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Where is this large sells??
They have been dripping for long in 50, 100, 200 since SP started climbing again over 2.95p.......but its Ok, one can stay with their blinkers on.
As soon as SP crossed over 5p...they come in force.
Its not about disgrntled shareholders....its a mix. Some profit takers, some had enough and rightly so...and at large the VIP floggers.
Volume will increase for sure I hope once the drill starts...and they've to pitch for better in July, if not to attract fund raisers, atleast to please VIP holders to add another £750 into the pot.
Overall, I expect a bit of north....but I won't count on any spikes to sustain.
Bhargav,
For a long time I've read your informed post, most appreciated.
For whatever reason you've turned a corner and now super negative, only you know the reasons.
If you're bailing out then please do so, you don't need to make a public announcement, no need to jump on every post and give your now negative view of the company and or of the BoD.
I believe you're a seasoned investor, if as you've stated, I would expect you to bail out and move on, and not hang around like a bad smell like so many others do and have done so in the past.
Only time will tell whether you made the right or wrong decision, its your investment therefore your decision.
All the best
Kammy
Where’s these large sells from these placement holders, as I said earlier I could sell 600k over 5p… Yet no sells appeared. I reckon it’ll be PIs selling who purchased in the 2s or 3s. Or maybe disgruntled shareholders trying to keep it down. Volumes will increase here once drilling starts, then it will be in the BODs best interest to get the share price up, why wouldn’t they? I bought big in the 2s and will at some point sell a few, everyone has there own targets and agendas, what’s it matter who sells at what and when, as long as your in profit then it’s all good. I’m just about in the blue at this price, no worries here and pointing blames, good times ahead. All in my opinion anyhow.
Look at it this way within next 2 years gold silver will saw like you not seen ever. Omi should be drilling on multiple sites in south and North during this time and now is the time to buy around these levels as we enter the bull run seen in the 1970s and 2000s to 2011. So if the directors cant buy when the share price is on its knees and when we are lower now than 5 years ago and we in biggests bull run ever. Then god help us and god help them. id sack them if they cant commit in a big way.
Heres hoping they take note, as this should be a gift at these levels.
The green filter box is a blessing. One thing for sure is that most of us do not have to listen to negative dribble anymore.
Rob,
Some of the directors will make a few smaple buys to excite a few mugs up here.
But look at the larger picture, they've sold 9% for mere £500k plus potential £750 to VIP holders with privilege.
They're not investors like LTH and bailing out now, as they know what's underneath of this company moving forward. They're not mugs.
17+17 million is alot of shares to flush at this place. Continental IP + Loryser shares were barely 25 million odd together which brought the SP down from 30s to teens and it took months to flush it.
Previous placement at 17p never had 11 mil warrants expired without exercise.
We are 80% mugs here (myself included) and one by one we all will start bailing out....
Forget the future placements and its implications. I cannot caution enough to people out here.
Yes, we may see an odd spikes here and there and that's good for the traders....not LTHs.
No matter what people think of me, I'm gradually bailing out....and I may trade here every now and again.
I'll keep a few shares....so that I can post here....day in day out.
Afterall, I'm just a prisoner. LOL.
Yes, they all need to be digging deep now. They have zero excuse. I think they know this, if they don’t they are ignorant. I could sell almost 600k over 5p earlier, not sure why we’re not seeing more selling then.
Personally Im with Bhargav on the directors dealings, It stinks that a director picks up his salary every month easy money without putting his hand in his pocket. Personally I think its disgraceful, here hoping that now at the share price is low they have some decency to buy not like us investors who have supported the company in a big way. They have took the easy option and said but we cant afford it. Disgraceful in my book.
They will expect people to support the next funding raising in July so if they dont buy big this is a bog red flag.
And here we go...just as one muppet posts something, and his subordinate detective officer with ziltch knowledge follows it.
Hi Sharetrader,
Yes, the prisoner deserves to remain in his green box for many years to come. And you were right about the Leematt alias.
We now have a convincing reply to anyone who accuses OMI of being a lifestyle company, or the chairman of not earning his salary. No-one in his right mind would choose to ride up a tropical mountain on horseback, in order to sleep with the scorpions. Louis is doing this for duty, not for pleasure.
The muppet don't have balls to face it....and his pirated Sherlock holmes partner is from another planet I take it? LOL.
By the looks of the green filtered post and still no RNS, Bhargav is no doubt talking down the company and the board. It just fills me with Joy that I no longer have to be bombarded by his repetitive depressing rubbish.
I'm glad to get rid of 89k+ shares just now....I'll gradually will have to make another 20 of such trades to empty my LTH portfolio and probably turn into a trader only.
17 miliion VIP holders will continue to haunt for long...and then we've another 17 million of them to flush in warrants....
And the begging bowl display in July event with a few sparkles of Pepas results added to the sought after goody bag which Tom and Nick can't have enough of.
As our BoD who's subdued to travel on Donkeys with zero credibility under their belt....the next few months as exciting journey to the mountains it is....there will be a lot some roller coaster swings ahead I would imagine.
Let's see.
Good to see the large buys coming in at these levels. Have we now seen the back of the 4s? This is the home straight so far as waiting for the Anza confirmation goes. GLA
Interesting play this one. Look to position by end of week.
Big news not far away, I see from comments. Don't want no FOMO.
No anxiety for me. The deal is done and will be released when it's ready. Louis not going to be out sleeping with scorpions and doing his best rawhide impersonation otherwise. Next week seems nailed on if we don't get an RNS this week. Market sensitive info is en-route. 5p is cheap, and I am sure it's close. Though if I was on the outside, I definitely would be getting some pre-RNS, things have a habit of going a bit loco here on positive news.
This price action in the days before news landing is exactly what we want imho. The large buys are still coming in. Basically, we are clearing the shares available below 5p, as well as the sellers just above 5p. This action is clearing the path for the share price to rise when the news lands. It means we will see 6p a lot quicker as a result, and then of course you get FOMO setting in as people see the share price starting to move on big news, and the whole thing fuels itself from that point. We have to remember that Anza at 5p is dirt cheap and bargain basement territory.
Just need BG to deliver the news we are all anxiously waiting for. GLA
I’d imagine we’ll see the return of the likes of Leematt once it starts climbing as he has mysteriously disappeared. The initial news should see a climb in the share price and if drilling has already started then I’d imagine it could carry on rising into the first results. I certainly won’t be selling on the first spike on Anza return news if the drill results are only going to be a few weeks away.
We touched 5.7p before the placement a few months ago. So retesting 5p is great achievement, and helps BoD to flush the share holdings of friendly VIP parasites.
Its going according to the script. BoD may add a few sample buys to excite a few mugs here in coming weeks.
Moving forward, I'm not expecting a huge sutainable spike as number of recent buyers (who bought between 2.2p - 4p), traders, and VIP holders will continue to flog their holdings to pocket some profit. And then there will also be LTH like myself who will continue to bail out in chunks if the SP continue to rise little more.
We're stuck between 2-5p for long. Next station for looooooong shall be 5-10p bracket. More like, 5-8p.
This is my green of the day!
Break, the deal is agreed and has been for a while, majors are happy and want it sorted ASAP as does the board. It is now in the hands of lawyers which we all know can take x amount of time.. Like a house sale in the UK they can be dragged out for up to 6 months waiting on solicitors going back and forth. I’m thinking Tuesday next week, as the market is closed Monday and we all know Orosur love a Tuesday RNS.
Yes 5s looking a bit difficult to cross but once it goes it'll be gone for good, a really good start this morning then fizzled after midday, at one stage when we hit 5.5 I thought maybe a six finish, oh well it will come I'm sure, every day that ticks by is a day closer to the big news, frustrating as it is it is what it is, not many days left in May now so any day now news can land at anytime so I'm still very optimistic, how does the song go phill, no you can't hurry shares, you just have to wait, shares don't come easy, it's a game of give and take, no you can't hurry shares, have a gday as Brad would say, altvb and gla.
TJ, there will not be any snag, MMA have achieved their objective which as to claw back some of their investment, the royality is extremely generous. The deal will go ahead, as if it doesnt OMI MUST tell MMA to f off with NOTHING which they have a very strong contractual basis to do, as I covered in many lengthly posts previously.
Ofc, this does not guarantee a timeline, it could be delayed, but 100% will go through or MMA walk with nothing. Remember, OMI hold the licences 100%, we dont need MMA permission to press ahead with Pepas drilling.
Don't forget that in the last video Brad stated that once a deal is signed he will be doing a webinar, so I think a lot of our questions will answered in that. Remaining very positive but the closer we get to the end of May the more nervous I will get. It's fine that they are in Colombia working on drilling plans but that will mean nothing if there's a last minute snag with the deal. For once I wish OMI would under promise and over deliver on timings! On the subject of director buys, the situation is very simple, if the board aren't prepared to invest in something that they are expecting others to invest in, something isn't quite right.