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Yeah absolute terrible company… a mere £7b market cap… People just instantly negative. Game changing news. Onwards and upwards.
Personally in regards to SHG, I don’t like the jurisdiction at all and I’d much rather be in Colombia than Africa. Seingred you’ve shot people down previously for comparing different jurisdictions now you are doing just that. Whatever anyone says, not many will dispute that an entry here at 4p isn’t a bargain.
‘We continue to work on the completion of the grid interconnectivity feasibility studies in collaboration with SGCC, as well as geotechnical and environmental studies, which will follow soon after, leading us into the FEED stage and future confirmation of potential off-take and financing arrangements."’
Naheedout, conveniently leaving out the rest of the paragraph?
If this happens and we are a percentage holder producing 55,000 tonnes of green hydrogen annually then the current market cap will be catapulted frighteningly.
Islesworthspy, I guarantee it doesn’t take a year, or anywhere next that duration of time.
OMI could see 10 folds from here, thirty odd pence, and £75m market cap. It’ll take every thing to fall into Orosurs favour. 100% project back, a good way of financing exploration or a new JV. GGP market cap sits at £370m, I’d be shocked to see them get their share price over £2b never mind £3b. We can all but hope, I hold both.
Yes, obviously getting 100% of the project is going to cost Orosur somewhat, hopefully in the long run, if / when the mine is built a percentage and NSR, sounds likes that’s what’s been discussed. Be interesting to see how it progresses. I’ll be grabbing some tomorrow, could see a RNS this week possibly on Brazil. Exciting times.
Can sell easily aswell, 600k in one go. 😁
Decent buying this morning on a quiet day. Perfect time to accumulate, tight spread, not much action, GDXJ up 4% yesterday, gold price climbing, news on many fronts just around the corner. Good times ahead. Double digits will be back in no time.
Naheedout working overtime I see.
Yeah a few hundred percent here or there is certainly possible. It’d be daft not to take some profit out if / when that happens. I recall Brad saying Agnico see this of one of there key projects, not sure he’s said Newmont do though I could be wrong. Personally I say a JV with Agnico coming but with renewed terms, that benefit us. Once the current JV has been discarded and we own 100% of the project then I’m certain they’ll be numerous avenues we are able to slither down. Who operating in the region wouldn’t want a possible cut of potentially the next Buritica or La Colosa or better. The Agnico team being privy to every bit of field work that has been undertaken will I’d imagine not want to lose this. If we do JV with them then I’d say they know it’s a tier 1 project in the making. It’s on Brad and Louis now to deliver the goods. Sit on hands or add if funds allow.
That’s a concern here for anyone on the sidelines trying to buy in, like the other day it took forever to get £1500s worth for me. That was on a day with no news and not a great deal of volume. When the update comes regarding Anza and if we do get 100% of the project back then I wouldn’t be shocked to see the share price do 200% plus if we’re still at this level. I’ll be adding soon, while we’re still near the 3s.
Brad did say that they had Swiss investors lined up for if we got 100% of the project back. Rob, he did say in the latest interview that the current JV will be ripped up and any new one will have total new terms. That in my opinion with what our bod have said previously is that the new terms will not restrict news flow. Collective which keep getting mentioned, release news almost weekly from Guyabales with 4 rigs on there. That’s what we need and there’s zero reason it shouldnt happen.
We’ve recently tasted 5p, previous trading levels have been 10p plus before the Anza care and maintenance embargo. October 2020 - October 2021 the share price traded in a range above 14p with much time spent in 20s, highs of 40p. Any raise will come after they have announced they’ve got 100% of Anza back, which will see it increase over 6p at the very least. Then if they announce a JV with exploration plan and maybe even some cash to Orosur… Your guess is as good as anyone’s but I’d say 10p plus. Hopefully higher. But all guess work currently.
190m shares at 10p is £19m I take it you meant Seingred? Did you calculate that wrong intentially? If we did it like that now, which isn’t going to happen, 190m at 4p is almost £8m. But like Rob says, we haven’t raised for 3 years. Look at other AIM STOCKS, some raise every other month. Vast, Prem are good examples. At least the next raise we have is going to be for a very worthy reason, exploration on one of the most sought after properties in Colombia. I’m not ruling out a JV with cash up front paid to Orosur which will mean no funds required until at least next year. We’re in a very good position. From this market cap, theres potential for some great money to be made.
As the Orosur team have been trying to get the product back since the beginning of last year then I’d imagine they’ll have a few different routes already lined up which they can move forward with. A JV looks the most likely in my opinion, possibly with Agnico, but I’d imagine we’ll have several suitors in talks so the terms of any new JV should hopefully benefit us. Expansive field work has been undertaken, even over the last 16 months since the drilling halted, hence Brad stating there are walk up targets ready to drill most notably Pepas. I’m intrigued to see what avenue we go down, nothing can be as negative as the past 2 years. Cash burn is an issue, the setup and intial entry and immediate exploration of the Nigerian JV will have taken some cash, as will the work at Brazil and Argentina. At the end of the day we’ve still got 1/5th of our current market cap in cash and potentially the keys to one of the most exciting, promising projects on the whole of the AIM market.
Nigeria, some early samples showing over 2% lithium. Looking good there, that should positively fill some gaps between Anza news once we get that back.
There’s Friday to deal with before the weekend. Hopefully we see a blue day and try and consolidate higher week on week.
Hard to buy, took 10 minutes for £1500 worth. Can sell over 650k in one go. Good to see.
A good interview finally which hopefully won’t follow with a red day. 100% of Anza back and payment in years down the line… Perfect for current share holders.
Bob, click on my name and check my previous posts. Posted both on here already with the links.
Regards