Member Info for Chickenlegs

Far off

Nice to see the cash balance increase....my main takeaway from the update. No mention of Argentina and Brazil in the quarterly so news can't be off on them.

Best get adding webbs :)

There is alot to get excited about. Had a few false dawn's here but the longer the false dawns go on or drag out brings us closer to the point we as shareholders can get excited about drilling in other areas and closer to getting licencing/ permits for some that are still outstanding. Like to add, it's good to have a geological take Ageos, if you are excited, which by all means I believe you are, it strengthens my resolve and belief in this project. Brad is on record as well that once the difficulties of getting phase 2 negotiation over the line, that it is likely that phase 2 will be more like a 2 year program as opposed to 4 years. If holders can camp in and add before phase 2 (when we expect some serious drilling to be undertaken) I think the cat will eventually be out the bag. There is a reason why Newmont took this and there is a reason Agnico are in the mix also. Ageos have you had a look at the virgin plots of Argentina/ Brazil? Would love a take on them sometime if your not too busy...as would I'm sure genuine long term holders.

Good to knows ageos cause I know previously with Apta in isolation you were more sceptical :)

Nice post ageos. You liking what you see here between what has been identified at Apta and now at Pepas?

Flaws are well documented with orosur but the facts remain that they have an area of great interest to the best and biggest miners in the world. At this price risk reward is good for would be punters and I'm pretty sure that for a trade and longer holders will do well. Phase 2 is in the bag and I feel if we can consistently drill at Anza and bag outstanding licences/permits there is enough to get this going. Apta and Pepas results show that the gold is there, if only the majors would or could get those drills turning consistently....pity the tricky terrain at Pupino seemed to be a busted flush...but things seem to move at a snails pace with the maiden project...and I just wish there was a bit more urgency which would certainly benefit holders. When orosur took on the virgin projects I thought that this would help with news flow and keep punters hooked. That they possibly could have helped maintain a little momentum. As it is, the minor projects seem to be a void that are in our portfolio but with not very much happening . I can no doubt count on 1 hand the RNS' submitted from Brazil and Argentina........the tweet from the "control room" in Brazil, think it was June or July 2022 wetted my lips....yet still waiting for some news on this (there has not been an update since)... There are failings for sure, but I just can't shake that if phase 2 beds in, we get consistent drill results and the virgin plots do there part that there is something quite legit here for investors at this price?

To be fair most thought new company formation would have went through in September. Rather than this negotiation for months on end. Phase 2 is in the bag. Wouldn't be receiving 2 million otherwise. It will be telling when we finally get a run down of what the plans actually are for phase 2 and if it is indeed full steam ahead or more of this stop/start as per. We need to really get drills turning again as quickly as possible, not more jam "in a few weeks" "shortly" etc.

Yes bhargav I don't think we will be getting drill assays from Colombia either considering works were paused apart from field mapping, sampling and trenching activities as well as additional surface works specifically in the Pepas prospect area. However we shouldn't have long to wait for payment received from Colombia which should surely be end of January/ start February.

I would like to see something with payment RNS along the lines that these works have over the last few weeks identified new pad locations which have been established/ or are being set up and that drilling is basically to restart or has restarted. A bonus would be if they move into another target area. Assays unfortunately will still be a good bit of time off, though I fully believe that next assays we get from Pepas will be significant. Market should in theory now enjoy the next few Colombia updates as I suspect they should include payment, drilling restarted, drill plan, licences/permits, new company formation and assays. They won't all come together but there should be enough in 2023 to drive share price along, especially if we get the fabled escalation of works and the drilling is continuous enough for us to get a stream of regular assays.

Today's update will put long termers minds at ease and key for me is that exploration can continue while new company legalities and negotiations take place in back ground. I'm sure we will hear more re exploration activity/ goals when we do receive the payment. I want to hear that boots are back on the ground though as I'm sure the market does also. I'm sure that will come in next 18 trading days though 31st January or 7th February might be good shouts.

OMI/ MMA must have at least reached a point where both parties have agreed on the majority of issues that they had to action payment which is a positive so it seems things are moving along and for me throws us out of the limbo/ uncertainty we had over the festive period. The door now is open for news flow from our other projects Argentina/ Brazil. I'm sure we will see something from them within next few weeks also.

Yes sianhan. I think this one is purposely not mentioning anything about sampling or restarting drilling, more info on plans or what's happening will come with the 2 million payment RNS.

Hardly easyp. This should remove any doubt of phase 2 happening for those who felt there was a hiccup. Which is what we want after all. Payment coming soon which should allow us too see news comes out from all projects moving forward. New company formation was always going to take time, at least now the project can resume.

Can't wait for phase 2 to get into action while we should be in a golden age for gold. Some more results like Pepas in a higher gold price space and positivity from Argentina although early days would be fab, especially if Newmont endorse it...Brazil as well could be interesting as the price looks to be picking up after dropping from it's highs previously. As we know annual growth rates in demand for tin are estimated to be between three and seven percent. So could be very interesting. All in all though news from all things Orosur are either closely pending or extremely over due. Be a good boy Brad and light the fire.

It's nice to see after being so low a month back. No one seems to have an idea when updates are going to drop as well, at best educated guesses. Good to see gold nibbling 1900 also.

Tts good points. The spend does roll over which is another indication that phase 2 is going ahead. Think frustration is coming from why if majors have signalled already to go to phase 2( I suspect this would have been universally known no doubt once they had the grades back from Pepas - that weren't disclosed for a few months later) that it has taken so long to negotiate and get the legal contracts in place. Plus more frustration has come from Brad's webinars where he purposely states sound bites like drill drill drill etc and has stated timelines of the junior projects that haven't materialised as no payment has been received for moving into phase 2 as of yet. Everything has had a knock on effect timeline due to the delays in getting this new company formed.

We do want to see skin more skin in the game from our directors. Many who post have bigger holdings than them. Personally I don't mind them having options in place to reward themselves but it would be better for us a holders that it was linked to share price performance, likewise I would like to see consistent additions by directors over phase 2. I do think we will see an addition once new company has been formed. Will consistent buys be a feature from them though, jury is out on that.

Our slump recently came from the new company formation not being over the line, the downing of drills and the pitiful assays which having strike so well previously, came as complete shock to all. Hopefully however this pause will allow them to re-assess and get pad locations in place that will be much better on resumed drilling. I believe next batch of assays we receive will be much better but as we are not drilling currently these will be months off. Most here are looking for a pick up of works over phase 2 so I hope that this is the case.

That leaves us with the junior plots. Ideally we would like to see the payment received this month, this will allow management to bring some game in the market space. Argentina/ Brazil cannot be sensored by majors and we may see some positive spin on them that may help sentiment short term but to bring them further forward, finance will always be an issue.

Gold price is strengthening, the world is feeling the pinch, rate rises still ongoing and will surely pivot, recessions looking likely, inflation issues, geopolitical issues etc, cost of living crisis are all at the forefront of investors minds......all in all I feel from this price Orosur can make real headwind this year.

Yes Dr R I was being tongue and cheek after bhargav's satirical posts of pp who seems to have left the building again.... Just having a bit of banter, sorry Seingred....while we are wilderness and slow days like this we can always dream :). We are at what 15m mcap or something just now. To say we'll be 1 billion in the next year or two is fantasy...but a realistic target from here I feel over phase two has to be that 50 to 100 mcap. I do however believe in gold over the next 5 to 10 years and I'm hoping to see a break out to $2300 to $2500 this year. I do also think we can achieve the 20p - 30p mark this year on a spike. Ducks do need to line up and we need need Omi and majors to be on same page, to realise my ambition.... something where there has been a disconnect since Agnico came to party.

Seingred, Anza I believe has the capability to be a monster. Much has been discussed with Buritica and I know you sensibly compare to other goldies in the area that are producing with much more conservative estimates but it's not pie in the sky for me. I believe gold could do something spectacular over the next decade. When I say spectacular it will blow $2,000 dollars out the water. I can see gold doing the impossible...and 10k is not out the question :).

Zak Mir didn't even put Omi on his 2023 list. Must be keeping it secret until the most opportune moment. Zak you shouldn't have.

Remember that Omi will be ripe for take out at many multiples of current share price by September this year. Majors will want their hands on 10m Oz resource before Omi's mcap moves into billion category :)

Folks have to remember that moving into phase 2 was already signalled in September so that means that both Newmont and Agnico have put their cards on the table that it is what they want to do. Plus drilling was still ongoing after the market was informed of this. The new company formation was always going to take a bit of time, longer than I have personally anticipated but what's a few months, if further down the line share holders are protected to an extent moving into later phase....and if indeed Anza proves to be a tier 1 asset in the making. Apta has hits and Pepas has had hits....Phase 1 for me was about trying to get as many shares as I could before phase 2 started....(in my mind that is where real value addition can be made). At this price still, if we follow similar trajectories to other junior companies with potential tier 1/ tier 1 then multi bags is not out the question. Holders here are on the cusp of moving into phase 2, which apparently is the drill phase and what has been dubbed to be most likely a 2 year fast tracked program. It is still conceivable that the drills will be turning quickly whilst gold has another renaissance, we are starting sentiment improve. If that sweet spot is achieved then all bets on price targets would be off the table. Orosur do have a couple of junior plots in Brazil and Argentina which are interesting but we won't see much happening until $2 million is received, and phase 2 new company formation has been signed, sealed and delivered. All going well however is should be exciting once the new company is set up. Of course there will still be the vacuum of Orosur wanting to shout through the rooftops and majors wanting to keep a lid on things. An interesting dynamic we can do without, but my mantra here has always been "If the majors are here and keen, they must see potential and if it is good enough for them, it's good enough for me".

Still great price for would be enthusiasts.