Member Info for karl345345

TJ, LegalWolf, that’s one reason I don’t engage with bhargav. He thinks omi owe him a reward. No they don’t.

You invest your money and if you lose that’s your fault, no one else’s.

He can’t accept he made a mistake so blames the bod instead. He had ample opportunity to sell out but didn’t.

Why?

Cos he expected the bod to save his investment!

4.7-4.75p spread today. Makes a change to have a nice tight spread.

Nice purchase Jambor. The market is giving investors plenty of opportunity to add. Back in 2020 the price went from 5p to 40p in two weeks which is not healthy. Much better to have a slow build over 6-12 months which will be more sustainable.

Bit of history about Collective Mining. They know Anza well. They are the former directors of Continental Gold which was sold to the Chinese for $1 billion. Originally Continental owned the Anza land package which they sold to Waymar Resources who in turn sold it to Orosur in 2014.

They're probably kicking themselves for letting it go. Not too far fetched to think they might want to get back in at some point. Collective only set up three years ago and has a market cap of $300m already but the directors were rich from their Continental pay day so had the money to invest and drill.

By rights, newmont and agnico should pay orosur a break clause penalty fee in cash for pulling out of the deal. They won’t though. I’d like to see the details of the new agreement which could, if we’re lucky, be advantageous to omi in some form.

Bought a little £2,200 worth @ 5.312p. I don't mind paying more if the share price is going in the right direction. There is that old stock market saying, 'Add to winning positions', so that's what i'm doing.

10-15-20p is a no brainer here on a 6-12 month view imho

I think news will land next week. All the lawyer stuff has been sorted already hopefully and its just a matter of due diligence as Legal Wolf says, so yes, news could land anytime.

Fair point imply. I'm prepared to wait until mid may though they did give the end of april in the last rns which is quite specific.

This is the week to position yourself ahead of the next update imho. Next Monday is the 22nd of April so there is a small possibility news could drop next week. If not, in the next 2/3 weeks. Not long to wait.

Bought a grand's worth just before the close. I had to do it NT but the deal went through at 4.8p fortunately.

Doing my bit to mop the sub 5p stock.

Rob, gold will surprise to the upside. A few hundred dollar pullback will occur, but from $3,000 imho. etf gold outflows still occurring and the public are not on board yet.

Brad does need to change the name of Orosur Mining to Orosur Gold, after all, omi stopped being a miner 6 years ago.

In terms of the gold price, we might get a pause at ,$2,500 en route to $3,000 this year. Its an historic breakout. Nothing but fresh air ahead.

Gold won't pause until we get to $2,500 I think. By the end of the year, $3,000 is a distinct possibility imho. In a few months, the market will be throwing money at junior explorers.

Yep, jurisdiction is an issue. The market will account for that in terms of valuation. Would you say underground gold is generally higher grade? Thats my understanding.

**150m** should say

Comparisons have been made with ggp. Their first drill hole in Havieron (121m at 2.93g/t gold) was similar to omi's first drill hole at Pepas (150g at 3.5g/t).

Worth holding on here imho until we have set of drill results from Pepas. It could turn turn out to be a monster, fingers crossed.

If we hold steady around 4.5p which is the warrant conversion price, it sets us up nicely for the next RNS at the end of the month.

Impy, the fund raise perplexed me also. Was it pushed by TPI? Wasn't expecting it at all. I note TPI were granted 1.7m broker warrants at 2.95p with a very long vest date of 2029.

Break, I noticed that tweet this morning as well. Not sure if I understand correctly the gist of what Brad was saying with reference to grades from that first Pepas hole:

The white coloured silicified parts were running 1-2g/t with some higher numbers in the small veins, while the heavily altered brown parts are 7-10 g/t Au.

The problem is these heavily altered brown parts have by definition lost all of their internal structural information as a result of being so heavily altered - but its a good problem to have.

The original rns did not give a break down of the high grades within that first hole from memory:

If the share price gets to 10-15p in the next few weeks, will warrant holders have a strong incentive to convert now, instead of waiting for 6-12 months? They could sell and bag an instant 100-150% profit which is probably not a bad deal for them given the short holding period. Plus, omi could do with the money asap to continue drilling.