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I don’t think we’ll be dwelling down here in 3 years time. I’d bail now if I thought that, we could have another placing tomorrow.... I think we’ll see some positivity once Anza comes back. Here’s hoping anyway.
Jackbal, the Anza resolve RNS should bring some positivity as it should hopefully also include some sampling that has taken place over the years that we haven't been privy to. I cant see us getting a massive wall shattering increase in share price though. The reason i'm not adding is due to funds and holding a large amount already. Being bullish and not adding is abit different to being negative and not selling. Adding is funds dependent.
Bhargav* Not Bharat.
But then again, could they have prevented the governments messing around with licenses etc, Newmont buying Newcrest, the majors dragging there heels. Once it’s back in there hands they’ll be no excuses. Each to there own Johnstoneo, many will bail many will stay. If you hold a large amount you’ll be here a while longer than you’d like if you hold a large amount as if lots are trying to bail at once then it’ll be impossible to sell as Bharat has been trying to explain.
Good post Johnstoneo, yes the trust from investors towards to board is almost zero. They’ve done nothing to benefit us whatsoever. Though as Chicken says they now have a fresh start on a project deemed to be tier 1, with extensive field work to hand, Pepas a walk up target already showing top grading from surface 150m at 3G/t. Apta predicted to be 2m oz plus. My guess is they’ll start drilling, show the audience what Pepas has to some extent and then find a partner. They need to do some special to get shareholders back on side, I think many are too far gone and will bail at the first opportunity. I’m sure new money will fill the void amongst a all time high gold price and Colombia moving in the right direction.
I’d say no, neither are good comparisons. What asserts has CNR got... La India has a resource of... They are way ahead of here. Outcrop, are they even on the AIM market? Orosur are basically starting Brad new exploration solo on Anza, something they’ve never done before. Obviously the majors have spent 30m plus on exploration, which hasnt given out too much to the public which was there intention all along. A hell of a lot of field work, sampling has taken place with 150 staff on site at one point that’s where, in my opinion, a lot of the 30m went. The sampling on previous thought untouched sites the market as never seen, even in care and maintenance they had a few Geos still on site. The majors released as little as possible during there time here. The data is now in Orosurs hand, the secrecy will be long gone. I agree there will be dilutive along the way which is expected with exploration at this stage. Here’s hoping the board find someone to help with finance if Anza is deemed attractive enough. For all we know the board could already be in talks? Most of it is guesswork at the minute. The cost of Anza coming back will be nothing up front and payment years down the line, Brad has reiterated this is the last few webinars. I agree finance is the main factor here.
I find the majority of the AIM market do placements at discounts. To be fair to the Orosur board to dilute 9% in three years... You’ll have hard on finding many if any on the AIM market with any less dilution in that amount of time. Still only, and I do say only again, comparison to a hell of a lot of other AIM companies Approx 220m shares in issue. We just need to see the board lead from the font now the noose of the majors is not around there necks. They have no scapegoat, no excuses, nothing left now. Regular director buys should be expected if they believe in Anza as they have always expected the market to. Seinngred I know you’ve shot people down for comparisons with other companies and I will do so with yours and Collective. They are a total different beast,I wish my money invested here had been put there instead. I’ve been following them closely and very much like how they operate.i know Brad obviously has as well, let’s hope he takes this on board and carry’s it forward.
Yes Imp, but in our current situation, with nothing really happening Orosur were never going to raise at zero discount. Maybe deep in to drilling if Anza proves to be as tasty as we all think then they may get financing like that. Though this is AIM, 25% discount is almost the norm. HE1 recently did a raise at 30%, Alien Metals last one at 29% for instance. The different is if they raise on TSXV the max discount is 25%. Hopefully they find a funding partner of some sort to progress Anza.
Well when the main asset has been sat in care and maintenance for 12 month with no exploration and it’s looking like that’s going to change fairly soon then why wouldn’t you be fairly positive. It’s no coincidence Johnstoneo that you’ve turned up out of the blue, apparently held here for years but have never posted throughout yet your now constantly on here posting all day. Maybe just me thinking it suspicious.
The money will run out, you could say that about any company, anyone, anything. They’ve got enough in the bank for a years worth of salary, they’ve got the £500k ish from the placement for the immediate drilling of Pepas once Anza resolve comes, they’ve got the warrants at 4.45p... Do you hold a large amount Johnstoneo? Not seeing any sells, not sure why the doom and gloom merchants aren’t bailing when they are so bearish? Sounds to me they are just trying to get the share price down to buy. If so many opportunities to make quick money elsewhere, if I had zero confidence here I’d have no hesitation at taking a loss. Baffles me at times.
They’ll buy once Anza is back in there hands, it’ll be in there interest somewhat to get the price up and sell there story.
Realistically, who cares about the the other 3 projects when it’s currently all about Anza resolve. I wouldn’t even waste a second of his time asking about them until Anza RNS has been delivered. Argentina will be close to shut down for winter then will likely be drilled by start of next year. Brazil is obviously out of favour and I imagine could be on the list to scrap. Nigeria results are probably due anytime and will likely drop after we hear about Anza.
Seingred, I understand massive differences between Anza and Buritica. This is the beginning for Orosur, owning 100% of Anza, benefitting from work undertaken by Newmont and Agnico which has cost north of $30m. Massive amounts of field work undertaken of previously untouched areas of Anza. The south will likely come next after Pepas after sampling results taken from the majors. I was being conservative with my gold estimates and I’ll also be conservative with my Orosur share price estimates, but from 2p anyone who manages to accumulate down here should do well in my opinion. 10p within a year is a 4 bagger. I’d happily take that. Let’s see how it pans out. Good luck to all.
The end game according to the board has always been the sale of Anza. That’ll be years away. Near by Buritica sold for $1.4b. If Anza was to achieve just 5% of that, thats almost £50m. Though as I said, it’s not even worth talking about yet, potentially years away. What gold does in that time is another matter. It could be multiples of today’s price. I expect $3k Plus within 5 years time.
Sometimes the market cap can get massively out of hand, like GGP did, I suppose like here did at 45p. Once drilling begins it’s a whole different ball game to what we’ve been, pepas will 100% start of with a bang, hopefully the board secure some reasonable financing amongst a gold bull run. From 2p even seing red must agree it worth a punt.
Yes it was Apta that was estimated to be 2m oz plus. The board are obviously now privy to all the field work the majors have undertaken on Anza, some sampling results have come back ‘very juicy’ These should hopefully be released to the market once Anza is back in Orosurs hands. There’s certainly no denying that Anza is a top, top prospect, let’s hope the board can bring themselves to that level and finally delivery shareholder value.
I agree, i'd rather now see them buy if they're going to buy joke amounts. It's insulting to shareholders when they buy in the tens of thousands. Hopefully they'll buy at least 500k to show confidence in themselves for taking this company forward. Realistically, they should be buying millions at this low, joke price.
They will be a very welcome site once they arrive, hopefully they will add frequently once the company is fully in their hands.
99% of exploration companies have no income… We know what we’ve bought into. They’re far from smelling of roses at the moment, but they’ll soon get the chance to alter that without the previous JV stranglehold. Director buys should / will follow Anza resolve.
I agree, they now need to show their worth. They have no excuses.