Member Info for MisterPositive

BUY 309,859 @ 7.10

Peterfal,

What makes it even better..... about 47m of the 147m total shares are held by Top 3 shareholders, leaving only 100m shares in Free float. MMs scrambled hard last time when this jumped from 8p > 13p in 2 days.

Newmont
Continental
Gold2000

Money Managers Slash Bearish Positioning In Gold: (week ending 16 Oct 2018).

Large speculators cut their net-bearish positioning by more than half during the most recent reporting week for data compiled by the Commodity Futures Trading Commission.

I tell ya.....same people reluctant to buy at 7p today ........will be Buying much higher soon.

Always amazes me, when price is low, they do not buy and busy chasing rainbows elsewhere, only to be hit with further dilution. NEWMONT funding all the way.....NO DILUTION here.

When they miss the boat, then they start throwing their toys out of the pram.

coz....when this starts moving this time around........no looking back to single digits.

To put it simply back in 2017......Edison only used 219,000 oz (average) to get the 5.4p a share.

Potential Resource at Anza looks to be in Multi-million oz....

You can do the maths here......5.4p for just 200,000 oz...

How much for +5 Moz ?

This is just so so undervalued.....its not even funny....I just cracked the 5.4p price that Newmont used.

Q: Where do we think NEWMONT got their 5.4p a share ?

A: Edison Research note (2017).

That was very 'Early-Pass' valuation EDISON used for Anza back in 2017 at much less ounces & grades.

Contained Au ounces:

Lower Band......164,612 oz
Upper Band...... 273,603 oz

Grade used: g/t Au 3.2 - 3.7 (range)

Price per share (pence).....5.4p

...FAST FORWARD........to 2018

We know OMI, done so much more drilling since 2017, and hit much higher Gold grades, average c.10 g/t.

Increased BOTH...mineralisation strike length and also Depth now up to 400m now AND still open in all directions.

In my opinion, Newmont used Edison price of 5.4p as first pass just to get their foot in the door for their 19.9%.

With current resource estimated closer to 500,000 oz - 600,000 oz......this should be 3x times what Edison used in their 2017 calcs....and should be around +16.2p.

Look forward to UPDATED Edison Research note on Anza in coming weeks / months.

IMHO, DYOR.

MMs keeping wide spread to make all Buys look like Sells....LoL 6.30 - 7.00 Oldest trick in town. MMs should know folks can see through their games......still they try. May be that new intern needs better training.

I think bottom was in last week. Even then I could NOT buy ANY shares, got some around 6.50 and 6.58. Sitting on 400k shares, need some more while prices are low...won't be low forever. Target Holding is 1m shares, but funds stuck elsewhere. Will see if I can get to 500k in the meantime. Very happy with all the research here. Next year Rodney.....

Think he meant buy at 49p... Bless him :-)

AGEOS, Thanks once again for the time and effort. Building on from your previous c.500,000 oz estimate, an 18% increase brings it to c.600,000 oz estimated from what we know has been drilled at APTA so far IMO. Given that mineralisation is still open along strike and at Depth, resource estimates are likely to increase further from here on. I also read Snowden report on Anza from 2010 when Anza was owned by Waymar Resources who drilled holes 1-53. Also noted presence of VMS and other types of mineralisations present. Orosur drilled holes 54-71 after they bought Anza in 2014. I think Newmont now should have plenty of detailed data made available to them as they are on board and would be very close to starting a high impact drilling campaign soon. ATB

Newmont bought Miramar Mining for $1.5B in Oct 2007 after taking initial 9.9% stake for $43.5m in Nov 2005. Miramar Mining also restricted Newmont Mining to 19.9% in first 4 years of the deal. Despite the 4 year deal in place, Newmont bought Miramar in under 24 months after taking initial Equity stake in 2005. Newmont are smartest in the business given how they secured 'First Refusal' rights. Saw that with Miramar, and now same kind of deal been put in place at both Orosur Mining and Continental Gold with 19.99% stake in both. With little common sense & hindsight, we should see how Newmont operate. They do their due diligence once they like something and then go for it. Buy, Accumulate and Hold is the best way to play this in my opinion. Trolls, derampers, doomongers, nobody can stop the inevitable rise, that is to come imo.

Super Roty, HUGH? You back on JD & Rum ;-)) Not sure who Hugh is drilling these days? But Matd defo not drilling Hugh....LoL

Chickendinner, Yes. God is great indeed. But God also says...use your brain & trust your own judgement.

For anyone who has done proper research here, should know, potential Upside here is simply phenomenal. One of the lowest MCap with the most Upside ahead. Many investors would dream of this kind of scenario, when Newmont is in the house. There is a reason why Newmont is here. Possibly one of the hottest shares for next 12 months. Sure it will attract all type of derampers. Be warned, but stay strong and hang in there.

just checking in.....wow.......Fundy is in........WTF.......lol.

Is the weather suddendly warm now ?

Lol... Yep. Economy seats are gone, currently Premium Economy Class on sale before moving onto Business & First Class seats.

JonnyBGoode, Valid point you make and that is why Uruguay gold mine could provide a hefty return and Upside at higher Gold price & once restructuring of Loryser is completed. ANZA in the meantime is the main Value driver as more High grades and ounces are reported. It's a win win for all shareholders including Newmont who effectively own 21% Equity in OMI.

SilverLight Agree. Even at 40p...MCap here would just be £58m only....which would still be way tooooo loooowwww

Had a feeling you were trading commodities. Charts aside, I am Long Gold on physical. You think Long Gold / short Dow ? would be a good bet?

1onic, Just out of interest.... Do you hold any OMI? Or you busy doing charts?