Member Info for Mambamentality

So the increase is of 5.8%. Nowhere says that they are to be issued for any consideration. Need to look at it but if it is not something that we agree with then vote against.

Number of Common Shares Reserved. The Amended and Restated Stock Option Plan
reserves for issuance a total of 18,800,000 Common Shares, representing approximately
10% of the Corporation’s issued and outstanding Common Shares as of November 16,
2021. As at November 16, 2021, the Corporation had in issue stock options representing
7,918,978 Common Shares (approximately 4.2% of the Corporation’s issued and
outstanding Common Shares). Under the proposed amended to the Stock Option Plan, a
further 10,881,022 Common Shares (approximately 5.8% of the Corporation’s issued and
outstanding Common Shares) could be issued to Eligible participants.

I cannot see any issue with that. It is to be approved thus if do not agree with it then vote against it, simple.

Looking like a bullish reversal is on the cards. Coming from oversold it could be interesting.

Another top up for me. I am confident we should visit all time highs in the next 12 months. Newmont is not going to be ramping to increase our share price but certainly know what they are doing and where to drill. So the likelihood of striking gold during drilling should higher given the models they have been creating in the last twelve months. Not to forget that APTA is still being drilled around the area they found to contain high grade plunging shoots which will be economically highly significant. Thus, APTA still has plenty to give.

John Cornford was pretty bullish on this stock back in March when the share price was 34p. Thus, upon signing of the definitive agreement we could see a much higher share price. Unable to buy with HL later in the day.

https://masterinvestor.co.uk/equities/johns-mining-journal-featuring-xtract-emmerson-and-controy-gold/

I was losing hope with this one. Glad with the RNS. It is clear that the most likely outcome is that they will conclude the definitive agreement before the 24 December.

Last week i was asking in the GGP chat why people would sell GGP at 14p when it was oversold and the placing was insignificant as to the market cap. I managed to more than double my investment there at 14p. Now it is breaking to the upside. The same should happen here shortly. This is way too oversold now.

Another top up for me. Tomorrow is RNS Tuesday. For some reason most of our updates are a Tuesday. At this price the risk reward is even more appealing, specially given that the retrace is not justifiable looking at the work done in the last 12 months by the company.

That is fantastic news. I guess by now they have a good idea of where they want to drill next.

Received another email from Brad. He confirms that they are aware of the auction earlier next year. He said they looked at a copper project in Colombia earlier in the year but was not compelling. The land around ANZA is blocked as Strategic but some parts may be auction next year and Orosur will look at that. He says "We will look but as a small company it is difficult to compete in auctions with the big companies. We have to be fast and nimble instead. We have some plans there, so what this space".

It seems they are looking at other projects in Colombia. The Tin deal is still ongoing but lawyers take their time.

Happy to hold and keep adding. I trust Newmnont and Agnico know what they are doing. Sometime in the next 12 months we should be thinking we should have bought more at this discounted prices.

I prefer OMI and GGP which have fallen more than 50% from all time highs and are supported by fundamentals and oversold than companies going up 50% without a real reason. In the next 12 months we will see who was right. Orosur now with just over £21 million maket cap. I wrote to Orosur an Brad George Replied. He explained how if it was up to Orosur they would have been trying to ram up drilling at APTA to move it to a 43 101 resource. But, Monte Aguila is more interested in finding more APTAS. So they have been concentrating (I believe for the last 4 months) on the regional picture to find more APTAS which George believes could start drilling later this year or early next year. I want to believe that the delay in an RNS as to Monte Aguila assuming control is because we may get an RNS with confirmation of not only Monte Aguila confirming assuming control of ANZA but with a drilling programme for later this year or early next year, hopefully also with some BLEG sample results and regional sampling results. I do not like going into other boards telling people why they should not invest in a company and invest in the companies I am investing in. I just leave a comparison of market caps for reference. Although I a bought wishbone a couple of days ago it was more about technical analysis that believing they have the next Havieron. Only drilling will give a real idea.

Company Market cap
Panthera Resources 14.19m --
NQ Minerals PLC 18.33m
Caracal Gold PLC 18.47m --
KEFI Gold and Copper Plc 20.25m
Wishbone Gold PLC 21.28m
Cora Gold Ltd 0.00 27.28m
Landore Resources Ltd. 28.55m
Alien Metals Ltd 30.35m
Metals Exploration Plc 31.70m

More than double my investment this morning. Oversold on the day chart. The placing was about 2.6% of the market cap, thus nothing to worry about. Why you would sell a stock with strong fundamentals when is oversold? Perfect time to accumulate.

Well. I guess the worst I can do is to change my strategy now. Too late to do so. Should I have sold at 25p. Certainly. But now definitely is not the time to do so. I should be buying more later when the spread reduces. Hopefully, we see a recovery as they are experiencing in wishbone once we receive confirmation of drilling. Any time now we should get confirmation of the formal transfer of the project and hopefully a drilling program.

I bought in primarybid to add to my current holding. The discount seems high but it is the way this is done with other companies such as Solgold not long ago. It may dip in the morning to give a good buying opportunity.

The Colombian Government really going the extra mile to re-activate the mining sector by are proposing areas not waiting to get proposals on specific areas. The head of the national mining agency met the Antioquian Governor to promote mining in the country. Hopefully Orosur can take advantage of this initiative early next year.

Colombia to hold bidding round for gold mining areas in early 2022. "Colombia will begin taking offers in its first bidding round for gold exploration contracts in early 2022" “What we expect is to have the first mining round for gold at the start of next year,” Juan Miguel Duran told Reuters on the sidelines of the Colombia Gold Symposium in Medellin". "The agency will discuss potential projects with local communities and governments, Duran said, with a view to smoothing the way for companies which win contracts".

https://www.mining.com/web/colombia-to-hold-bidding-round-for-gold-mining-areas-in-early-2022/

It seems other people think we will not get those BLEG samples. What we know is that Newmont and Agnico already had access to those results and I guess some of the regional work results as per Brad's interview back in July where he said that they were not waiting for the last drill holes from APTA but for BLEG and Regional results before deciding whether to go into year 4 or stop. Thus, it is safe to assume that they really like what they saw. The only issue is that it would be a good boost for the share price if those were released. Illegal mining is a problem in Colombia however that is mainly in the remote areas in Colombia. ANZA is just an hour from the capital of Antioquia, Medellin, thus, it cannot be that bad.

Topped up. It seems like we could see a bullish reversal. Price of gold targeting $1900 while Bitcoin loses up to 10% at one point. Those results from the last 4 months of drilling cannot be that far plus the regional exploration results and BLEG sample results. I guess once Newmont and Agnico tell us the drilling plans we could see a fast change in sentiment and share price.

Hopefully we can see 20p again soon. Fantastic result.

It seems people are forgetting that one drill continued drilling after July 2021. Thus, that is another 4 months of drilling. Those drill holes are more targeted. From RNS on 6 July 2021.

Economically, such shoots could be highly significant as they would likely be of extreme importance for any operation at APTA, and therefore represent the primary target for ongoing drilling. The mineralisation thus far extends over a strike length in excess of 800m and remains open in several directions according to the most recent interpretation of the mineralisation.

That related to drill holes 83 to 91 ,with the point of interest around drill hole Map 0-89 which recorded 59.55 metres at 9.61g/t Au.
It seems drill holes from the last results, 92-96 did not target that area. Thus, I am still of the opinion that we could yet to see the best drill holes at APTA if those shoots are as good as Brad believe they could be. Those results should not be that far. A good hole and we could see 25p in one session.

Another top up for me. I cannot see another oversold stock as appealing as OMI. I can listen to people in twitter who have an agenda or trusting Newmont and Agnico expertise.