The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Phone broke, just got a new one and got telegram back on new phone but all groups have disappeared. Tried searching for the Orosur one but no joy, so I’m out for now hence why I ain’t been on for the last week or two.
I’ll be adding soon, just waiting for the right time / price.
They'll raise for exploration on Anza, which i'll be more than happy to see. Most likely Q4 of this year. Or they may find a partner to fund. By Q4 of this year aslong as Pepas is being drilled to some extent and we have been privy to all previous information gathered by the majors, then i think the share price will be substantially higher than it is now.
'April or May in timing when they need more money' Please explain.Do you mean 2025? They just done the first raise in 3 years for £500k and also have approx £1.7m in the bank. Why would they need more money within a month or 2, please explain.
MMs hunting, dropped it right down but couldn't buy. Back up to 0.385 on the buy now, still hard to buy, can't get a quote over 4m.
CazBraz, or maybe the amount of buying has pushed the price up as there's hardly any sells.
https://twitter.com/cpec_official/status/1770338687475122480
china stands ready to work with ****stan to build an upgraded cpec: chinese fm spokesperson
maybe this could explain the interest somewhat.
Gold surging higher, broke through $2200. Great to see.
Karl the purchases the directors have made have been pathetic to say the least,insulting to share holders even. If they wanted to support the share price then maybe £80k instead of £8k may have been more substantial amount. Once the company is back in there hands we should bring seeing numerous director buys annually for substantial amounts, they have decent salaries so there is no excuse. ‘They don’t want to lose money‘ Who does want to lose money? No one, yet they’ve consistently missed deadlines amongst other factors that have caused you, me and every other share holder to lose money. Soon they will have a chance to rectify there errors and attempt to finally bring shareholder value, which I believe will succeed.
I don’t think we’ll be dwelling down here in 3 years time. I’d bail now if I thought that, we could have another placing tomorrow.... I think we’ll see some positivity once Anza comes back. Here’s hoping anyway.
Jackbal, the Anza resolve RNS should bring some positivity as it should hopefully also include some sampling that has taken place over the years that we haven't been privy to. I cant see us getting a massive wall shattering increase in share price though. The reason i'm not adding is due to funds and holding a large amount already. Being bullish and not adding is abit different to being negative and not selling. Adding is funds dependent.
Bhargav* Not Bharat.
But then again, could they have prevented the governments messing around with licenses etc, Newmont buying Newcrest, the majors dragging there heels. Once it’s back in there hands they’ll be no excuses. Each to there own Johnstoneo, many will bail many will stay. If you hold a large amount you’ll be here a while longer than you’d like if you hold a large amount as if lots are trying to bail at once then it’ll be impossible to sell as Bharat has been trying to explain.
Good post Johnstoneo, yes the trust from investors towards to board is almost zero. They’ve done nothing to benefit us whatsoever. Though as Chicken says they now have a fresh start on a project deemed to be tier 1, with extensive field work to hand, Pepas a walk up target already showing top grading from surface 150m at 3G/t. Apta predicted to be 2m oz plus. My guess is they’ll start drilling, show the audience what Pepas has to some extent and then find a partner. They need to do some special to get shareholders back on side, I think many are too far gone and will bail at the first opportunity. I’m sure new money will fill the void amongst a all time high gold price and Colombia moving in the right direction.
I’d say no, neither are good comparisons. What asserts has CNR got... La India has a resource of... They are way ahead of here. Outcrop, are they even on the AIM market? Orosur are basically starting Brad new exploration solo on Anza, something they’ve never done before. Obviously the majors have spent 30m plus on exploration, which hasnt given out too much to the public which was there intention all along. A hell of a lot of field work, sampling has taken place with 150 staff on site at one point that’s where, in my opinion, a lot of the 30m went. The sampling on previous thought untouched sites the market as never seen, even in care and maintenance they had a few Geos still on site. The majors released as little as possible during there time here. The data is now in Orosurs hand, the secrecy will be long gone. I agree there will be dilutive along the way which is expected with exploration at this stage. Here’s hoping the board find someone to help with finance if Anza is deemed attractive enough. For all we know the board could already be in talks? Most of it is guesswork at the minute. The cost of Anza coming back will be nothing up front and payment years down the line, Brad has reiterated this is the last few webinars. I agree finance is the main factor here.
I find the majority of the AIM market do placements at discounts. To be fair to the Orosur board to dilute 9% in three years... You’ll have hard on finding many if any on the AIM market with any less dilution in that amount of time. Still only, and I do say only again, comparison to a hell of a lot of other AIM companies Approx 220m shares in issue. We just need to see the board lead from the font now the noose of the majors is not around there necks. They have no scapegoat, no excuses, nothing left now. Regular director buys should be expected if they believe in Anza as they have always expected the market to. Seinngred I know you’ve shot people down for comparisons with other companies and I will do so with yours and Collective. They are a total different beast,I wish my money invested here had been put there instead. I’ve been following them closely and very much like how they operate.i know Brad obviously has as well, let’s hope he takes this on board and carry’s it forward.
Yes Imp, but in our current situation, with nothing really happening Orosur were never going to raise at zero discount. Maybe deep in to drilling if Anza proves to be as tasty as we all think then they may get financing like that. Though this is AIM, 25% discount is almost the norm. HE1 recently did a raise at 30%, Alien Metals last one at 29% for instance. The different is if they raise on TSXV the max discount is 25%. Hopefully they find a funding partner of some sort to progress Anza.
Well when the main asset has been sat in care and maintenance for 12 month with no exploration and it’s looking like that’s going to change fairly soon then why wouldn’t you be fairly positive. It’s no coincidence Johnstoneo that you’ve turned up out of the blue, apparently held here for years but have never posted throughout yet your now constantly on here posting all day. Maybe just me thinking it suspicious.
The money will run out, you could say that about any company, anyone, anything. They’ve got enough in the bank for a years worth of salary, they’ve got the £500k ish from the placement for the immediate drilling of Pepas once Anza resolve comes, they’ve got the warrants at 4.45p... Do you hold a large amount Johnstoneo? Not seeing any sells, not sure why the doom and gloom merchants aren’t bailing when they are so bearish? Sounds to me they are just trying to get the share price down to buy. If so many opportunities to make quick money elsewhere, if I had zero confidence here I’d have no hesitation at taking a loss. Baffles me at times.
They’ll buy once Anza is back in there hands, it’ll be in there interest somewhat to get the price up and sell there story.