Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Incredible we are yet to receive news. However, a bottleneck effect seems to be forming given that we are yet to receive drilling results for four plus months, BLEG results and regional results, Tin JV, news JVs, License news. News about Monte Aguila having taken over ANZA should be around the corner too. At least we are not receiving news about placings as it is happening with many other junior miners. A placing should not be seen here for a long time. Monte Aguila to spend at least 4 million in drilling so it should be interesting once they take over.
Cannot agree more with the description. 120.4m @ 10.0g/t Au & 0.66% Cu is tremendous. The other results are excellent too.
We are not privy to all the data that Newmont and Agnico had before deciding to go into the fourth year of Phase 1 and assume control. They have decided to invest more in ANZA why I would not trust their expertise. Looking forward to that long waited drilling results.
Another top up for me. Too many news short term some of which we know will be positive such as BLEG sample results. Cannot wait for Monte Aguila to update the market as to drilling plans. I am convinced that APTA still has a lot to deliver from the remaining holes the high grade plunging shoots identified in July and which according to Brad is where the cash is as economically being significant and which where the primary target for ongoing drilling. It has been 3 months and 3 weeks since that update, so those results should not be that far either.
I just heard the Vox Markets interview as I have been away. Although the process to transfer management of ANZA was a complicated one it seems should be done by the end of this month and beginning of next month. Next set of drilling results should be finally being released shortly. I wonder whether Monte Aguila will decide to use a different laboratory to the Peruvian one as the timescales have not improved at all and it seems to be getting worse. Tin JV still on the cards. Hopefully, new JV additions with other commodities that are more attractive to investors. Looking to make my last top up before Monte Aguila starts progressing ANZA. We know Newmont and Agnico have the expertise and resources to fast track ANZA. The only issue we had with OMI was the time between updates meaning that people got bored and sold. All the drilling results were good or excellent. once that is sorted I think we could have a more sustained increase in share price.
Those are some fantastic results. Looking forward to the upgraded MRE.
Once again CORA delivers. Still more to come.
Another top up for me. Agree. Below placing price. With the seal of approval of Newmont and Agnico to not only invest more in drilling but take control of the project I am not selling. Disappointing not receiving results for the last 4 drill holes and regional exploration results. The good thing is that given that three months have passed since the last drilling results the next set may include results from the thick high grade plunging shoots identified which could be very good results.
So many reasons to buy and hold.
Results from at least 4 holes to be released any time now. BLEG samples and regional work soil and sediment samples to be released too. More attractive to me is the release of results from the high grade plunging shoots identified in July. According to Brad that is where the money is and are expected to hold the lion's share of the gold mineralisation. Thus, we could see best results to date from those shoots.
Another top up for me. It has work so far for me buying while most people are selling. I hope it is as with Newmont and GGP that they release assays when they receive them and also give an update each 3 months I believe. ASILAD, Monte Aguila cannot decide not to release drilling results as they are price sensitive.
Buy when fundamentals improve and share price falls not the other way round. I will keep topping up. By now my largest holding and confident it will come good. It is now 2 months and three weeks since the RNS in 4 July. This is now the longest time we have gone without drilling results this year following the previous RNS. Thus, I would say the next set of drilling results should be released next week. Fundamentals have improved dramatically following the drilling campaign, the exit of Loryser and the decision by Monte Aguila to take over operations. I cannot say I am happy with the performance of the share price but I am pretty happy with the improvement in fundamentals. Thus, I am not selling but buying more. I wonder if anyone would have sold GGP after Newcrest took control of Havieron knowind the rate at which they have carried out drilling. As I notice before from Turner Pope's analysis: Orosur board has also noted repeatedly in investors presentations that big companies like Newmont and Agnico need big projects ie a +5 million Au field. They therefore would have held off any decision to take control until gaining sufficient comfort that Anza offers this potential, given that they already have multiple of other exploration projects and joint ventures of this scale also demanding attention.
Could anyone please share a schedule of news we could expect for the remainder of the year. It would be helpful for anyone who is new here investing or who like myself lost a bit of track. Thanks
Good move yesterday in Toronto with the share price up 12.7%. Today should be a better day than the last two for gold miners and the market in general.
It seems markets later in the day reacted favourably to Evergrande pledged to pay the scheduled coupon on a yuan bond that is due on Thursday. "That provides some reassurance," said Ryan Felsman, senior economist at brokerage CommSec. "We may see certainly some improvement in terms of the volatility...it looks as though we're going to see a little bit of a risk rally," he said.
We should also receive Soil and stream sediment sample results from the regional exploration and BLEG results.
From RNS on 6 July
Prospects and Sampling
Mapping and sampling work is challenging due to rugged terrain, and the need to maintain strict Covid-19 protocols, but results have been positive with identification of favourable lithologies, large silicified boulders, quartz veins, and pervasive sulphide development.
Soil and stream sediment samples have been sent to commercial laboratories for analysis, while BLEG samples, requiring more specialised assay and analysis, have been sent to Newmont's in-house laboratory in Denver, Colorado for analysis.
For some reason the last three drilling results were on a Tuesday. It is definitely time for drilling results to be released.
The drilling campaign at APTA has been a complete success. APTA is even better than expected. Monte Aguila did not have to wait for the remaining drill holes to be analysed before deciding that historical drilling and the recent campaign has showed that this part of ANZA is proven. The available BLEG Analysis must have been really good to get two majors to assume control of ANZA. We know that the World largest mining company would not be taking control of something that was not what they believe to be a 5+ million ounces of gold. Happy to hold and buy on dips
Webbs. Most people were also selling in the 13p range the day before we receive the drilling results which sent us almost 100% up, in fact the share price went down as much as 7% the day before the RNS. With the next set of drilling results any day now I am not selling. I topped up yesterday.
Some people may think wrongly that there is not much left to see from APTA, which is wrong. The strike lenght in excess of 800m remain open in most directions. The last setvof results MAP-083 to MAP0.91 have identified a number of Very Thick, high grade plunging Shoots surrounded by a lower grade Halo. Such shoots are considered highly significant given that they are expected to hold the lion's share of the gold mineralisation and I believe it is where OMI is concentrating drilling.
Thus, we could get some bonanza results from that area. Last drilling results on 6 July came 2 months after the RNS on 4 May. I think next drilling results should be released any day now.
Pretty happy with those results. It should be a good day here. Hopefully, we can stay above 20p
Just reading a couple of posts as I am back to the office. People be careful with the experts who mis-inform investors. Medellin which is about 50 miles from ANZA and is known as the City of the eternal spring. Thus, although scattered thunderstorms happen is nothing compared to places like Mali or other parts of Africa. Brad in one of the interviews confirmed that there is not comparison with hostile environments such as the one found in the Paterson Province - Havieron. I do not think anyone has stopped working in Antioquia because of some rain. What is more it only lasts from October to November. What I know is that drilling results should be released any day now. News as to JV could land anytime too. Permits and other Proposed JVs are in the pipeline too.