Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Yeah I think it's best to hold if you can afford to do so. I've been in other shares that have turned around.. there's nothing to suggest the same won't happen here in good time. On a positive note, the sp is up 4% today which appears to coincide with a couple of buys (one around 95k shares on lse and another around 112k on nex). Would be nice to have a blue day for a change.
I've not met the ceo but I have communicated with him on a few occasions via email. I do get the impression OMI are relying heavily on NMT. Agree that this is a medium / long term stock. Prepared to hold and hope we get some good news sooner than we expect.
Thanks for the link shellymarie. Now the deal is pretty much sealed with Gordcorp, hopefully NMT can focus on Anzá. Vicjain, I know what you mean about not wanting to chase rainbows... I've done that too many times e.g. GWMO, LION.
Yeah me too, I'm locked in and not prepared to sell at a fairly big loss. Planning to hold until this comes good. The only good thing about OMI (right now) is that they respond relatively quickly to emails (info@orosur.ca). It seems like OMI are prepared to wait until NMT make the next move. I believe it will happen, it's very unfortunate that it's taken way too long and the sentiment here has changed.
Yep, we are at the mercy of NMT. As painful as it is to see constant red days and paper losses mount, I believe this is temporary. No idea how long it will take before we next get any update. It would be nice to get another update this month.
Yes it's very disappointing. It seems like every time I top up, the sp falls. I do think the Newmont/Goldcorp deal and Barricks' failed attempt of a takeover / talks of a JV with Newmont has delayed things. I'm glad activity has picked up in Colombia (Buritica) and I really hope the same happens with Anzá.
News on Anzá drilling plans could arrive anytime now. Hoping to top up later this week (once funds are available) in anticipation of news. It's still early days and there's no way of knowing when news will land or if it will be good. I'm glad we got an update from OMI last week. NMT just need to get a move on now. All it takes is one or more good updates to restore the sp and sentiment. All the best of luck to OMI holders.
Thanks ElgorTrader. Bhargav.. yep we all hope this one will be good. You're right, it is early days and too soon to say what will happen but hopefully NMT will abide by their contract and get things moving soon (as a priority).
This should fly / re-rate on good news. I topped up a small amount yesterday and plan to hold medium/long term. Agree with most posters here that the current value doesn't reflect the true potential. Also I'm glad to see there is interest in Columbia: https://mailchi.mp/continentalgold/continental-gold-announces-fully-subscribed-us175-million-financing-package-backed-by-newmont-mining-and-triple-flag?e=a4f50e37f1. I think ElgorTrader posted this a week or so ago. Maybe an update on Anzá will follow soon?