Member Info for Chickenlegs

Bit of a hokey cokey today but every man and their dog knows it's a matter of time before we start to see more rallying happen in share price. Traders got to trade to keep warm and fed, but no capitulation on gains over last few days suggests that the potential positives coming here are weighing on the mind and with a few looking to add more when funds become available, I still expect things to get alot more tasty and exciting going forward.

Pdac is on early next week so I would love to be a fly on the wall during discussions. No doubt discussing next plan of attack for Anza and formulating the drill phase Brad talked about last summer. Surely plenty recon has been done while they've been ironing out the new company fundamentals.

Clearly Anza is the star of the show but if Brad can somehow get Newmont's money involved at Argentina in some capacity it could well be another jewel in the crown. I don't think we should dismiss the tin play either. Should be some excitement brewing in all areas, almost as if the last year or so was being lined up, coincide with phase 2 getting off the ground. Feel like today was an appetizer of things to come.

That's the only problem when helping out the community on boards such as this. Could see on Friday that interest was starting to pique, it's followed through today. Doesn't take very much at all to move this when interest comes.

Doubt an RNS tomorrow but folks obviously now starting to add before pdac and end of march. So really still early in the grand scheme.

Cheeky little addition

Yes bhargav we've been here long enough to know the score and as we have suffered many "false dawns" before so I'm not counting my chickenlegs...but to be honest a week/month or two doesn't really make much difference to me. I just can see that a critical milestone is almost within reach, one that was expected in all honesty last September. Just hope the wait is worth it and it is indeed fruity, like a calippo ice lolly. We need our thirsty mouths wetted and quenched Orosur. Been in the desert for too long, does strange things to a man :)

Surely updates are going to start landing. Pdac ranges 5th to 8th March so by 9th of March (Thursday), Brad and his amigos will certainly know what both Newmont/ Agnicos plans are for moving forward at Anza. This will in turn allow Orosur to move on anything that may have been held back. Whether they choose to update market by this point or hold off another few weeks is yet to be seen....though even April signalling new financial year could be a big month and many respects makes sense. Whatever way you cut it, things are starting to move to defcon 3 in the Orosur control room. Almost game time after a few quiet months.

I just think timing is good with pdac around the corner, where I am sure there will be meetings held. TP in research note also expecting new company formation issues to probably be rectified shortly. If that is the case then fantastic, may drag a bit of course, but there is also a little pocket or window for folks to jump on board before most expect that new company RNS lands. As we know that's when things will no doubt get a little bit silly. I am more bullish, merely as I suspect eagle eyed and savvy traders will know this also and it does not take much buying pressure to move through the gears and of course people will cast gazes our way. As stated before I just forsee this news being so crucial for Orosur and the next few years, that it should be the only news that matters and one people want to be in for. It's truly significant and I expect that when it does land, quite a few acorns stored up will be released in quick succession, ofcourse with an opportunity for our shy board to add some nuggets. Can't expect the pi's to be the only hungry hippos. PP has suggested insti involvement and if that transpires things could surely get tasty. I am actually curious to see the mantra "drill drill drill" coming to fruition :)

Personally I feel you have timed it well :)

Wolfy are you our hungry hippo?

Bit of nice buying after 4pm. Hungry hippos.

It is value investing at its finest. Nobody wants them, folks trade the news, around $30 million already been spent, a commitment for another $20 million to come, likelyhood $5 million in the bank and a couple of virgin plots sitting in the wings. Some say budget gto be spent over a couple years as opposed to four and the most favourable areas yet to be touched...get this new company over the line and things can get really exciting here and quickly I suspect.

Personally I am not too concerned. The tax levies etc on items such as oil coal etc were put in place sometime ago and is one of the reasons that new company formation has taken some time I believe. Curiously I was reading that the peso has lost quite a bit of value against the dollar which should mean that local labour will be cheaper for multinational companies such as Newmont/ Agnico. Personally they'd have walked away in September if it was really such an issue. I actually see this as a plus for us as the budgets set out should stretch further now than 6 months ago..

As we get further into march and no news continues, traders are going to enter fray, 15p is not out the question. In September my crystal ball called 20p, we hit 19p...not a bad prediction. In many instances, new company formation is the ONLY news that matters to Omi. Very very significant...and the biggest news call since I've been in this. Observers have to take that into account, I am sure they will shortly.

Well done bhargav. It's pay day for me also. Funds tight, as I am sure it is for many, but scraped a few hundred together. Pdac just round the corner, payment has to be close as does new company formation in next month. Huge news when that goes through for Omi.

1st comment should say new pad locations at Pepas....oops

Personally of course folks can hold off until closer to the end of March to enter, in line with turner pope expected timelines but I just feel that as expected timeframes are pretty well known, they'll come a point when speculators will enter the fray and you'll not get much notice and of course will be paying higher prices. Also there is always the chance that new company is going well and could perhaps finish earlier than the market anticipates. This could cause quite the frenzy if so. Doesn't make much difference for alot of us long termers, another month is almost out the way.

Market obviously love assays and you get some nice share price spikes from them but to have a binding contract and new company formed, saying that in phase 2 X amount of money will be spend etc is truly a ringing endorsement that the majors believe there is potential for Anza to be a tier 1 discovery. Yes I think it's a given, but wider market want bit a more certainty before committing? Any how I expect that along with new company formation we will get word that drills are to resume and new pads etc have been identified at Apta. If that is the case, I can't imagine that the orientation will be wrong and one would suspect that the next Pepas results (if they choose this path) should in theory be a given to be decent. As bhargav alludes too, I also expect a few director buys and the tap of news flow to finally open. Interesting times for holders and a cracking time for some to enter. Personally I am looking for signs that the project is kicking into gear and that the majors are serious to up the tempo and drill what they can. I'll be happy then.

Portfolio I read an article stating total spend on Anza thus far is sitting about 27million us dollar. Think it was bn americas....Brad has mentioned previously about spend being in that 30 million region.