The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Hey Aegeos
You appear to be very technically minded. What’s your personal view on the amount of gold Anza could potentially hold off the back of all current drills to date ?
Had a look at the Outcorp deal and it appears that Newmont does not have a direct stake in Outcorp unlike the set up they have here. Looks like more of a GGP type scenario over there vs their 20% skin in the game @5.4p base deal here with OMI.
Why do you suspect they’d enter in that kind of agreement with OMI, directly injecting cash from the get go for shares in the company also but wouldn’t do the same with Outcorp under similar terms.
Look forward to hearing your views, have a good weekend. PP
Or a bed and ISA - trade values are the same.
Can sell £10k in one go buy cannot buy more than £500 at a time
Onwards and upwards then....
The fact is that Newmont are in and paid up to date. My view would be that they would be looking to start spending that $10m at least a year before phase one ends otherwise it’ll all get very rushed nearer the end. September is the one to watch, now moved forward by July also. This gives us a timeline of maximum 16 months. Newmont also require the data so they can be clear on how they then wish to proceed moving past stage one and onto JV or stage two. If not before September it would not be surprising to have an action plan in place within three months post September or six months tops. Once it comes things will also most likely be accelerated thereafter as they begin seeing there own results. Nature of the beast right
From a builder that approached me yesterday, the suppliers are also a factor. An outfit like Kier shouldn’t have any issues there however due to their “status” :) Looks good moving forward
Am key working on the roads, many seem to be taking it as a giant summer holiday. There’s a clear divide between those taking it seriously and those where it hasn’t hit home yet. A second wave to some extent appears inevitable once restrictions start lifting
Can sell all 275k in 1 go if I wanted too, have been able to since last week and still the same.
Not happening though. Despite the current lows NMs 5.4p is my bottom end target.
Not too sure on the top side, have to keep asking myself what kind of return NM are expecting and until things start moving it’s an impossible one to answer so just got to keep holding until there’s reason to add further.
MEDELLÍN, Colombia — Orosur Mining Inc. (“Orosur” or “the Company”) (TSX/AIM: OMI), a South American-focused gold developer and explorer, is delighted to announce the appointment of Brad George, 54, as Non-Executive Director of the Company with immediate effect.
Mr. George is a geoscientist by profession, with over 30 years’ experience in global mineral exploration, development and financing. In particular, Mr. George has a long history in South America, having managed, assessed, and financed projects and companies in a range of countries across the continent. Currently Brad is focused on managing gold and base metals exploration projects in West Africa, and therefore offers broad and specialized skills in mineral exploration across the developing world.
In addition, Mr. George spent several years as a rated mining analyst in London, focusing on AIM listed miners and thus has a sound understanding of capital markets and financial management of exploration, feasibility and development programs.
Mr. George is resident in Perth, Western Australia, is a member of the Australian Institute of Geoscientists, and is a JORC Competent Person for the reporting of mineral exploration results.
Ignacio Salazar, CEO of Orosur, commented:
“We are very pleased to announce the appointment of Brad to the Orosur Board and we are excited that he has chosen to join us, as we advance the Anzá Project in Colombia with Newmont and complete the process in Uruguay whilst progressing other opportunities in South America. Brad has a proven track record of mining excellence in technical, capital markets and general management areas. Brad’s significant experience in gold exploration and development will be of great benefit. We now look forward to working with him as we continue to advance the growth plans of the Company.”
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (“MAR”). Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain. If you have any queries on this, then please contact Ryan Cohen, VP Corporate Development of the Company (responsible for arranging release of this announcement on behalf of the Company) on: +1 (778) 373-0100.
MMs controlling the price. In any normal market if there is such a high demand to buy yet no one is willing to sell the obvious answer would be to raise the price until you find the sweet spot between buyers and sellers. Supply and demand right ?
Possibly . That much info we don’t have as yet , here’s hoping :) GL all - onwards and upwards
Originally today was supposed to be last day of trading and all SH’s to receive 73p p/s. That was cancelled with RNS dated 7th April in the small print. Earlier today HnL were still quoting this on orders putting off buyers, It’s now however been removed and after today that will be clearly cemented that’s it’s no longer the case.
Would expect this to propel Monday onwards once today’s date is passed for the weary. 73p would have still been a catch !
This could go either way. Odds are the only way from here is up, little downside in comparison. New management could do wonders.
Positive news will bring custom - fact.
The lack of news has what’s seen this dwindle - another fact.
We shall see.. hold for gold.
The only reason RP isn’t placing right now is because nobody’s buying, even Doc Holiday wouldn’t be able to forward sell this mess. Richard took the lid off in plain sight and assumed everyone was too stupid to notice, well... he was almost right huh Stretchum ?? Haha. What kind of handle is Stretch Them anyway.. sickening.
How is this dog still even trading - volume is non existent.
PCGE research has all the info on what this company is about.
Forward selling of placing shares, time and time again, before consolidations - repeat. Massive risk of capital wipe out.
Ultimate POS share run by crooked Lifestyle CEO.
Well that’s good to know, I’m aware he was frequenting the GGP boards back then as was in that also like yourself. Yes the Newmont interest certainly does capture the imagination and will be interesting to see how we progress from here. I’ve long felt Ig hasn’t been pushing hard enough, it surely wouldn’t have hurt to carry on with the exploration campaign back then which could have pushed Newmonts hand quicker. At the end of the day if it takes 12 years then so be it, from my understanding they still need to spend an additional 10m in the next 2yrs to secure their %s
I hope so, believe you came in here off the back of DegsyAlmonds ramping all that time ago.. that’s how long I’ve been watching this share however I came in a considerable amount of time thereafter.
We know Anzá is worth more than the current company value. Newmont in a roundabout way acknowledged this on their premium.
Ig’s options surely go lost on the back on this ? Which would just leave him with whatever shares he’s holding, I’d like to think so anyway. Bit of a dick move on his part however unlike the title I fail to see the great progress he made here. Someone younger and with more skin in the game should certainly be able to make a more positive difference/impact here and get news flowing again
Let’s hope for a take over. Newmont in at 5.4p so I’m sure they have some say and if Anzá is what they envisioned back then, then unless a hostile takeover further down the line is more in their interest that they’ll want to see this slip.
Hope you managed to pick up a few :)
I’m not so bothered by them not buying, it could come at anytime. Guess they have their own plan too and are sticking to them. While that doesn’t initially help us hopefully it will in the long run.
Almost put a few tickers up the other day in response to the oil thread but it’s not something I generally do so didn’t, all of them doing well today.
Still unsure as to whether we’ve seen the bottom/end completely yet so still holding some cash in case of more opportunities. One thing is for sure, if CEO had more to say over here it would see more cash coming this way, for now it seems just steady as it goes, which has to change at some point sometime after September at the latest from my pov.