Member Info for Chickenlegs

This one's under the radar for sure.

Completely comfortable with the situation. Funding is secured for the next 4 years of drills in Colombia which will more likely be spent in two. It's only the start of phase 2 journey and so much more drilling news to come over the next few months and beyond which is a great place to be invested in. Alot can happen within that timeframe, obviously the sector has been in a malaise for a while and the investor environment is such that when you get a profit you have to bank it. Gold price has been put on back burner with inflation, strong dollar and rate rises but eventually these factors will ease and we will see gold go on a renaissance. This will be a really good place to be when that happens. As we know this gets serious legs from drill results or other positive news factors. Just try and zone out of daily timeframes and see bigger picture which is emerging here.

Wolfy in theory they should be close together and begin to be reported in a cyclical fashion but then are we going to be restricted to the quarterly Colombia update? It's a good question for sure. One I cannot be certain of yet. Picture will become clearer over the coming weeks I suppose. Brad's timings have always been a bit iffy to be polite, but they do eventually come through as well. He's pretty straight talking in that regard so when he says let the drills do the talking and then a pep01 lands, I do take that at face value. Of course there will be dud holes, thats got to be expected, but these 1st 9 holes have been drilled to get a better understanding and to then home in on the most favourable/ interesting areas. If the delays due to high grade assays that have to be re-tested, I don't mind that. There is alot too look forward too... I just think folks expectation has to be reigned in a little with updates and the share price going north every day. We know by now it doesn't work like that unfortunately.

Indeed bhargav. Forget the dailys when you see pp appear throw the kitchen sink at it :)

Also there is no talk of winding down works here it's all drilling and identifying the best targets for future drilling. We are quite literally going drill crazy at the moment.

Buy/ sell we all have our own timelines and strategies. I'm not perplexed either way. If you've been here as long as me and a few others the trick is to position yourself to take advantage of both a fall and a rise and not sweat to much if you find yourself under water....The beauty here is you can make money but can also lose it as quickly as you make it....thats just the way of Orosur. It can be very difficult to get your hands on them when you've traded out and are looking to get back in, hence why a few people are accumulating at pretty much any price up to their accumulation point. Looking at the merits of Orosur however we know fundamentally that everything is moving in the right direction. We still have pep04 to pep09 to be reported. We can't discount the find at pep01 and the fact that the majors have repositioned the pad at a better angle to strike it. Now that's exciting as when that is reported it's virtually guaranteed to be a hit and a juicy one at that. The problem for the trader is that no one has an idea of when the outstanding holes will land or that of the repositioned one. Brad said in his interview they knew about that hole 2 months ago. It could be that it's been repositioned quiet some time a go which will mean it could land alot sooner than some believe.

Good call Greg, that's the thing, Anza funding is secured for next 4 years and with strikes at not one but two areas now the story is starting to build/ unfold. People will be at different stages of their investment journey but anyone with an interest in mining and in particular the junior space should make some room for this in their portfolio. There is a real shot of value/ share price growth here.

I back this up also as I have some money on the sidelines waiting for any weakness that will be given. We seem to have settled around the 14p however and I think it this price holds people will start buying in

The Canadian exchange volume is pitiful, that 20pc movement was only on a few thousand traded. Did notice in April there was a few days that their volume for them was massive....is that coincedence for when majors started drilling the northern prospects? I would keep an eye on volume there and not necessarily the movements in share price. Though obviously a nice rise with nice volume could be a good indicator for orosur holders. I think we tend to lead them when we are flying.

Fact of the matter is this has been de-risked considerably. Of course there will be a bit of profit taking after a rise etc. Suits me though, happy to grab some more of these cheaper so by all means please sell so I can grab some more. I do think there is others who maybe sold previously will look to be getting back in. It's a good bet moving forward.

It is ridiculous gregpeck. Smart money will be moving in and if happy to hold for next two years and not worry about daily fluctuations hopefully should do well. Apta threw interesting results, the majors have moved away but it is still open in directions and at depth and the hole from pepas which is 12km away is certainly interesting. These aren't even the most fancied areas. Looking forward to constant drill results from Colombia and as a side bonus see the minor projects moving forward also.

Indeed Johnycash. The potential here is mind boggling. Wouldn't mind us drifting a little mainly as I want a few more cheap shares before we start getting results from other holes but I am not entirely sure that is going to happen despite what the derampers think. Some healthy buys going through here at 14p and when we dipped into 13s. Nice support at this level but time will tell I suppose. Will be interesting to see if we can have a steady stream of results now. Expecting to hear some news from Argentina/ Brazil in next few weeks which will at least help with keeping updates reasonably regular. Not sure how much work will realistically be going into these as I would have thought the 2million payment would have been used for them, but it could be with still healthy cash balance that Orosur will press on with plans in these areas in he knowledge that 2million will be coming in January 2023 at the latest. There are warrants to aim for by tail end of year and if triggered would be a decent war chest for these projects....Real value can be added, especially over the next 12 to 24 months. "We look forward to accelerated exploration activities during this period". Brad did say "drill drill drill" and he also said as well as a good few long term posters that 2nd half of year would be "transformational". Have to remember that 150+ strong team has been sampling the greater Anza package for the guys of 18months. Majors will have a fair idea of what to target and where to target and when pulling a hole like what was reported, you can bet that there will be many on tender hooks for the next set of results. Excited to be part of this rollercoaster. We all have had our trials and tribulations with Brad, he's not the most gifted snake salesman but if his geology skills and negotiation skills are solid we could be looking at 3 projects with solid potential that can grow over time. With our main one being led by a 150 + strong team with unlimited resources, it really is going to be exciting here.

40million already spent or so? Another 20million probably to be spent over next 24 months. Would love to get my hands on their internal models...

Yes I think Brad played it wrong here. I believe he probably felt the phase 2 notification would have been day of the webinar but for whatever reason it was delayed. I believe he would have been better having the phase 2 news first then the hole news. Would have been a stronger signal to the market. Anyways we now know we are safe in the knowledge phase 2 is going ahead....not that there was any doubt. The spike from 7p was obviously good, but real value should be added ongoing now during "the drill phase". Daily fluctuations are now noise, il be happy for the price to drift to grab more at a lower price but I think 14s are as cheap as it's going to get. They'll be a lot of churn, obviously folks not wanting to get spiked after a good rise but when the realisation comes that we aren't going to drift folks will buy. Rumour is a fund is currently buying in.......not sure if true or not. Maybe someone has heard this too?

Yes 190 million shares in issue, alot in sticky hands. Majors just signalled that this has tier 1 potential. Drilling ongoing, results in the lab, had great drilling at apta, a serious hole in the north, majors escalating works and loads more areas to drill, free carry, majors funding deilling. Great time to hold orosur shares....even sotolo was impressed today and he is hard to please. Says it all.

Opens the door for other news close now also

They'll spend in two

It's huge news. It's basically saying that majors think it's a big resource.

Don't worry pebsi you'll be ok..bit of chess just now. Dynamics are different from the apta spike and crash...where it was at end of a drill campaign. This time they are still drilling, and looking to really push on drilling over the next few years, there's holes to come and true phase 2 notification to come surely. Like I said the Million dollar question is just when we'll get the next update.

What you mean pebsi? For most it was quite an easy date to aim for. Phase 2 notification (expected) Columbia update (expected) and webinar all in around that 6th September date. That's how it rose. Folks piling in for that and in fairness it was worth the wait. It's tipped back after what was over 100pc rise from the 7s. But alas phase 2 notification and further results will still be incoming but at some point. When? That's the million dollar question :)