Member Info for DrRemington

From the day Brad joined here, he’s been on a leash to the majors. He took on a couple of projects, I hear them called vanity projects, he took these on to protect Orosur from the majors. Where would we be now had Anza been the only project on Orosurs books, sat idling in care and maintenance for 12 months or so?? Neither had a cash up front entry fee, neither have absolutely smashed the bank. We’ve had the first raise in 3 years.. 9% dilution… I see and hold elsewhere that raise every few months.. The money raised is to immediately drill walk up target Pepas which first hole gave 150m @ 3G/t from surface. Anza will be owned 100% by Orosur, with Apta alone already estimated at 2m oz plus, Pepas looking as good if not better. Anza is huge, one Pepas shows it’s hand the board WILL secure financing and will succeed to bring shareholder value. The directors will all buy once Anza resolve has been released. From a £5m market cap, excellent value for money in my opinion.

Round of what, golf, Brad?

A pint of guiness and the boxing for me tonight, hopefully this time next month I’ll toast to Brad. 😁

Not a lot of positivity on here currently I agree, good times to add. The 96k marked as a sell was my buy earlier. I’ll be loading up or trying to at these levels ready for the Anza resolve. Gold tickled 2190 today. Nice to see.

The big question has always been finance. It’s common knowledge finance is currently hard to find. Let’s see how this pans out. Yes, that could be the route they take Karl. Logically that’s the way I’d expect it to go.

I think Anza coming back to Orosur with a drill plan in place, no totalitarian majors dictating, freedom of speech and gold price flying should hopefully bring new money here or even old money who had moved on. Good luck to all. Us long termers deserve a break here that is a fact.

Can’t see people selling at say 5p if they have a 10p plus average and 100% of Anza has arrived back to Orosur. Time will tell.

If the spread tightens that meant to say, volumes low. Will it drift further... Possibly. Could Anza news coming anytime.. Possibly. Gold creeping back up, it will be nearing all time highs soon.

Very negative on here at the moment. Good times for accumulating if the spread whilst the volumes are low.

Johnstoneo, I have regularly ish contact with Brad. Anyone is capable of having the same.

They disagreed with the terms from day 1 and they apparently tryed changing the terms all throughout the JV. T has been mentioned many times over the years. 1 hole is about £50k… That’s all common knowledge. £500k is not a lot to the 3rd worlds largest gold miner. £80m is, even to Newmont.

Yes, they obviously regretted it hence the reason there leaving. £500k for one hole???? Where you getting them figures from? In hindsight I should have sold when he said that, yet I’m still here.

They drilled in the wrong direction to try and take a shortcut and fast forward about a years worth of drilling and totally missed. I recall Brad stating to me a month or two before they released the Assays he thought they gone wrong and were going to miss the ore body, he proved to be right. Anyhow that’s all in the past, all we have to wait for now is the keys from Anza being delivered back to Orosur and it’s game on. How long it takes and how low the share price goes in that time is anyone’s guess.

Agnico have inherited a JV which they’ve disliked since day 1, this has been mentioned many, many times since they joined Newmont. £80m is a lot to money to anyone, spending that in a jurisdiction that’s not too cracking, especially at the minute, to then concede half to Newmont your biggest rival and a percentage to a minnow like Orosur… I understand there motive.

Newmont are not only fearful of Colombia but have now so many projects on there books since the Newcrest merger that they are carefully choosing and discarding certain ones. The fact they hold a percentage of Orosur which they are looking unlikely to sell and with what Brad has said in regards to the payment for Anza being further down the line when / if Orosur becomes a mine then it still leaves Newmont in the driving seat somewhat. Agnico from day 1 have disliked the terms of the JV which they had no input into, and have no intentions of going it alone out there in Colombia possibly due to the costs it would take which could be north of $80m. The board will be at PDAC from the back end of the week with a story to tell. Meanwhile Gustavo Petro is over half way through his presidency, has lost all backing and is unable to pass any new laws, once he’s out then let’s hope a more pro mining government is back in charge as it is big industry for them.

Could be a bed and isa, or like you say a million bought. Spread has been very tight today.

Maybe keeping it down to make it more appealing to a new partner? Also a Equity purchase on the cheap?

I guarantee 4.4p will be surpassed when 100% of Anza ming back to Orosur RNS lands with funding details.

Just heard from a city friend the Newmont mergers falling through and Orosurs buying Newcrest.

I don’t see Orosur getting sold, Newmont are the biggest share holder here and they’re not going to see it go to hands that they cannot at some point guide. Anza will come back, Newmont will get a percent back / NSR / Royalties years down the line if Anza turns out the be what we all think it is… Another Buritica. Don’t forget Zijin paid $1.4b for Buritica from Continental, our nearest neighbour when gold was at a much lower price. It’s all guesswork at the moment but the road should become clearer fairly soon. PDAC in a couple of week.