The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Commencement of Drilling in Colombia
As previously announced on 10 November 2020, the first drilling rig had arrived on site at the Anzá project and planning was underway to commence drilling as soon as possible.
The Company is pleased to announce that drilling at the Anzá project commenced as planned on 15 November 2020 and is progressing well.
A second drilling rig has now arrived on site and once the required logistical requirements are fully in place, it is anticipated that this rig will commence operation within the next seven days.
Orosur CEO Brad George commented:
"We are pleased and excited by the positive response from the investment community, as testament to how well the Anzá project is viewed. This oversubscribed placement strengthens our balance sheet and will allow us to sustain our position with respect to the Anzá JV for some considerable time as the current drilling program ramps up and continues into 2021."
Not to mention how close this find is to surface, considerably less than half the depth of GGP’s find. This means quicker initial drilling results, much lower costs to extract, and overall, faster to get out of the ground
Best not to let yourself be pray to the likes of Webbs, I filtered it a while ago, and of course, is obviously still spouting miss information and generally talking out of his a**, for people who don’t know, just take a look at the posting history , nothing of worth, just like a couple others who have appeared. Any truly relevant and factual information regarding OMI is about as positive as it gets, nothing runs 100% smooth, but nothing has changed here. Follow the big players (the biggest) who have invested time and money, not the ridiculous comments by keyboard warriors trying to wind people up because they’re either think they know better than multi billion company professionals, or they’re just board and enjoying creating misery on days of a dropping share price...funny how they change their tune, or just disappear when it heads the other direction ;)
Moves fast because of the so few shares available. Just imagine what will happen if this follows a similar course to Buritica, which it should, going by intital findings/grades (and then some), with gold prices predicted early next year to be possibly double or more what it was when Buritica was sold for over a billion Aus dollars, and all within a short time frame. Just think about it, i like to :)
Orosur CEO Brad George commented:
"It is testament to the skill and diligence of our South American staff that they have managed to gear up so quickly and so safely for a major field program amidst a global pandemic. Challenges remain, but we remain confident they can be met. The first drilling program at Anzá in over three years is a major milestone for the Company, and the team is motivated and excited at the prospect. "
My partner of 5 years is Danish, and we both agree the Mink trade is disgusting, although i didn't even know that still went on until this happened, I have only visited the Island of Zealand to date and the Mink farming is on the neighbouring island of Jutland. The Danish people i know on the whole are great people with good morals and values, i don't think it would be right to pigeon hole a whole nation over the Mink trade, and i certainly don't think trying to destroy the lively hood of people running great businesses which have absolutely nothing to do with it, is very wise, is it? Maybe leave that kind of thinking to the Trump's of this world
It’s quite simple
Our market cap is jut 47m, anybody who researches Orosur in it’s current position will discover for themselves, the current purchase price is ridiculously cheap, and nothing else in the market can compare
Just the fact that UFO is twice the market cap of OMI, who has two big boys (one of which is the number 1 mining company in the world) leading the way and fast tracking, is ridiculous. The same goes here , as you have said many times MP, this has so much potential through multiple plays, and at a MC of just 17m, it really does seem like a no brainer for huge returns over time
Can sell my whole holding (6 figures), but can't buy a thing! ha ha, they really want those shares....well they are not getting any of mine anywhere near this crazy low price. Get this into the pounds MM's and i might gift you a few lol
Come on everybody listen to what munchbox has to say, don't concentrate on the collaboration with the number one in the world gold company that has extensively evaluated our area, or the eighth biggest coming on board, or the proven resource next door. etc,etc,etc...listen to munch, the grades are obviously s*it. DYOR