RE: Positves and negatives10 Jul 2022 22:53
Seingred / Sector, I actually hold some WSBN from 3p, jurisdiction’s are a big thing, if Anza was in Australia the market cap would certainly be much higher. I agree with sector somewhat, non of our peers have a JV like ours, anyone can argue all day about potential for this company or that company but at the end of the day when you have not only one, but two, of the top three gold miners in the world paying for exploration then that’s speaks volumes… Why arnt Newcrest jumping in with WSBN? Why arnt Newcrest jumping Wi with Antipa? Many people will say that the likes of Newcrest, Newmont, Barrick will risk tens of millions on exploration to find what they concur to be a suitable resource. I totally disagree, these multi, multi billion pounds companies are that for a reason, they don’t throw money, directors money, shareholders money away wily nilly. It’s easy to become negative at times like these, the majority of the stock market is bearish, they say never look a gift horse in the mouth that is not only relevant here but one hundred times over elsewhere. Colombia is Colombia, will it achieve achieve Australian market caps? 100% not. From trading and investing in AIM the last couple of years, recently it has all been GGP did this GGP that, I was there from the early days, not early enough obviously or I wouldn’t be sat writing this, it can and will happen again. On the other hand I held shares in African Minerals which was the largest market cap on the whole of AIM and went bust. Every single company on here are risky, the biggest single factor for me is financing, the fact that OMI have a strong balance sheet $4m plus, $2m payment is due if phase 2 is confirmed, Anza exploration paid for by the majors.. What’s that worth?? I see other juniors similar market cap to us finding everything themselves. Obviously we’ve a few other projects on our books, both of which I actually like the look of. They, in my opinion, prevent the majors taking us out for low value. 200m shares in issue, the majority of ours peers have billions of shares in issue. It’s hard currently to see positive light but at the end of the day areas of Anza previously untouched are being pecked at, if phase 2 is confirmed then it’s no coincidence. The only concern here is director holdings, why arnt they eager to put there money where there mouth is like us?? The same reason that Brads first ever interview was millions of ozs, elephant country etc?? We all questioned illegal mining, I now doubt that. I believe he was told to hush his tone, by the majors and Louise to keep permit, license and brown envelope costs down. The major holdings I have now are OMI, ORCP and GGP. Find me any bigger potential on AIM I’ll call you a lyer.
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