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Realistically, who cares about the the other 3 projects when it’s currently all about Anza resolve. I wouldn’t even waste a second of his time asking about them until Anza RNS has been delivered. Argentina will be close to shut down for winter then will likely be drilled by start of next year. Brazil is obviously out of favour and I imagine could be on the list to scrap. Nigeria results are probably due anytime and will likely drop after we hear about Anza.
Seingred, I understand massive differences between Anza and Buritica. This is the beginning for Orosur, owning 100% of Anza, benefitting from work undertaken by Newmont and Agnico which has cost north of $30m. Massive amounts of field work undertaken of previously untouched areas of Anza. The south will likely come next after Pepas after sampling results taken from the majors. I was being conservative with my gold estimates and I’ll also be conservative with my Orosur share price estimates, but from 2p anyone who manages to accumulate down here should do well in my opinion. 10p within a year is a 4 bagger. I’d happily take that. Let’s see how it pans out. Good luck to all.
The end game according to the board has always been the sale of Anza. That’ll be years away. Near by Buritica sold for $1.4b. If Anza was to achieve just 5% of that, thats almost £50m. Though as I said, it’s not even worth talking about yet, potentially years away. What gold does in that time is another matter. It could be multiples of today’s price. I expect $3k Plus within 5 years time.
Sometimes the market cap can get massively out of hand, like GGP did, I suppose like here did at 45p. Once drilling begins it’s a whole different ball game to what we’ve been, pepas will 100% start of with a bang, hopefully the board secure some reasonable financing amongst a gold bull run. From 2p even seing red must agree it worth a punt.
Yes it was Apta that was estimated to be 2m oz plus. The board are obviously now privy to all the field work the majors have undertaken on Anza, some sampling results have come back ‘very juicy’ These should hopefully be released to the market once Anza is back in Orosurs hands. There’s certainly no denying that Anza is a top, top prospect, let’s hope the board can bring themselves to that level and finally delivery shareholder value.
I agree, i'd rather now see them buy if they're going to buy joke amounts. It's insulting to shareholders when they buy in the tens of thousands. Hopefully they'll buy at least 500k to show confidence in themselves for taking this company forward. Realistically, they should be buying millions at this low, joke price.
They will be a very welcome site once they arrive, hopefully they will add frequently once the company is fully in their hands.
99% of exploration companies have no income… We know what we’ve bought into. They’re far from smelling of roses at the moment, but they’ll soon get the chance to alter that without the previous JV stranglehold. Director buys should / will follow Anza resolve.
I agree, they now need to show their worth. They have no excuses.
They have taken $2m from the company? Where do you get information? Do you mean they’ve spent $2m?
There’s has been a few large buys propped up since then, it’s been almost 4 weeks now since the placing. As others have said, the board are out of the strangle hold now and can design there own destiny. They’re will be no scapegoat or anyone to blame now everything is in there hands. It’d be welcome sight to see regular director buys as they’ll have zero excuses against it.
For all your negativity I don’t see you selling a single share of the million(s) you hold. Speaks volumes in itself.
People arnt just going to buy on a whim just to prove a point to you, most will have already added, been adding for the last month or so that we’ve been around 2-3p. Unlimited funds are very rare these days, especially for AIM. I reckon we’ll see an influx towards the end of March. Will Gold see 2200 today? Looking good.
What good are results on a project that’s getting ditched? We’ll see who’s saying what next month. This time next month I reckon 5p plus.
What’s turned out to be bull? I spoke to him about two week ago also, we’ll see if what he said then turns out to be bull. If we’d have had only Anza on our books then the last year or more would have been the board literally doing nothing, earning money for nothing, zero newsflow.. The majors may have tryed to buy out Orosur as Newmont could have from September I believe. They can also sell there equity here, which they won’t. Jackbal, if you’re so bearish why not bail now? I think 2p will be long gone soon. Let’s see.
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.