Member Info for MisterPositive

Route1, Glad to hear you stil alive....thought you passed away after the robot software upgrade. I am still here you moron.

Bhargav, I meant Continental shares had already gone up after their 2016 Feasibilty report. Hence Newmont paid C$4 per share for 19.9% Equity in Continental in May 2017. Unfortunately OMI did not have Anza feasibility report done and Newmont got their 19.9% in OMI on the very cheap end. It's what they will need to pay for the other 80% from here on is where the Massive Upside should come from in a Buy Out. Anybody sitting on 10 or 12p currently should just sit tight as the future potential value here is many Multiples imo.... No brainer.

* before Newmont bought their 19.9% Equity stake....

NI 43-101 report is a requirement of Canadian listing. It was introduced as protection for investors, to provide more authenticity around the Mineral deposits. It is done by independent qualified industry experts, hence is held in such high regard. Buritica had their NI 43-101 report (made up of Feasibility & Technical report) done in 2016 before bought their 19.9% Equity stake in Continental in May 2017. This is a massive value driver. I would expect price to move up before the Dec Feasibilty & Technical report for Anza comes out.

I already averaged topped up in the 8 and 9 range after the pullback from 12p.....thought that was damn cheap....lol After getting in at 5.50 on the day Newmont deal came through. Missed the opening price that day but did not care coz that one word 'Newmont' was enough to press the Buy button.

Scully, We all know AIM is news driven...price drifts during absence of news. There is no spike if you have done your research...may be for traders. Look at Clon...you said was going to 0.70 next day....drifted down to 0.34 now. It's not in our control. Dec Feasibilty report would be a major milestone and value driver at Anza as it's appeal becomes more wide spread amongs investors and Gold majors alike. Not to mention the number of interested parties from whom Newmont were chosen. This will be on the radar for many. After Dec Feasibilty report, pressure would be on Newmont to make a move OR another Gold Major can come in anytime with a knock out Take Over price to take Anza right under Newmont nose....unless Newmont are the ones who pushed for the Feasibilty report in the background to establish value at Anza before making an offer to Buy Out. They got the cash ready to deploy. There are many possibilities that can happen here. IMHO. DYOR.

announcement got lost in the RNS by the looks amongst overall market volatility. I was bit surprised with the time frame provided. Thought it might come after more drilling, but seems there might be something going on in the background. Company wants to highlight value of Anza and best way is via Feasibilty report so that the project economics are visible to the wider investment community. High grades from APTA are there for all to see and the Project economics look robust but still need to be highlighted for investors. May be the company believes there is enough drilling results from APTA to date to commission the Feasibilty report now. OR There might be more drilling coming up in November to be incorporated into the Dec report as mineralisation is still open in ALL directions. Buritica has NPV $860m at $1200/oz base price for 3.7 Moz Gold and 10.7 Moz silver, which jumps to $1 Billion at $1300/oz. Just a few thoughts.

I do not need to quit anything. Happy where I am. Gave you benefit of the doubt initially.....no more. It's you who comes across as dumb and dumber......

I am not flogging anything.....this is not a pump n dump....you cannot just paint all AIM companies with the same brush. With Newmont backing and fully funding OMI, this is now an investment not a punt. There have been many AIM success stories also. Solgold is best example as OMI could soon follow a similar path. IMO.

Yes Chicken... You told us when you came here that you got £1200 of life savings you put in here, etc.etc.....hope I have made the right decision, etc....its all there in your posting history. And now you come across as some hotshot trader material....bragging about your profits....smart ones do NOT brag....they stay humble.

Chicken, What?....this is a volatile share??? It's been a slow drift for last 2 weeks you nutcase.....LoL If you want to see what Volatility is...,you should have traded a few tech stocks on the Nasdaq today....you would have been chickenfeed within 5 mins...lol

Chicken, Instead of being a lazy buggger, go and find answers yourself for a change. Or ask your imaginary financial adviser.

Chicken, You come across as more dumb than originally thought. How can anybody give you a resource estimate for Anza when that info is not in public domain? They just announced it today that info will be filed in Dec 2018. Buritica is the nearest proxy (literally) being just 50km away and similar to Anza. You can carry on playing dumb...in the meantime...

Chicken,

You need to read posts properly.

Orosur have today also commissioned the NI 43-101 report , (same as Buritica got one done back in 2016 that put $860m NPV on Buritica @ 1200 base Gold price & over $1B @ 1300 price).

Obviously NPV $$$ figure for ANZA will depend on following factors:

1) Gold + silver ounces
2) Gold + silver prices (what base figure will be used, 1200, 1250, or 1300, etc.)
3) AISC unit cost/oz
4) Gold and Silver Grades

just to name a few.

It covers Feasibility & Technical Reports.

FYI - I am very happy with my holding here.....people can trade all they want. Want to add more here, funds permitting.

Chicken,

Last RNS was not good ?..........really ?

You obviously do NOT know the meaning of NI 43-101 instrument.

Below is just a high level overview, so you don't run to your Financial Adviser every time........LoL.

> Understanding NI 43-101 Language:

There are two primary concepts that are important to understand for investors when referencing NI 43-101 reports defined by the CIM— 'Mineral Resources' and 'Mineral Reserves'.

This is the 'Technical Report' and 'Feasibility Study'.....same as was done for 'BURITICA' gold deposit.

That KEY take away from today's RNS was lost in the volatility by the looks.

Some people do NOT even realise or understand the significance of NI 43-101 report.

Have a look over the weekend at the project economics for 'BURITICA'....which is very similar to ANZA.

SOURCE:
“Buriticá Project NI 43-101 Technical Report Feasibility Study Antioquia, Colombia”

FEASIBILITY STUDY:
http://www.continentalgold.com/en/continental-gold-announces-a-positive-feasibility-study-for-the-buritica-project-2/

...it was this report that assigned the NPV US$860m figure @ $1200 Base price Gold and $15/oz for Silver.

Buritica NPV at $1300/oz is over $1 Billion (for 3.7 Moz Gold and 10.7 Moz Silver)...i.e. Mineral RESERVES.

Mineral RESOURCE figure was NOT even included in the above NPV US$860 Million.

BURITICA:

http://www.continentalgold.com/en/projects/buritica/

Yuri, Very happy here mate. Wait for Anza Resource numbers in Dec. won't be seeing these prices ever again imo

Correction $1241 was spot price Dec Gold future touched $1244.70

Wonder where the Gold price be in Dec.? Over $1300 would be my guess.

Dec Gold future $1241