Member Info for Chickenlegs

What you saying mapp? Your family sold there omi's but you've kept hold of your own?

It is Halloween after all. I don't really get the largish sells. Seems a silly time go be dumping. Has had a good rise though if bought in in the pence. Could be just profit taking/ boredom, who knows. I've being being doing the opposite mainly as I believe in the project, news is backed up and I think I rise is not far off.

90 working days from 7th September tho they felt handover would be completed considerably sooner. Also the latest interviews suggest news on a few fronts should be fairly soon. Prudent to take Brad's timings with a pinch of salt tho. 1st couple weeks of November was what I was thinking. Each passing day makes it more likely I suppose.

One of the reasons why I've not been phased just keep adding when I can. Omi is going to be a dangerous animal if pog continues in this vain. Clearly not producing but if the sector ignites not only are we in for what should hopefully regular promising news flow which I can almost taste, we are going to propel as the sector hots up. Investors are going to start looking at junior goldies with solid fundamentals. If the stars align which I'm sure they will we will be in for a treat.

Even if news isn't this week I can't see us dropping from here. Settled around 15p now last few weeks. Far too much news backed up and coming which will give us an indication for exciting drills coming 1st half of 2022. The interest and volume is almost criminal for the potential. Best time to be adding or buying in tho. Pretty sure there are people adding to their already substantial holdings myself included.

Yeah I've got a fair few tucked away these days myself. Hopefully our patience will be rewarded. Doesn't take much volume or buying for this to fly either with the right news which seems to be backed up. GL all.

So in the space of a day you've went from this could fly to saying something bad is going to happen? Good luck with your investments if your mind changes so quickly.

Don't we all :)

July 2021

"The mineralisation thus far extends over a strike length in excess of 800m and remains open in several directions"

"remaining rig will remain on site and continue to drill at APTA to gradually expand this zone of mineralisation"

"The next major phase of drilling will be targeted at identifying additional centres of mineralisation along the 20km strike of the Aragon Fault, and other anomalous zones".

Sounds like there is plenty more gold to me.

You are right mamba. I'd be concerned if cash was low and Anza was a duster. That's not the case, the majors would have walked but the opposite has happened. The only thing needed is an adjustment of one's timelines and more patience for a few weeks. I quite like the fact that PR has been poor, although frustrating, it's a good opportunity to pick up a few more.

To be honest I've been frustrated at a lack of news but everything seems still to be on track at Anza and we seem to be deep into getting JVs onto the books. Literally they've had to turn an ailing company around, steady the ship and now the company are looking to expand their operations and explorer capabilities which in business and operational terms seems pretty close. Although lean on the news front, I have no worries about the companies finances near term and the company seems to be going in the right direction. Therefore I'm pretty happy waiting as share price and interest will pick up. Omi is in good shape. Alot of complicated matters going on in the background. Just need to give it a bit of time. As I said previously 2022 I expect to be completely different to this year and for the better.

Hi there. It's a great time to get into omi. A few things coming up to get the juices flowing and I personally think we've bottomed and more upside than downside currently (my opinion). Don't want to bore you with the details and I'm sure you will do your own due diligence. Their website, RNS' and webinars would be a good place to start and there has been recent interviews with flagstaff and vox that would be worth a watch. The banks are private investors such as me and you and yes the directors holdings you have read right; they have performance based warrants exercisable. It's been a year of highs and lows and delays. Looks like we are about to turn a corner though and it would be remiss of me not to stress Omi can be volatile. By the same token you have the No1 and no3 majors sniffing all over it. Things look like they'll be pick up in a week or two leading up to next drill campaign. I'm expecting exciting times.

Pretty big point to be fair. Good post.

Ah yes sharetrader123. Couple years behind GGP is in 1st paragraph :)

Brad on the last webinar stated that it's a 4-5 year project from that point and he also stated we are a couple of years off where greatland are (not saying we will do a greatland but there is a chance of doing something similar from our current mcap/ if Anza proves to be fruitful). The terms of deal are in place on omi's website if you want to check it out.

I don't think those terms are completely set in stone, they are more a timeline that could be accelerated at any point if the majors wanted, as is the complete take out of Anza if they like what they see (may never happen). For instance, majors weren't meant to be in operational control until next year when they moved to 51pc of Anza however they chose too bearing in mind Omi still have 100pc ownership at this point.

Remember majors will be moving to 51pc next year and committing 20million MINIMUM and committing to a PFS. The blegs and new areas aren't for show. This data will be used for coming drills. This is why I think it could get quite tasty at Anza shortly and to me it's looking like a multi area drill campaign coming as reference keeps getting made to licences/ access permits.

Yes Webbs I think they were earmarked for early 2021 but sure we were only drilling Apta so did Omi really need them at that point? On that note though you are right to point out there has been delays and a shift in timeline but majors may decide to catch up. Food for thought... and one of the reasons why I think they want them for this year's campaign and for this next drill being multi area/ multi-rig .

Putting things into perspective we have another 6 areas to explore and looking at the land package in time there may be other areas identified. We have also only a tenth of drilling that Buritica has had and the knowledgeable will know just how much of a monster that turned out to be, just up the road as well.

Alot has been made of the outstanding assays at Apta and that of the LOI delay. Remember a rig has been left at Apta to increase the resource potential there which will be quietly going about its work but the main focus and where we as shareholders will get value is from multiple strikes in multiple areas at Anza. One thing I can promise is there is going to be alot more drilling going on here in the future. The outstanding assays and LOI are merely sideshows to the potential that the majors will want to unlock at Anza.

It's worth noting as well we are in 4th year of phase 1. At the end of phase 1 the majors will earn majority stake of 51pc to Omi 49pc. At beginning of phase 2 Omi will receive $2million and over the continuing 4 years the majors will spend a minimum of $20million on Anza (4mil a year and a bonus 4mil). During phase 2 a pre-feasibility also has to be done. At the end of phase 2 majors increase to 65pc of Anza and Omi 35pc and then the next four years majors have to complete a feasibility study in order to secure the extra 10pc of the project. This is a big year for Omi and for Anza, there will be plenty drilling afoot hence why there is working on licences to granted status, the blegs are being carried out etc. Majors want every inch of Anza coveted.

Cash runway is something to keep an eye on Sotolo. Main part of this was moving to tsxv which will bring some cost savings/ may help with funding in future - never know might bring a renewed interest across the pond (maybe). Alot of this update was reiterating what we already know - what it had done has reminded us about the solid finds at Apta, that blegs brought us a couple of new exploration areas and that this data will be used for future drills in the next couple of quarters. Licences are progressing and they have been active searching for other JVs in South America. Tin is obvious one but will there be another? Just need to get the handover over the line and things will pick up.

Seems we've settled into a band now during last week. Surely the only way is north. But when?

He has but unfortunately quite a few have been spiked and while watching their investment erode the least a shareholder expects is transparency and the company to follow its own timetable. Of course there is always going to be delays, nothing in business runs smoothly but he is guilty of pumping and getting a tad carried away. Investors buy into his comments such as elephant and rich news flow period so I understand completely why he has had a backlash from holders. We are not experiencing it currently which has contributed to a slump in price and an assumption of stagnation and boredom. It's also had a meteoric rise from where it was and quite a fall from its high so there is always that to factor in also as well as the sector slump etc. I'm a believer that there is a lot going on behind the scenes that we are not aware of and it's tactical why we haven't been treated to any news. I personally was frustrated myself last week as I thought JV tin would have dropped but I know it will come eventually. Gold stocks are unloved just now and that's a fact but by the same token it's the best time to be buying.

Apologies Seingred I was thinking around a low of 14p myself at most tops but then I personally thought we'd be higher currently. I agree end of year I would be happy with around the 20p plus area. I don't see real headway being made until there is a drill plan in place and timetable of works, areas to be drilled etc unless something truly inspiring comes to light. A bit off that yet. Closer to the time I expect to see the price rise. Jackbal you are right to air your frustration and direct that at the board as this year has been full of delays and expected timelines put back. Totally agree with the comms side of things, definitely room for improvement. It's been one of the things if not the main thing to stop this from gaining any traction unfortunately. The tin has been delayed which has come from the horses mouth but its not fallen through. Still in due diligence stage, so there is always a risk that Brad won't take it on, although I'm pretty confident he'll go for it. How long will the delay be though I'm not certain. Think there is going to be more patience needed I'm afraid. Still anywhere around this share price level is really a great top up/ entry level. I'm happy to stay here a while longer if only to get a couple of top ups in before we start getting news on the majors plans for Anza.