The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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.
Can sell a million in one go. Someone wants shares. 17m is nothing, can do that in one days volume.
I suppose you’re right Johnstoneo, he’s loving people biting. Speaks volumes though when someone is adamant a stock is rubbish and spends half his time on the board. 1 strap closer to the big RNS.
Well Lee and Matt, I’m glad I’ll be here to see you eat your words. The fact is, current cash at bank is about 1/5th of the market cap. When Anza comes back, with Apta already being a couple million oz and Pepas looking even tastier it’ll be interesting to see what the market values it at. I guarantee it’ll be more than the current 4p share price. And I’ll have you a wager OMI won’t tank. Colombian politics getting better, Collective making waves there and getting financed well. Orosur could potentially be one of the picks of the AIM market. Let’s see how Brad manages now he’s off his leash. That’s me done for a Sunday, ill try and enjoy this terrible £7 pint at Lego land. 😁
Yeah Sotolo called it right massively, holding from £2 down to 2p. He’s sat on a bigger loss than anyone else here surely. Thes one who got it right sold on the several runs up to 40p plus last time. I think anyone who added substantially around 2p-5p will have called it right too. Leematt…. You checked his post history Bhargav… I personally think this time next week we’ll be 7p ish. Time will tell. Were all here to make money, no on wants to see anyone at a loss. Leematt is trying to influence people with negative bull, he’ll turn positive once he buys back in.
Sotolo, sorry you held through the transition from miner back to exploration company. That was some time ago. Good times are due again, this month has flown. The return of the keys to Anza are very close. Easy gains coming soon. Even Leematt know this he just wants a cheaper entry. He was predicting 15p only a couple of weeks ago, check his posting history. Obviously sold out and wants back in. Good luck all.
Has he missed the numerous break outs at lately? It’s been low 4s to high 5s numerous times, 2s to 4s. There’s profit there not to be sniffed at. Think I’m going to block him, he brings nothing to the table. The timescales expected for the RNS has always been back end of April and beyond. He got spiked the first time in the 5s and is now a bitter man. Likewise in HE1 by the looks of his posts. Creating a new title constantly bringing down the company and CEO, his agenda is very clear.
Can sell almost 1.1m shares now at the same price as I can sell 20k shares. That’s by far the most I’ve ever known to get a quote for. I expect some volumes to start later. Let’s see.
Leematt, I can currently sell 950k in one go….
I expect the share price to start increasing next week towards the end of April, ups and downs were expected in between and the share price is still double what it was a month or so ago. It’s hard to find the top and also very hard to find the bottom, this frustrates people. Once drilling is underway will the volumes increase? I’d like to hope so. Brad will soon be let off the majors leash which he’s had around his neck the last few years, any positive, negative or neutral that happens here will be solely down to him. I expect a rise quite soon and a few posters to return, PortfolioPower amongst others.
What do you expect Bhargav, people have invested their own money here. No one has made them. Many are happy and positive about the current situation, it’s as good as it has been for years and looking like the outcome could soon be great. Double figures and I’ll be happy anyway. Leematt, I’ll not answer that, you obviously need to do some reading. Though others I see already have.
Brad the CEO will add once the deal is done. I expect:
Anza 100% RNS
Drilling started RNS
Director buys RNS
All within 3-4 weeks. Then I wont’t long for first assays to drop. Perfect time to buy over the next week or so if it continues to drop.
News has always been expected end of April, beginning of May. Not sure why anyone’s flapping. The buying period for me was in the 2s and 3s. I guarantee it’ll be double figures within a few months. Easy money.