The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Continental Gold took £840m for Buritica, they now have a huge amount more proven up since, if we see similar initial results coming out, there is no reason why we wouldn’t be looking at a similar value placed on OMI, equating to somewhere around £5....but results maybe much greater, many clues suggest that is a very real possibility....then factor in the price of gold then and now, and what it is projected to do, not to mention silver
I think end game will see far north of £2!
Totally understand that post and your frustration bingo, AIM has gotten worse and worse from when I started trading 15 years ago, BUT the fundamentals will always win at the end of the day, there is only so long a share can be held back, it’s just a matter of time until the share matures and news verifies 100% what we have, and it will have to find a new trading level
Drilling to accelerate.
The original drilling plan at APTA was for a small program of roughly 2,300m over eight holes - a program designed to provide a preliminary assessment of the potential of APTA, before committing to a larger program should the results of the preliminary program be deemed positive. To this date, over 1,600m have been completed.
However, the nature of the mineralisation at APTA is such that the main breccia zone and associated veins and sulphides are readily visible. Therefore, while the situation with delayed assay results continues, the visual indications seen in core are deemed to be sufficiently positive that the decision has been taken to expand and accelerate the current drill campaign.
To this end, a third rig has been mobilised to site, with a view to commencing work in late January.
The Company will also begin the process of expanding its local infrastructure and operating capacity to allow for the introduction of additional rigs at short notice, should this be deemed beneficial to the project.
Orosur CEO Brad George commented:
"Clearly the assays from MAP-072 are very positive, and a resounding verification of previous excellent work. Delays in assay results are unfortunately beyond the Company's control and may be a factor for some time yet, however in the meantime, visual indications are positive and provide the team sufficient confidence to ramp up our drilling efforts in order to move APTA forward as quickly as possible."
Filtered that fool a couple weeks ago. He absolutely has an agenda of some sort, disappears for a while, then suddenly he’s posting every five minutes, long posts of absolute drivel! I’m in no doubt that is what he is doing, probably bashing the share for how much it’s gone up already. I’ll trust in the worlds biggest miners, the amazing fundamentals, the low £50mil cap etc, etc, etc
You need to improve on your research Amenisia, there are quite a few independents & analysts talking this up, some saying this is in their top gold stocks going ahead into 2021.
Research this well, and you will find this is an extremely rare opportunity, positivity in just about every aspect, how it will play out, how far this will go is yet to be seen, but boy oh boy, i for one am looking forward to finding out
People just don’t get it, this is just the start of the accumulation process for our CEO.. do people honestly think the man, just few weeks ago, says in an interview that we are most likely sitting on a top 2% mine, headed and paid for by the biggest miner in the world, and in the Webinar, verbalises how gutted he is he couldn’t buy in earlier, to then go..50k shares will do, I think I’ll leave it at that! lol
You must be quite new to AIM. It's normal to see these price movements , GGP had similar in the couple of pence range, as do many/most, especially at early stages. It's all about fundamentals and researching into the company, if it looks like a great investment, then to some degree you need to ignore those swings, AIM and the way MM's operate, is set up to create swings and often scare holders into selling, or equally draw them in
Exactly, director buys will be before results for sure now, that will happen, and then we will be waiting on results, i think there will be a considerable climb in SP in that time as more people take their position or increase it. Exiting times ahead i would think
Are you kidding, did, you see the size of those targets, at a £30mil MC, amazing initial grades and first drill results due soon, i know where i'm putting my money for now. Don't get me wrong, my personal opinion is GGP is a great investment, but the transformation for OMI could be huge in the near term, much like GGP has just been through. Newmont must have walked away from here, sold Buritica (nextdoor to Anza) and got Agnico on board to fast track, for some reason, and judging by what Brad has just shown on the Webinar, it really does appear to be a huge find, "possibly top 2% in the world find". Ok now that is my last post on OMI....another £1 in the swear box lol