Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.
If anything they should over estimate how long it takes, then if it comes early it’s a bonus instead of vice versa which is usually the case. When there’s numerous parties involved it’s hard to put a timescale on something this big, if it comes good then at least it’s gave everyone the chance to add at a very low price, which I’ve taken advantage of and will continue to do so. The volume has been almost non existent some days. Understandable with deadlines being missed.
Its well overdue now, though its a massive project odd delays here and there are expected. Though I wish they'd be more realistic with timescales and if anything overcook it, if it comes early then its a bonus.
Wow, Mapp you’ve been posting here for years…..
Maybe I read it wrong, as you say I’ve gone out my way spending my own time speaking to these people, as have you. Like you say if they screw us massively, they hold AGMs….
I’ve only repeated what I was told, you calling me a liar?
Grow up.
Legalwolf, are there any jobs going at your place? I'd love to have enough time to spend hours a day debating on a board we you seem to have no clear interest in investing. Do you hold positions in POW, ORR, ECR, HE1 or do you use them as a pass time hobby? Not here to insult you. Just curious. Regards
Theyre obviously still at loggerheads Seingred and seeing how the current political issues unfold. If you’ve not kept up to date Gustavo Petros son just been arrested for accepting money from the drug cartels as have a few others. He’s as good as out. Which is good as the left getting in wasnt good for mining in general.
Can’t see the Sheikh, a multi multi billionaire, selling some shares for a measley £150k… probably earns more doing nothing per hour.
They should be pushing the majors really hard by now. Like you say September will be a full year and to think Brad initially said they may active phase 2 before September… These delays arn’t helping anyone. Come on Brad get it sorted, justify that joke pay rise you gave yourself.
I wouldn’t say it’s totally pointless, though what he says doesn’t appear to ring true. Delays, delays, delays.
Excellent volume.
Https://t.co/1CQgNZ5q3r
Getting everything in order before the big project?
Jackbal, with the jurisdiction we’re in absolutely. Why do you think Newmont never stuck a shovel. Agnico since they merged with Kirkland and fighting to become the biggest gold miner on the planet. Will they want their name and staff in Colombia with current political, regional local issues? If the Orosur team are running the show it is them who are liable, hence why they let orosur fire up to begin with before taking over. Now they’ve merged will they risk it? Plus it appears Brad understands the geology better than they do judging on the last result at Pepas.
It’s not as easy as that BT, if it was it would have already happened… When dealing with two of the worlds biggest gold miners one has to be cautious. Upset them enough could see Newmont sell there 20ish % stake and spend the annual funds doing practically nothing that’ll benefit our share price… I think resolve its near and it’ll be Orosur leading the line and Agnico funding. Brad did say to me he offered the majors the chance to take a back seat/walk, let Orosur have full control and majority ownership and if Anza turns to be as expected, a tier 1 quality resource then give the majors the ability to re-enter the fray through a payment or something along those lines. I hope when he says resolve should be soon then it ain’t months away.
Got funds to throw in*
Lucky we got the $2m in my opinion, wouldn’t like to be sat here now knowing we’d only about $1m and requiring funds for Brazil. I’ve said it before and I’ll say it again, I’ve liked the Tin project from day one. With the methods used it wouldn’t take a lot of time and finance to get producing there as Brad explained. I’ll not be checking the share price much unless I got duds to throw in.
If the majors agreed to pay the $2m, there’s no way on earth the Orosur team could have said no thank you and exited the contract….
The Exploration and Option Agreement includes a three-phase earn-in structure allowing Newmont to earn up to a 75% ownership interest in the Anzá Project by spending a minimum of US$30.0 million in qualifying expenditures over twelve years, completing an NI 43-101 compliant feasibility study and making cash payments to Orosur equaling a total of US$4.0 million over Phases 1 and 2.
In Phase 1, Newmont may earn a 51% ownership interest by spending US$10.0 million in qualifying expenditures over four years and making cash payments to Orosur equaling a total of US$2.0 million during the first two years of the Phase 1 earn-in period. Upon Newmont’s completion of Phase 1, it may elect, in its sole discretion, to exercise its option to form a joint venture with Orosur.
In Phase 2, Newmont may elect to earn an additional 14% ownership interest in the Anzá Project by sole-funding US$20.0 million in qualifying expenditures within four years, completing an NI 43-101 compliant pre-feasibility study and making cash payments to Orosur equaling a total of US$2.0 million.
In Phase 3, Newmont may elect to earn an additional 10% ownership interest in the Anzá Project by completing an NI 43-101 compliant feasibility study within four years.
It’s pocket change to the majors yes, but there’s zero benefit them just sat doing nothing when they could let Orosur team rum exploration with no risk to their own name should anything go wrong. Once resolve comes I expect rigs to be shipped straight back in. If we hear nothing of Anza by mid July I’ll be contacting Brad. Until then it’s sit on hands time. I think we’ll see the Argentina update next week.