Member Info for Chickenlegs

Kemot, before Agnico got involved Omi were doing precisely this which kind of renders your comment a bit meaningless. Agnico leading drills/ Omi leading drills doesn't really matter. Facts are there is a minimum budget for phase 2 already. Fact is, if Newmont want to take all of Anza it will be when they more about the greater area. The only way they can do this is via field work and getting drill assays. It doesn't really matter if it's Omi or Agnico leading that.

I agree here. If Newmont are happy to pony up on their own and let omi run the show with their teams and guidance i would be happy with this. Negotiations are complex and everyone is competing to get the best deal for themselves and I can understand that. Omi have to play hard ball here, and as a shareholders in Omi we need our board to do that for our benefit, especially now as we move into phase 2 and hopefully 3 in the future. If Agnico want favourable terms they need to give us something in return, only fair. My stance is that Agnico will not walk away though. They have other interests in the area. So its just a case or waiting it out. It's not going to drag on forever, and it was clear that they were happy to drill under this cloud, albeit suspended while they re-analyse the area. Remember this is hard terrain to navigate, it's not an open field and I personally don't want budgets being spent chasing gold down blind alleys. If there is a pause to get it right that is palpable in my book. I feel unless something catastrophic happens in the negotiations we will go into phase 2 with both Newmont and Agnico. Worst case we will kiss Agnico goodbye and carry on with Newmont only (which would probably perversely loosen the straight jacket of the last few years - which is evident). Phase 2 will still come, patience is key. Was it what I expected or wanted? No it was not. Likewise, are the majors walking away? No that's pretty clear also. So its a delay whilst the gorillas puff out their chests and a chance again to add funds before it starts again with even more knowledge of the area. Fun and games as always at Orosur.

I've topped up a few and awaiting us to open to fire more at this. Try and get as many as I can before we eventually get phase 2 notification. Disappointed with today's news tho.

Field work is still on going. So no chance of walking away as Newmont are also major share holder in Omi etc. Drop is savage but there are takers. It's a delay with poor results. That's all.

I agree bhargav I'm trying to rejig things to get some shares on cheap. Phase2 is happening regardless of these pitiful results. Newmont are our major share holder.

Pull backs are part and parcel of the game but anyone with a year to two year focus should surely be licking their lips. 10p for me was too far to pull back in the 1st place, especially with what Pepas has thrown up so far and what potentially could come up there and in other areas. Even Apta I believe has quite a bit of copper at depth. Just a hunch, a question that Brad swerved.

To be fair Imp I understand your cautious pessimism as ofcourse history tells us this spikes here are usually followed by a decline as punters cash out, taking the quick buck. Understandable really. I don't knock it..Flipside of that could be that omi are embarking on the start of phase 2 of the program. Results since September have been fairly regular, much better than previous 18 months, which was a slog as a longer term holder. I am sure news protocol would be at the forefront of negotiations (clearly from Omi's side) when discussing new company formation and transferring over licences etc. Brad's dubbing this as drill drill drill remember. I actually believe him on this, and it's been banded about that majors plan is to attack phase 2 over 2 years. If this is the case, assay results should come steadily for us and with that hopefully some tasty results that could really push on share price. Anza still has only really been scratched but I am more than certain majors have a fairly clear idea of what they have here already and staying is a statement in itself. I'm sure alot is going to be revealed shortly. I personally think market conditions are going to get better for the mining sector over 2023/2024 and a gold price that will help sentiment. I just think in Omi's case, we are entering a solid period, almost with all the difficulties it has experienced such as delays and covid abating. My only concern is cash burn but Omi are a junior so that is expected. Flipside again is that they'll have to do something to entice some finance eventually. So for me at this point in time positives are outweighing negatives as we look forward to next 12 - 24 months.

Nice to see. I'd be surprised if we don't blow some time this afternoon.

Yes Clarence results will surely come soon. A solid pep08 would light a fire under the price but in the grand scheme of things any sniff of the outstanding licences, 2million payment, new company formation and majors really stepping up their drill game will be worth its weight in gold. We could also get this along with solid pep08 results. In this scenario...rocket comes to mind.

Indeed. Mcap is tiny and if the majors escalate proceedings as brad has communicated many months ago, there is a real solid chance of Omi shifting rather quickly. Looking forward to phase 2, I suppose technically we have just started it, but be nice to get confirmation of new company formation and a plan of attack by the big boys.

I have a feeling today will be a strong day :)

Good to see that there is no news today. I don't think if we get some this week it will be until the tail end....with each day passing getting closer to pep08 and new company formation and 2million dollar payment and hopefully alot more.

Webb's buy sell who cares....I'm pretty certain it was a buy. Even if it wasn't, I personally not going to brick it by leaving. Made my decision to stay the course in September when we got that lovely 1st hole from pep and the signalling that majors met spend criteria and are moving to phase 2. Finding gold in other areas for me was a critical point for the viability of the project. That was made quite convincingly. And obviously enough for majors to move forward also. Of course I don't know how much will be found...... September was the time to exit if you had enough of the last couple years. Risk was at its highest then, though a few of us used the opportunity to build stacks for moving into phase 2 which is when we should see more drilling activity and a steady stream of results. Of course you have to get paid eventually but for me it's a strange time to look for that pay day....though completely understand the mentality of trading spikes and by all accounts people have done well from this. For me though, I'm here for the rock star areas not Apta or Pepas so I continue through the storm in my pipe and slippers.

250k buy on close is not chump change so that bodes well heading into next week. For me heading into phase 2 is not the time to sell but hopefully to see just why Newmont were interested and why agnico joined forces. There is potential and hopefully we'll get a plan of how the potential is to be unlocked.

I don't think the project needs ramped. There is enthusiasm as it was a good day yesterday. It's all in RNS majors moving to phase 2, payment coming, drills still turning and hitting exciting grades. Like I said yesterday, icing on cake for me would be licences finalized for outstanding areas and the majors not hanging about and pushing forward timeline..I think there is a strong case for this happening shortly considering Brad has been consistent of this in previous webinars and it would be some Xmas present for the long term holders.

Couldn't put it better myself Johnny. Completely agree. 2023 should be exciting. I'm really looking for outstanding licences granted and for the big boys to signal that they are going to pepper the new licence areas with drills. There is nothing stopping them spending the 4 year budget in two years....have a feeling Pepas and Pupino are more of a sideshow to tide over until this is sorted, though pep has shown some real promise.

Yes bhargav my connection is patchy at the old work. My comment is fact. I don't believe we should have been down here and why would anyone want to part with shares when we should be moving into the drill drill drill phase :)

Nice volume so far but we were knocking on 20s door in September and since then have had another positive drill result at Pepas. Surely we deserve to be alot higher. News cannot be far off and in all likely hood positive news is certain to drop next week.

Nice volume so far but we were knocking on 20s door in September and since then have had another positive drill result at Pepas. Surely we deserve to be alot higher. News cannot be far off and in all likely hood positive news is certain to drop next week.

Have a feeling some big news is going to land. Interest is surely going to pick up now.