The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I’ve spent my time looking at other shares during the current market. No point getting hung up here whilst little is happening. Who could have foreseen such an overall drop and other opportunities opening up the way they have ?
Whilst I still hold everything I had here which is a significant amount, new money has gone elsewhere. I’m patient, always have been. Tbh whether it’s sent today or 6months from today it’s going to be a pretty similar response until post September is my gut feeling or CEO decides otherwise. He pretty much explicitly said no information can be divulged without making you an insider, so unless we want to go down that route all info is available via RNS / Google.. that cannot be much clearer.. point muted.
No, I decided not to bother fir now.. especially after your emails.
Will it move anything forward by emailing, no.
Chill dude
Our time will come.
Anything positive during this market would go to waste anyway .. the other side of however - yes please
Had my first dabble at 6p, weighing it up off Newmonts entry and have added at subsequent drops since. Last top up was 2.85p. In my view it can take the whole 12 years as long as it happens.. wouldn’t even like to imagine how much I’d have put in by then xD You remember that stagnant SP of GGP whilst Newcrest were first in ? Hopefully this is just a prolonged version of that which will also have a much better flip side. Another positive... earnings have been positive since Newmont boarded on their payments alone, nobody knows the exact terms of the agreement but it does make me wonder as to the negotiations that took place and as to exactly what was expected of each other moving forward.
Ohhh I’m in alright and adding occasionally. Have been for a while.
Honestly I see where you’re all coming from but there are also positives and in times of lull we are forced to look on the bright side.
Fundamentally nothing has changed here since Newmont entry except we’re able to add cheaper than they willing to pay. High grade still exists, work is ongoing albeit slowly and we’re almost 2 years down the line which is 2 years less to wait now haha.
I’ve not yet contacted the CEO as want to sit down and put something a little more finished across rather than going over light. It’s on my to do list for sure
The biggest positive is currently ongoing... Bargain basement top up prices. In years 3-4 OMI should swing more to premium pricing. As soon as Newmont start moving these lulls will be distant history and the only way to load up will be at a premium of todays price. Given the tight free float that could be multiples of today’s price.. make the most of it !
Thanks fella . Will post back in due course
Morning Bhargav
What address are you contacting the CEO on ?
Wouldn’t mind opening a line of communication myself
Yes when you read the RNSs work is already underway. Current remapping of existing data as per Jul 19 is ongoing. no field work needed on that front. Money is been paid and upto date. At some point in the near term you would expect some form of move forward on the back of this whilst also rehashing of previous high grade results.
If Newmont were to walk away at this point then they would’ve sunk over 1m in and leave on a loss whilst paying OMI for that privilege.. seems unlikely as it’s in their interest for Anzá and it’s components to do well the way this has been set up.
You could double your monies ?
This guy is as dirty as they come. He did the same in PCGE.
Basically just means he can issue billions more shares than he previously could, which is a sign of what’s to come.
Mr always have a rinse and repeat the PI plan Poulden . If a value could be assigned to this kind of deception then his company’s would have outdone BitCoin
Well they had to liked what they saw to take 20% at a premium back then, likewise they know there’s a return to be made on it otherwise they wouldn’t have come in. In terms of spending 10m within the first 4 years, logic would suggest they need at least 1-2yrs to fulfil this sensibly, which doesn’t bring us far off to date.
How many payments are left on the 2m ? I’d expect the flow to start shortly after that/those final payments if not beforehand. Effectively, 20% of the shares are in sticky hands and as they’ve played it so slow once the news comes I’d expect this to go mental given the remaining free float. Tick tock
Conservation of cash waiting for the big Nod ? Hear what you’re saying but no need to raise at least. Maybe the BOD just have full faith in the Anzá project. It would be nice to some progress made on the work front with further projects then introduced off the back of that. Am a little surprised OMI didn’t carry on with further drilling post Newmont.. would appear they felt no need to which only makes you wonder what the exact discussions were....
It’s not just 1 x payment to keep their rights. They own 19.9% of OMI regardless - dated 10/09/2018. They are also required to spend 10m on top within the first four years, with 2.5yrs remaining and no movement on that front yet you would expect there’s a bounty of news on the horizon.
“In Phase 1, Newmont may earn a 51% ownership interest by spending US$10.0 million in qualifying expenditures over four years and making cash payments to Orosur equaling a total of US$2.0 million during the first two years of the Phase 1 earn-in period. Upon Newmont’s completion of Phase 1, it may elect, in its sole discretion, to exercise its option to form a joint venture with Orosur”
Cannot imagine Newmont didn’t do their due diligence here.. just a case of being in the right place at the right time.
Newmont holding 20% over 5p.. no ramp required
This does now look like a very lucrative entry point at this level. Newmont hold around 20% of OMI ?? at 5.4p p/s and also have the option to acquire as much and up to 75% of the Anzá Project on top of that.
At a 50% discount to Newmont price this would appear to be a very compelling investment case that’s only at this level due to their lack of movement since coming on board which could change in an instant depending on their next move.
Surely any form of RNS scheduling an outlined scope/start of works would see this into double digits overnight. Has anyone questioned the CEO with regards to when the ball is likely to start rolling or what their intentions are moving forward. Are they just happy to wait it out 12 years ? Likewise if the payments stop at year 2 to OMI from Newmont wouldn’t that mean things need to be moving no later than year 3 before other factors also then have to be considered ?
So for this to get back to IPO figures RP needs to 666 bag PCGE on today’s prices. “**** off all the non believers” COL. Very sad to think many people would be happy on a 10 bag. The guy should be locked up.
One would assume that they’re down at the proverbial salt house attending to each other’s wounds. Writing was on the wall here years ago. Kinda of ironic that RP went on from screwing over average joe to billy big bollucks also. It's a dog eat dog world out there, and he’s running out of napkins.
Nobody cares. What exactly is the point in all these posts.. what’s the agenda ??
Did you also forgot.. Callum Baxter still holds all of his shares. I wonder what he knows that the average share holder doesn’t... hmmm.