Member Info for Chickenlegs

Yes Dr it's pretty much my thinking as well. There would be no discussion if they weren't happy and phase 2 would have been dead in the water in September. Like you I'm positive that everything will be ironed out as well. Doesn't help though that we are very much in a minority currently and the drift continues but il be buying consist smaller top ups over the next few weeks until this situation is rectified in order to accumulate and get average down. Maybe our buys will look genius or silly. I don't have a crystal ball, but I'm not buying now with a timeline of a month or two - I'm adding with a longer timeframe. These prices will look silly when new company is formed and drilling resumes but it's going to be rocky until that point.

I have received correspondence from Orosur. Negotiations ongoing and I'm feeling relaxed about the situation. Happy to continue adding when I can. Newmont don't do walking away by the sounds of it. Can't say for certain when things will iron out but talks are positive between Orosur and MMA.

The problem that the Omi board face is that punters are now starting to think that this is a lifestyle company. The board seem to take alot, locking out lse holders from votings. They have form for also rewarding themselves when the share price is flattened. So while we see our investment shrink, the directors line their pockets with bonuses and options. Not really bringing shareholder value... stated on the company webiste....and not really fair.... see a couple weeks ago for example. Trust in the board is at an all time low. Brad has shot himself in the foot with statements such as "drill drill drill" when we are in-fact it's "pause pause pause". Bhargav has been a bastion for Orosur for a number of years now and he has every right to be critical as does every single Orosur shareholder be it big or small. The facts are management are under performing and they need to up their game quite dramatically. I personally think things will iron out in a few months but there is the realisation that all is not what it seems and it would also be prudent to consider this. So over to you Brad and Orosur team - show us the shareholder value that you hold so dear to your heart.

That being said nobody wants them just now but folks will look to add January onwards I reckon in anticipation of Columbian update Jan to Mar time but no one seems to know exactly when a news drop may land. It may come quicker as well but who really knows.

Italian. Market crucified the delay or complex phase 2 negotiations where it seems Agnico are looking for more than the previously agreed terms, Omi don't want to bend to Agnico's will for fear of losing out when phase 3 comes (if it ever gets there). So negotiations are ongoing but seem more to me with a neutral eye sticking points as opposed to a complete breakdown, or majors walking away. This with the double whammy of drilling halting as Agnico got the last drills completely wrong... they've decided to conduct more sampling so they get it right hopefully next time. Unfortunate for holders and hopefully everything will be resolved quickly but peel hunt reckoned it could drag to march 2023. Omi were supposed to get 2milliom payment in January - this may still happen. Argentina/ Brazil both have samples/ assays submitted that are awaiting results. Market has no news on them currently.

Those pesky mms smelling blood as all the snow flakes found skid markers in the briefs

Who knows mickr you just can't second guess Omi. The only thing I would say is there is probably quite a few waiting for that eventuality to top up/ buy in. That make mcap sub 10. Omi is better than alot of that dross. So if you get that fair play. What a steal.

What better gift you can give your partner than a nice tranche of Omi shares to fill their stocking with. Much better than diamonds.

There is certainly a window of opportunity just now for picking up some of these. I think a few people will be watching and waiting.

It's the uncertainty Reb. Folks have soiled their pants. This impasse has been hard on holders and sentiment. Like you, I'm too scale in more while I can. It's a pity there aren't more brave souls.

Not really expecting insti's to become involved currently but of course that might change in the future

Breaktwister & Dr. I believe there is an opportunity here also. Board have not covered themselves in glory and what promised so much has now transpired to even the most bullish taking stock of the situation. But within that I see opportunity like yourself. I can't say I'm overly impressed with everything currently but one's fear can be an advantage. We know what's here and just why Agnico are playing hard ball. They wouldn't be doing their own jobs if the didn't get the best deal for them, likewise Omi. So no doubt Omi will give a little as will Agnico and will meet somewhere in the middle or it might be slightly in Agnico's favour but it will be sorted. Realistically I reckon it will drag on until at least they have re-analysed and are able to move pads and get the necessary permits for this to start drilling again. I reckon "in principle" everything will be agreed by then, perhaps new company formation will not be completely through but I think if the "in principle" has been agreed and the 2million payment has been received in January, all parties will be happy for drilling to re-commence. Agnico have shown since September they were happy to proceed and keep drilling without new company formation being through. I just can't see that next set of drills missing the target, which means when drills do resume the grades encountered etc should make the market take notice and I think if we get any RNS saying drills have resumed, money will come back. That's only my thoughts and I might be way off mark on that but I've added and will add when I can on this basis. I do think as well, when this has been ironed out, it will be full steam ahead on the drills also.

I think we all expected the news to be completely different. It was quite a shock to me personally, actually missed the news as was running late that morning but by then damage was done. 100pc expected new company to be formed and for the results to be decent. I did not expect the suspension of drilling and for Agnico to get the positioning so wildly wrong. I know many who were bullish have been completely taken aback (including me) really did not expect this. This share can infuriate for sure. Hopefully everything gets sorted quickly so we can look to the future and get over this uncertainty. Might be an opportunity, it might not. I know sentiment is at a complete low whilst I suppose it's the risk we all take when we part with our cash. We do need some strong leadership especially over the next few weeks so I've fingers crossed that management can bring something to the table but at the moment I'm struggling to identify what that could be. Same token though the price for me anyway is something I can work with but I also can understand why some have given up hope. Good luck everybody. I'll still be here.

Yes I wouldn't want it to be sold on the cheap now. Personally just want phase 2 negotiation to conclude and get back to drilling as quickly as possible I'm sure Orosur want that too, but I don't want them to just give away the crown Jewels in order to get that done.

Interesting take Jackbal. Some shareholders would actually be happy that Agnico were no longer in the equation. So it's a case how much will Omi/ Agnico be willing to swallow or sacrifice to get the deal done. How much do Agnico want it? How much do Omi really need Agnico? What's Newmont's stance on everything? Let's face it, since they've been here, there has been a wall of secrecy which has not helped the Orosur shareholder. I imagine the Omi team are acutely aware of all this and it's been detrimental to their plans. Orosur, especially leading into the next year or so really want this project to be singing. The team doing the drills were no doubt the same Tom, Dick and Harry's just under Agnico's leadership. So it wouldn't take much for Omi for instance to lead on this, or Newmont. Question for us is finance as we can't do it ourselves without significant dilution..so would Newmont take on the terms on their own? If they would we are in a very strong position really. Perhaps there are other players sniffing about watching this soap opera keenly? It's scary, exciting and drama filled for us Orosur shareholders as the variables and potential permutations are quite vast. The price is what it is. Can't do anything about that now. I still think we'll have both onboard (opinion only) then we will more or less have conformation we are are on track for a 5million + resource in the future. From Q&A I sensed frustration but nothing that suggested a complete collapse in negotiation or catastrophe. Completely my own thoughts tho.

That's the conspiracy isn't it. But then that would lead credence to two factors 1 either to strengthen negotiating hand or 2 to take out the project. Not sure Agnico are able to do that or not. I've bought a good few on the day of drop and yesterday. Have a feeling alot of folks have lost their appetite. Strange when it's flying everybody wants to throw money at it and when the news is not good nobody wants to touch it with a barge pole. I'm still of mind everything will be sorted out, when I don't know, I think it will just come out the blue. So very hard to time getting back in, but like goodself I think the drop is overdone.

If folks think the negotiation will be sorted out in the next few weeks/ months these prices are a gift. Always hard to commit though after a significant slump which I understand but another couple million shaved off this and it's ridiculous really. Remember the grades that were encountered at Pepas were simply outstanding. It's a pity it was in wrong direction, what was a 50/50 coin toss. Once negotiations finally complete and drilling re-starts that mistake won't be made twice.

Nope mms can smell fear so they'll collect as many as they can. Folks like me waiting for it to settle :)

I think you should watch q&a

Precisely imp. Why a few would rather Agnico weren't in the mix. It's clear that they are trying to bully Omi.