Member Info for Jackbal

The big question for me naivety or complicity

It was the sale of the 2 million option that sold the Crown Jewels imo.

No chance now of the 2 million/%’s reverting imo. Looks like Brad got played and as soon as they got the option the tone of everything changed.

I actually think majors are playing a blinder from their shareholders perspective at prime time Colombia politico. They weren’t willing to walk away with nothing so got their option then moved the posts.

Never should have accepted the 2 million without terms imo. Goodwill no, when it seems to good to be true where millions are concerned it always is.

I think this is why the guidance here is so ambiguous. Brad just been totally played and can’t really fess up after the payrise etc.

Thanks Dr R but forgive me if I completely ignore any further off the record comments emanating from Gimpy boy.

Personally I just hope we don’t get an rns about a webinar.

Another webinar would imply more uncertainty to me. Any genuine progress could simply be reported via RNS

Fingers crossed no more webinar anytime soon

No offence Dr R but so what?

What’s your point?

Yela, your post implies cost of care and maintenance is accounted for as part of the spend.

I’m not sure that can be correct, at least I hope not

Let’s not forget the free hits that are going to need plenty of funding!

More contradictory BS….

So can we assume that OMI could have avoided the current no man’s land/possible 12-18 months of C&M by refusing the 2 million.

Surely they would be in breach without the 2 mill payment and surely Omi could have refused payment without terms..

Feels like Bod thought the 2 million was the most important thing here and maybe thats correct if the political situation is dire.

However this isn’t what we’re being told. What were being told is a contradiction

Mondays puzzle for week. Can anyone work out this conundrum

1. The new JV partners now own 51% so are entitled to find a buyer for their stake.

2. The new 49/51% JV vehicle has not yet been formed.

Can’t both be true can they. can’t own 51% of something until it exists.

Yet another example of the BS that us idiots are expected to bite down on

Sorry Chicken my bad, shouldn’t have aimed my annoyance at you. Apologies

With my now meagre 162k shares (never felt so pleased with myself for cashing out an overweight position) I feel I don’t have right to be angry but it’s the way bod have gone about this that turns my stomach. Feels like a case of, if I call heads and it lands tails I lose, fair enough and take loss no complaints.

But if I lose on a double sided coin and feel misled it gets personal.

I think Omi bod have pushed the boundaries of acceptable corp governance and remuneration to the absolute limit and paid themselves richly for what now looks to be verge of failure.

How could Brad say in an interview “they can bugger off” when clearly that’s not an option?

How can there be a JV that allows them to park the asset?

Why accept the 2 million without terms agreed?

As BT says phase 2 comes with earn in obligations.

How can they get the 51% without the obligations?

Brad has played hard and fast with the truth and the numerous lack of holes in our collective understanding of how it came to this are the total responsibility of Brad and Louis.

With such generous salaries and options and such pathetic skin in the game was playing a straight bat too much to ask for Omi holders.

Clearly Brad and Louis felt above it all and untouchable.

When I was kid my old man told me never trust someone who puts on an overly posh voice. Louis we are watching you just as much as Brad.

Pull your fxxckin fingers out or I WILL attend next agm and I WILL bring along one of my advisors to document your responses.

Brad and Louis have taken the absolute Pxss with this over last 2 years. Enough really is enough

I was so disgusted with the last interview that I asked lse to close my account. They didn’t so I’ll comment again with gloves off.

Lse/Donald should be aware that it plays a huge role in allowing the likes of Brad to bullsh&t holders.

The rns for this company have been truly terrible, it’s only the in between BS interviews that gave hope.

Without LSE platform he couldn’t have bullsh@tted off the record like he did.

How much do Omi pay lse for the coverage?

On another note Chicken please don’t even try and Peddle the positives of these largely unwanted, troublesome, payrise justifying , Ridiculously early stage JV’s.

Brad has stated himself very recently that the market only ascribes values to drills. On what planet does it make sense to fritter the best part of the companies remaining cash balance on activities that are NOT VALUE ENHANCING?

Brad himself has already told you squarely the market will not ascribe value to JV’s at such early stage.

please don’t insult everyone’s intelligence trying to spin that sh@t

Yes one day you will be correct that one’s junk is one’s treasure but then it’s also true to bod have reduced this to AIM junk s”it status in first place! Let’s not forget that

I would say they dropped the ball after handing over the operatorship but now based on the fact they clearly had no understanding of the JV legalities it would be fair to say they never controlled the ball in the first place.

And to think that Brad and Louie were stuffing as much cash an Options in their pocket while all this was going on and preventing AIM holders votes at same time is just disgusting.

Again LSE please close my account to prevent me commenting or I’ll just come back to criticise again.

Message for LSE and Donal, why do you ask these questions then let them swerve?.

Why couldn’t Louie answer a simple Q like what amount he would sell ANza for min?

“You’ll know when you know” what sort of response is that!

What’s the point of the whole charade? The webinar leaves everyone guessing even more and has not reduced ambiguity, in fact it invites more Q’s than A’s.

Waste of time interview, CEO role wasted on BG all a total waste of time and basically let them off the hook.

Please do me a favour and close my account/username for good to prevent me using your site anymore.

It’s like watching soap operas you know the acting and writing is crap yet still you watch!

Please do close my a/c thanks

AGEOS you have mentioned that you were a CEO involved with mining contracts and you have presented yourself as a bit more knowledgeable than the avg mug punter.

However you did also say very recently that dilution not a concern as the project will be well advanced and reflecting a much better valuation by the time it occurs.

Fair enough if you were simply just wrong but I’m wondering if you stand by your comments now?

i’d prefer it if you were ceo bt. but you’d have to undo what’s done. impossible?

we were all led to believe directly by brad he had a negotiating position, “they can bugger off” interview just one of example of phase 2 or 100% back to omi

it’s evident now that there’s a gaping hole in the jv contract that’s been exploited, brads already trying to cover his **** mentioning that he inherited the contract but he’s had years to understand it and provide guidance around it.

it was easy to understand that if there was only a 90 time limit on entering in to the jv p2 but no time limit on closing the jv p2 it’s a massive hole that can be exploited.

he misled previously calling his jv’s “free hits”

he misled on guidance around jv

played hard and fast with the truth so he could justify his grubby fingers in the pie.

crap ceo, poor character too. pr@ck in fact who i can imagine from the arrogance he demonstrates in interviews rubs people up the wrong way.

firmly put in his place now by the majors but i take no satisfaction as many holders paying a heavier price than him for sticking with his contradiction riddled guidance.

If he hadn’t intro’d the JV’s that nobody really wanted other than him (just so he could create a performance metric for a 30k payrise) there would be far less pressure on the SP and he wouldn’t have to be talking about raising money when he just happens to be in London.

An extremely unfit and incapable CEO, might be a good GEO but who gives a sh@t at 4p odd

Chicken I suppose he could be using brinkmanship but doubt it. No friedlander is he.

But if anyone that reads this board can explain how he can dilute the project level %’s by issuing Top co/Omi stock i will be truly amazed.

Chicken I assume you heard his comment about raising money to dilute as preferred option?

How does issuing stock in OMI dilute the 51% Anza stake. That’s project level not top co?

He might dilute newmonts holding in OMI but Anza would still be 49/51

Seeing his brokers in London I reckon

“Drill drill drill!” Oh dear

Payrise and optIons dear oh dear

My personal fav was that the majors wouldn’t hang about and would prob spend 20 mill in closer to 2 years than 4!

Brad just looks totally out his depth/ridiculous, only those of us who retained even a small holding look sillier than the Ceo now.

One of those that i will bottom drawer rather than dump as imo 9 mill mcap already reflects the bulk of the damage.

Sentiment could show 2/3p if many throw in the towel tomorrow but if they end up keeping the majors and Anza gets shelved for 12 months it nears they keep about 3.5 million cash.

9 mill mcap prob about right for now.

We can’t be surprised because the investment case had more holes than edam.

I’m just glad the truth is out, it’s ugly and as bad as we feared but at least he can’t hide now.

Is he really going to try and talk up these now potentially problematic, ridiculously early stage capital intensive JV’s on Monday. I hope not because he already looks enough of an idiot.

If he wants to raise money on AIM, AIM holders must be allowed votes.

Said all along it makes no sense to receive 2 million without terms agreed.

If a reversion clause exists on 51% then cash must revert too.

My hope is newmont step back up as sole JV partner but my question is why did they get Agnico involved in first place if they are willing to go alone?