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You can't buy even for tenner...but, that should help you and your crew to flog some?
Look s like another NT day can’t even get £100 worth so annoying this share.
"With the threat of North Korea and Kim Jong un possible death due to ill health I read the other day that America and South Korea might have to go into the country and stabilise? Bloomberg also highlighted this and expects gold to hit 3000 dollars a ounce but not sure when?"
Now that your friend is still alive and Gold price may not rise for your only 10 yr investment here...I hope you sell your loose change....
Keep posting your comical insights...it is entertaining. :) :)
3p not far off once again?
Dear P&D crews...MMs wants your shares this morning.....please donate!
Great post AGEOS :) :)
Since then two MD & A (Management Discussion & Analysis) for 3 and 6 months ended 30.11.2019 ( filed on SEDAR 14.01.2020) and ditto for 3 and 9 months ended 29.02.2020 ( filed 14.04.2020) make no reference to the issue and likewise for all other SEDAR filings and RNS releases to date. TSX regulations would necessitate such disclosure as whatever the outcome it would have a material effect on the company's prospects.. As Corantioquia have also not issued any further update on the matter and remain in Covid19 lockdown, it appears that the issue remains unresolved.
Meanwhile if anyone has access to a verifiable update on the progress of the Corantioquia TDF protection scheme for ANZA please post a link for the benefit of all. The Corantioquia website and database is currently inaccessible.
Is that alright with you or should I say 20p to make a couple of nut cases who recommended this post happy? :) :)
On 17.10.2019 I posted a detailed account of the then current situation regarding the environmental assessment by Corantioqua (Environmental Authority of the Municipality of Antioquia) of the ANZA region for possible designation as protected TDF (Tropical Dry Forest). See post history for complete text and details of the then current and anticipated OMI mining concessions which would be included in the area proposed for designation, effectively the eastern third of ANZA municipality west of the Cauca river. This includes:
A. c80% of the 3903 hectare LHO-08011 contract application area, including almost all of the 'Jesuitas' target.
B. c50% of the 6219 hectare ICQ-080035X contract application area, including the eastern 25% of the 'La Cejita' target and radiometric anomaly.
C. All of the c3000 hectare, NE portion of the T13635011 current mining concession contract area between 'La Cejita' and the Cauca river.
The most recent update from OMI regarding this issue is included in the “Annual Information Form” for the year ended 31.05.2019, (filed on SEDAR on 03.09.2019) on page 17 under the title “Tropical Dry Forest Temporary Protected Area”, reproduced in full as follows:
“In August 2015, the Ministry of Environment of Colombia delineated a temporary protected area with the objective to review the existence of biodiversity areas such as the tropical dry forest (“TDF”) in order to give them a protected area status. This was done via a precautionary measure, thus without any prior study of the areas and for a term of 2 years, which was extended for another year in 2017, and extended one more year on October 22, 2018, through resolution 1987.
During such term, the competent environmental authorities for each area are supposed to declare, delineate and categorize the temporary areas of protection and development of the natural resources contained.
The temporary protected area includes "Polygon 15: Tropical Dry Forest” located in the jurisdiction of Antioquia which affects partially the Company´s mining licences.
In 2018, a special Work Group was formed with affected parties, including the Company, the Mining Agency and the local Environmental Agency in order to define a protected area limit and category.
The environmental authority (Corantioquia) has already determined that the area to be protected within the Anzá titles will be categorized as an Integrated Management Regional District. This category allows mining activity to co-exist with the TDF under special controls and requirements.
In parallel, the Corporation is in advanced discussions with Corantioquia together with neighbour mining players in order to agree a new delimitation of the TDF which reduces the area affecting the Anzá project. "
To be continued
bhargav - whats your average?
(if you dont mind me asking)
Its a strange day here today, 250k buy is not showing, can't buy for over £30 now and sell in large quantity. Whilst bears are dominant at this moment I hope to take the advantage of it and hope to execute a a small top up today towards my 1m target.
so is someone trying to scare folk into selling?
That trade at 9.46 is mine, and it's a buy.
I agree, but with the nature of beast here the periodic swings like this will remain. At this stage, the way it is unfolding, it is testing the 3p again, a complete reverse scenario then last week, however, 3p close and below will remain a challenge and develop a new support as it was pre-lockdown. Overall, I'm inclined for change of trend as I explained in my previous posts IMO.
Already at 3p... -17% I'm afraid as predictable as anybody's birthday being on the same day each year....
inclined to agree with Bhargav here. The high potential reserves are not reflected in the current M/c. With a big backer we're more likely to go 4+ than 3- imo.
We haven't touched the 3p yet, go back to the muddy rock you've just crawled out from.
Webb’s was correct as we are waking up to the Monday dump. Bharat was wrong again in saying 3p will be history, looks like it could retest 2p
"Either way things are looking much stronger now and just shows how OMI can move in the right circumstances"
That's the reason I'm here, low cap, tight volume, not many free tickets/ spaces...right news on right day...and it
could fly to new horizons. At the same time, you need to have a patient of a saint and let it mature in its own time, if needs to for a few years.
My first trench of GGP(Apr 17) is now up nearly 30 folds on one hopeful active interest of major despite of greater float
and I wont sell it at current level as Gold is on uptrend and it still has room to grow and go up.
If all goes well, we may see far greater return in/ for years to come.
Good assessment Bhargav. Yes gap filled as you say and the 1.7p low recently was hit twice so a double bottom i believe which is a strong positive signal imo. Never understand why gaps need to be filled but it does seem the case alot of the time, especially in cryptos, that said the sp below 3p seemed ludicrous and a 3p base sounds very credible now with big news in the pipeline. The sp could well move up higher over the coming days with 3p the lowest approx it should go to imo due to profit taking, MM manipulation etc. Either way things are looking much stronger now and just shows how OMI can move in the right circumstances
Vicjain- Yes, with or without news- Sp always have ups and downs. But we have had a prolonged down period which imo has now reversed.
Last bottom at 1.6p(7/9/18) was prior to NM contract, gapped up from 1.8p(10/9/18) on news.
We have since then touched the bottom and filled the gap n 20/3/20 and 27/4/20 approx.
Lockdown period is relaxing, New board members recruited, Ceo is not selling his holdings and
wish to leave on high note. NM is losing time and could act fast now that the pace they need to work
to conclude will need fresh strategy.
New recruits will try to prove their pennies worth. Last week bulls have pushed the Sp way above crucial 200EMa, British Bulls is now more bullish unlike previous times at this moment.
Technicals are shaping up nicely...may encourage a parabolic rise for next week or two.
Mms seems to be controlling it well, most of the time I could not but for more then 1k and sell upto 8k.
And market orders beyond 1k were asking for estimated 25% premium. Its a very bullish sign to me.
All in all, I expect market to test 4-5p next week, news or no news. In the case of vacuum of news for weeks ahead, we may re-test the 3p again which I believe will soon be the thing of the past and will be new support(like pre-lockdown days). IMO.
Interesting times. Lets see how it unfolds.
The fact is that Newmont are in and paid up to date. My view would be that they would be looking to start spending that $10m at least a year before phase one ends otherwise it’ll all get very rushed nearer the end. September is the one to watch, now moved forward by July also. This gives us a timeline of maximum 16 months. Newmont also require the data so they can be clear on how they then wish to proceed moving past stage one and onto JV or stage two. If not before September it would not be surprising to have an action plan in place within three months post September or six months tops. Once it comes things will also most likely be accelerated thereafter as they begin seeing there own results. Nature of the beast right
Seems OMI has had the best week for a very long time time. Was looking at the chart for OMI over the last few years. The lowest price i could see was on 5th sept 2018 when it touched 1.625p. The sp has almost reached that low point twice ie at 1.7p in March and April this year. It does seem to have hit a bottom at 1.7p imo and has moved back up strongly since then. With hindsight, i should have been loading up at the 1.7p mark. Missed that sadly. The strong move up is a good sign that maybe Newmont are likely to get things moving soon here. Once we get the green light then the sp will move up to much higher level and do a GGP and much more imo. Just a waiting game now for sure and top up when possible. The sp will still have ups and downs, especially without news, but the trend should be upwards now imo.
News or no news*, trend has reversed overall and will continue IMO.
3p will soon be history.