Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
What a beast Havieron. Perfect RNS to take us above the 50 day moving average at 12.71 for a rerate to 15p as first target.
Gold mining stock moving higher and finding interest again of the hand of GGP. We should get the 5 drill holes from APTA and maybe some of the new holes from Pepes before the presentation. It seems they just finished the sampling campaign at Argentina so those results should come soon too. They should also RNS the commencement of activities in Brasil.
Another 5K for me. Should see some relief rally before next set of results now that fear from Petro subsides
Agree Chickenlegs. I do not think that it would change much in the short term if Petro wins. However, the fact that Hernandez now has a better chance than Petro of wining the elections can only be good news for Colombia and OMI. I think we should get any time now the 5 drill holes from APTA which are in the Lab and then some results from Pepes and El Pantano.
Financial Times: Colombia’s Rodolfo Hernández goes from also-ran to the brink of power.
"Gustavo Petro won the first round with more than 40 per cent but, given that almost all of Gutiérrez’s supporters are likely to back Hernández in the second round, the leftwinger — who has led virtually every poll since the campaign began — is suddenly on the back foot".
CIZ Mentioned by Evil Knievil today.
https://masterinvestor.co.uk/evil-diaries/evil-diaries-gambling-on-cancer-diagnosis/
As expected Federico Gutierrez has shown his support for Rodolfo Hernandez thus the Second Vuelta is open. I would expect most of Gutierres' followers to vote for Hernandez. As we said in any event the policies of Petro at short term do not seems to make much difference to Orosur:
Looking at Gustavo Petro's proposals. He is clearly against fracking and it is not going to be good for oil explorers. On the other hand for mining he is against open pit mining. That changes nothing, as currently it is considered that an open pit is unlikely to be successfully permitted on Colombia’s Mid-Cauca belt. Agnico is aware and clearly believe that APTA has the potential to have high enough metal value/tonne to support underground mining. For the moment Gustavo Petro does not look problematic. It could be argued that if he wins, which is too early to know, his government is going to need resources from mining to help the transition from fossil fuels to more environmental friendly technologies".
There will be a Second Vuelta (round) on 19 June between Petro and Hernandez.
The good news is that although Petro had yesterday 40% of the votes, Rodolfo Hernandez had 28% and Federico Gutierrez 24%. Gutierrez represented what many saw as a continuation of the current government and el Uribismo de Alvaro Uribe, Thus, it is unlikely that someone who voted for Gutierrez will vote for Petro in the second round. Also, there is not chance that Gutierrez will make a political alliance with Petro given that they are at the opposite sides. All in all I think that it is far from guaranteed that Petro will be the next Colombian President.
Looking forward to receiving results from APTA, Pepes and EL Pantano. We should get an RNS confirming that the campaign at Arequimes has started in Brasil.
0.53 CAD is £0.33. Low volume in here but this is moving in the right direction coming from oversold.
DrRemington the differece between OMI and Wishbone is not just the jurisdiction. Well done those who benefited from the momentum leading to drilling and results some months down the road. Artemis resources just reminded us how being next to Haverion or the Telfer Mine is guarantee of nothing. I though Artemis was a better bet that wishbone but they found nothing. Wishbone did a field campaign and no results were released which I think is a red flag as small miners would report any good finding, except when they are not allowed to do so as it is the case with OMI. I believe Pepas is a much better bet than Wishbone's Red Setter. We have Agnico in charge of the drilling campaign compared to Wishbone. Pepas has been selected as the first new target for drilling not only because of extremely positive geochemical assay results as outlined in the 8 March 2022 announcement, but the prospect has also recently seen the completion of ground induced polarisation (IP) geophysical surveys.
With Wishbone oversold, I think that FOMO is the only thing keeping the share price. with a market capitalisation of £22.16 million having found nothing, it is clear that the share price is pricing some kind of deposit. It is going to be difficult to live to that expectation. If the first holes are bad then it is going to be a really bad drop. It may be worth a punt but I would not put the amount of money I have in OMI there.
At £18 million market cap with file holes to be reported, drilling already ongoing with 3 some saying 5 drills) and this low share price, I think OMI is a much better bet.
Drilling at the North is ongoing. Drilling following the Aragon Fault which goes through APTA and has proven high grade mineralisation. Drilling at the north has commenced upon a successful geochemical and sampling campaign by two of the best gold miners in the world. The other two drill rigs should have arrived by now at APTA and should be drilling deeper into ANZA. 5 holes to be reported any time now. Further results from el Pantano. Closing of Uruguayan operations should be reported any day now. Difficult to see why there is not excitement and buying at this levels with so many things happening. By 6 September Monte Aguila to decide into entering into formal JV. That is less than 4 months.
Hi. Doing some research for this stock?
Is it anything happening in the short term to drive the share price higher?
From the RNS in April it seems things happening late 2022 and 2023?
"Our initial work on P2478 should be complete by the end of 2022, leaving us time to make a drill or drop decision by July 2023
All of these activities will be focused on setting up a potential two well drilling campaign for Chuditch in 2023"
Thanks
Looks encouraging for first results. Could be a Polymetallic Mine which companies like Eagle Agnico like.
Looking very bullish above the 50 Day moving average @ 10.67. I Think this train is ready to go. Next stop 13.50
Two drill rigs coming from mexico, so it should not be a long process. El Pantano looks very exiting. Over 600km2 in a key gold province with neighbours such as Newmont and Anglo Gold's Cerro Vanguardia mining camp, seems the right place to be, especially given that it is much cheaper to explore. Thus, a good finding there would be much better than say Colombia or Australia.
Brad says that they will do more field work in Argentina in a few weeks. The last RNS said: "In light of the imminent winter, the Company has decided to undertake a small sampling program now, such that if results are positive, sufficient time may remain for a second follow-up program before the winter break ". Therefore, this may mean that they are expecting good results. We should know soon as unless I am wrong the first batch of samples were already in the Laboratory.
Field work to begin in Brasil too.
OMI attending -person 1-2-1 meetings between mining companies and Europe, Middle East, and Africa based investors in Cape Town
I believe this is the right time to be invested in Orosur. Plenty to come in the next 5 months. "Watch this Space"
The next 5 months should be exiting. With the current share price it looks to me like we could have a very good couple of months culminating with the signing of the official JV and payment of $2 million to OMI.
It looks like the finding of mineralisation at depth has made ANZA much more attractive to Agnico to the point of change the idea of moving away from APTA. Then, the potential should be something to look for.
Argentinian results should be released any day now I think which could be a good surprise.
Pretty positive update. It seems the awaited rich news period is finally beginning. APTA only represents about 5% of the strike length of the Aragon fault.
Good results at two of the drill holes.
Samples from five holes (MAP-101 to MAP-105) are in the laboratory for assay. Results from these holes will be communicated to the market when they are available.
Pepas looking better than expected; extremely positive geochemical assay results as outlined in the March 8th announcement, but the prospect has also recently seen the completion of ground Induced Polarisation (IP) geophysical surveys
Details of this new drill program at Pepas will be released as the work progresses
I though that the previous Colombia update was pretty positive and Agnico clearly sees the potential (These holes would seem to have confirmed the folding hypothesis, but of most interest was the intersection in MAP-098 of a previously unknown, thick, high-grade structure (8.35m @ 14.27g/t Au, 49.92g/t Ag, 3.93%Zn), over 100m below any previous anomalous intersections). These rigs are man portable as is the current rig, but with more power and a different configuration that allows them to drill to depths in excess of 1,200 metres. The current and previous rigs used at APTA were constrained to depths of roughly 800 metres. As announced on March 8th, 2022, recent drilling at APTA had demonstrated substantial depth extents to mineralisation, well beyond what had been previously understood. MMA has thus decided to bring in new rigs capable of exploring these depth extents more efficiently.
Petro and Sergio Fajardo are the favourites but they do not have enough support to win the elections at the first round. Thus, we will see the second round.
Agree with Dr.
I wrote before:
"Looking at Gustavo Petro's proposals. He is clearly against fracking and it is not going to be good for oil explorers. On the other hand for mining he is against open pit mining. That changes nothing, as currently it is considered that an open pit is unlikely to be successfully permitted on Colombia’s Mid-Cauca belt. Agnico is aware and clearly believe that APTA has the potential to have high enough metal value/tonne to support underground mining. For the moment Gustavo Petro does not look problematic. It could be argued that if he wins, which is too early to know, his government is going to need resources from mining to help the transition from fossil fuels to more environmental friendly technologies".
If we close above 10.94 which is the 50 day simple moving average a new uptrend will be confirmed. The next stop will be at 200 Day moving average 13.54.
Afritin is up 200% since I started following it in January 2021. Definitely, the market at some point will see our JV in Brazil as an strength. Specially as the costs of production will be low and the product can be sold locally in Brazil.
Still NT to buy in HL.