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It was not the results we were expecting. Although still add to the pot compared to the previous results it was not a good result. The good news is that Agnico has completed some holes at Pepas. I guess at difference with this late holes at APTA in Pepas they would have drilled where they believe it is more likely to obtain a good result. We will find out next month. At this price I cannot be even bothered to sell plus I could not sell all my holding I guess. I will have to play it long term and top up when the opportunity presents. Entering oversold so hopefully not much downside from here.

People became too bearish and are failing to see that we are about to receive results from 5 drilling holes from APTA which has proven to be one of a kind with fantastic results. Why would you sell before those news? We Only need a really good hole to send the share price where it should be. I guess Monday or Tuesday could be the day for results before the Meeting.

Re rate coming

I AM IN. Completely oversold with an RSI of 22 on the day chart. Good support from here. It does not look to me the time to be selling but buying. Good risk reward.

For some reason Agnico can get away with not reporting geochemical results to the market even though it seems Brad is communicated some of the results. By instance the only information we were given of Pepas was that extremely positive geochemical assay results were obtained (from the March 8th announcement), but the prospect also saw the completion of ground Induced Polarisation (IP) geophysical surveys. Those results were not reported either. We know also that results from rock samples in Guaimarala returned high grades with some samples above 10 grams but not actual RNs was issued. Brad said that results were not released in order not to attract the wrong people to the project which seems to be illegal miners.

Samples from five holes (MAP-101 to MAP-105) were in the laboratory for assay. Results from these holes will be communicated to the market when they are available which I expect to happen any day now and possibly before the meeting on 26 June.

Although, OMI's Share price is not performing any good to be fair most miners are down including GGP. However, I do believe that now is not the time to sell and I am certainly not selling at this prices but accumulating. By 6 September we should receive drilling results from APTA and Pepas. Some results from the samples at Argentina and an update from Brasil relating the commencement of operations. Closing of operations in Uruguay. I hope we receive the granting of licenses for the remainder of the targets by September but it may take longer. The decision of Monte Aguila to progress into a formal JV agreement could be received before 6 September if Brad is correct. Another JV in Argentina or Colombia could happen too i.e. plenty of news in the next 2 and half months.

Fundamentals look very good, coming from oversold it should have a good re-rate.

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"