Member Info for Jackbal

“Previously e-mailed nomad” typo apols

I previously e-mailed re these voting irregularities and tried to encourage other ls to do same but i couldn’t drum up enough support to make an issue out of it

Or getting bad legal advice, following newmont orders and trying to cover mistake tracks. Could be all 3 with this cardboard cut out of a ceo.

BT I tried voting against his self awarded options packages, Barclays registered my votes but they weren’t recorded by OMI.

(With hindsight this was a blessing as caused me to close out my initial position of around 500k avg approx 17)

More fool me for buying back 162k approx 11.5!

Sorry I’m digressing, my point is you literally can’t vote against.

A larger holder than I had his votes refused in person at the AGM

According to Brad last years painful

and plentiful delays weren’t his fault because he was handing over operatorship, the drilling wasn’t his fault because he was no longer operator, the JV situation not his fault because he inherited it. Never his fault, slippery as they come.

Never takes ownership of anything other than payrise and millions of options. He takes full ownership of those!

Now he’s trying to say not his fault about care and maintenance because they were entitled to their 51%

Thing is they were only entitled to 51% because of the option that was sold to them. That option wasn’t compulsory, it was sold by choice.

At some point Brad you will have to answer for this. If you felt that it was in the companies best interest to bank 2 million and allow Anza to he put in C&M then you need to justify that. If you don’t, you appear complicit in factors that conspire against your own company, holders and most of all share price.

Brad George is a puppet CEO.

No skin in game

No track record as CEO for commercialising

He didn’t form OMI and he didn’t discover Anza either.

He cares not for Uk private holders evidenced by the votes refusal

He cares not for the SP evidenced by no. Of shares he’s bought and the unwanted dilutive strategy he imposed.

If majors didn’t like Anza they wouldn’t have spent another 2 million on it. He’s just dancing to their tune and has sold us all out for 2 million bucks which won’t even go far.

Doing a reverse Robin Hood otherwise known as a Sunak. Robbing the working and middle classes to feed the overlords

Go on Brad, come out and make a statement and prove me wrong.

At least I could laugh at this. This was my post in March:

“Wolfy totally agree.

Re: the 2 million received I can only view it two ways

1. They have agreed terms and just a matter of eventually signing what’s agreed in principal

2. If they can’t agree it’s refundable.,

Any other possibilities I’ve been too silly to figure out?”

(Back to today!)

Yes Jack you mug

3. They sell the option without agreeing terms and Anza gets parked in Care and Maintenance

Even with hindsight I can say that I never ever would have considered no.3 could exist as an option

Just does not make sense

Since the shocking value destroying care and maintenance rns and subsequent silence hes paid himself another 30k. By the time he actually feels the need to update us will prob be 45 or even 60k

Snout firmly in trough

Just UNBELIEVABLE

Wolfy one thing this clown is definitely doing every day is trousering 500 bucks in wages.

500 bucks a day for this, no wonder global economies are fxxxxd

Regulator should be focussing on the going’s on here and the statements and guidance the co. is putting out.

Even by the lowest AIM standards this really isn’t ok. It’s not about success or failure, it’s about reporting honestly, without all the contradiction that leaves everyone without a clue of WTF is actually happening.

I’m not a mining expert or claim to be a contractual expert but I know contradiction and BS that flies in face of logic.

Something stinks, could be all a ploy so that they do us another favour and take Anza off our hands cheaply?

It just all doesn’t make sense and our joke bod don’t feel any need to clarify

Very good point you make chicken.

Another contradiction.

He says only written confirmations are valid but releases rns on back of an unconfirmed conversation.

Is he really this bad a CEO or is does he have a part in this pantomime.

You know the one when he goes to market and swaps his cow for magic beans

Hey Seingred,

If you do dump OMI Good luck on the crypto’s again, I know you were doing very well in those plays:

Cheers Wolfy. Glad I’m not only one who sees this so cynically.

Agree don’t want to hear about these headache early stage JV’s. Stick em where the sun doest shine.

I would say that holders would have been better off giving him the extra 30k per annum NOT to intro the JV’s but seeing as aim holders are not allowed to vote makes no difference if we approve or not!

BT when you say “they had no choice but to accept” but then say “they shouldn’t have accepted it without”

I come back to my point they shouldn’t have accepted the 2 million without terms.

The majors weren’t stumping up the cash for our benefit that’s for sure

Was the original JV contract toilet paper?

If so Brad doesn’t get a pass because he inherited it. He’s proven on numerous occasions he had no awareness of Omi bargaining position, (drill, drill, drill or they can bugger off).

Out of his depth is best case scenario here imo

If they were obligated under the original terms then that obligation must have been based on the original terms being fulfilled,

How can Anza be parked in C&M under the original terms?

Why would a JV allow such harmful terms?

Hi BT,

They could have refused the 2 million without terms agreed couldn’t they?

How can they accept the 49/51 option without framework?

“stands ready and able to reassume operatorship of Anzá if that is deemed a viable option.”

Pathetic state of affairs now that Omi have to get permission to explore what was 100% owned at start of year.

All this pain for 2 million bucks that Brad will simply burn most of. If he wants to actually drill pantano to try and create some value placing ahoy

Hope all holders are making their feelings known to Brad. No wonder voting was blocked.

Us and them

1000%/10 fold. Typo apols

Truly appalling mgmt to lose controlling interest in Anza for mere 2 million.

But then mgmt have no skin in game and are far more pre-occupied with their personal packages than SP.

Brad has about 300k shares!

If SP rises approx 1000%/20 fold over next few years from here he will make approx 75-100k

The recent payrise he awarded himself guarantees him 90k during that period even if SP halves.m

Come to your own conclusions…

It’s now horribly obvious which side his breads buttered on and the SP obvs not a prime consideration for him. Evidenced by his strategy and personal frugality towards SP.

I would prefer to think he was just naive and got played but to be honest I more swayed towards fact him and Louis could make about half a bar each in wages from the 2 million so prioritised that above all else.

Looks really bad and the longer the silence goes on the more I feel this appears cornered.

As long as Brad stays in the chair his wealth grows regardless of performance. Expect more BS to justify his activities

Hi Imp I do agree that it’s important not to overly focus on negatives but….

If they cannot overturn the damage that’s been done selling the option and getting put in C&M there really isn’t a positive catalyst in sight.

We could take the view that cash is king and at least balance sheet is shored up while the market goes through a storm but….

The largely unwanted payrise metric JV’s need paying for, if he chooses to discontinue them then the money already spent becomes totally wasted. 3.5 million isn’t going to go far across 2 early stage JV’s and any early stage data will not hold SP value. Although early stage explo is necessary it doesn’t add value as market just sees burn.

So a large part of the 3.5 will be spent on activities (mapping, sampling, geophysics , wages, rents, admin) that are not SP value enhancing.

Unless Brad can undo what’s done then this is a car crash for the cash balance and equity.

Thing is, I don’t think he can undo the option he sold and he’s going to try and put arg/bra centre stage for the next 18 months while Anza remains on back burner.

He started making it the Brad George show, by introducing more risk and cost to simply justify his package and perks, I criticised the new “model” incessantly at the time and this is how the Brad George show looks in reality when you focus on data and not his vague words and possible intentions.

I’m not going to dump my stock, I’m going to see if SP drops to cash value and buy some more if it does but that’s because I’m a degenerate gambler betting not investing and i won’t be happy to avg down either.

If anyone can bring some quantifiable positivity to this investment case I’d Welcome it because the way I see it this is reduced to a binary bet on whether they can salvage something from the wreckage they have supervised.

Very very bleak 12-18 months if they can’t secure a concession from the majors on the asset we all bought into as the option has locked control fully in their favour.