Member Info for karl345345

A lot of people were complaining they did not get to participate in the placing at 17p. Well, here is your chance.

Yes, directors have lots of options at the current share price. I think omi has reached the floor. The wider gold sector is starting to move up.

Re-watched Brads recent interview, he acknowledged price had fallen back but stated it can now build from here. Also I noted they might quickly move Anzá to resource stage after the initial drilling is complete. That was a surprise to me but brad is a geologist so he could probably prepare the 43-101 report himself.

Agreed tildo. Stock investing is a game of patience. I’ve been in this sucker for 7 years :/

Gold is now in a multi year bull market and if you believe Orosur has the potential for gold in the ground, it’s as good a place as any to park your money.

I need to change my trading strategy. I like to be fully invested but it’s a good idea to say have some cash on hand (10-20%?) for bargains like now with omi.

Drilling results will come mid to late January and gold will be back in a bull market by then. So looking good.

AGM tomorrow. Might get a statement but more likely drilling news will come in the new year.

Yep nothing has changed apart from sentiment. Greed on the way up. Fear on the way down.

Gold is about to start a new leg up imho. Miners should follow

Who is Joaquín Sarroca? Looks he exercised his options and bought 100,000 shares. Positive I guess.

You’re parsing words ageos. I recall you saying newmont won’t commence drilling on a piecemeal basis . Rather, they will want to secure all relevant permits/licenses which are not guaranteed because of the forest protection order.

In short , you came across as bearish!

Maybe omi are sitting on unofficial partial drill results as Jimmy says, hence why directors bought shares and awarded themselves such large share options?

Bhargav, I think ageos is a very cautious individual. Nothing wrong with that. But if you want to make big money you can’t wait for the known facts. You have to read between the lines and take a gamble which is what you have done.

Ageos, I also recall you saying that there is no way drilling will commence until all licenses are secured for the whole project.

AGM next week. Orosur could start a slow re-rate the second half of next week ahead of the drill results in early jan.

I see today’s option issuance as a positive. Price was walked down to facilitate the placing and options. Now both are out of the way. Price can now rise imo.

McGoogle, 3m oz for Apta seems about right. Bob Moriaty of 321 gold back in 2013 estimated Apta at 2-4m oz’s.

He knows his geology.

Directors could have bought in the recent placing I imagine.

Nice tight spread on iii now, 20.5-20.85p. Gonna add more ahead of the agm.

To be fair, the placing was at 20p when you include the warrants.

Been looking at Orosur’s last drill program in 2017.

16th of October 2017 - drilling started.
14th of November 2017 - first drill results.

So first drill results were announced within 30 days. Orosur has been currently drilling since the 15th of November so approx 15 days.

Might get something before the agm.

Maybe omi had an unofficial inkling of first drill results hence the confidence to raise money now?