Drill campaign13 Sep 2024 08:48
No director buy and not singing like Pavarotti so we are looking at getting another explosive update shortly.
The company will want to keep the heat on. Pretty obvious long term Omi have to think about finance. I just don't fathom what he said at the mining conference and what our balance will be showing quite match. There was a strong conviction that the project is going to production which everyone can see is quite a leap.
Therefore I do think, there must be something in the wings and finance coming from somewhere avenue. There is a strong theory that MMA's balance sheet is holding some capital, creative possibilities such a Quimbaya style deal could be considered.
"Quimbaya and Independence Drilling signed a five-year contract covering 100,000 m of drilling across the junior Colombian gold stockβs project portfolio.
Independence Drilling will accept partial payment in shares (up to 50% of contract) under its deal with Quimbaya, after rigorous due diligence on management skill, the likelihood of a discovery and subsequent value creation".
What I am saying is there are different ways to skin a cat.
At the mining conference a video is played, only the audience see what it though. I don't know if it significant, clearly something that wasn't meant to be for YouTube's eyes.
We can now safely say if someone wants to buy out the project then Omi would be looking for $30 million plus. At todays market cap this is cheap.
There's is a gold boom happening and fed are going to start dropping interest rates. Gold will be the place to be.
Pepas drills are easily going to yield results and once an update comes that the drills have started, the share price will move very quickly.