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A lot of placing shares are flipped for a small profit, so I suspect a lot of the selling we have seen is placing overhang. It won't be the warrants because they are not in profit yet.
Legalwolf, is there a placing overhang? 17m shares were recently placed at 2.95p but I would be surprised if they’re selling already with a marginal gain. Not only that, they’d be forfeiting their warrants by selling the ordinary shares now.
I agree in this company are now in the mood to show the market what they can do. They've been scorned and it gives them added motivation. Wouldn't surprise me if it's done quicker as well. One thing I will say and believe me I don't say this lightly but those Pepas drills are going to be sensational. Brad's basically putting his reputation on the line. It's personal. For a
For the uninitiated, how does the 4.43 wall "work"?
My simplistic reading is that anyone who bought a 2.95p share has the option to also buy another share at 4.425p?
I guess another 8.25%~ dilution isn't great for existing holders. But it would give Omi another £750k to play with. Not a negligible sum, if the company's value were at about £10m. You'd like to think £1m would fund a good throw at Pepas.
Drills poised?
Hi, Chicken
I agree this is a turning point for the company. "Brad unchained" is the message of the video; it's obvious that he's delighted to be unshackled from the decisions of Newmont and Agnico (which have included drilling in the wrong direction). And before that he was shackled by covid.
When Miss McQueen said "congratulations," she wasn't only congratulating him on the deal to buy MMA; she was congratulating him on having regained his freedom. Which (with the exception of health) is the most important thing in life.
Pre-full sign off.
Legal. Matter of opinion. Traders going to trade. Nature of the beast. When volume slows down here and naturally it will the MM's like to widen that spread. Once the traders are cleared, it makes it very hard to trade, or not worthwhile.
There is a timeline in place with drills going to start turning. A month is a long time, granted and that is true. I don't think a 5pc rise daily is out the question though. If that happens by end of April can see Certainly see another 100pc slow and steady. Even a less bullish forecast could be something like 50pc.Having Anza back is company defining. It's HUGE news.
Buying pressure will increase as the end of April approaches. In frenzy and in Omi sometimes logi.c gets thrown out the window. We know the end of April will see more frantic buying pressure. That is fact. You can't add on any great volume under these circumstances.
They may throw in a curve ball, significant purchases, a JV partner, starting of drill campaign, top secret MMA data and news from minor projects that will all be used help sustain "the feel" and build a story.
So traders going to trade for a little piece of the pie now but I am absolutely certain it is much better just to add and get a bigger piece of the pie in the not so distant future. So keep hold of them if you can, or at least some. They all want to get this concluded quickly.
Warrant price is a wall but I think that will be smashed pre- full
Kemot, you say mma have spent much more than $15 m and 1% of all future production?? Can you detail this please?
There's not been any opportunity to clear the placing overhang until this week. With the volume traded, you would think that a lot of the placing overhang will have been cleared. Price just needs to set a new floor for buyers to work with and any remaining sellers to exit i.e. consolidate the gains, which it does seem to be doing. Overall, it's really hard to see this trading at anywhere near 4p by the time Pepas drilling comes round.
Anyway, let's see what tomorrow brings and GLA!
We are in a bull flag also, plus day 3 is usually the largest rise of a bull run.
I think people are cautious of 4.43p wall created by our lovely BoD.
And a few weeks in waiting may not do much favour.
Good volume, but a lot of it has pushed the SP towards 3.50p.
Let's see what next 30 mins brings, or tomorrow.
It's only a matter of short time before shares in the upper 3s get taken out, but who cares whether it's today or tomorrow, or next week, as there's plenty of time ahead of us. If BG has his way, OMI will be drilling at Pepas in less than 6 weeks' time ("early May" is what he is aiming for). You would expect this to rise incrementally each week between now and then. Already knocked on 4p today and volume is very high.
Brad should update this week going from the interview info.
Starbright, as Brad stated in the interview " we are buying MMA".
So they aren't buying the 51% in Anza, they are buying the whole company with all the rights it has, paying $15 mil for a company that spent much more in the project and STILL has the right to exercise the 51%. MMA hasn't resigned from this right, they just don't want to exercise it now and they could drag with making the decision for years and OMI could do nothing about it. That's what they paying for, the 51% share is "nobody's" atm
Also, Agnico probably wants to stay, if so, they have to change the whole deal whether they like it or not and create a new company.
500k buy.... interesting
Just like yesterday afternoon we could possibly see our 5p once it moves it moves very fast.
lets see how we go.
Ticking up now.
I think we will tick up into the close I thought we was going to hit 5p today looks like it will be around 4.15/4.25.
Over 19m traded, not small amount...and yet we might end up near neutral, blue...or red??
Oh well.
New tax year coming up in a few weeks might be the time to put some funds in.
Yep cooled off now. Nice time for a buy before next leg up if the traders are serious about playing, big news yesterday of course but just an Appetizer. Looks like il get a top up in tomorrow, thanks traders. Happy to pay this for sure, thought this point was out the window. Sorry to see you go golden car. I would have loved to have taken a ride with you, though maybe a lucky escape as you crashed and burned.
It seems a lot of profit taking today, this will settle soon maybe a tick up into the close today, tomorrow should be more steady once profit takers have cleared.
After going up 50% in a day or two people are always cautious of being spiked or a pump and dump.
Along with the fact that it may be a little while for the next news people might think they have more time.
But the sentiment here should be improving now and there should be much more growth from this price as things develop.
Buy and hold imo,
Don't get caught on a drop by the MMs,
This should clear 5p easy and grow well over the next few weeks.
It seems the interest is slowing again, hopefully we shall see last hour buying?
The interview is a definite watch this has got to push up nicely .