Member Info for vicjain

Can't imagine anyone wanting to sell now will make a profit or much of a profit. Hence I think those selling are just getting fed up of waiting, understandibly, and seeing the sp at these unbelievable low levels. However this will come good in time imo so i will just keep holding and top up when i can

Good luck with the e.mail. Could do with some positives from Ignacio. Seems the MM's don't want any buyers and are only looking for sells. I tried a dummy sell of 100k and they were happy to accept the order. So if they want sellers, they must be desperate for shares. Has to be a positive sign imo and just shows how the MMs can manipulate things to their advantage.

Hi Bhargav. I dont have any funds to top up with at this time. I have to have available funds in my dealing account to atempt a dummy buy otherwise i just get an error message. With dealing costs i could only atempt to buy 1 share...ironically with my very low available balance. The system would allow me to that though. I would be buying now if i had the funds as these present prices are just ridiculously low.

Seems manipulation imo. Much as i understand this is a slow play, i do feel very let down by Ignacio as regards shareholders that invested many months ago. A lack of news has really killed the sp and allowed the MMs to manipulate it to their hearts content. I invested due to Newmont getting on board and i do still believe this will come good eventually but it does seem the Newmont effect has been very bad for shareholders to date. Will still hold as the medium term positives are too great to ignore. Just wish Ignacio was able to get Newmont to pull their finger out and get things moving here.

Several sells and the sp falls very quickly then 100k buy and the sp does not move. Just shows how the MMs manipulate the sp easily. Wonder they dropped the sp to accomodate the 100k buy.... Very fishy imo. Easy for the sp to be manipulated in these quiet times.

...should say detail not deati...lol

As we both know Bhargav, this moves at a snail's pace but i do believe this will come good eventually. Also we could get a move up anytime without warning. With the present sp i believe there is a better chance of it it picking back up very soon. So always have to on your toes with OMI. Not really surprising he did not reply to your e.mail. Sadly CEO's generally rarely answer the more tougher questions in my experience. The fact that he will answer some questions though, not necessarily in much deati, is a still a plus imo.

Very quiet here and virtually no trades. Just one buy it seems showing at 3.875p on NEX for 119k. So a trade in the right direction at least and for a good amount of shares imo. Tumbleweed at the moment though it would appear. I think the sp will pick up very soon as it has fallen a fair bit from its recent highs so i reckon the pendulum has swithed to the upside now. At this price the sp is very attractive. Would be topping up if i had the funds. Anyway just watching and waiting.

Again i understand your point of view Bhargav, and i would really like more clarity on several things as you mentioned but there will always be things that a CEO will not discuss with us directly. True that your last email may be something he may not reply to. Time will tell i guess. If he does reply then it would be interesting to see what he says. As investments go, this has a lot of merit but we will need a lot of patience. This is something i have to accept but the future here does look positive imo.

Also he did point out reasons for the slow progress , quote

"Reasons for moving slow may be several: Goldcorp merger, Barrick JV, etc distractions, plus a big company entering a new jurisdiction seem obvious to me".

Yes Bhargav i do agree with many things you say but in reality he is not going to divulge a great deal. Much as i would like him to reflect on the low sp, this is something that CEO's tend not to reflect on as this could result in more grief if things don't turn out as they expect plus they cannot control the sp manipulation that is very prevalent with aim. That is the reality of things with such investments on aim. I too am frustrated with many things with my investment here but this is the reality of aim. However, the postives are that Newmont are footing the bill and desipte it being a medium term project, they would not have invested if they did not like what they saw. Yes this may take longer than i first thought, but i do believe eventually we will be rewarded big time and also it allows more time for top ups whilst the sp is at these low levels.

I did not ask about Uraguay. You mentioned you also e.mailed him. Did you receive any reply that may clear things up a bit more?

I sent an e.mail yesterday to Ignacio Salazar and got a prompt reply this morning. The basis of my email was the slow pace of movement from Newmont and the present low sp. He did not mention about the sp, which to be fair is understandable, but he did acknowledge the slow speed of Newmont but countered that with the fact that there are costs for Newmont as regards the project. To quote

"They need to spend minimum $10m in phase one, but the minimum each year increases only in year 3: y1 and y2 are 1m each, y3 and y4 are 4m each."

So really this is a positive for OMI as Newmont are funding operations. This means the burden is on Newmont and not on OMI. So i can't really see any funding problems with regard to the Anza project. Ignacio suggests this is a medium term project for Newmont so my interpretaion is that we just have to be patient as things progress here.

As regards the sp, i think some have got bored and just sold up whilst some may be selling the short term peaks with the hope of buying back in at a lower level as we await big news. There are always plusses and minuses with such a strategy. I think the sp will increase over time despite the ups and downs and eventually a big re rate will occur. Either way i feel this will come good, if not life changing, for those that hold over time. Newmont don't invest unless they have done their homework and the Anza project does seem to be in a sweet spot as i understand.

I am re-assured by the reply from Ignacio and i will continue to hold and top up over the coming months as i am more confident than ever that the collaboration with Newmont will be very successful for those that hold for the duration. I was also pleased to get a prompt and professional reply from Ignacio and again this adds an extra air of positiveness to my investment here.

Yeah sure Bhargav. First time i have e.mailed him so unsure if i will get a reply. Sent email to info@orosur.ca as indicated by OMI's website, but as you suggest he seems fairly responsive. No reply as yet but will share any reply i get. Good to hear you have e.mailed him as well. The sells today were disappointing and the usual drop was rather frustrating. This is what prompted me to send him an e.mail.

Seems there has been very little news from Newmont since they got on board and i am surprised at the poor sp performance since Uraguay was sorted out. Really expected the sp to pick up by now. That said, i decided to email Ignacio and generally ask about progress regarding Newmont. Whether i get a reply or not is debatable but just thought i had to try and get some clarity on how the Newmont/OMI collaboration is going. Will update here if i get a reply.

Are people selling due to bordom....? Just can't figure out the constant poor performance of the sp. With Uruguay sorted i would have thought the sp would be moving upwards. Really wish we could get some news from Newmont, seems they really are dragging this out...Still think this will come good but the journey is very slow. Would be nice to get some kind of update from the OMI management about how things are progressing. This lack of news is really killing the sp imo

1st trade of the day was a sell for 10k and very quickly the MMs drop the sp. since then all have been buys even one on NEX and yet we are still in the red, Just shows how the MMs are able to manipulate the sp easily. Clearly supply and demand is not being taken into account. The MMs are able to surpress the sp easily in the vaccum of news and low volumes. A very stacked deck in favour of the MMs. Still i expect the sp will eventually move back up over the coming days/weeks.

The fact that the ceo indicated increasing value for shareholders is a good thing for us despite the slowness of events here. All good things come to he/she in time as the saying kind of goes and definitely very apt with OMI. I do think we will be rewarded big time but we just have to hold for the finale imo. Top ups at these levels are a no brainer imo. Have topped up many times over the last year and will keep doing so as and when funds are available. The sp has fallen for several days now and is becoming very attractive at these low levels so would expect a move back up any time now.

Wonder how things would have gone with a different partner. The simple fact with Newmont , an industry leader, is they do their due dilligence before investing. With their knowhow, experience etc they surely have a plan a very positive reason for investing in OMI. If they are looking at a buyout and that is a logical option imo, then i would be happy with that. Either way the sp in the future should be a lot higher that where we are now. The potential valuation of the Anza project surly is worth way more than the present market cap of OMI at this time.

It's been a very long wait since Newmont got on board and things have taken much longer than i first thought for a re rate here. Who would have predicted that the sp would still be below what Newmont initially bought at last year. Unbelievable. The Uraguay problem was a big anchor imo so now just waiting on Newmont to bring out some drilling results and then the re rate is likely to begin imo. The drilling area is in a hot spot so all should be good imo when Newmont decide to show us the fruits of their labour. Low volume presently so the MMs will just let the sp trickle down until they are ready to raise it again. That could come any time and wrong foot a few no doubt.

Indeed Ezlee87. Slowly getting there. Must be news soon regarding drilling imo. Could see the sp move up in an instant with some good news. The MMs are just dropping the price as usual on small sells. Just their usual tactics. When it is quiet they drop the sp at any opportunity but this can change in an instant. As always a slow waiting game with OMI but getting ever closer to some very big news imo