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We're in a far more favourable position that this time last year, yet we are currently at a cheaper share price than before the drilling restarted. What's the one thing that hasn't changed in the last 12 months? Communication. Sort it Brad ffs.
Brad has also communicated via email that the majors aren't in any way limited to the amount they are able to spend this year, only that as per JV it must be a minimum of $4m. Essentially if they wanted to spend $20m they can. Fingers crossed this happens because I'm in no doubt gold on 2 or 3 tenements at least with rigs in double figures and this should be a distant memory.
I know he said he would rather let the drill bit do the talking, but he forgets the webinar where he was creaming his pants saying once in a career find, elephant country etc. I've invested way more here than I initially planned and don't regret it for a minute. Newmont and Agnico are why I'm here though, but we could definitely all be sitting far prettier if Brad didn't take the every 2-3 months approach for news.
At this moment in time however, it remains to be seen if Tin JV is a go or not. Disappointed that Brad states 90 day LOI by RNS but does not communicate to the companies investors what is happening once this period of time passes. Fingers crossed for a change of approach and a mid to late week RNS.
Unfortunately it was confirmed by Brad to somebody in the Telegram group that all communication will continue to come from Orosur. Definitely the majors taking control of ground ops is a game changer here, but communication definitely needs an overhaul and remains a promise that Brad is yet to fulfil. Some comfort to be had that we are likely at the bottom now and any news can only take us up.
Anybody with 5 minutes spare make the most of his email posted below. Can't do any harm to just give him a nudge, the more people do it I would hope he might think I either answer multiple emails every day from disgruntled investors or I put out more frequent news...
Just take a look at last 12 months sp chart and it highlights the issue perfectly. We should have been on a steady upward trajectory the last 12 months with positive drill results and Newmont/Agnico taking over ground ops, instead we're below placing price, AGAIN!
The problem is a minority of people sell on Tuesday to buy back in cheaper later in the week. Need Brad to actually listen to the multiple emails he's been getting saying we need better communication and to mix it up a bit and let us have news on different days than just Monday/Tuesday.
About time the company started showing its shareholder's a little more respect. None of us is expecting this to multi bag overnight its going to take years, but this issue with little to no update for months on end is getting very tiresome. The board have turned this into a traders dream, no news by Tuesday sp tanks because updates on any other day very rarely happen. And to get excited about TSX doing nearly 20% on less than 10k volume shows how desperate we're getting here.
Totally outrageous that this is still in the 16s so close to news. It's like everybody forgot that Newmont are in charge of ground ops. Also the Agnico merger which doubled their market cap and provided them with $2.3 billion of liquidity. Agnico never been in a better position to match Newmonts stake in the company.
As soon as we are given next years drilling plan I would expect to see a considerable rise. Not expecting Newmont to take control of ground ops and just use a handful of rigs. Personally expecting rigs in the double figures on multiple tenements at the same time.