Member Info for Chickenlegs

Just seen them pop up. Nice.

Yeah I don't think only 4million will be spent this next campaign. I think the appetite has been wetted via Apta and whatever they have seen to take over the program must be decent enough to make that decision. Have a feeling they'll spend more but we are at the mercy of the majors plans. Do they accelerate or not etc. 10p though that's tough. I'm not too sure on that personally but by the same token 1 pound by Xmas is not happening.

Yeah Sotalo the JV news isn't the star of the show clearly. I think investors just want some news and I suppose since that was expected to drop last week it's been focused on. I'm like you I'm happy to hold and build but I think near term the drills/ drill plans in other areas of Anza are going to be news to look out for. I would like to see some news as well though but I'm completely easy with the situation also. Interest will build even if we are in a lull currently.

Haha jackbal good luck with that. My bet is a response such as everything is going to plan, no news is good news, covid delays yada yada. But your right that tin news is delayed now..... A few thoughts are Newmont/Agnico handover has interrupted the newsflow for that. Time will tell I suppose.

That's true Seingred you took a bit of flack for it if I remember as well. Like I said we are in bit of a limbo but just need a few things to be ironed out. What's your analysis if you don't mind me asking?

Topped up myself yesterday. Hard to ignore these prices and I'm happy to hold and wait. The handover process will hopefully complete November earliest / December and I'd imagine that's when news flow will increase. Sure we could slide a little but il buy then too.

Nookie. If I were you I wouldn't be selling not at this point in time. You'll just be mugged if you are under. Far too much in the pipeline if you are strong enough to hold for a bit.

Basically I mean the upside potential far outweighs the downside potential at this point in time. Can't make it any clearer than that.

Yes Webb's in a completely better place than when the share price was at 40p so even just using that logic these prices are a no brainer. This week we've witnessed what GGP done after a slide. Who's to say we can't follow suit. That's done 35pc in the last 5 days and had more in tank I'm sure. With each passing day the odds are getting stronger we will get some news to chew over. Our share price currently isn't far off the yearly low before June's delayed news and spike which makes it to me the best opportunity since then to top up or enter. These prices won't be seen again especially when a drill plan is in place and the rigs are pulling out assays. I personally think we've bottomed now but being binary you can wait for a little cheaper or you can buy now and hold. I don't see us at this price end of 2021 and moving into 2022. Usually waiting here results in you paying more as it's quite spiky and we are pretty much in my opinion bottom of the last spike now. I'm going to buy tomorrow anyway. Keep building my stack.

Wayne's answered this well. I agree could be next week, could be a month or two. Depends what sort of news your looking for. There's going to be plenty moving forward but it's hard to pin point when some will come eg JV which was nailed on for last week (never came) and outstanding assays which I thought would have been after the Loryser escapade (still outstanding and quite the delay on them). Most of us have had an educated guess and failed. For me it doesn't really matter. In my mind it's just creating a back log that we will get eventually which completes the last drill campaign and once handover is complete I'd imagine we'll get details for the next drill campaign which will be on the plans of our major partners Agnico/Newmont. I'm sure they have something up their sleeve cause they've seen enough via Apta and ? Blegs (not released to us yet) to take control of the gig.

Thanks for the kind words. I think a few of us have been holding the fort while you were on your hiatus but it's certainly good to see you back. Full of ups and downs, but would you want it any other way :). I really think after the handover is complete - 2022 could be really spectacular. Especially if the majors, as TP and some clued up investors expect, accelerate the program with multiple rigs in multiple areas. For me personally find gold in these other areas it's showtime. Hence it's a great time to buy currently.

Good to see you back bhargav. How long ago was your last post on lse? Not much to shout about just now but I'm happy with how things are progressing minus the usual drift in what was billed as our rich news flow period. News hasn't been forthcoming but the news is still there to be released at some point... It's not a matter of if there will be news it is more when it will be released. Hang tough is the name of the game.

Haha clearly none of us on know for sure. If we did we'd be working for the FBI finding missing persons... I thought he maybe would try and stay away from Africa although beings value and would be cheaper, politically not the most stable etc and my thinking was Australia probably too expensive? Will be interesting to find out for sure tho :)

That's the million dollar question Sotolo. Looks like the tin play was brokered via Brad's connections....Brad rates him highly. In many ways Meridian share alot of similarities with Omi. I personally think it will be a good fit. The criteria will no doubt be cheap in a decent postcode and early stage, clearly that means that the potential future JVs will have elements if risk. Omi don't have the funds to buy a sure thing in the best areas.... The one thing I have no doubt on is Brad's credentials to spot a potential winner tho and to keep the costs as low as possible. My guess is he will stick to South America though but it's only a guess.

Alot to play for. People forget about the postcode Anza had and there are a few solid finds within this province. Columbia is mining friendly also as they are trying to move away from coal - the mines and energy minister is on record as saying metals are the future. Here's an extract from Reuters

"The coal sector's problems have accelerated during the coronavirus pandemic, Mesa told Reuters in an interview late on Thursday, forcing the world's fifth-largest coal exporter to weigh how to quickly broaden its mining industry.

"Metals are the big opportunity for Colombia because they're the minerals with the greatest demand," Mesa said.

With mining concessions covering just 3% of Colombia's territory and mining operations in less than 1% of the country, there is great opportunity, particularly for gold, copper and nickel mining.

"The country is practically unexplored, almost in its entirety," he said.

Four copper and gold projects, including the Quebradona and Gramalote mining developments, will be fundamental to diversifying output.

We are in a hot sector for this country and one can't ignore that. There will be challenges along the way but Omi has bags going for it.

I've thrown the kitchen sink at this and pulled out of a few notable junior miners that have been the darlings of the last 18 months. Money I've made has been filtered here. Nothing against them, they still have a lot going for them but for me the rewards can be even greater here from where we are at our current mcap. It's a calculated gamble on my part admittedly but one I was more than happy to make. Researched the absolute crap out this. It met most of my key investment indicators low mcap, longer term project, major backing, decent jurisdiction, funded, solid bank balance. One thing that I like is skin in the game and currently there's not much skin in it by the directors but there are performance related options built in for key milestones. I also believe as this matures we will be in a higher gold price environment. I was also concerned that some stocks have overcooked from covid and there is a bit of a bubble that I personally think will pop at some point. Although junior and not producing it's defensive and in my eyes has scope to bring real value. I have an inherent belief that we are sleep walking into harder times economy wise, the government are doing a good job pulling the wool over your eyes and printing money like it's going out of fashion. We are seeing indicators that all is not well - inflation is here even if they care to not admit it. So basically in a nut shell this fits in to my investment criteria plan for the next 5 years and no matter how I cut it, I keep coming back that is a solid junior play. Much more solid than a few that get much greater publicity and ramping.

Jordon it's not been a great year for the share price but operationally things have went to plan. I sincerely hope not just for you but all investors that we will reap the rewards in time. The majors haven't taken over the reigns cause it's a duster. Keep the faith.

Hopefully in time my bank balance is too. Either that or I'm going to be a pauper.

"Orosur’s Board has also noted repeatedly in investor presentations and webinars that big companies like Newmont and Agnico need big projects (i.e. a +5 million oz. Au field). They therefore will have held off on any decision to take control until gaining sufficient comfort that Anza offers this potential, given that they already have multiple of other exploration projects and joint ventures of this scale also demanding attention. Drilling at APTA has demonstrated there is an underlying resource, while recently presented the regional mapping suggests a high likelihood for repetitions along strike. With the decision taken and the JV agreement permitting an acceleration of the individual milestones, however, TPI now considers it likely that the Project’s development will be moved into a much higher gear". TP

As stated we are in the handover process to the majors and the project is still early stage. Investing now although volatile with spikes and drops is the best time to get in. That is if you can hold longer than 5 mins.

Yes newsflow has come to a bit of stand still but for a potential investor or current holder your investing in a company that has the keys to a potential 5 million plus resource that majors are keen on. Not only that Apta was a success and the likely hood is that other areas of Anza can be just as fruitful and even better.

Wayne touched on La Cejita. Looks lovely. Can't wait to drill that bad boy and see what we uncover. Once the handover is complete the signs are that the project will move into a higher gear. So we are in a bit of limbo currently but orosur are working on bringing shareholder value through the JV route on other projects and I've no doubt we will get news on that front through patience. In conjunction with this the majors will be working on a drill plan for Anza and will be executing that plan to a tee to maximize Anza's potential resource.

It is of my opinion that the share price currently and the current mcap has potential to really pick up as the drills accelerate and as the picture of Anza becomes clearer.

If this strikes it will really strike and there will be alot of rich people on this forum. It will take time though to mature so the question to yourself should be am I prepared to take a risk on a longer term project now basically at the start of its journey in the knowledge that if hits it's going to make you alot of money. Your going to have to have thick skin and re-iterate a risk which may not come off but the rewards could be truly life changing for some.

This is why some of us are accumulating as much as we can because we believe in the project. I can't tell anybody what to do as your own money but I've been firing as much as I can to this as I believe in it 100pc. Sometimes you have to take a step back and look at the bigger picture.

Things are going to plan here although the share price and drift currently doesn't agree but for me with such fundamentals I'm happy and hopefully

Buckled up and strapped in here. Comms are crap but with major backing and a healthy bank balance further areas to explore and potential JVs in the pipeline what's not to like apart from share price performance and communication. I'm invested for the asset and with it being a 4-5 year plan there will be plenty more twists and turns to get excited about or frustrated about I'm sure. Frustrating tho when someone buys in and sells two days later cause it went down 10pc and they can't stomach it. Beggers belief they are in the game in the 1st place.