Member Info for mrdigit

Buritica next door sold for £840 pounds, That’s over £5 worth here with 160mil shares, could happen, either way I’m with bhargav, still a little way to go yet before settling down I would think

25 broken

If there ever was a safe haven on AIM right now... this is it

Nice RNS, I think this definitely has good prospects, but if you want to see one big sweet spot, also take a look at OMI and what they have, 24000ml to start, open in all directions, two top ten world miners Involved now and fast tracking, site next door just sold for £840mil, and market cap is currently £28mil! Apologies for off topic, but certainly worth researching

I'll second that mapp. Many thanks to Bhargav for all the early posts and info that helped me decide to take an in depth look into OMI and the endless positives. Looking forward to the future ahead and reading more views & info on this board

Excellent post Newanda, summing up why this is a investment Opportunity at current mcap. Very exited to watch this unfold

Certainly looks like like OMI might have been at least part of the reason for turning away from GGP

it was very much under the radar and undervalued two days ago, not so much under the radar now, but still undervalued IMO

At £27 mil MC, very little has been priced in yet

GGP was, Omi is now ;)

This excellent over view from Degsy shows the huge potential here newtothis22

OMI has been in limbo not knowing what was going to happen regarding operations with Newmont at Anza. The last RNS put those fears to bed and in addition another major who have been after Anza for some time actually pulled off a 50/50 deal with Newmont and created a full time team to develop Anza. So 2 majors get 75% and fund 100% operations and Omi is free carried for 25% and also revives cash payments during operations It’s a deal made in heaven. We know the gold grades are massive at Anza but how big are they for 2 world leading Majors to split 75% of it between them. What makes such a move worth their while, 5m oz, 10m oz each? They are fast tracking Anza to production and its neighbour on the same belt sold for $1.4bn. Omi cap stands at £25m with 160m shares in issue. 48% free float. Newmont hold 18.23%. 52% not in public. Ggp £760m cap 30% free carried from a less developed position with newcrest and no cash payments and much lower grade gold. Newmont actually walked away from ggp due to low grades. Ggp dems with Newcrest make sense as it is an extension pretty much of their depleted claim. For omi to reach parity with ggp you are looking at circa 50 bags today. At 100p sp the cap is only £160m. No dilution or funding issues and free carried by the 2 world leading majors. Remember ggp still dilutes to fund their other gold claims. It’s a case with OMI of buy them at this low level and let them multibag over and over as we know the market will eventually allow it to catch up to the ggp ballpark valuation which has just come down from £1bn to £760m. Massive upside now fully derisked for OMI and huge gold grades.

Yep, that sums it up well Degs!

Exactly, there will be day trading of course, but with the very real possibility of a near future buy out, many will be accumulating and hold for the huge return of investment

This is very different to most stocks...because it ludicrously undervalued. with very little stock available. That’s why it will continue to rise

Orosur CEO Brad George commented:

"We warmly welcome Agnico to Anzá. To now have two of the world's top 10 gold miners (combined production of over 7.5 million oz per year) investing in our project is testament to its potential and we look forward to an eventful year."

I have been on here regularly for over ten years, and I can honestly say I have never seen as much rubbish from any members on LSE than what Webbs puts out there

Again, for people new to this share...
Buritica, just next door to us. This gives a good indication of what really could happen here, and why this does appear to be a rare investment opportunity
https://financialpost.com/commodities/mining/continental-gold-takes-all-cash-offer-as-gold-mining-space-continues-to-heat-up
https://www.orosur.ca/operations/exploration-development/colombia/anza

some info for the newbies and anyone unsure about Colombia in regards to mining:
https://www.bizlatinhub.com/colombia-mining-investment/

I have researched this company and what they have, extensively for over a year now, and I really have rarely seen a better investment opportunity for what could be gigantic gains (been investing for nearly 11years now), and with a gold major showing it’s continuing support & commitment, after their extensive assessment...I am very happy to be invested here

Look into bhargav’s history of posts, he has made some good points regarding OMI and reasons to invest. I personally cannot buy enough, the market cap is ridiculously low when looking at fundamentals of the company, biggest gold company involvement, and the price of gold