Member Info for DrRemington

Decent buying this morning on a quiet day. Perfect time to accumulate, tight spread, not much action, GDXJ up 4% yesterday, gold price climbing, news on many fronts just around the corner. Good times ahead. Double digits will be back in no time.

Naheedout working overtime I see.

Yeah a few hundred percent here or there is certainly possible. It’d be daft not to take some profit out if / when that happens. I recall Brad saying Agnico see this of one of there key projects, not sure he’s said Newmont do though I could be wrong. Personally I say a JV with Agnico coming but with renewed terms, that benefit us. Once the current JV has been discarded and we own 100% of the project then I’m certain they’ll be numerous avenues we are able to slither down. Who operating in the region wouldn’t want a possible cut of potentially the next Buritica or La Colosa or better. The Agnico team being privy to every bit of field work that has been undertaken will I’d imagine not want to lose this. If we do JV with them then I’d say they know it’s a tier 1 project in the making. It’s on Brad and Louis now to deliver the goods. Sit on hands or add if funds allow.

That’s a concern here for anyone on the sidelines trying to buy in, like the other day it took forever to get £1500s worth for me. That was on a day with no news and not a great deal of volume. When the update comes regarding Anza and if we do get 100% of the project back then I wouldn’t be shocked to see the share price do 200% plus if we’re still at this level. I’ll be adding soon, while we’re still near the 3s.

Brad did say that they had Swiss investors lined up for if we got 100% of the project back. Rob, he did say in the latest interview that the current JV will be ripped up and any new one will have total new terms. That in my opinion with what our bod have said previously is that the new terms will not restrict news flow. Collective which keep getting mentioned, release news almost weekly from Guyabales with 4 rigs on there. That’s what we need and there’s zero reason it shouldnt happen.

We’ve recently tasted 5p, previous trading levels have been 10p plus before the Anza care and maintenance embargo. October 2020 - October 2021 the share price traded in a range above 14p with much time spent in 20s, highs of 40p. Any raise will come after they have announced they’ve got 100% of Anza back, which will see it increase over 6p at the very least. Then if they announce a JV with exploration plan and maybe even some cash to Orosur… Your guess is as good as anyone’s but I’d say 10p plus. Hopefully higher. But all guess work currently.

190m shares at 10p is £19m I take it you meant Seingred? Did you calculate that wrong intentially? If we did it like that now, which isn’t going to happen, 190m at 4p is almost £8m. But like Rob says, we haven’t raised for 3 years. Look at other AIM STOCKS, some raise every other month. Vast, Prem are good examples. At least the next raise we have is going to be for a very worthy reason, exploration on one of the most sought after properties in Colombia. I’m not ruling out a JV with cash up front paid to Orosur which will mean no funds required until at least next year. We’re in a very good position. From this market cap, theres potential for some great money to be made.

As the Orosur team have been trying to get the product back since the beginning of last year then I’d imagine they’ll have a few different routes already lined up which they can move forward with. A JV looks the most likely in my opinion, possibly with Agnico, but I’d imagine we’ll have several suitors in talks so the terms of any new JV should hopefully benefit us. Expansive field work has been undertaken, even over the last 16 months since the drilling halted, hence Brad stating there are walk up targets ready to drill most notably Pepas. I’m intrigued to see what avenue we go down, nothing can be as negative as the past 2 years. Cash burn is an issue, the setup and intial entry and immediate exploration of the Nigerian JV will have taken some cash, as will the work at Brazil and Argentina. At the end of the day we’ve still got 1/5th of our current market cap in cash and potentially the keys to one of the most exciting, promising projects on the whole of the AIM market.

Nigeria, some early samples showing over 2% lithium. Looking good there, that should positively fill some gaps between Anza news once we get that back.

There’s Friday to deal with before the weekend. Hopefully we see a blue day and try and consolidate higher week on week.

Hard to buy, took 10 minutes for £1500 worth. Can sell over 650k in one go. Good to see.

A good interview finally which hopefully won’t follow with a red day. 100% of Anza back and payment in years down the line… Perfect for current share holders.

Bob, click on my name and check my previous posts. Posted both on here already with the links.

Regards

I personally think the new deal is almost over the line, he’s bought more time and okayed it with the majors for today’s RNS, just letting the market know discussions are still underway. Then they’ve dropped a few Twitter posts which read well. Then there’s this coming out of Colombia.

https://www.halconesypalomas.com/2024/01/23/orosur-retomara-el-100-del-proyecto-de-oro-anza-localizado-en-el-occidente-de-antioquia-va-por-el-51-de-newmont-y-agnico/

The price has been around this level for a while now, usual buys and sells I’ve been seeing are for £1-£100. A £8000 buy gives some hope some news could be close, it might be or it’s to you but it equates to about 0.6% of the current market cap. Hopefully it’s someone knowledgeable and in the know.

I reckon we’ll get it back but it’ll be in the terms of the contract that Newmont / Agnico can come back on board / own a percentage if it turns out to be over 10m oz plus. Or something along those lines. I recall Brad telling me something similar in the phonecall I had.

Another tweet, almost like the opposit of the RNS

‘Latest update on Anza in Colombia.

Parties on the same page in terms of the destination, just working on the route to get there. Hopefully quite fast now we know where we are going.’

Weird.

Weird tweet to put out, Louis Castro at Anza.

‘Chairman Louis at Anza today- meeting the team and senior members of the local community. Reintroducing ourselves and letting them know we are coming back.’

Yes I’ll also be adding at some point. Anza resolve will come eventually and as others say, I wouldn’t be surprised if this was a ploy to let some friends in. End of the day, zero has changed with it without the RNS.

A pointless RNS in my opinion, wasn’t really expecting anything just yet anyhow. He could have said nothing and it would have been normal for anyone who’s held here for a certain amount of time. May get an opportunity to add lower than current price, which I didn’t really expect and wait it out for the resolve.