We would love to hear your thoughts about our site and services, please take our survey here.
Very good. Bare in mind we touched 30% on Friday in anticipation of the news this coming week plus further news of advanced drilling and infrastructure etc etc
Friday was the bullish reversal, mon, tue, wed, thu, f are the true rerate days.
Gold is the safe haven and with world leading majors JV here carrying OMI all the way free = Risk removed hold tight and smile.
Best equipment and expertise in the business. We won’t be placing and dangling the carrot to fund new drills as the usual suspect companies do and diluting your company whilst bucket shop make coin. Dangling the JV carrot dream and putting out ramparhon interviews to get placings away. Everything is covered by the best in the business and at no cost to OMI. Next cash payment to OMI should be delivered this week guys. There are gold stocks and there are gold stocks fully funded with actual discoveries the prior is the pump and dump and no safe haven, the latter is the investment case ie OMI with its world top 2% gold discovery as stated by CEO Brad George and the proof is in the pudding with the worlds No1 & No8 gold producers Newmont and Agnico fully funding and committed to the cause.
Buy and sit on your hands and enjoy the show don’t get suckered into the rainbow chasing traders hype as your stand a chance of calling it wrong. IMHO GLA
Gold Survey of Anza lit up like a Christmas tree it was reported.
Page 7 and 8 here for Anza gold grades.
https://www.orosur.ca/files/FINAL-June-2020-Corp-Presentation-25_june_2020.pdf
Newanda plus note Newmont / Agnico are starting from a more advanced position with 24 thousand metres already drilled confirming Anza is a new gold discovery classed in the top 2% worldwide as per CEO statement which was not the case for Newcrest \ GGP at Haverion.
So what cap was GGP at the point Newcrest had drilled 24 thousand metres?
When this is 150p people will have the same mentality wishing the entered at 30p.
The problem is even if you entered at 6p some will think I’ve nailed this one now and time to go rainbow chasing elsewhere.
Research is easier with this one as one can lean on the fact both Majors have the best in the business for carrying out DD and have the pick of the crop. They picked Anza.
Sometimes you have to forget about trading and not get dragged along with the casino boys mentality.
Enjoy the low entry level if you buy.
Will be interesting what dividends OMI would be giving when the mine is at that stage providing they are not bought out by Newmont or Agnico.
Guys I’m posting for those new not the long termers.
As announced on September 3, 2020, an additional cash payment of $500k, in addition to the $500k received in March 2020, was received by the Company from Newmont Colombia, in connection with maintaining its earn-in rights pursuant to the Exploration Agreement.
-- As announced on 30(th) September 2020, Newmont Corporation, entered into a Joint Venture with Agnico whereby the two companies will jointly assume and advance Newmont's prior rights and obligations with respect to the Anzá Project in Colombia on a 50:50 basis, with Agnico as operator of the Joint Venture which is named Monte Aguila.
-- Initial funding of approximately $650k was received by Minera Anzá on October 2, 2020 from Agnico to restart the exploration program. This funding is to be directed solely to fund exploration on the Anzá Project for the 12 month period starting September 7, 2020 and is the first contribution of the required US$4m of expenditure for this 12 month period per the terms of the Exploration Agreement.
-- This funding is not related to the payment in lieu, for the shortfall of qualifying expenditure for the previous 12 month period ended September 6, 2020. The payment in lieu, which amounts to $582k is payable no later than November 7, 2020
As explained above, Newmont, and its new partner in the Anza project, Agnico, will need to spend $4 million on the Anza project between now and September 2021,to maintain its earn-in rights in the project, which should lead to an acceleration in the exploration and appraisal of the project in the coming year.
RNS Oct 19th
Monday is Nov 2nd. Anza ball is rolling from confirmed world top 2% gold discovery status with two of the worlds best at the helm. They are not sparing the horses guys. Full pelt ahead.
GGP 3.8bn shares in issue. Still susceptible to dilution.
Omi not susceptible and being paid cash by the majors.
https://twitter.com/andy47640/status/1322198192969175041?s=21
Hobby bit of research you will have more than a good feeling/hunch.
Come back if you find another minnow with the full funding backing from 2 world majors plus cash payments to any stock. First I’ve come across is OMI particularly at this low cap and no risk of dilution. Let us know. GL
Only OMI has world No1 and No8 full funding etc tho.
Zak’s 55p coming on this run. 74p to follow that for next resistance on my calcs
Zak’s 55p is coming then onto 74p resistance for me.
Expect a ggp type rerate as the market switches on here. Anza is restarting from an advanced position with confirmed gold discovery with 24k metres of very high grade gold already confirmed.
The ball is officially rolling and due to be booted into the back of the market net by OMI holders sponsored by Newmont and Agnico Eagle gold majors. Roll on the operational updates and cash payment
Tweet. Newmont / Agnico Drilling about to commence plus cash payment to OMI. Brad George CEO states expect regular operational updates. https://twitter.com/andy47640/status/1321981023803105282?s=21
Expect several day build up to funding and drilling. Nov 2nd this Monday.