The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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
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.
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."
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
I thgink this should do well from here, although looking at gold companies to invest in right now for huge gains, nothing is looking as promising as Orosur (Omi) IMO, with mcap of 5m, 160m shares in issue, massive proven gold quantities in surrounding areas, and Newmont, the largest gold company in the world invested...it's only a matter of time their imo