Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Presentation tonight according to Twitter Art. Yes, they'll be no delay in starting exploration. The whole ball will be in Brad's court, no excuses now. Like others have said, the majors wanting payment when in full production shows they see this likely. Buritica one of the worlds largest, ultra high grade gold mines next door is producing up to 9 tonne of gold per annum.
Johnstoneo, yes I 100% think drilling will start in May. Previously Brad has been at the mercy of the majors, that won't be the case anymore. He'll not want to waste any time on Anza as when we inherit the full project, we also inherit the license fees that come with it. Gday.
The fact is, Anza is coming back 100% of it for zero upfront cost. Current cash at bank is 40% of the current market cap. A raise has recently been done, the first in 3 years so non due. Anza is a top project, in a top region for gold. Drilling will start in May. $30m plus spent already on exploration. Webinar tonight from Brad.
What do you mean by that Islandgirl? The NSR and cash payments upon $15m payable upon meeting ‘certain production thresholds’
Meeting certain production thresholds, so once / if Anza becomes a mine then they will start paying the majors back. How many years away will that be. Here’s hoping Orosur do pay the $15m back as it proves Anza will become a viable mine. I think we’ll see something in the terms stating the majors can buy there way back in further down the line, again this will show Anzas potential. I’m here for exploration on Anza, Pepas the walk target will be drilled starting in May. Previous assay being 150m @ 3G/t from surface. Once drilling starts and Anza deal is complete then hopefully we see some recovery in the share price.
Starbright, have you read the RNS?
"After such a long period in abeyance, we are excited at the prospect of reassuming ownership and control of Anzá at this time of buoyant gold prices and heightened market interest in precious metals. Most importantly, the structure of the Transaction whereby all consideration is deferred and contingent upon production allows us to immediately direct our resources into the ground."
Funding, extensive field work findings? Chicken, tried finding Orosur group on telegram and people from there to no avail, could you message me on telegram? Cheers
It says by end of April and drilling in May. I think he may have overshot it with this so for once it will come early as the pens poised made out it was very close, obviously he’s took heed of frustrations within that.
Well there it is, Anza coming back for zero cost. Should be within a month. This RNS makes the pens poised look even dafter now, pointless tweet.
In my opinion, once we get Anza back which as Chicken says had in excess of $30m spent on it, two areas drilled Apta which is estimated to be 2m oz plus. Pepas looking very good, the same or more and from surface. £2m cash at bank. I personally think £5m market cap is a very good buy for investors.
A legal wrangle with our largest shareholder… That'd go down well, it would signal the end for Orosur in my opinion. Pens poised signalled terms are agreed and the end is near, I wouldn’t worry about any other outcome now than Orosur getting 100% of Anza back.
Anza will be back in Orosur hand fairly soon, pens poised spoke for itself, by beginning to mid April I reckon.
Phone broke, just got a new one and got telegram back on new phone but all groups have disappeared. Tried searching for the Orosur one but no joy, so I’m out for now hence why I ain’t been on for the last week or two.
I’ll be adding soon, just waiting for the right time / price.
They'll raise for exploration on Anza, which i'll be more than happy to see. Most likely Q4 of this year. Or they may find a partner to fund. By Q4 of this year aslong as Pepas is being drilled to some extent and we have been privy to all previous information gathered by the majors, then i think the share price will be substantially higher than it is now.
'April or May in timing when they need more money' Please explain.Do you mean 2025? They just done the first raise in 3 years for £500k and also have approx £1.7m in the bank. Why would they need more money within a month or 2, please explain.
MMs hunting, dropped it right down but couldn't buy. Back up to 0.385 on the buy now, still hard to buy, can't get a quote over 4m.
CazBraz, or maybe the amount of buying has pushed the price up as there's hardly any sells.
https://twitter.com/cpec_official/status/1770338687475122480
china stands ready to work with ****stan to build an upgraded cpec: chinese fm spokesperson
maybe this could explain the interest somewhat.
Gold surging higher, broke through $2200. Great to see.
Karl the purchases the directors have made have been pathetic to say the least,insulting to share holders even. If they wanted to support the share price then maybe £80k instead of £8k may have been more substantial amount. Once the company is back in there hands we should bring seeing numerous director buys annually for substantial amounts, they have decent salaries so there is no excuse. ‘They don’t want to lose money‘ Who does want to lose money? No one, yet they’ve consistently missed deadlines amongst other factors that have caused you, me and every other share holder to lose money. Soon they will have a chance to rectify there errors and attempt to finally bring shareholder value, which I believe will succeed.