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Just checked there are no notifiable short positions open. If anyone has a small spread bet short on this they will likely be burnt on lifting suspension as when we come back it will be with funding complete. It will probably spike up when we come back pending further news also.
GLA
Looks like most of the traders were out yesterday with support counteracted by those realising OMI are now back on the Colombian gold playing field.
As Brad says Newmonts News flow restrictions are now removed the busy news flow period has begun.
Same
I think that Anza is now back on the playing field we haven’t got close to this being priced in yet by a long shot. 15-20p is fair value now if not 20-25p bringing us back to where we came prior to the Newmont heal Dragging.
I’d like to see some new Tr1’ support from now.
Newmont Tr1 is at 15% …. Separate from the JV deal.
Good consolidation day ready for the next level. It will come. We know the barrels are loaded for a busy period now plus gold has started its bull run it’s just the masses can’t see it yet. The central banks are buying gold like crazy so the miners will follow once the value is spotted.
Perfect storm has started guys. Hold for gold.
We are in a bull flag also, plus day 3 is usually the largest rise of a bull run.
Brad should update this week going from the interview info.
Ticking up now.
• Newmont/ Agnico took over in 2018.
• Over 36,000m drilled, mostly at APTA
• Mapping shows major porphyry system
• Drilling at Pepas began mid 2022 - spectacular results in early holes.
Cap is tiny now for the massive upside. They are hitting the ground running from operations already complete.
Speculate for what’s to come in a gold rich province.
All hands on deck at Orosur Mining …!
Concentrating on 5 day drills. News will rapid with shallower drills in targeted areas. Lab has said 3 days for results.
News rich period has begun.
Drilling rigs arranged plus labs with a 3 day turnaround.
Terms of agreement agreed we are off to the races from today.
Brad “this is the end of the beginning this is the start of the firing gun”
Gold is in a long term Bull Run and is under the radar of the majority of pi’s. All the central banks have been snapping it up worldwide. Soon the institutions wil start driving the price up yet again. then Pi’s will follow.
Lots of investment in exploration and producers will follow as demand for physical gold over fiat sinks in.
Real currency over fake paper
All times highs are in again today for physical gold the Bull Run is strong.
Measured move up should give us 6-6.8 on this move.
The agreement is that OMI will only pay anything once all risk of development has been removed that is once in production.
Intraday cup n handle forming guys. Could be building to a big push. 6.68 gap target next stop.
Gold now 1735 GBP live. New all time high.