Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
That is actually a fantastic result for a £3.44 million market cap. 12.13g even at 2.5 metre is fantastic for a company with this tiny market cap. It has more gold than many companies without any drilling like Wishbone gold. I boug
I am fully loaded. Let the re-rate begin. I think next week we will get results from regional sampling or remaining 4 holes.
Pretty good results. I think this RNS was what was needed to finally take us above resistance at 30p opening the doors to retest 40p later in the year.
Newmont and Agnico took the decision to take control and progress to year 4 without waiting to receive the remaining results of the remaining 4 holes for APTA and further drilling. That means that APTA on is all we thought it was and more.
The fact that after analysing the data collected during the drilling campaign they believe that ANZA could be a +5 million Au field tells me all I need to know to stay invested.
During the Vox Markets interview Brad said that certainly APTA hit the target that Newmont and Agnico required, thus the results of the remaining holes were not required by them in order to make a decision. What they were waiting for was the results of the regional mapping and sampling across the wider lease
holding. A large program of BLEG sampling was commenced and sent to Newmont's lab so they surely they know the results were very promising. The Initial results had been promising, with two new prospect areas identified and named for future reference, Pupino and Pepas.
Thus, I guess we should receive shortly an RNS with those results followed by the remaining 4 holes and confirmation that Loryser creditors have been paid.
I more than double my investment here. Selling is failing to appreciate the significance of the RNS. 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.
The significance of this decision can be resumed by this extract from Turner's pope report back in July:
"Of primary importance for Agnico and Newmont instead is proving potential for a +5 million oz. Au field before investing time and money in drilling
to resource status. In this respect, the Board’s decision to work hard to ensure that the campaign should not be unduly hindered
by the Pandemic most certainly appears to be in shareholders’ best interests, particularly when considering drilling results
reported by Los Cerros Limited (ASX:LCL), whose nearby Quinchia Project in the Mid-Cauca gold belt on 21 January 2021
reported latest drilling from its Tesorito South porphyry target returning its strongest gold intercept ever recorded, including
102m @ 2.11 g/t Au from 28m. This further demonstration of the region’s exceptional prospectivity resulted in Los Cerros’
share price spiking some 50% on the news. Given the resounding verification delivered by its latest drilling, together with the
Board’s expectation that the further assays (that still presently remain subject to COVID-19 related delays) will produce similar
polymetallic gradings and widths, the Anzá Project appears capable of driving strong mining economics
That is what I am talking about
London, September 7th, 2021. Orosur Mining Inc. ("Orosur" or the "Company") (TSX/AIM:OMI), announces that it has been informed by its Colombian Joint Venture ("JV") partner, Minera Monte Águila SAS ("Monte Águila") that it has elected to exercise its right to assume operatorship of the Anzá Project in Colombia.
I will try to buy more at the bell. I can see plenty of upside from here.
The Toronto Stock Exchange is closed today. Thus, I guess even if they were going to release an RNS it would not be today as OMI's head office is in Canada.
Everything seems to be lining up perfectly here. Moving into India would be huge specially given the numbers of COVID sufferers. With CimetrA™ currently undergoing Phase III trial for the treatment of COVID-19 l in Israel, it seems the company is doing things right. If I am not wrong they can start selling CimetrA™ even before the results of phase III as a natural product. Thus, news are pretty good again.
Pretty good drilling results. Plenty more to come with five drill rigs on site.
Very good RNS. The fact that the RNS states "As agreed by Conroy Gold and Demir Export the terms of the Letter of Intent form the basis for the definitive agreements and the two parties continue to progress the Joint Venture on terms materially identical to those announced on 25 February 2021"; means to me that this is almost a certainty. If there were disputes about material issues then the progress would not be significant at this late stage. Also the fact that the CEO is talking about an Extraordinary General meeting means that he does not expect the process to go until the next General meeting.
Very positive RNS. Glad I bought on the dip.
Ratification was on 17 September 2019 thus, the whole thing should be concluded by 17 September 2021.
JV partners payment probably before 7 September to continue with the JV. Last year payment was made on 3 September.
I topped up. News could land Tuesday with results of Soil and stream sediment samples which had been sent to commercial laboratories for analysis back in July, and BLEG samples which Newmont was analysing. Hopefully, also results for the remaining 4 holes which have not been reported.
The big update hopefully comes Friday 3rd September or shortly after that confirming the payment of the JV partners.
Turner Pope considers an expected positive decision
from Agnico & Newmont later this quarter could add quite considerably to Orosur’s current valuation as well as being a possible
prelude to their seeking operational control some 12 to 18 months thereafter.
It seems 11.42 is the next stop which is the 50 day moving average. If it breaks that it gets very interesting.
Looking ready for a bullish reversal. Bough some two days ago and a few more this morning.
This seems like a pretty good RNS to me. High grade copper. The interceptions seems good to me too. More than 1.5% is considered high grade. Also, Copper assays have been received and announced to date on only a portion of the intercepts drilled, and no gold or silver assays have been received yet at all. So plenty to come. Glad I bough yesterday. It looks like a bullish reversal on the charts too.
A placing usually happens just after good news to take full advantage of the increase in share price. If a placing was happening, I do not think that the director would had bought, as technically they would not be entitled to do so and practically they most likely would not do so anyway.
Bought. Interesting next 14 days and remainder of the year. As some have pointed out as the share price has been so stagnant a sharp move to the upside is likely as we approach September.