Member Info for Chickenlegs

Sure is quiet here these days.

So in essence if you've held from the glory days of 40p to sub 10p I would say if you can wait it out a while longer it will be worth your while. There is a clear plan for the next 12 months in place which will significant opportunities to make money from here. If your new to orosur or considering investing, only 5pc of the Anza land package has been explored, expect a lot more drilling here in the future but will one will have to roll with the punches, not get too emotional on the swings as it can move either way quickly. Don't be scared out of your holding, particularly at these levels.

I actually think Brad would have done things differently had he been given a choice but the majors have a different way of working and are leading the project so it's good in the sense it's their money paying for everything Anza related bit the downside is your moving at their timetable which doesn't really align with orosur shareholders thirst for the project to move quicker. Below is an idea of what to expect over the next few months taken from Orosur's recent attendance at 121 mining Cape Town.

What recent news would you like to highlight to investors attending?

Drilling is about to restart on new prospects at the Anza project in Colombia. We also have exploration results and programs in Argentina as the El Pantano projects comes into full operation.

What are your key goals for the next 3, 6 and 12 months?

3 Months:
Commence next phase of drilling at Anza in Colombia. Complete next phase of work at El Pantano. Ink new JV in Argentina. Commence work on our Ariquemes tin project in Brazil.

6 Months:
Finalise JV terms for transition into Phase 2 of the Anza JV with Agnico and Newmont. Moving into Phase 2 means $20m spend over 4 years. Commence field work at the Ariquemes project in Brazil. Commence drilling in Argentina

12 Months:
Ramp up drilling at Anza in Colombia. Continue drilling in Argentina at two projects. Potential drilling in Brazil

So my thoughts are we are still early in the game with respect to Colombia judging by this timetable, it is quiet just now but any ramp up of works or drill programmes here will give significant lift, as well as licence approvals/ permits bring gained for outstanding areas. Expect a new Argentina JV shortly as well as samples from 5 holes. Possible drill plan for pepas, with what they will be doing at Apta. We already know deep rigs have been brought to go deeper at apta & pepas, which will be made public as the drills are turning. I expect this come at same time as the 5 hole results but maybe not. This new Argentinian JV in my opinion will be further along and closer to being drill ready than el Pantano. Unsure of the commodity this will be ? Gold but Brad has shown he is not scared to diversify his metals with the Brazil JV so anything is up for debate on this. Brad seems to like Argentina due to cost of works being significantly lower than Colombia also.

Jackbal it's hard tell but my theory is this. The earlier interviews/ webinars brad really went to town on the pump. He was talking elephants and tier 1 and seemed genuinely excited by the potential and you can actually see Louis squirm in his seat at one point in that particular interview, Louis eyes rolled like he was telling Brad to tone it down. Ever since that interview the elephant rhetoric disappeared and I think the next one he said he thought the price had went a bit out of control for where they were at that point in time and then the drift set in, not really because of the next interview but a whole host of reasons. He has since been measured in his updates and has had the "let the drills do the talking" mantra in public. Now I think is this is because 1. Not all licences and permits and fully secured. 2. Majors perhaps didn't like the price running away 3. Majors don't want the noise 4. Illegal mining which is just shy of 70pc of total mining output in Colombia. The Chinese project up the road has had real issues with this as have other companies trying to get licences through the ministry of mining as they've not followed correct procedure re social and environmental issues. I think things are measured as the majors clearly want things to be done properly. My gut tells me that this will be tier 1 in the future and there will be a mine at the end of the rainbow. We do know that samples are a trade secret and have been taking seriously and we have also had via discussion that extensive legal teams have been working in legal aspects. Wishbone is a good example currently of how things can change on the right news. I think they are embarking on 12000m program through various tenements. We know Omi have the folding hypothesis at Apta been proven and the deep drill rigs are going there to find out more. We also know works have started at pepas and will hopefully on next Colombia update a real plan with metres to be covered. Phase 2 for me is guaranteed. I don't think they would have taken on pepas now if there wasn't real intent to move into this phase.

Jackbal it's hard tell but my theory is this. The earlier interviews/ webinars brad really went to town on the pump. He was talking elephants and tier 1 and seemed genuinely excited by the potential and you can actually see Louis squirm in his seat at one point in that particular interview, Louis eyes rolled like he was telling Brad to tone it down. Ever since that interview the elephant rhetoric disappeared and I think the next one he said he thought the price had went a bit out of control for where they were at that point in time and then the drift set in, not really because of the next interview but a whole host of reasons. He has since been measured in his updates and has had the "let the drills do the talking" mantra in public. Now I think is this is because 1. Not all licences and permits and fully secured. 2. Majors perhaps didn't like the price running away 3. Majors don't want the noise 4. Illegal mining which is just shy of 70pc of total mining output in Colombia. The Chinese project up the road has had real issues with this as have other companies trying to get licences through the ministry of mining as they've not followed correct procedure re social and environmental issues. I think things are measured as the majors clearly want things to be done properly. My gut tells me that this will be tier 1 in the future and there will be a mine at the end of the rainbow. We do know that samples are a trade secret and have been taking seriously and we have also had via discussion that extensive legal teams have been working in legal aspects. Wishbone is a good example currently of how things can change on the right news. I think they are embarking on 12000m program through various tenements. We know Omi have the folding hypothesis at Apta been proven and the deep drill rigs are going there to find out more. We also know works have started at pepas and will hopefully on next Colombia update a real plan with metres to be covered. Phase 2 for me is guaranteed. I don't think they would have taken on pepas now if there wasn't real intent to move into this phase.

Very quiet.. Brad doing what he does best, taking selfie photos of other companies loot but looks like he's made it to brazil and rightly so as tin is sexy at the moment. Volume been poor this week tho and quite alot of doom and gloom going at mo, markets tetchy etc. The market hungry for some Colombia action, pepas plans, something concrete to mull over. 5 holes couldn't come back soon enough.

Hopefully nick will do something visible over at Omi. Most would say (apart from Brad) that he has been invisible here.......wouldn't hurt for him to buy a few shares at some point.

Always the case here that on the eve of what is expected as Colombia update we see a flurry of interest. One of these days we will get word of a drill plan, licences/ permits or results at Colombia. We'll have minor projects ticking over, clearly another 1 or 2 JV's dropping and possible injection of cash from bigger fish. I bought more today happily as I can see the plan coming together which will be executed shortly.

Luckily buying now mitigates the need to buy your shares at 50p. Someone else can have those ones :) in all seriousness though it's time to get some. Not when it spikes on positive news, which will come.

Seems alot of people getting their knickers in a twist. Nothing has changed. I'm looking forward to getting some holes back from Apta and getting an update on the progress at pepas. He'll be heading off to Brazil if not done so already and who knows how the conference went. Yeah Dr I'm very close to adding quite happy to take sub 10 sells but not let you add there is just mean :)

Fair comments Dr. We haven't had a sniff of sampling results which the majors have kept to themselves but you only need to read between the lines that they are clearly decent to continue the relationship. Just imagine when we receive an RNS stating permits/ licences are through for other outstanding areas eg see that dog ukog today. Also felt Brad's comment the other day about majors funding off book alludes to the fact we don't actually know how much they have been spending, we know the minimum figure only to keep the JV going. We know institution presentation going down on Monday so it could be interesting next week if Brad manages to nail it. Will the outstanding holes drop before? Tomorrow even? Maybe timed to drop not long after institution buy in. Exciting times.

Yes portfolio. We also have the 5 holes to come back from Apta. Turn around time for Argentina was back to normal so depending on when they wrote submitted those 5 holes could be just around the corner. I also believe they'll add another JV possibly 2. With regards to your statement re land package near Anza I believe this has been negotiated for quite a while and Brad hoped to have "1st mover status" on this. Not sure how far down the line this is but it is fact that he's identified something interesting in the region close to Anza. I'm excited by both Brazil and Argentina personally though I know others haven't been as keen but we will more updates from both near term and as they progress. He stated in interview that drilling started in pepas a couple weeks ago. Music to my ears. I assume the 800m drill depth ones have transferred from Apta to Pepas if the 1200m ones are in transit from Mexico though surely if coming by road it wouldn't take all that long in any case. I think the majors are keen, very keen. If drilling pepas could already be assays going to lab as I type from there.

Alot of buys going through as sells today.

Certainly would be a turn up for the books if Argentinian sampling drops tomorrow and are positive. Brad did also talk of a second round of sampling there in his Zak Mir chat. Previously stated that it would be wound down after 1st round sampling because of the daylight issue approaching so I am just wondering possibly if he has wind that the sampling has been positive and they are squeezing in another round. Maybe getting wrong end of stick right enough. Anyways they are due anytime now.

Of course people can trade and can take a few gains but realistically this has a shot of multi-bagging from here, that's what the longer holders are here for. For that potential. Not 10oc. This isn't quite the bottom as foxy alluded too but I can guarantee its far sight cheaper than some holders currently. People were buying way higher. Including myself.

I would say a few have averaged down considerably. Obviously was a risk to do so and would have been hard to keep doing it when each top up seemingly was underwater further but when Omi moves, especially with alot of potential over the next few months adding now could prove to be a smart move.

Yes finally after a bit poor run....we do look to be in a good place leading into second half of year now

When you have been through the highs and lows as I have but stuck to your guns I don't think any chance of me missing any boat :) though I can see that people look at the chart and thinking this may be busted because it dropped from 40p to sub 10p. Variety of reasons this was the case and well do documented. Brad said this year will be transformational and I believe him. Mainly because any correspondence I've had with him has bore fruit eventually, just not as quickly as some want and expect. Plus I like to keep my fingers on the pulse. Anyways fundamentally this is in better position than when it was at 40p, need flow will crank up which we are starting to see and we also will be drills 3 projects in the not too distant future. Brad alluded to this while other juniors are going to be preserving that balance sheet Omi are looking to get boots on the ground. It truly will be an exciting place to be shortly.

But you haven't factored in what the in ground value may be Phoebus just the spend on the project?

I must add Argentina is not literally a swamp for newbies :)