Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Hi, Tugmaster
One very basic difference between GGP and OMI is market cap; £315m for GGP, £11m for OMI. Small caps rise and fall faster than large caps. So if both companies receive good news, the rise will be greater here.
Once upon a time, of course, GGP had a market cap of less than a million; but that's ancient history now.
There'll be a fund-raise after some good drill results; that's my guess.
Https://www.londonstockexchange.com/stock/OMI/orosur-mining-inc/company-page
28th August, 2020, 4.4p
16th Oct, 2020, 36p
Hi, Karl
Thanks for this. You should be OK with that purchase today. Share price is still very low by historic standards.
Best wishes
I have sent Brad an email, asking for further info on the due diligence procedure. The reason this matters, is that it affects the time-frame; if lawyers and accountants are involved, delays are likely. If it's just Brad and Louis going through accounts and documents, then much less so.
I also asked, if he himself will be supervising the drilling at Pepas.
I don't fully understand this due diligence. Is it only a matter of going through accounts and documents (presumably in Spanish), or does it also require meetings with representatives of MMA? And are lawyers and accountants involved? Or can Brad and Louis do it by themselves?
Also, do we know if Brad is in Colombia, or elsewhere?
Our daily tweet has arrived, even at the weekend. We thank you, O Lord.
It would be nice if Rick Rule put some money in. He did it for Power Metals about six months ago, so why not us?
O Lord, give us our daily tweet.
Hi, Zap
Thanks for the reply. As I've said before, the quality of debate on this chatboard (with a few exceptions) is excellent.
Best wishes
Hi, Zap
You are right, when you say "Brad has never delivered any news on time." But those delays were due to Covid and the joint venture (which he didn't create, but inherited). He's now his own man, and we can see his character appearing in the tweets (which I'm happy to read; they are much better than the alternative, which is a funereal silence); he has proved his competence, by extricating us from the jv on the best possible terms; and we will see further proofs of that in the near future.
Hi, Predator
I have no wish to be difficult, for I know your trading skills are better than my own. But it really doesn't matter, to yourself or anyone else, whether you buy at 4.3 or 4.4; in three months' time, this share price will be a lot higher.
And don't tell me, predictions are difficult, particularly about the future. For you may be right.
Best wishes
My guess is that at some point in the not too distant future, Brad will put out a tweet, saying the drilling rig at Pepas is now in position. He's obviously got a new policy of communicating as much as possible, now that the shackles of the previous jv have been taken off him.
I also think he's going to be very cautious about the terms of the next jv. Who wants to go back into a prison cell, when you have just been released from it?
Hi, Chicken
That quotation at 7.10 this morning, was that from a tweet by Brad or an email? The reason I ask is, that I've not found it on Twitter (which may be incompetence on my part).
No, sounds entirely sober to me.
"All metals have their highs and lows, but nothing like a gold run to get the blood flowing and the chattering classes chattering.
It is welcome of course, but we will as always err on the side of caution and not let the froth and bubble distract us.
No doubt we will now see a slew of junior miners suddenly change their names to include "gold" in the title. We will see them all scramble to find some gold project to whack a hole into. We will find that almost all of these will have been around the block a few times and seem to get wheeled out every time the metal price bobs its head up.
But ours were in place before anyone cared, and have yet to complete their first lap of the block. Having that head start, as much by luck as design, may give us an edge - we shall see."
It's been very difficult to buy in any quantity recently. On Friday afternoon, I had to divide £7k into two parts, for it to go through; the same again, this afternoon. On ii, both times.
I expect the share price to drift sideways, until further news. But most long-term shareholders must be happy to be where we are; I certainly am.
Hi, Chicken and Dr,
I think it is worth putting the tweets on here. It's easy to assume that everyone else knows the same as oneself; but often that's not the case.
I will do the copy and paste myself in future, unless I'm busy teaching, which takes priority.