Member Info for Chickenlegs

The mighty Brad George is either squirreling up news flow for the winter or genuinely has no tale to tell. Anyone adding from here should do well though if they have patience. It's just a pity there is not much for holders to talk about.

I don't know what the issue if people buy sell etc. Pretty clear that trading here in last few years was the way to go. Once phase 2 drills are going perhaps it be better to just hold, especially if majors are aggressive with the drilling. None of us know what's in the major's thoughts unfortunately however. Still, phase 2 is nailed on and drills have been paused since November so surely when the paperwork is in place, I don't think there will be much hanging about. It's just a matter of when, not if. Sooner the better for us though.

Well someone believes. Added again. Nom nom.

Who would have thought ar se nal would be censored :)

It is webbs. The expected gold rush was always in ones thoughts and was one of the catalysts for me to be here. Problem is with delays to phase 2 commencement, Omi are now in position where they are not drilling during the what seems to be a sentiment shift in the sector. Typical Omi....if the gold price/ sentiment can sustain Omi should surely get swept up in that, but it would be advantageous to holders here if Omi can back up sector sentiment with some positive news. The jury is out if there is anything in Omi's ****nal to get this moving.

Yes pp is over at condor.

https://www.kitco.com/news/2023-03-14/Gold-price-to-triple-with-miners-poised-to-gain-85-Tavi-Costa.html

This man has a bullish outlook on gold and miners in general and alludes to majors being aggressive in exploration. If only there was a project that majors could push on aggressively....I won't tempt fate but maybe just maybe a feast of drilling will eventually come here "soon".

For me personally I got a bit annoyed at more delays but there was just something bugging me that there is bit of a smoke screen and I couldn't be out . Anyways back in at a level I don't feel stressed about. Price has held up well and hasn't dropped to a figure I expected. The SVB thing for me shows cracks are starting to appear in the system, which months ago we expected so could this finally be the start of the precious metals run? Will folks recalibrate portfolio to include more safe havens? Will the fed finally pivot? Just hope we are drilling when the real run starts.

Is there an issue with trades showing? Bought a few this afternoon and they haven't appeared on either exchange...

Pretty sure this was posted last week. Good work I'd you can get it.

Tons of gold if they ever get back to drilling to find out.

Thanks bhargav/Impy

I'm still in with a smaller holding. People also forget you can consolidate money by going the other way and collect more shares at a time and price that you believe is more advantageous to yourself, that is if the price drops.

It may not necessarily be all to do with timelines in a stock. There are other variables that come into play that come into ones decision making. As you've stated bhargav your life can come into play also. Have you bills to pay? Are big things going on in your life? Normally I would be happy enough to hold and add as we slide down, but with big fish to fry over the next few months I don't know if I could watch the Orosur share price slide to 5-6p region and wait. For me at this point in time, it's better to watch on sidelines and keep a hawkish eye.

The last time I done this, I managed to save around 30pc which in turn allowed me to buy 30pc more shares. I may get an opportunity to buy lower than my exit price, I may not. You live and die by the sword. But nothing stopping me adding again if we are moving and my outlook changes, even at higher price.

I have stated that I wanted to see that phase 2 new company formation is completed and escalation in works is on/ drills look likely to restart. Was that achieved in this RNS? On the contrary. It seems that more delays are afoot. I honestly felt that it would all come together around now or in a few weeks time but it seems more likely if TP are saying Q3 that things will drag.

Long story short, i have money on sidelines, happy to add at any point that I feel is right for me. I will probably still add smaller monthly additions to keep a finger in the pie and if I feel necessary to go big I will. I like the potential here, but not while Orosur are only going through the motions and the new company is not executed yet. Progress is being made but slowly.

Bandit1. I'm not a trader and very rarely trade this. I actually still have a holding. I like the asset (Anza). For me and I don't really care if no-one shares my sentiment, I have to trust my gut and this is my thoughts....

Yesterday I was not impressed. On 1st glance I was happy as new payment has secured Omi's cash balance for now and looks to be that phase 2 will almost certainly go ahead. After reading RNS several times and TP note several times I just could not shake an issue. My problem is the new company formation has being going on since September. TP stated they expected this to be rectified come around end of March/ April. It's now expected that this perhaps may land Q3? That will be nearly a year to get the drills going since when they stopped at tail end of 2022.

Do I think they will drill hard then when this gets rectified? Yes. Will we be drilling Anza until then? No.

It's listed in TP that the timetable of works is

Brazil - near term
Argentina - drilling campaign Q3
Colombia - new company formation Q3

So I asked myself this. Is Brazil enough to hold share price? The answer for me is no. Do I think share price will drop? Yes... No-one cares about Brazil.

So I have two options in my thought process and being true and analytical at this point in time it is either:

1. Hold - I expect my investment to lose money at this point of time
2. Sell majority and back my instinct that it will drop and rebuy closer to Q3.

So I chose option 2. It does not make me any less bullish on Anza, I am merely reflecting on the timelines given (goal posts keep getting changed) and applying rationale of what I think may happen. I could be wrong, I could be right. But when in investing in stocks your thought process must be fluid and you have to back your own conviction.

At this point in time I think the price will drop, long term I think especially when drills are turning in phase 2 that the price will rise but it's a long way off yet, if indeed it's not on until Q3. So may bearish stance may switch to bullish in a few months.

Sell/ buy I really don't care. People have to do what is right for themselves at the end of the day.

I agree Sotolo. Hate to say it but I sold alot today. Still have a little finger in the pie but for me it's plain as day that we are going to drift so no point watching my pot dwindle in interim. I do expect phase 2 to complete and drilling to reactivate then but later on in the year which is along time to hold shares like this. Expected drilling and new company to be formed around end of March but it seems that's not the case. You see it in so many other explorers when not much happening, share price really suffers and as Omi are only really sampling currently I expect to be down to 6s shortly. We are an exploration company not drilling, with near term Brazilian adventure not going to be able to prop up the share price. My advice sell and come back in a few months. Am I bullish on Anza I am, but once they restart drilling and have new company formed.

Can't work out if the mms are aggressively trying to get your shares today :) fundamentals are strengthening.

Wolfy in essence I get your point but the payment means so much more as it is definitely happening as opposed to Brad saying it's happening and for me the market were still a bit lukewarm whether this was happening or not.

Confirmed NT for me also. Sneaky

Zaph the 1st phase was completed in September but tax laws with new government threw a bit of spanner in the works in new company formation. Market chose to see this as majors taking a wobble and were cruel on last Pepas drills. Over reaction completely.

Well payment in now so anyone who had serious doubts about majors walking away can sleep easy now. That's a huge endorsement and as we expect once new company is formed, expect drilling to restart and I am glad work has been made on licence front l also. Argentina looking good, near term Brazil to see some action. The ducks are lining up and I am sure now with pdac around the corner more solid discussions on getting those drills starting back up at Anza. After baron spell of news flow we are surely now on the cusp of getting updates regular on 3 projects.

Yeah credit....plenty more gold in these hills. We all know it, as do major players. Going into phase 2 I'm sure will unlock more finds for the market to chew over. Approaching talks of plan of attack and approaching the sign off of finance coming. I am sure after a bit of down time that drills will restart shortly. As stated new company formation and phase 2 is the only news that matters for Orosur and it's a huge endorsement that Newmont/ Agnico are involved. It's apt to mention Agnicos involvement in royal roads as they believe that the finds on their area cross over onto orosur's patch and is most likely the source (not been touched by us yet) so there is alot of data swirling around at higher levels that the little pi don't know. Also worth mentioning ageos with geological knowledge who once wasn't too hot on orosur after Apta results has re-evualated his stance after the Pepas finds and is very bullish not only on Anza but can see potential in the junior plot at Argentina.

Well the mining convention starts this weekend and I can see our illustrious neighbours are all there too such royal roads and zijin. Newmont have a few booths and other big players in the mix.