The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Zapsnap I totally agree regarding Bhargav. He has attended AGMs, posed questions for webinars, spoken with Brad and has written to him on numerous occasions plus being a long term holder. He is as informed as anyone on this forum and is entitled to be frustrated.
Rob in response to your post I'm throwing this out there. Does anyone think that our Anza partners are stretching out these negotiations purposely?
On its own and on the face of it, this does not seem unusual but when you couple it to the constant missed deadlines and the complete lack of information being given to Brad then we all know the SP has little chance of recovery the longer this persists. Is it the hope from our partners that the closer we get to the year end without any real news then the closer we are to having to do a raise not only to support our interest at Anza but our other projects also.
As I've seen before, a low mcap with no news flow and having to contemplate raising extra funding not only causes dilution keeping the SP low but also puts off institutional investors and makes borrowing money a whole lot more expensive whilst these issues feed on themselves.
There appears to be significant advantage for our partners to keep us at this position to possibly affect our ability to gain some yet to surface advantage in phase 3.
I'm not a conspiracy theorist but something is not right here and it can no longer be blamed on COVID or other convenient excuses .
Ageos, Royal Road are not just concentrating all of their efforts in Columbia. They are also going for Saudi Arabia also.
https://www.royalroadminerals.com/news/royal-road-enters-into-strategic-alliance-and-non-binding-letter-of-intent-with-msb-holdings-ltd-for-mineral-exploration-in-the-kingdom-of-saudi-arabia
Ages perhaps you should send this to Brad
It takes seconds to post a tweet. Would have been nice to have had a brief daily update of the conference but either not much happened or they could not be bothered.
Yes Dr the twitter account is a wasted opportunity
I suspect negotiations have been going on well before the ending of the last phase and longer than we have been made aware of. Although it is totally frustrating for us shareholders as deadlines have been missed and phase 2 is on hold, we must not forget that the asset must be quite substantial and worthy of the amount of the deep scrutiny that we are currently seeing. Although they won't release details of their squabbles, I suspect the biggest part of the problem is that our partners have not been sharing the whole picture with Brad regarding the data as Brad himself has alluded to this very frustration recently. I'm thinking that the asset is a lot bigger than they first thought as I've seen no desire of the partners threatening to walk away at any time and why would they if it's a potential tier 1 prospect. Also the fact they are discussing issues that may play out in phase three tells us all we need to know regarding the future longevity of our partnership. How long all this takes to transform our share price is another matter but I'm confident it's only a matter of time.
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 ******.