We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I would just like to say I am in OMI and THR and am not favouring one company over another. I am simply answering a question asked about THR.
Phoebus - have a look at this fella :-
https://www.youtube.com/watch?v=GrE1DjwO5WY&app=desktop
Phoebus - how do you know that the readings for Pilbara are low grade. We on the THR site don't even know readings results!!!
I see THR already has several JORC resources for other metal. Their gold asset is in Pilbara with gold shows over 13km, but most of that seems to be premised on very low grade early stage surface readings. I fear I'm missing the point, so why are people so keen on it? Thanks.
Silverbackboy, OMI is up around 11% on TSX, very small volume though
I do believe this will move fast north soon, with the low Mcap really is a bargain for a gold play . When mkts bullish and turn which I feel could be as soon as post election in us I think we see this storm back into the 40s tbh
Phoebus- glad you are also OMi admirer like me.
Although i have a very small holding in Wsbn a small word of caution . Wsbn may succeed from nearology to have havieron and telfer , but can go other way . Look at SVD which like wsbn is close to telfer , but the recent results did not stand upto expectation and share price dropped by over half overnight. However i know Wsbn has other good tenements.
cheers
Mk
Mr P -
Thxs for your reply.
Like OMi , i too learnt late about THR at 0.8p levels whilst many entered at 0.2p levels. But learnt from good contributors here like Bhargav and from my own kickings that starting soon with all the Oomph is better for many reasons. Glad i did that .
With Omi I was again a late starter at 11p levels , but i still feel it is good value here at 30p levels given all the fundamentals and low market cap. . Most of Lths here have even brought in at 39 p levels . I say no more to an experienced person like you from whom i learn all about Thr. When you make your mind up, we will be happy to see you back here
cheers
MK
Soz got mixed up with thr and wsbn. Very early stage as you say get some air survey results through etc then get some drilling done.
I think people underestimate the amount of proving up Anza has to date. 24,000 metres
Ggp over 100k metres
Alba about 1300m looking to increase to 5k metres
Very costly and times consuming operations
All free to OMI plus heavyweights of the business who have all the best personnel, infrastructure, equipment and expertise supplying the lot FREE due to the quality of potential Anza has shown from 24000 metres of drill results.
To clarify THR to Havieron about 250km, WSBN to Havieron about 30km. OMI still my top pick though as WSBN is still early stage although with an excellent postcode. Good to see metals starting to move back up. Expecting shorts to cover ahead of election day, either tomorrow or Monday.
Remember omi owns 100% currently as Newmont and Agnico need to do a bit more work to earn their 51% then a bit more work reaching BFS before they own 75% between them leaving OMI ultimately with 25% free carry.
So today OMI owns 100% with 100% free carry and as the resource is further proved up from its current level of discovery the majors will slowly earn a greater percentage of Anza.
So as the majors pay to prove up Anza free to OMI the value increases and OMI cap responds north. So right up to the BFS being completed which is again free to OMI, OMI holds a much greater percentage than both the majors.
If Newmont decides to buy out OMI and Agnico before the BFS being completed OMI will own 49% of Anza and Agnico will at that stage have 25.5% of Anza
So now it makes sense that Newmont also have a 18.23% major holding in Omi
Win win win for OMI. The writing is on the wall guys Newmont is the worlds No1 for a reason
Newmont bring on Agnico to exploit all their infrastructure, equipment etc etc. Once they are happy they buy out OMI’s 49% and Agnicos 25.5%
Only when the resource has the BFS completed do the majors own 75% between them but in the mean time they fUND EVERYTHING PLUS CASH to OMI.
DREAM DEAL
DrRemmington I’m sure there is a formula they must use for such a buyout. Obviously the higher the mcap is at the time will be s major factor one would think but also the worth of the asset being the other. Either way the SP will fold multiple times by the time we’ve reached that crossroads.
With Newmont already owning 20%ish then you’d imagine they will one day takes us out. Though I’d hope the BOD have some kind of agreement that it would have to be at very fair value. I can’t wait for drilling to start, that’s when the real excitement will begin.
NewmontGold I totally agree that omI has more than the potential to match the GGP mcap. Plus this will also be achieved pretty quickly with 2 majors on board. My biggest fear is that omi will be bought out before it reaches the GGP market cap and will lose out on reaching its full potential. Even so I’m sure that if omi was sold then the SP would still reflect a fair amount of thevasset which we are hopefully sitting on.
Sharp movements next Wednesday I would imagine,gold down due to delay on printing money in the US.Just a matter of time imo
Can’t help but top up see a sharp move towards 40p plus next week x
Exactly the distance in between ggp and wsbn Hav, you could fit in the uks Newcastle to London. Lol
Knowing this stock for me I’m more concerned about missing the upside than the downside as ultimately it is destined to resemble ggp’s cap with just a bit more confirmation of the resource.
Newmont and Agnico are commencing from a confirmed gold discovery status with 24k metres of very high grade gold results already banked. It is now just a case of exactly how big Anza is.
Buritica grades equal and lower than Anza and has grown from 1500oz to 10-11m oz and growing.
Exactly geologically analogous to each other it’s just a case of how Far the resources expand. Buritica is growing the more they drill so for me the writing is on the wall. Keep em tucked away the majors are not sleeping over this time is money.
It almost appears too good to be true at this market cap.
Wise words Bhargav. The markets might be having a bit of a wobble again, but at least it gives me time to research all the LSE gold stocks a bit more. So far the more I read the more OMI sits at the top of the pile. Not only does Newmont hold share in OMI, there are very very few LSE gold juniors whose shares are held by other mining company let alone a super major like Newmont. OMI is rare indeed.
Two majors, a top tier Junior in making, neighbour sold for £840mil, good grades to resume with, tight float and relatively small Mcap before big boys rule this place....President's friendly and encouraging appearance to promote mining...and please read the recent RNSs here..........before anyone, incl me and most certainly likes of Mr P or Webbs opinion to consider.
Any time here is good timing imo....for weeks, months and years to come in its potential.
This place can get you reward, most PIs, certainly me in my wildest dream to think of and stay in presence
and part of the journey ahead.
DYOR
Gla.
THR doesn't border GGP's Havieron license though, which is the one the fuss is all about. Looks about 250-300km away from it on the map so the proximity to GGP is a bit of a canard. Fooled me initially too.
Kumar,
Thanks for your kind words on THR board. Admittedly I sold out of OMI much sooner probably out of frustration. Got this on my Watchlist but not at my Buy in price yet. As per the heading, perfect timing to get into THR if anyone wants to with Ragged range Gold deposit looking bigger than originally thought and bordering GGP deposit.
Wish the very best to you and all OMI holders who made good profit.
MP.
27.5 was second support and held well so we shouldn’t go lower now all things being good.
You have to make your own mind up don't take advise from people on these boards do your own research Wednesday is when we get the US election rsults a lot is riding on that is all I can say