Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Yep. Orosur Mining is actually Canadian company dual listed also in London. OMI.L OMI.TO
Yes it’s dual listed
HL is saying this ticker is on canadian stock exchange...is that true?
Who knows hey? If everyone could Predict then they would all be rich. My view is that interest will return once there’s a plan regarding drilling and getting the mine into production. If it’s like SOLG, this could go crazy after next RNS. Fingers crossed
Like you say, we disagree MP - but sincerely, very best of luck regardless! :-)
Ma5k, That's your opinion. But I disagree. AIM is news specific. OMI is unique and serves as a solid defensive stock with Gold in an upcycle with all geo-political tensions bursting all over the place. Brexit No deal is another time bomb...just waiting to go off. Business cycle is in 'Late stage' with layoffs started already and downturn in play. Wall Street in correction mode after hitting all time highs.....with lot more correction to come IMO. 20% y-o-y growth not going to happen forever. I will tell you what's in Bubble valuations....Amazon, Apple, Google, Facebook (FANGs). Have you seen debt levels at Netflix? Also wait till advertising spending cuts kick in. Rest of the world, is on a totally different page. China is slowing down already with GDP declining. Wait till 1 Jan 2019, when 25% tariffs on Chinese kick in from the current 10% so far. Debt levels in China are scary. Wall Street already forecasting $1700 Gold in 2019. Gold and OMI both should be a winner and Newmont know it. Gold and Gold stocks rise during wider Market correction. I fully expect Gold to revisit $1900 or even $2000 in this current cycle that is just starting. Hence I am going overweight here. Also feel very strongly Uruguay gold mine should come back online in next 12-18 months adding hefty profits to OMI's bottom line. IMHO, DYOR.
On the contrary MP, regardless of the fundamentals, at this stage it looks very much like a typical AIM 'bubble' and subsequent market correction...
http://www.ma5k.com/trading/charts/OMI_Bubble.jpg
(for illustrative purposes only)
Truth is money comes into a share very rapidly from over-enthusiastic rainbow-chasers in this scenario and over time naturally dissipates until 'reality' is restored... Not saying it won't ever take off again, but any positive news at this stage will likely cause only a brief spike in an established declining market with the closing price extremely unlikely to exceed the descending/market-correction trend.
IMHO, DYOR, GLA etc etc
Some of you might know your charts....but this is due a strong bounce soon. Just need volumes to kick in and watch this go. We can then archive the charts....lol
Might as well talk to yourself on these boards! :-)
At the risk of being accused of talking to myself lol, excellent post m8.
shellymarie >> "How can a chart account for in coming news that is expected at any time"
What you seem to be overlooking is that a chart includes every single historical news event and accurately records the corresponding share price movements... as for future news, you would be amazed at just how often a news-driven rise or fall ends *exactly* on an existing support/resistance trend.
You may not respect technical analysis but it is relied on heavily not only by traders, who need to put food on the table & cover their bills each day, but also by professional investors seeking optimum entry/exit points.
atb
*here
Shelly, you're right of course but you'd be amazed how often an AIM RNS lands miraculously just at a particularly important point in the technical cycle, for example when a stock hits a major support, NTOG comes to mind and even BOO decided to post news of their new CEO who wasn't taking up the post for aeons when a drop through 170.00 looked likely. It's not pretty her as you all know.
Chicken- Thanks for agreeing, however, that was my sarcastic response to you. As I've said, I won't mind to pay even 8p+ to build my stake.
Any lower entry, well wait for your chance but I don't it would get there or even at this level for much longer.
Yes, Chicken, please wait for couple of more weeks and it could go to 4p, even 3p!
Who knows 2p, 1p....in the meantime feel free to get real!
Don’t Think you will have to wait till December more like two weeks.
How can a chart account for in coming news that is expected at any time a chart might work on a share that is stagnant for a good period of time it allows a pattern to form granted the longer we wait for an RNS this could drop further but I don’t believe for a minute that a chart will/can pridict where it’s going to drop to drilling is to recommence anytime expect news here very soon until then the market and derampers will keep playing with this unfortunately
so below the price that was paid by a certain company that's constantly mentioned here? Begins with N? ;)
Doubt it but it is aim...
on twitter saying around 4.5p if your a believer or around 5p