Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I added 79k today. That’s me done. I’m fully loaded ready for the inevitable rise. Abit risky buying before confirmation but that’s were the bigger gains are seen. I’ve done substantial buying mainly in the 2s, some in the 3s and smaller amounts in the 4s. A few bits I heard from the horses mouth have now come to fruition, if rest falls into place it should be a good year. Substantial director buys will 100% follow the Anza return. What price they may is another story but the delay RNS could have been intentional to make sure they ain’t paying a premium. I reckon they’ll be happy paying around here and upto 5-6p. Have a good bank holiday all.
Orosur are getting Anza back after it has had in excess of $30m spent on it, they’ll have drill targets in numerous areas. I cannot wait until a rig is in the south for the first time ever. This area has high expectation. Brad spoke of a possibility in the terms Newmont being able to buy there way back in should Anza prove a monster. At the end of the day they’ll get royalties and a cash payment should Anza become a mine. And as others say, they also own around 15% of Orosur so they are far from fully walking away from the project.
Looks like it finished 4.50p on the Aquis, nice turnaround. Gold back over 2300, all good.
Yes, financing is the biggest question / hurdle here. As Seingred says, we need a re-rate before we any raise. Hopefully the board will pull a rabbit out of the hat in regards to this. Could Newmont throw us a bone to get us going, they are our biggest shareholder after all.
Yes, he did mention that drilling will cost substantially less but maybe factor in that they won't be drilling as deep. Feb to April Cash burn was $133k per month, down from $196k per month June - Feb.
Yet on the other hand, the majors will still be paying licenses and other fees until Orosur retain 100% of Anza. I know some annual fees were paid in January, obvious by them so maybe more have been paid up to now also, maybe a slight delay could have been for the said reason. Brazil has been closed off, Nigeria has slowed or come to a halt, Argentina is closed until year end. Cashburn will be substantially less now than it was before when exploration was underway in Nigeria and Argentina. I wonder how much of the $200k a month went to setting up and start of the JV in Nigeria?
The game changer here will the the turnaround of assays, 5 days drilling and then 3 day turnaround for them back. Plus time for to write and authorise the RNS, 14 day turnaround? That’ll be much better than the 3-4 month we’re used to with the Orosur of the past. I see other companies in the region churning them out fortnightly. Why they never used the lab at Medellin and opted for Peru before… The majors agendas.
Post number one. Haha. Is that you Leematt? 22, my lucky number. It could be an omen. See if you’re still here in a few weeks time and see what moods and happenings are on this board. A shame you weren’t here last time when it went from 1.8p to 45p he he. Gold price is much higher now though and Orosur will own 100% of Anza, a project that has had over $30m spent on it. Extensive field work has been undertaken over the last 5 years, which is now in Orosur hand. BOOM!
I’m waiting to add a few, was expecting mid-highs 3s but keep seeing large buys popping up. Around 4p seems to be the base. I think we’ll get the RNS well before the end of May, he’ll have overcooked it this time as anything other than that then he’ll lose even more credibility which with past history is hanging by a thread. Realistically this time next month we could potentially be nearing the first assays from Pepas if we get the Anza back RNS update by mid May and drilling is already underway, which is what I’m expecting. Exciting year ahead here.
One of the main positive to come for me, when it arrives is the board not having the stranglehold of the majors. We’re already seeing a much more PR minded Brad with regular tweets, I reckon he’s going to try the upmost the win back credibility and finally please the shareholders. After all, it is US who pays his salary. If it all goes pear shaped and we get shafted then I’ll be the first to admit I got it all wrong. Though I see exciting times ahead, once drilling gets underway I’ll actually be pleased to see how financing the exploration is dealt with. The big biys are starting to move up now following gold, it’s inevitable the juniors will eventually follow. I expect we’ll see it sector wide soon enough. Talk about the timing….. We’re heading into the perfect storm.
In regards to the placing share holders, for over a week I was able to sell 1m plus in one go, in the mid and high 4s. Why weren’t they bailing then I wonder?
Those buying the placement shares got a good price, though I did better and did the majority of the buying around 2.30p - 2.80p so many had the chance to buy cheaper than they did. I’ll add the final time before the RNS comes, looking likely around high 3s -4p. Good luck all. Volumes have dried up, for now. Got a lot on myself for next couple of weeks so won’t be checking the share price as often as I would normally.
Jackbal, the reason I’m positive now unlike before is due to a release of the restraint of the majors. They kept a lid on things, prevented a lot of sampling, assays and whatever they could coming out into public knowledge. That will now be behind us and looking at other company’s in Colombia such as Collective, then Orosur should / could / hopefully will become a total different company no longer under totalitarian rule. In regards to Brazil, that was initially brought on board when Anza was the sole project on Orosurs books, in theory brought onboard in case something like the care and maintenance happened. Brad is far from smelling of roses, but he now has a chance to change that without anyone in his way. The placing was, in my opinion, to keep a lid on the share price until Anza resolve and for the director buys. Once the new comes and the directors buy then we should see lift off. In regards to Bhargav, many of his points are indeed valid, he’s been here longer than most and knows the company inside out. Though the company is going through a change and no one knows how it will come out the other side, only the board I suppose. From this market cap I see big upside this year. Drilling was begin immediately once the RNS drops and from conversations with Brad I wouldn’t rule out some sort of financing for Anza to be announced in the near term. Time will tell.
Cash balance is healthy for now, but more will obviously be required for exploration at Anza, though once that’s starts it will be more than welcome. Maybe the recent placing was done at a discount and at that current time to prevent the share price getting ahead of its self, therefore allowing the directors to buy at a low price as we all know they cannot buy until the deal is done. As for the 17m placement shares I don’t see too many sells flying through now, I’ve been able to get a quote to sell 1m plus now for about a week, so it’s not like it’s hard to sell. Brazil now off the books as we expected. If it stays around this level or lowers I’ll certainly be adding to my ever growing pot. Good to here camp is getting ready for the rigs and drilling, I don’t think there’s any chance of the deal not happening, after all Newmont are our biggest share holder and it’s in there best interest for Orosur to prove up Anza. The RNS could for all we know, include some way of financing Anza. Taken from the March RNS ‘Further details of the Transaction remain commercially confidential and will be disclosed if and when the Transaction is completed.’
Still easy to sell and creeping up, can sell 750k at 4.46p now. Brazil off the books should get cash burn down. Argentina exploration will now be wound down and more or less on hold until back end of the year due to harsh Patagonia winter. Nigeria steady away for now until Anza resolve and up and running. Hopefully cashburn will have decreased until all the exploration kicks back off.
I can sell easily 1m in one go at 4.28p, same price as I can sell 500 shares. Good to see. Usually hard to buy and sell after an RNS.
‘Concurrently with negotiation of the Transaction in Colombia, the Company has begun the process of preparing to reassume ownership and operatorship of the Project. This involves, among other things, the recruitment of staff, liaising with the local community, discussions with relevant contractors and suppliers and the obtaining of various permits required for field operations. Should the Transaction be completed, the Company hopes to be able to recommence drilling operations as quickly as possible after reassuming operatorship.’
All preparations in place to crack on once Anza return comes, he’ll certainly have overcooked it saying end of May now. Brazil off the books to concentrate mostly on Colombia and Argentina.
By the end of May now, hopefully he’s giving plenty of leeway with that timeline, rather than the other way round. Brazil off the books as expected, all good just a slight delay.
What are you talking about, £3 a share was when Orosur had a gold mine in Uruguay. That’s almost 20 years ago… Times Have changed, this is now an exploration company and soon to be one of the finest on the whole AIM market. Your deluded and no nothing about an investment, you’ve been here about a month as Leematt. Not sure of the other alter egos you have though. People don’t put money in a stock and expect to double there money over night, well some do, deluded ones like yourself. Let’s see if your still here in a months time when, in my opinion, this will be double figures. Pepas could potentially be a resource in itself. Exciting times ahead for sure!
Orosur will soon own 100% of one of the hottest projects on the whole AIM market. Brad George the geologist, will soon show his worth. Director buys will soon be seen. Pepas will soon have drill rigs on it, the first hole produced 150m @ 3G/t from surface. A very exciting time to be an investor here.