Member Info for Seingred

Zijin is a listed company

Karl, what I have read is that that they aim to give land title to artisanals and try and Eradicate illegal mining . Sure there may be other things like environmental perhaps. I guess it is possible that clarity is wanted on this. There are a few outstanding arbitration claims in Colombia so not beyond the realms of possibility .

Mrs mapp, why not open an account with someone else. I recommend Freetrade. You can just put £10 a week out your pension every week if u want. No dealing costs.

Isa, I may do. All the time we are rising daily I am hanging on. I do want a de risk soon though , but obviously the higher the sell point the less I need to sell to de risk. Not a precise science and always good to be adaptable , however being greedy has often been a mistake in this game in the past generally personally. 17 p sold at 40 p would be pretty decent but just try and judge the movement as we go. Obviously if we hit 40 p and still looking strong without news then maybe hold off a bit longer. Also might well just start selling small ammounts to spread it.
I won’t be too sick if I sell some too soon. If we heard more defined talk of a full takeover then more likely to stick it out longer.
Anyhow good luck .

I mentioned a couple of times that nick v s was negotiating jv deal for Arcm . He is also a director here. Worth checking out. They have signed with aal with a few provisos. One thing that stood out for me is the data and rns will be released by Arcm. Havnt had time to give it much of a look but worth checking out.

Isa, if this ends up being connects best ever investment he must have a very poor record. Connect , hoping you at least break even. I think if you have an average of less than 60 p you have a decent chance . Timing is the obvious thing to take from this share and the fact that holding fast whatever the news is not always wise. There have been two opportunities to buy under 20 p and multibag over the last 5 years , both preceded by sensible reasons to sell and painful dilution. As long as it is a takeover all is good, wary on asset deal personally.
Very best of luck connect .

Not suggesting it is likely but not impossible . The stated aims were to cut off the cash supply to ortega from one of its largest incomes and relatively low employers. Disagree that a further move on gold sector is priced in but hopefully wont be an issue if we get this sale up and running particularly of it does go chinese.
Anybody thinking the orange fascist or de santis will be any softer on sanctions is deluded but hopefully we will be long gone by then.

I think it would be reasonable to assume that if there are 4 offers and 3 site visits that one of the upcoming site visits is the outstanding offerer. That leaves one extra. Hopefully we are whittled down to under 6 in phase 2 and it is stated that we are looking at a takeout rather than asset sale . I think that is the better scenario for investor clarity. Everyone knows then that offer divided by fully diluted gives your s p.
Barnard ,isa, not derisked yet. I didn’t buy in the 15 p offer as I sold most at 30 p on sanctions news. Bought back at 17 and very low 20 s. Gauging how we are going atm. If we get more clarity on a full sale my strategy will change but still want to de risk . The old greed factor is always hard to fight off. Now hoping for 40 p before news. However I did sell some Omi at 8 p to buy around 22 p and since Omi has dropped would like to return a bit there. Also cannot totally rule out a bit more sleepy joe electioneering loools.

Punter, agree with comments about 40 p, seems pretty obvious. Again peeps forgetting the 230 m fully diluted numbers which means even a £150 m offer still gives under 70 p and that’s in a full takeover situation.
I think mc confidence in geo political improvements based on release and deportation of political prisoners may be misplaced. The us has just sanctioned 3 judges that stripped them and others of their Nicaraguan nationality. Easter gatherings restricted . Lavrov is in Nicaragua now and Ortega has moved from abstaining to supporting Russias war in Ukraine along with Syria, Belarus and good old North Korea . I will be following this one carefully. Since the more moronic on here think that sanctions are electioneering it surely folllws that since elections are getting closer the risk of sanctions should rise. Of course this is a nonsense as the republicans are more hawkish , trump initiated them and most Americans have no clue where Nicaragua is.
Anyhow I would like to see mc clarify a clean sale of the company as I believe this is what would push the s p to its max .
45-65 p in a takeout seems decent to me. Good luck .

It makes sense to me that it starts when signed . I mentioned that nick v s is carrying out Jv negotiations over at arcm where I have a holding . It’s taking an age with multiple extensions. Majors always hold the upper hand. However I imagine his experience may be useful for Omi .
I have a number of reservations but am starting to buy back here, selling around 8 p and sticking in Cnr was a risk but one that is paying off at both ends atm , still a bit further to go there but I want to de risk soon and bring some back here , particularly if we go sub 7 p which looks possible.
I have learnt the hard way that just sitting on your hands doesn’t pay in aim , it is sensible to manage your holdings to benefit you. Peeps generally give too much credence to pr and ceos and treat them like blue chips. Hell you can’t even treat blue chips like blue chips any more.
Best we can do is keep our averages as low as possible so that when we get news we don’t need to buy at double todays sp. Explorers generally not doing well currently .
Good luck all

Ageos, thanks for your research on this and geological. Unfortunately I find it generally best to be sceptical not just with Omi but with aim companies in general and paid for research notes particularly.

Cheers ageos. Always a bit sceptical when accepting “ implies”. Does it state in black and white that it starts from sept last year ? I am sceptical, sounds more like an grey area to me. Agreed though if we receive that rns soon $4 m is a pretty small ammount and could be spent fairly quickly. I imagine if things are progressing that there is no reason why drilling shouldn’t start before all is finalised or in fact as most here we’re expecting never ceased. We wait for that rns . Should give a nice lift to the sp when it comes.
I note collective have recently raised $ 30 m to spend on exploration and will have 4 rigs turning this year. I doubt that they have raised for 4 years of exploration capital.They also own a large ammount of the issued capital.
With your Colombia links do you have a costing per ounce for exploration. Personally I don’t see $20 m producing the kind of resource estimate many here expect. I realise that they can spend more and in my view will have to spend much more. Interested in your thoughts.
I have given the possible flaws in the model here but I agree that when phase 2 starts giving results the sp should move considerably . Imv once we are heading towards and into resource estimates and hopefully good results we could see some v good movement my only concern is which side of a raise that is.
I am currently buying back little bits on the pullback. Could be further to go yet.

Yeah I am relieved to have hum in the blue . Producers all doing nicely , only bum one I hold is first majestic but not even too far away there after adding a bit on the last crash.
Clean sparks my best miner tho this month ;).
Nice steady rise here , my de risk point is looking good.

E l. Yes I get the available funds scenario. Cost averaging is fair longterm but cannot see it as a particularly relevant one in the short term but each to their own. Personally I think v low 30 s still offer decent risk reward but towards 40 p I think is debateable in the asset sale scenario, straight takeout different .
Nice link cambells.
Whatever strategy or average, good luck .

Ageos, I agree that funding should not be needed until next year. my point was that it looks like we will be a year behind schedule of phase 2 drilling. The fully funded story is running out of runway with little progress. I doubt that we can go much below $500 k before raising and costs invariably are higher than forecasts whether they be company or posters forecasts.
My opinion is that we will be lucky to get beyond h1 before raising and I think it is debatable just how far into phase 2 we will be by then. Time is more of a friend for majors than Omi .
Bhargav pretty much wraps it up.
I am curious to know how many ounces are forecasted and how much the spend will be. $20 m is small beer . I am in calibre A mid cap who are spending between $30-40 annually.
Reading through toons posts He forecasted Omi being bought out a couple of years ago , but if you want to take out a minnow what better way than taking time out from progress until they are out of cash?? They could spend $20 m in a year. There is no rush for them meanwhile Omi cash is draining. That’s the negative possibility, obviously your scenario of drill, results multibag m cap before raise is very possible but in no way nailed on.
Been adding a few recently
Good luck all

Good luck nm, did all my buying at 17 and v early 20 s. I am looking for selling not buying . Why do you want to pay 40 p when you can buy today under 32 p ??? Goo luck .

Punter, the sooner that is relayed to the market the better imo .
Lavrov heading to Venezuela and Nicaragua soon.

From the recent vid I picked up that there had been 3 site visits but 4 non binding offers. Two more site visits. Would be logical that one of the two upcoming visits would be the outstanding offerer? A possibility that one offers has prior knowledge of course I guess like fm or equinox.
I hope that once we are in phase 2 we are not above 6 and we just go for sale of company.

Phat, I think the smart investors already accumulated on the dips. Now it will be the sentiment followers. For me sun 11 p was topping up time. All looking nicely poised here.

The village idiot who put all his savings into frr questions if someone else knows anything about investing. Pure comedy gold.