Member Info for Impecunious2

I think it may be a woman; broad hips and long hair down her back. I wonder who took the photo; whoever it is, he's unlikely to be rivalling Henri Cartier-Bresson in the foreseeable future.

Hi, Sharetrader

I am astonished that he has any children. Some woman must have made a catastrophic error of judgement.

Hi, Sharetrader

John Stone is not an alias of Bhargav; the two may be allies or accomplices, but they are not the same person. Their prose styles are different; English is Bhargav's second language, and much of what he writes I find unintelligible; not so, with John. Also, their characters are different; John doesn't do malice and insults, and Bhargav does.

Are either of them worth reading? Only if one's interested in psychology. Otherwise, filtering out is the best policy. If one wants well-argued caution on OMI, one should read Seingred and Jackbal.

Best wishes

It would be nice to know who is supervising the drilling crew. Presumably, one of the two Argentinian geologists employed by OMI. Also, to know if either Brad or Louis is there. This is not material for an RNS, but some further info and photos on twitter would be welcome, and good PR.

It may be only one drill; but it is trying to connect two high-grade gold zones; tunnel B and PEP-001.

An RNS announcing the completion of completion won't shift the price; nor I think will any announcement that drilling has started. But a good result should do so.

Hi, Micky

Please spell "paltry" as "paltry," not "poultry." Huge capital losses I can tolerate; but a spelling mistake really upsets me.

Best wishes

Thanks for this, Dr.

I thought the tweet wrongly implied drilling at Apta, too. The distance between Apta and Pepas is given as "over 10 km," in the RNS of 22nd October. How long it takes to cover that distance depends on the method of transport and the obstacles presented by the terrain. It's not something I would wish to do myself.

I see that the link I have posted will bring up all the tweets in French. But it's good to have our intellects stretched now and then.

For those of us (including myself) not on twitter, if you put "Orosur Mining on twitter" into Google, that brings up the last few tweets.

https://www.google.com/search?q=Orosur+Mining+on+twitter&ie=UTF-8&oe=UTF-8&hl=fr-gb&client=safari

I now think I was mistaken in para 1, and that there is only one camp for the whole of Anzá; and that is at Apta. What misled me, is that it seems odd to take possession of the same camp twice, once in May ("It's not the Four Seasons. We have to clear out the scorpions," etc), and then again in November.

I concede this lends credibility to John's narrative that we are being strung along by Brad, for his own benefit. But a man who can mention the treaty of Westphalia deserves my moral support.

I presume this camp is not the same as the one shown in the tweet of 7th May (that's the one with the scorpions). Brad calls this the Apta camp, not the Anza camp. Perhaps the other one was at Pepas?

The treaty of Westphalia, which he mentions, brought the thirty years war to an end in 1648. It's nice to have a CEO with a sense of history (and a sense of humour).

Hi, Legal

You are obviously right about this. It's a mistake to say that everyone is here to make money. Bhargav has quite other motives.

Best wishes

There has been on-ground action for many weeks; mapping and sampling at Pepas, without which Brad would not know where to drill.

Thanks for the reply, Karl.

"Garde ta foy" ("Keep your faith") is the motto of Magdalene College, Cambridge; but I hope in this case, it's a matter of judgement, not faith. One has to make a judgement on the character and competence of Brad and Louis, the quality of the resource, the market cap of the company, the consequences of further dilution, sentiment on AIM and gold, etc. And then take an investment decision.

There may be an irrational element, too; I like to back companies that are doing something exciting. And Orosur falls into that category.

The start of drilling may not shift the price and the volume; but the results will.

One implication of the interview, is that he's going to be reluctant to enter into another joint venture; for that would mean surrendering control to a company that has interests (and drilling plans) which differ from our own.

This ordeal has been a salutary lesson in the perils of a jv.

Hi, napth

It's a fair point.

Hi, Sharetrader

It's nice to have Brad on location; but judging from an email he sent me, it's not that important. The two geos from Argentina will be there, and they know what they are doing. As mentioned, their names and profiles are on the website

Best wishes

Hi, napth

The thought had crossed my mind, too. If OMI is in possession of the site, there's nothing to stop them drilling. Are Newmont or Agnico doing surveillance by drone or satellite? Probably not.

However, I do not believe this has happened. Information can leak, there are legal risks, and Brad is a cautious man (which is why he has not put any significant amount of his own money into OMI).

The four day turnaround refers to the time from the arrival of the drill cores at the lab in Medellín, and the results issued by the lab. It does not tell us anything about when drilling will start, or if it has started.

Best wishes