Member Info for Conduitpr

19p certainly feels like the bottom. RvR from these levels feels compelling with the drilling to come.

Well then why moan in the interim for you're intending on holding for another 18 months!?

Sell up then. Whilst I haven't checked forensically, my gut says the majority of other explorers are also finding it challenging currently in terms of share price.

Other explorers and miners haven't really fared well over the last few months Sharetrader. I'm sure you could find 1 or 2 examples that buck the trend, but the broader sector is not doing well currently and it's risk-off for now. No reflection on OMI's assets and its potential.

100% the US Iran nonsense weighs heavy on this and the sector generally. No needle moving company news though either.

Number of chats almost outweighing number of trades!!! Laughable in here currently. Newsflow in short supply and ongoing conflict weighs heavy on the metals sector, so derampers have a field day with sowing doubt.

I think it's already been inferred that El P will be on the backburner for now. The near-term prize remains Pepas, Apta and El Cedro. Still maintain that gold miners and explorers are off recent highs due to the US Iran conflict. If and when that gets sorted, every possibility the sector finds itself back in vogue. Always lots of doubting voices when shares pullback and then move sideways. These are the times to buy if you believe better times will return.

The expectations some people have from El Pantano after a maiden and only 500m drill campaign, are ridiculous. Fair to state that advancing El P currently is perhaps beyond OMI and personally I'd like to see a JV, but the upside is we've secured 100% ownership and we've already heard from Brad that a system has been found. Still much to look forward to here from Pepas, Apta and El Cedro

Gold goes back over $5k with an end to the US Iran conflict. IMO it's only this that's weighing heavy on the price, nothing else. I think also, even at $4k, miners are making profits never seen before, so the hysteria over it dropping back from highs to current levels is funny to see. So much exploring still to do on OMI's licences and the balance of probabilities says oz's will be added. As things stand El P has disappointed, certainly as far as company feedback/news is concerned. Due to its size, locale and cost per day to drill and have a camp in place, it needs a JV partner, or it's a case of waiting until Pepas is being mined and producing cash so we can self-fund (years away) or, what I don't want to see (certainly not at this level anyway) further dilution.

Been painful to look in on this board over the last few days. Still cannot fathom why someone bullish here would be remotely bothered in arguing the toss with someone they viewed as a deramper. Still multiple catalysts here for the SP to rerate, but also need to factor in the macro backdrop for gold miners and explorers remains challenging. Haven't researched, so can't back this statement up, but I daresay all precious metal shares have dropped off recent highs through the 1st half of this year.

Thanks Dr. With cash in the bank, I'd like to see another rig getting shipped in. Appreciate prudence needs to exercised where finances are concerned, but given how El Cedro is being talked up, the risk v reward would appear to be worth it.

Anyone any idea on a specific timescale for getting a rig on El Cedro and perhaps why they've not started drilling there sooner?

It's hard to refute the US Iran conflict isn't having a negative affect on miners and explorers. Equally, the newsflow here has been anything but transformative this year, which was touted. As Legal says, any good news would likely be dampened by the current conflict, but I'd personally still like to see more of it regardless. The SP remains oversold at these levels IF the assets show the potential many say they have.

True, it's drill results and wider positive news on Orosur's portfolio of assets that will move the dial, but an end to the US Iran conflict is undoubtedly a better macro environment for gold and other metals. At low 20s OMI remains significantly oversold.

A shambles if it does take until Q3 to get results back. Appreciate it's largely beyond Orosur's control now, but we're talking about a drilling campaign that started at the end of last year!! It's becoming a frustrating hold - 1st May today and still no real new news when this year was ear-marked as being potentially transformative. Patience clearly the keyword here and El P aside, hope there's more regular news to come from Pepas, Apta and El Cedro through Q2.

My goodness this board becomes so dull when people try and refute the trolls and derampers.

I think it's pretty clear from the tweets that Brad has put out, that the costs associated with drilling and further developing El Pantano are too much for a business like Orosur to bear without either a significant equity raise or finding a JV partner. Hopefully it's the latter, but I'm not holding my breath. The fact he's said today we're still waiting on assays being returned would suggest the delay is that and not the fact JV negotiations are happening in the background.

It's a matter of opinion isn't it Legal, but I'd agree this appears to be primed for a rerate from current levels if news lands. It appears to be flagged and the breadcrumbs are being left in some of the tweets, but obviously that doesn't make it so.

Hopefully our 'partners' don't run the clock down on us.

Denziiil, whilst it's great to receive an update, IMO there's nothing materially new and SP moving in today's RNS. If you're long here, it's a case of reading between the lines in anticipation of bigger news to come.