Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Nookie I think you are getting mixed up with OMI (Owens and Minor Inc)
Our OMI is not traded on NYSE .
https://seekingalpha.com/article/4567163-why-3000-gold-is-possible-in-2023
https://seekingalpha.com/article/4567163-why-3000-gold-is-possible-in-2023
We must look further forward here. Once phase 2 is completed and hopefully terms agreed for phase 3 then our mcap will be unrecognisable. If the gold price peaks around this time also then we could be looking very pretty indeed. The fact that the negotiations are being scrutinized by both sides so carefully is a sure sign there is an asset worth all the due diligence being applied at present.
Considering the lengthy negotiations, we can be reasonably sure that what we have here is worthy of the fuss that the partners are making of it. The world's largest miners do not commit to months of negotiations for a mediocre asset. The problem for us investors short term is we won't have an inkling about the magnitude untill after everything is all signed off which could take months but I'm confident once the market catches on we will be flying.
Hi Jackbal you can totally trust the word of the posters who state they have correspondence from him.
Jackbal as a few posters have mentioned, Brad has just replied to a few of us including myself so he is not totally ignoring our emails.
Chicken, there is much speculation but what is certain is that no institutions are investing in OMI until the agreement is fully signed off.
Dr exactly. If the asset was not going anywhere then you would not be seeing all this fuss and as you say Agnico have more or less revealed their hand in relation to where they think this is going.
Impecunious2, I may be way off the mark but something is not stacking up here. Brad is now on record basically saying they did it wrong regarding the latest assays and Brad further stated he was at odds as to why they would do this.
The other issue that is bothering me is a while back,Brad stated that he was not going to sign the agreement unless the partners fully released all the data to him. It's strange that so far there is no indication from Brad that he is now in possession of it and if not then he could have used this as further justification for the delay.
I am still of the opinion that because Brad thinks there is a case for redrilling, if we did so then my gut feeling is that some of the samples might produce rather encouraging results.
Also it appears that the suspension of drilling has come out of the blue and has come as a bit of a surprise to Brad. There were one or two occasions during the Q and A when Brad displayed signs of frustration with the partners so I suppose. we have no choice to see how it plays out.
I may be way out on this but...
Brad first tells the partners they are drilling in the wrong direction and is ignored.
The partners forge ahead regardless waste time and lots of cash and don't really find anything (as predicted by Brad)
Brad then comments that they need to drill from a different direction and then the partners decide totally out of the blue to suspend drilling and lay off the workforce so the holes cannot be redrilled.
I find it hard to believe that the biggest miners in the world would get it so wrong which makes you think was it done on purpose? I would have thought that if the assays had revealed a vast find then the data would have been released now possibly giving OMI a more advantageous position prior to signing on the dotted line. I'm just putting it out there as a few things don't seem to be adding up here.
Wolfy ******.
Yelacoirii I agree with your analysis. Although the SP is weak at present I'm sure this will change dramatically in the next 2 years when hopefully the whole sector improves and gold prices begin to rise. We must not forget that phase 2 will be fast tracked and the hole results should come a lot quicker than previous. I'm sure by the time phase 2 finishes they would have unearthed some pretty amazing holes and if this turns out to be the case then phase 3 will be a formality and at that point the SP will be far in excess of where it is now and closer to some of the figures you have mentioned.
There's more good news coming for sure with possibly better results. Lifted from the RNS.
"It is encouraging therefore that further holes have confirmed this first result and we eagerly await results from better positioned holes that are currently underway to get a better sense of the scale of what appears a most exciting prospect."
I think we can safely say that these results remove any doubt about the JV being signed off.
Dr I think they pretty much know how good the other holes are but need it confirmed.
Seingred
What I expect from phase 2 is regular updates. If they are completing the programme in half the time then we should get double the news flow. The fact that the partners have already overspent and continue to drill would indicate that they like what they are finding and have a hunger to keep at it. You can never predict what phase 2 will throw up but early indicators are looking good. What we can be sure of is that if they are hitting good grades then they are prepared to throw the kitchen sink at it and would have no issue in overspending if they see great potential.
Seingred
I don't agree that we are reasonably valued by the market at present. Our low mcap is a joke in my opinion considering all that we have going for us and the potential of phase 2 and 3 to follow. The depressed market has had a huge affect on most juniors thus masking our true market worth. I can't fault your strategy of lowering the average which is always a wise tactic especially on AIM stocks. We have endured many things holding us back such as Covid and lack of regular updates but I'm confident all this will change with the commitment to complete phase 2 in half the time. The SP will build as phase 2 reveals itself and will build further when there is a commitment to progress to phase 3. If the timings work out in relation to a big run on gold then I'm sure the SP will easily surpass previous highs. As you say we all have our strategies but good luck to all.
Rob I have always maintained that the fact the partners are suggesting completing phase 2 in half the time tells us all we really need to Know.