Still wouldn't be surprised if we get an update tomorrow, we know from the conference call that Brad was travelling to South America at the weekend. Going to be a lot of people getting their trousers pulled down by the mm's trying to buy back in I reckon.
£22.5m, that's our market cap, not 1 but 2 majors, a new exciting opportunity confirmed last week with further JV's in the pipeline, overdue Colombia update with 100's of assays at the lab, 2 week turnaround time with ALS, samples returned for re-assay because they're above 10g/t, 45 man team working on licence approval, majors in charge on the ground etc. Selling now....unbelievable.
Another positive for me from todays RNS is that it appears Brad has taken onboard the criticism a number of us have directed at him regarding RNS days being too predictable. Colombia update day changed followed by a Friday RNS is not what traders want to see. Colombia update on Monday anybody :)
I agree Starbright. All of the people complaining that we're spending money but what if etc need to remember that Anza is costing us nothing, literally NOTHING! I would rather the company diversified and became more than a one trick pony instead of our board just sitting on their hands waiting for an update from Newmont/Agnico and using our $5m to just pay their wages. The same people whinging about this JV would also no doubt be the same people that would complain if the board weren't doing anything other than the Anza JV. Brad is clearly trying to put us on the map globally and transform us into something very different than a low mcap gold explorer. Also remember that we have over 10 million warrants which cannot be exercised until 25.5p that expire this year. The warrants alone will raise ALL of the expenditure for the 4 years of this JV. Read between the lines people, better newsflow, board earning their salaries, sp almost certainly heading to a minimum of 25.5p very shortly to cash in the warrants, oh and La Cejita! All I can say is listen to the conference call again and read today's RNS once more, then if you can't see the bigger picture sell, because there are plenty here that will buy them. Just don't monitor our sp after you leave because this will almost certainly rerate considerably in 2022. Good luck all of you who can see what an exceptional investment this has become.
On Orosur website now along with yesterday's LSE presentation (2nd from the top):
https://www.orosur.ca/index.php?p=investor-center/presentations
Think there will be quite a few who sold today buying back in tomorrow once they've had a listen. All the evidence was laid out last night by a number of reputable posters. The money will be made by those of us who can hold for more than 5 minutes.
I think the problem nookie was that the traders all started taking positions at the end of last week in anticipation of an RNS which if we're honest we all expected. They'll be buying back as soon as news lands.
Brad can't tell us when assays will arrive but we know he's broken the cycle of every 9 weeks for a Colombia update. We know they've done a considerable amount of drilling and we know that Agnico intend to overspend this year. Agnico's ability to demand quicker turnaround times from ALS could see us with a potential 2 weekly update moving forward. I've always believed 2022 will be transformational for Orosur, even more so after yesterday. News quite literally any day.
Multiple assays being retested because the grades are so good is the biggest heads up we could ask for. A much greater understanding of the geology at Apta thanks to drilling last year means we have a better idea of where the gold should be. Potentially hit the jackpot here with La Cejita also likely to be drilled far sooner than we all imagined.