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Happy birthday King Arthur have a superb birthday. By the time you are 31 our sp could be 310p. Hope that’s not a deramp !
Enjoy the gins Buddy.
Yes this is true. Obviously not an up to date article as that is quite relevant along with Agnico now being a JV partner.
Yes spotted that.
So the city is becoming aware of this investment proposition.
Yes Newmont had a stake in Continental gold.
March 5th 2020
DENVER--(BUSINESS WIRE)--Mar 5, 2020--
Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) today announced it successfully completed the sale of its 19.9 percent equity stake and convertible bond in Continental Gold Inc. (Continental) for $260 million in cash. The sale was part of a contractual arrangement to support Zijin Mining Group’s acquisition of Continental.
https://apnews.com/press-release/pr-businesswire/9442467315284c879aea389b3c688715
1500oz to now 11m oz. incredible lost for words.
You have touched lucky to join the market at this time as you will find out you simply never get 2 world leading majors dealing with a minnow in this manner free carrying them plus giving cash injections.
The standard usually minnows come to market to sell a dream and pi’s get diluted to death with placings in the process.
Quite the opposite here but another difference is as there will be no placings here you will not have bucket shop goons and professional rampers artificially pushing the sp up just to get placings away, they make their living with placings so OMI is off their radars.
I see this as a safe bet in the hands of world leading gold producers who are funding everything and we are tagging along for free.
Well when gold was 1200oz Buritica sold for 1.4bn. At the time the resource was 3.6m oz with 5.5m oz inferred, it is now 11m oz and climbing. Hence Anza is hotter now as drill results compared with Buritica were equal and greater.
Orosur Mining (OMI) remained high on the stock market leaderboard with a 86% gain. The impetus for the shares to soar was a Colombia update and in particular the company’s Anza project. Here it was announced that Agnico Eagle is to join Newmont in an exploration effort, with preparations for fieldwork already underway. Orosur said it was delighted that two of the world’s top 10 gold miners are now investing in its project.
Zak . Com
So take into account Newmont had first refusal on all of GGP prospects and walked away and they also sold their stake of Buritica 11m oz and counting, all in favour of Anza. They then bought 19.9% of OMI and signed the current deal. Agnico then joined the party 50/50 with Newmont
So they expect Anza to satisfy 2 world leading majors and free carry OMI 25% so yep with the info they have and drill results to date plus all their knowledge gleaned from the geology Anza must be a beast.
Same here monty
I’m just happy the wider market of pi’s are taking the opportunity to get on board before the instis snap up all the free float and take control with their bots
But note they were diluted along the way so the cap has risen but the shares in issue have gone from circa 1.7bn to 3.8bn in issue.
No threat of dilution to the 160m shares in issue with OMI for many years to come of at all.
Just look at their chart for quick reference
Brad explained that he joined the company in May and as expected became CEO in July. The company is transitioning from a previous gold mine in Uruguay which produced 1.5 million ounces of gold until 2018, to a new project in Columbia with 'quite exceptional' asset quality.
"There are very few gold mines in the world of similar potential, and the fact we have two of the top ten gold miners in the world involved in its development speaks to that potential." said Brad. "Its 50Km South of Buritica which has 10/11 million ounces of gold, very high grade, plus 10 grams. Anza is an exact analouge geologically, its the same structure, rocks , width and grade to Buritica. What we don't have yet is the same tonnes, so we need to prove the resource.
Operations are commencing from a confirmed discovery position here and not from just a above surface survey as was the case for Newcrest with GGP. Awaiting drill results ggp sat at circa £68m cap. Upon first results the market started to believe.
Newmont/Agnico are starting from a confirmed discovery status. Anza stated as being in the top 2% of gold prospects worldwide as per CEO Brad George comments.
For info.
Orosur Mining Inc. Reports New High-Grade Gold Drill Results at APTA, Including 9.62g/t Over 6.0m, 9.42g/t Over 7.0m, 23.66g/t Over 1.0m, 5.28 g/t Over 12.0m & Further Extends Depth of Mineralization to Over 400m
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1105-tsx/omi/44716-orosur-mining-inc-reports-new-high-grade-gold-drill-results-at-apta-including-9-62g-t-over-6-0m-9-42g-t-over-7-0m-23-66g-t-over-1-0m-5-28-g-t-over-12-0m-further-extends-depth-of-mineralization-to-over-400m.html
75k buy in 3 trades delayed print from open.
Newmont had concurrently acquired $2 million of Orosur shares, giving it at a 19.9% stake in the junior
I wonder if Agnico acquires the same matching Newmont as it did with Royal road increasing its stake from 9.43% to 19.9% recently.
Suppose is adds strength to the comments of its wiser to keep what you have than gamble selling in the hope of buying in lower when the cap is so low for what we suspect the majors are expecting will continue to come out of the ground.