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I can smell...12-15p ...
Sorry Bonkers :)
Like I said hottest mining tickets in town currently....Quite simply the best time to buy in Omi over the last two years. Phase 2 coupled with positive northern drill results, a defined program of works and dare I say a few director purchases would be the stuff of dreams for many holders....these dreams are not far off and with that a rise in share price that will make even the most experienced traders go weak at the knees. I don't want to make comparisons to greatland etc but this one has one of the best chances on aim of being the next one. Don't believe me, wait until the majors sign on for the next 4 years, then you'll know it's got a good chance....problem is one will be paying through the nose that day.
Chicken and Clarets,
I agree, market cap is still paltry 19mil or so and things should start picking up towards 20/ 30p level in coming days to consolidate it.
Round figures like 10/20/30p usually take a day or two to settle and surpass it. But once it's done, it moves up very fast...!
Next week has greater chance to see exactly that...lets see how it treats at the open and early week days next...
SP is testing 50ema, and should comfortably help to push it upwards at this juncture of awaiting critical news period.
Interesting webinar is lined up to sum up some update on 6th Sept....
Lets see.
Great day 4 omi die hards our patients will be rewarded shortly I feel 10p get otter here give me min 32p and I'll think about it gla yehaaa
Not seen much big selling this afternoon so doubt they’ll affect it too much by trading. Good finish to be fair I thought we’d retrace nearer to the 9p mark.
Yes, but likes of Bonkers have different stroke plays and he has been around for very long ...so, that style suits him better.
I wish they could have continued for another week or so...
Could drift a little clearly after a 30pc rise but the problem for traders is the spread is wide up to 10pc and on a dime this can move extremely quickly..do you really want to be letting go of your shares at sub 10p when drilling news is just around the corner and a monumental moment to secure the next 4 years of drilling, worth a minimum of $20 million is literally 10 trading days away? I understand the need to bank profit is wise.....but for me it's rather short sighted. Surely the pressure will ramp up as each day passes....Good luck folks whatever your decision.
Bhargav, thanks for your insight. Market Cap is still a paltry £19m. Hopefully this is the start of newsflow and getting back to something more realistic in the short term.
Clarets,
Its hard to say how we will open or perform next week?
As we still have two more weeks before 5th Sept and Brad may continue his radio silence.
It appears, Bonker Crew (bought in 7s- sold in early 10s) has left the building for now...So, if we don't get any news on Monday...it could drift a bit on downside around this price (9-10p) for a few days again....so, not sure at this point.
All in all, I expect 20p+ by Mid Sept, if not before.
Nice finish to the week.
@bonker99, noticed you grab that super quick > in @ 2 & out @ 4 < bag over the road. :-))
Well played sir.
Momentum building here now.
Have a good weekend all.
Great prediction yesterday Bhargav. 2 million trades and 9.5p+ close. Any predictions for Monday or next week?
No I don't see 20p been a huge target to reach this year, in fact even next month as there will be lot more to then just Phase 2 confirmation.
Phase 2 confirmation
Drill plan
Assays of 5-6 holes
$2m gift
Permit(?)
All that should comfortably take us beyond 20p. However, some radio silence may also follow between Mid Oct- 6th Dec
and I hope Brad has learnt his lesson?
Great to finally see a rise, and hopefully more to come. However I don’t see 20p being reached this year, this rise I feel may take us to 12-13p. I think there will be a massive sell off after phase 2 is confirmed. Then the same radio silence till December maybe.
Yes, but I won't be happy till I see 80p.
Let’s get to mid teens to 20p first Bhargav, then see if in due course we reach the highs of 40p
I won't be happy till 80p mate. What we got reduced to is unbelievable.
Nice to see a bhargav happy again. Miserable sod; whining for months ;)
Whats that burning? 11p. :-p
GL :)
Nah...it may not touch 8p again...more like an easy 15 p next at this stage. Better now or not.
Did my buying at 7s mate - descretion/valour and all that ;)
Would take 8p again if offered.
Come on Bonker, I've added approx 150k today...now, its over to you :)
That'll do me for now ;)
Double figures now! nice ....
I remember when this slipped below 20p a long time ago I thought is was unbelievable.Lets hope our faith and patience is rewarded eventually