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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.

With 147m in issue at OMI.. they have lots of room for placings and raises.

My gut tells me to steer clear of OMI. Easier to catch it on the rise than lose funds on somebody else’s whim. The market currently agrees with that thinking. GL over there...

Do you think GGP always had 3bn shares in issue... Do you think OMI will always have 140m in issue ?? Newmont paying $40m for 75% all in values OMI at $13m (25%).. given a 12 year potential time scale you can’t really call it more than that in early stage. Newmont are world leaders.. if they say 75% is worth $40m then I’d take there word for it.. OMI did.

I’d hardly call that a deal Thom. If GGP took that kind of deal we’d be back down to .3 already and Degs and crew would be here telling us how GH and all SH’s here got their asses handed to em on a golden platter by Newmont

I disagree in parts.. he comes across more like a Shepard trying to round up sheep so he can spike them and get out with bigger profits himself short term. Bottom line.. 12 yrs is a long time and the deal is crap for shareholders. There’s no two ways about it. Investing in Newmont would be the better deal there.. all things considered.

Then go back to the OMI board and celebrate lad. This is GGP right here

£12m market cap is a fair value for 20%... maybe even over priced at this point

Certainly not the kind of deal GGP wants on any day of the week.

One slight issue there Stephen.. come phase 1 they own 51% for $14m ?... doesn’t that give Newmont full control or there abouts at that point.. they’ll be the majority holder after all.

Not into wasting my time. Thx anyway.

And OMI will be left with 25%... would rather stick my funds in Newmont to be fair. They’ve got the winning deal deal there.

Make that triple. Just doesn’t add up does it.