Member Info for Chickenlegs

Stagflation 2.0

Jackbal by now I'm sure you realise Brad is woeful with timings and best adding on an extra few weeks from what he says. I agree though it doesn't help. Healthy to see the chat board lit but still very little trades going through.

Mamba thanks for the info on the 121 slides. I knew that slide (sampling) was different to one he has made public but couldn't make out what the content was :). Nice sampling....any other info on it?

That's the issue. It's not in majors interest to let little old Omi get too big for their boots (especially if the end goal is to buy Anza)....
Conversely this is why some consider that majors walking away and still retaining 100pc of Anza and then securing funding ourselves to produce Apta may be a better strategy longer term, though market would crucify that near term.
As much as people don't want to hear it, it seems that the most potent tool in omi's armoury is their virgin joint ventures and having some success at these areas.....this is variables that the majors can't control.
Brad is an issue, clearly, but I also think at this critical time his hands are tied as his main focus is for the majors to sign on the dotted line. His modus operandi will be to ensure phase 2 is signed and trying to gain as much concessions as possible without it being detrimental to Orosur..with the problem being he is not in much of a bargaining position as unfortunately we do need the majors more than they need us. Plus Newmont are our largest shareholder, it would be catastrophic for the rest of us if they took away that support but I'm pretty sure their might has a gagging influence on just what is made available into the public arena by brad...mind you the directors could be holding a good few more shares in their position. So jackbal as you put it it's a blessing and a curse...but still more favourable than alot of aim companies. At least we are drilling, hopefully that picks up as a few good results will really make a difference.

Everything is basically on pause until we get notification of phase 2. We might get a few results before then, we might not. Actually at the point I'd prefer all results after phase 2 confirmation RNS. This is due to the fact that it's likely then we'd get more than a few holes and a steady stream of results thereafter. It is also more likely we also get some kind of drill plan once dotted line is signed. I'd imagine Brazil is probably near ready, if not ready to action to whatever plans they put in place, but waiting on phase 2 which is going to the wire by the looks of things though I don't think you as a major drill since tail end of April/ beginning of May to then walk away and get results after your deadline. Speculatively tho leaves a bit of time to get a top up in :)

As bhargav pointed out if could be the last RNS is a sticky issue where he got in a muddle with pepas and pupino. (To be honest it's a bit amateur but by now it's more than expected)....but I am expecting decent results to come out of these areas over the course of drilling and of course still a few trading days of July so could still theoretically come this month. A delay for that reason would be most welcome though. At this point we are holding price so I'd be reasonably happy to sit and wait for it to be closer to phase 2 news or something along those lines. I'm taking solace that they've been drilling for a good few months now, seem to have 4 rigs on the go...

Well only a few 3 more trading days left of July. Will Brad break a habit of a life time or not is the question. What a slog this year has been so far. This is due some barnstorming news.

Wolfy I also agree to an extent though phase 2 brings a certain level of security and payment which I think could catapult that spike higher than 20-30pc. I think one of the things people are discounting is the ongoing drill at pepas and pupino and if a bit more than a scout program there emerges and also content of grades that come from the drilling that's been going on months now there. With phase 2 activation we will also see Brazil spark to life and Argentina will be reactivated after the harsh winter. I expect directors to add once phase 2 is announced. If they don't then they are truly charlatans. I agree spike on phase 2 news with then a bit more added interest when the picture emerges. If details of significant drill plan comes I think all of a sudden things will look different here. Clearly nothing really going on until the majors say ye or nae officially.

The irony is the 3 pound trader holds more than Nick and if pops away pocket change for the year, will hold more than Thomas just a few of our fantastic directors!

Come on now Brad is intent on letting the drills do the talking :) strange they'd take so much from this dog. Perhaps they know big things just around the corner...

Or not.

If an investor meeting is set up in London and no one is around to attend it, did the investor meeting happen?

Where art thou pp?

Is this the bottom? Are there anymore brave hearts out there?

Zzzzzz.....going to homebase to get some weedkiller. Absolutely hate gardening but rather do that than watch the buys roll in here :)

Yeah I agree I think majors will commit to phase 2 though I'm not that bothered if they walk away. I don't think they would have bothered drilling pepas and bringing extra rigs as some results are surely going to come after deadline date. AS Webb's says if the MMS smash the share price if they didn't sign up (which they would) if the majors do then surely it is also going to start significantly higher off the back of that news. At this point the herd arrive.....They've started the north, I think they'll continue with more rigs now they are there. As bhargav states this next set of news may only be a hole, as the 2 deep rigs came later, (though I also think it may be more than 1) and I have sneaky feeling we will get more than just the holes.. so will be interesting to see what we actually get. For me I've waited this long, what's another few weeks. Good time to get your golden tickets though what with wider sentiment in the sector and in the share performance currently.

We know we are sure to get another Colombia update sometime in July. If it was just a hole or two from pepas, even if good results I'd be happy at the results but disappointed that there is not much more information. It's not inconceivable that news around phase 2 may be included with this, or some kind of plan for the northern area. A phase 2 extension and a significant northern drill program announcement would fire this. Brad has only divulged that it's scouting in the north so far with 4 rigs now. I want to know how many metres are planned to be drilled/ being drilled etc. We used to get this info? Surely there has been some communication re phase 2 going on currently also. Can't imagine the majors will wake up one day and go we are extending or not on the day of the deadline. They should have enough data from all their sampling etc and it's 8-9 weeks or so off a decision so I think everybody should have a fair idea what's going on or will happen by now. Apart from us of course. So for me I think this next Colombia RNS is going to be a big one either way. Only my thoughts however :)

Sadly the 5 pound buy is five more than the directors have added in a long time...

Seingred is speaking sense it's clearly a red flag that the directors aren't willing to dig deep in their pockets to back themselves. Are they skint? Doubtful they are on way more than the average Joe holder. Do they not rate the asset? I doubt that also. This was the asset to bridge Uruguay production but has been steeped in delays and majors don't come into the fold if it was poor, especially early doors when there was elephants in the mix..so what is it? Seriously. Are they trying to keep on the good side of the majors as this critical stage? Personally that's what I think it is. Publicly they'll never divulge that tho. So higher level politics and we must cede that Newmont are the major holder here so there must be some amount of pandering to keep them on side. Brad talks about it being a hard story to tell. It's not really...there is other ways to tell this story and a more savvy leading figure would be squeezing the juice out the lemon and backing himself... he's telling it with the brakes on. But I don't think that Brad is a)stupid or b) unaware. I don't know where that has come from or if that will genuinely improve into phase 2. We will find out with these pepas drills and also if anza is all that. Despite our directors....if the majors sign the dotted line then we know in our hearts that the area is attractive and must be big or at least the potential to be big. I do however see Brazil being a joker amongst the pack. If we ever get news plans for it. It would be quite easy to get some much needed revenue from there if we ever get the news we started it that is.

Get your in hands in your pockets Omi board. Let your buys do the talking :)

I can't see that if we get an extension into phase 2 that we won't see a significant rally. As Dr Remington states there will be plenty bailing at 1st sight of a rise/break even as many are underwater. So for it too hold it would take something special. Volume is thin. I'm assuming most investors in current climate are nursing heavy losses so profits from other stocks aren't making their way here, I personally don't hear much about anybody winning currently and of course day to day money is tight for everyone with the cost of living squeeze. There will also be a bit of uncertainty for Orosur itself. Will phase 2 be signed or will majors walk away? Quite a big ask for punters to make that bet when they have slumped from 40p high to mid 7p. So at the moment we are left will loyal shareholders buying when they can in a shocking market place and at a stage where sentiment for the market and Omi is at a serious low. Could also be that perhaps it may be wider market looking for certainty here before committing further. Orosur itself has a decent balance of $4 million and if phase 2 is committed will see a further $2 million coming into its coffers . We also know phase 2 then brings another $20m to Anza over a 4 year period minimum which would be off book. Cash burn not too bad, obviously two new projects on board might swallow up a bit though the initial terms are reasonable. Brad seems confident phase 2 will come, and it will be drill drill drill. It's a pity he hasn't helped himself to some since that interview. At the moment it's taken with a pinch of salt but with strong conviction that it will be realised. If it is the case brilliant for us, but we need to see that in RNS to be taken seriously. Some might look at all these miners that have had 50pc to 80pc as bargains. I think we are a bargain as I think value can be added here over the next phase substantially through all our projects from our poultry 14million mcap.