Member Info for MisterPositive

This is going higher mate. People always get in before the news....too late after the news. You could easily miss out on 100% rise. Market does not wait for anybody....we have to make the call. Dec Feasibility should put proper value on Anza high grade Gold deposit. Each day it rises from here, more fence sitters will jump in. This should get back to over 10p in coming days before Dec.

£200m = £1.33 a share. (based on only 150m shares in issue)

I think 2019 will be a totally different story and we could soon leave this ridiculous low MCap behind us in Dec. My own prediction here is of Newmont early Buy Out around £150m to £200m level in 2019 or even higher once Dec Feasibility NPV is known. Even £200m might be at the low end, but expect this deal to be wrapped up much quicker.

on the way tomorrow I think. 7.28 was paid today. Gradual re-rate is all good and soon this will be back over 10p.

Shelly, Crazy isnt it.... Just to be at same current Ggp MCap....this would be 24.27p

Looks like MMs willing to take it higher. Could see +8p tomorrow. MCap is ridiculously low.

7p could look very cheap next year. Dec Feasibility could highlight NPV at many Multiples of current MCap which does not even remotely come close to potential value of Anza resource. I bet if they put ANZA on sale in Dec to the highest bidder, it could fetch 10x current price at the low end. I am expecting one mother of a re-rate in Dec soon after Dec Feasibilty report.

Bhargav, You moving markets again ;-))

Yep. This could keep going....gradual rise always healthy but, it's not in anybody's control. Buying pressure can spike it much more. At some point fence sitters will jump in....before the 'herd' shows up. This could perk up even more in 2nd half of Nov if it keeps going on a steady run ahead of the Dec feasibility for Anza. Do not be surprised if an OFFER follows straight after.

Gold also set to breakout. Major correction pencilled in for Wall Street in coming weeks by lot of market watchers. US Dollar at 16 month peak and set to weaken in 2019. Italy could create bit of chaos. If both OMI and Gold break out same time, then we could all have a very merry Christmas.

Any day....had no idea its already kicked off....LoL

Excellent observation. Just looked into that..,you are right about the convergence. That would be extremely bullish. 20 and 50 dma already above 200dma. 10dma should cross next...very close. Will not surprise me at all if one day out of nowhere this zooms higher by +30% on above average volume.

This time around it should go lot higher than 12-13p in my view before Dec report comes out. Dec Feasibility is a huge price catalyst. I am convinced it was commissioned by OMI management on Newmont request who might have already made a low ball offer only to be rejected and agreed for independent NPV estimate of the massive resource potential at Anza. Time will tell....as always. I see another huge benefit of Feasibilty - highlighting the robust project economics to other Gold Majors also. Anza will simply attract more attention due to robust economics and could also have very much AISC under $500/oz like Buritica. Gold majors would bite your hand off for such attractive high grade Gold deposits with such low cost/unit as not many of them around. IMHO.

May be derampers also sense a rise soon. They better close their shorts then.

https://www.kitco.com/news/2018-11-05/Gold-Has-The-Most-To-Gain-If-Equities-See-Further-Losses-Bloomberg-Intelligence.html

Gold’s “good initial resistance” is around $1,375 an ounce — the metal’s high during the Fed’s tightening cycle, McGlone identified.

The tight trading range the precious metal has been stuck in during the last few years could be a sign that prices are ready to break out higher, according to the outlook.

“If the greenback resumes the mean-reversion process of 2017, gold should head toward $1,400,” McGlone said. “The market's about as trend-ready as it gets, unchanged vs. five years ago and with the narrowest-for-longest 52- week Bollinger Bands in almost two decades. A bit of sustained mean reversion in the stock market or dollar should unlock the cage for the well-rested gold bull.”

NI 43-101 was planned for phase 3 under the Newmont deal. Given that Orosur management has commissioned it for Dec 2018, clearly suggests a deal is about and they want to put a value $$$ on ANZA. Dec Feasibilty should simply facilitate the Offer price negotiations. I used $150m as at the very low end. Personaly 'Anza' project economics should be very similar to 'Buritica' being right next to it on the same Gold rich belt.

MMs also do not have a clue where to take it.....

Dec feasibility could trigger one mother of a re-rate here.

Newmont probably know, even if they made $150m CASH offer, i.e. $1.00 per share, they still will be laughing all the way to the bank for such a steal of a price, given they paid $109m for 19.99% of Continental.

Hence better to get the independent Valuation, to avoid giving it away on the cheap. $150m would still be pocket change for NEWMONT.

I have always been interested from the start in what NEWMONT will pay for the remaining 80% ?

Same here. Newmont looking to wrap it up quickly I think. Feasibilty & Technical report under the TSX compliant NI 43-101 provides independent external validation on the resource and NPV valuation highlighting project economics. Maybe it was mutually agreed between OMI and Newmont to get an independent valuation from qualified industry experts before an Offer could be made? Similar to getting a valuation done on the house before you put in the offer to the Estate agent.

Shelly, Agree. That article was bang in the middle of Feb and then April high grade drill results which subsequently convinced Newmont to subscribe in July for token shares before coming on board in Sep with 19.99% stake.

shelley,

that article is from March 2018.....but equally gives an idea why the CEO is so very excited.

Over 200 sq.km property package now.

Since then NEWMONT has come on board and mineralisation depth has increased to 400 metres (from 275 metres) and still OPEN in ALL directions.

This resource is getting bigger by the day and we have NOT even touched ' La Cejita' target, which looks to be atleast 5x bigger than the APTA discovery.

* Charascalla > needs to be drilled.

* Extensions of APTA along the Aragón Fault are Jesuitas and Guaimarala

* La Cejita demonstrates gold anomalies associated with tonalite and diorite intrusives that cover an area of 6.1 km2
. A gold anomaly measuring > 1 km2 is present and associated with the northern edges of the intrusions. Porphyries and vein targets have been identified.