The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
From a phonecall with Brad which was from last year, July I think, Investors were lined up then ready and waiting for if / when Orosur got Anza back. Not sure what terms of dilution etc. that’s the big question.
This could finally be the one. Naheed being totally silent means somethings brewing.
I think the Anza resolve is sorted and has been for a while, obviously Orosur are going to be back in charge as he’s said that numerous times recently. He’ll conveniently drop relevant news once there options are confirmed. Nice surprise about them deeming it one huge adjoining system. I’m sure he’s said on past interviews they’ve always had a few in the field continuing work on Anza? 2024 should be better than this year that is a fact.
I think with his obsession he really wants to be ‘InNaheed’
I meant, not far from news.
To be fair the majority of stocks are still near lows, especially on AIM, not just ORCP. I don’t think we’re far from news in regards to GH from an email I received. Was hoping before Xmas but could come beginning of Jan.
I’m expecting hearing something in regards to GH before Xmas. The clock is ticking.
i’ll ask you again, seen as you ignored the initial one. are you a shareholder here naheedout, or were you once? just wondering what your modus operandi is, and why you have such name?
‘oracle will be updating the market on a regular basis, reporting on its various project development activities in ****stan and australia, over the coming weeks and as new price sensitive updates come to fruition.’
Are you a shareholder here Naheedout, or were you once? Just wondering what your modus operandi is, and why you have such name?
Back up 2.7% from my penny buys. Google’s all spread dictated.
You do realise the time difference between Oz and UK? The first of a potential few positive RNS’s. Expect more over the coming weeks ‘as new price sensitive updates come to fruitition’ Good Luck all.
I wouldn’t jump the gun just yet. Obviously by your name that’s is your ideal scenario, not sure why you’d be happy to see normal everyday shareholders lose money but I suppose the world is full of dumplings like you. Cop28 is far from the end of the line.
Gold price looking tasty, showing $2091 on invest.com. That’s about $50-100 more than it has been averagely for a year or two. If it stays like that then Newmont who produced 5.8m oz in 2022, at the bottom end that’s $300m more to their war chest. Agnico produced 3.1m that’s a min $160m more. Surely a small abit aside for the little old Anza project won’t hurt. Newmont timed the Newcrest buy out impeccably.
He’s certainly got something up his sleeve, doing interviews like today which weren’t really necessary, he’s no longer shying away from investors, twitters becoming more active. Webinar on the 19th. Hopefully the investors hed lined up for going Anza alone may step in and try and prevent the majors low balling us.
Days, weeks, months… Same old Brad. Hopefully resolve by Q1 next year, glad he’s sticking to Orosur leading the line. A gamble at this stage, but when the inevitable comes a re-rate will be beside it. Added 11k to sons Isa. I’ll keep adding bits and bobs whilst sub 3p.
Https://www.theguardian.com/environment/2023/nov/30/the-new-scramble-for-africa-how-a-uae-sheikh-quietly-made-carbon-deals-for-forests-bigger-than-uk
Everything falling in place now.
Brad said they never asked or pressured for the $2m, that was just paid by the majors as expected. Never once did they ask for it, as they did not want to seemed to be begging or make out they required it. Brad words from the phonecall. So if he was being honest then cannot see any concessions being made.
I don’t think Orosur could have refused the $2m offered, as that would be a breach of contract? Also worth beating in mind any dilution to us also affects Newmont.
Isleworthspy,
MMA aren’t here to bring the Aptas, Pepas, Pupinos to resource, there here to test a few areas and get shut of us off the books. They tried fast tracking this and removing certain undrilled parts from the terms which in current contract have to be drilled, Agnico tryed muscling in and re-negotiating these new terms, Brad counter argued if they wanted that then we wanted something changing in our favour which he never released what it was. Loggerheads then appeared. I take it you Anza, not Apta? They will certainly sell Anza that has always been the plan, but the longer we hold on to it, the more drilling undertaken then the more value will be created. Pepas was the last place to be drilled, they drilled in the wrong direction… Brad offered his advice that he thought they were heading in the wrong direction. They wasted a fair bit of money doing this. Hence why it would be beneficial for us if the Orosur team were back in charge of exploration, this is when we saw the best results.
Gday Imp,
(I’m not Brad because I said gday break)
I’m still positive here, Anza resolve will come. The left are as good as out in the Colombian politics, the right will soon be back in charge. Many of the majors operating in Colombia downed tools due to the governments messing around and slow timing in regards of licenses etc. Smaller companies who carried on regardless appear to be fine, collective mining being one, forever appearing on MinerDecks weekly / monthly drilling highlights on there neighbouring Guyabales gold project, which also keeps throwing up substantial silver and copper. (If you’re not familiar with MinerDeck, I’d highly recommended following him on Twitter.) From current market cap I see Orosur as good value, I managed to sell a few at 7p and have been adding down here from low 2s to 3ish. I’m still underwater, as are many others though I see 2024 as regaining some traction. Field work will still be being undertaken at Anza in my opinion. When drilling restarts next year, and I’m very confident it will, then they’ll have extensive workings on we’re to drill. Hopefully Nigeria can throw out some positives as that seems to be Brads flavour of the month. The Brazil results shouldn’t be too shabby either seeing as they were so unbelievable that they had to be sent to Peru? For proper testing. Certainly down to them intially being too unbelievably high, if too low they’d have just moved on. El Pantanon results being sent to both Newmont and Anglo by request. Cash balance for now isn’t too much of an issue, though with exploration on three projects surely the BOD have something up there sleeve. Im sure that I recall Brad saying, from phone call in July, the paperwork for the formation of the new company was all but done, but constant delays as every correspondence had to be passed up the Agnico / Newmont hierarchy until reaching to main person, the Newmont one being an important player on the Newcrest deal. I’ll have to digs my notes out.