Member Info for Chickenlegs

Folks don't be missing out. 8p tickled.

2023 should be a good year if it comes together as anticipated. Didn't quite expect delay in phase 2 happening which I am sure caught quite a few out. Articles talking about high gold targets and cost of living squeeze, political instability, war economies etc should help goldies so hopefully see a bounce from that. Gold up at mid 1800s now. Need our board to help us a bit also though. Always one hand tied between their backs. Maybe they can build some excitement from the junior projects and add substantial purchases which is a bit of a contradiction from having them on simmer and actions of board members to date. Was expecting to be drilling just now so I'm disappointed in the delay to phase 2 company formation etc but I'm quietly confident. Just would like some positivity. 2023 and most of the plots remains untouched. All guns blazing when things are ironed out would be a start.

2023 could finally see everything coming together for sure. I still believe majors are very keen to enter into phase 2. Would be a huge endorsement.

I actually agree portfolio. We should see that 13p to 15p range come back as the weeks continue on. The little bit of mystery of phase 2 news created a bit of an opportunity and no one knows when it will exactly land. It could be January, February or March. Any one serious about Omi or serious about a trade will want to be holding when it is finally RNS'd I'd imagine. My target on that news announcement is around mid 20's to 30p. I didn't catch the bottom with a chunky enough top up but not too far off. Still, sub 8p now for a target of at least 20p to 30p is not bad for few months work if you can get it....and peeps still can :)

Merry Xmas Orosur holders. Another year where our dreams have been fueled with hope (briefly) only to come crashing down to earth. 2023 is another year in which I hope we will be all be rewarded. Still time to fill your isa stocking with some Omi shares. :)

Could just be folks that sold out on last RNS are coming back in. Will be good to have you's all back :p

Webbs I miss you :)

Probably time to think about jump back in now?

If you Google "sedar" all orosur documents are on this platform. There will be quite a lot of documents but you can filter it by company "orosur" and search in "2018". Went up in September that year and the correct document will be "exploration agreement with venture option". Quite a dry document and takes a bit of concentration to read. Have fun though :)

Rob have you read the agreement that was signed in 2018? I have a copy or could direct you in the right direction if not. Of course there is a bit of guesswork isn't it always....but Omi are protected from low ball take over as Newmont and Agnico cannot own more than 19.9pc of Orosur until September 2023. I think Newmont currently sitting at about 15pc. The only way this ceases currently if a third party came in looking to buy Omi or it's substantial assets. So we are protected currently under this agreement to an extent. I just have a feeling somewhere around this "standstill" clause is an obstacle in negotiation. Might be wrong tho. Bhargav is right to a degree. The majors under this agreement if they wanted to could slow ball Anza and then from September 2023 look to take Omi out (or it's assets) rather than proving up the rest in the public eye. Let's face it, the majors don't want to report anything as it is so it's not inconceivable that this is what may be the plan all along. So I would say this clause is definitely a sticky point in negotiation as Omi will want protection for at least the remainder iof phase 2 I'd imagine.

Seems a few people are hungry for these at knock down prices

I'm abit annoyed myself as I have a top up ear marked for Thursday so would have preferred it not to have had a wee rally. Still stupid price though.

It's got a lot to travel. Still fantastic price for would be holders and current holders alike

Yes akrigas/ vicjain. I think with Xmas being around the corner and folks worried about a drift their is a bit of caution being displayed. It seems most have an eye on January for an addition. So I think there is a window of a few weeks at these prices. I think when we start to see volume pick up it, the share price will move quickly. Only my opinion. Hence why I'm toying with going a bit harder this side of new year and maybe foregoing a January top up. Negotiations will in most likely drag on bit but i personally don't think there will be a chance to jump in. In most cases with Omi when it moves, if you blink you miss it.

The issue in negotiation is more to do with the ongoing years and protecting Omi from a low ball take out in the future. Phase 2 negotiations have not broken down, nor do the majors want to walk away. I can't stress that enough. The price here currently is priced to failure and that is not the case. Reading between the lines, it does seem however that majors want options in the new agreement that will allow them to acquire Omi or it's significant assets (Anza) at advantageous terms, if they so wish to do so in the future. This is something that Omi want to protect themselves from. It is in every holders interest to support management in this. Maybe just maybe we've all had a go at management for the failings but they are actually trying to get the best deal for us. Failings over the last few years that I might add are not on Omi's part and are very much I believe by tactical design. Positives are the majors are very keen to keep going and ensure they have mechanisms in place for a take out opportunity, disadvantages being that it is in their interest for our share price to not get too ahead of itself. So I reckon that is where we are and find ourselves at this share price. A double edged sword indeed.

I was looking through the agreement there. Orosur are in quite a strong position and actually in my opinion right to stand their ground (as much as I hate to say it, with the price as it is). Market has overreacted. Facts are the spend was achieved in phase 1 (which its common knowledge it's more) Newmont/Agnico have already given notice that they are moving to phase 2 which is 51/49pc. Unfortunately it is just negotiation. Phase 2 and new company formation will be a certainty. Price is what it is currently. What an opportunity for anyone on sidelines. It is just a matter of time. Easy to say until the new company is formed and a new agreement renders 2018 agreement obsolete. I would like to know what the sticky points are though.

RPdard like you I've got no issues with MMA continuing or not into phase 2, all actions have pointed towards it. Hence why I have similar thoughts on the adding front. Agnico are obviously keen. They have a strong presence in the area as it is. For us it would certainly be better once this has been resolved and these prices seem silly on the basis that phase 2 would be locked in. I just hope to see consistent drilling as I think if there are no pauses we could see a real drive in share price. So it will be interesting to see if phase 2 steps up after all this. Long periods of inactivity won't help our share price, of course I expect mixed results, they can't all be rock star. Consistent drilling will be key for us moving forward. Will be certainly looking for signs that caution has been thrown to the wind on drill front after this pause.

Indeed not that most holders are here for our more junior areas but I expect news on both Argentina and Brazil around the times you've mentioned. Possibly could come earlier (perhaps why we seen a few buys moving into close on Friday or perhaps just someone happy with the price to enter). The 2million payment will come as some comfort for holders so I do hope we get this in January, I do expect buying coming especially in this month which may be the most advantageous time, quickly followed by March as this seems to be the timeframe that most expect the complexities to be ironed out. Hence why I'm very relaxed and quite happy to add when I can now whilst a few are waiting and watching.. of course these timeframes could be thrown out the window if things don't drag as expected. All guess work that might or may not transpire. I do expect directors to add also when this fiasco finally subsides. I would just love it though if it doesn't follow the script and news comes at least expected moment.

Nothing is pointing to phase 2 not going ahead. Not the noise coming from the company, not the turner pope report and not the actions of the drills since September. For me this has been seriously over done. For me it's just a waiting game.

He's meaning negotiations are carried out between OMI and MMA then these negotiations get forwarded to the paymasters Newmont/ Agnico who make decisions centrally higher up the food chain. It just means there is a lag to negotiation that we are unfortunately witnessing.