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It does seem that this share is heavily controlled by the MMs and this is based the way the sp behaves over time. With limited shares available it does seem the MMs can still control things easily in their favour. This situation i guess will keep happening until we get some concrete news about the resource. This will come with time and a quickening in pace of drilling is happening so as been said many times, it is a waiting game but eventually long suffering share holders will be rewarded big time from these sp levels. The fundamentals are solid imo so we await further developments. The PR machine is poor at the moment though and really could do with some positive vibes from OMI to help maintain sentiment
I think the MMs orchestrate falls to let IIs in cheap...
stupid Mapp was squeezed out and buys in again at a
lover price. Aim is a game . Luck?
Yeah sp being dragged down again but volume very low...MMs really screwing over shareholders and maybe people are selling due to sp frustration. All the fundamentals are solid and the sp will move back up in due course but in the mean time the market knows how to make people give up and sell probably at a loss and once enough pain has been instilled the price is allowed to go back up. Would be good to get some positive PR from OMI to improve sentiment. Either way the sp will be much higher over the coming weeks and months imo as the project progresses.
Volume is 138k, or £34.5k roughly... no way it should have dropped 7%.
Almost like there trying to drag it down.
Looking good here. Good to see directors dealings of about £50 shows confidence
I reckon it’s going to take descent drill result to get this moving the right way again.
Starbright calling people out for ramping when the price rose from 28 to 38 in a week and yet last night he posted this.
——- ———- —————-
SP got over-heated on unrealistic expectations and associated ramping, but then corrected. Good value now below 30p. HTH.
————- ———- ———. ————
so while happy to accuse others (for the rise last week) his advice last night suggests buying below 30 - will be a bargain soon.
Hmmmmmmmm.
Me thinks he doth protest too much.
skint
SB- I don't think you've touched any sore point neither you can. Keep posting your ridiculous valuations and at times view points.
I've clearly explained a couple of times now and won't repeat it again.
For me, 50p+ here, with such low cap and tight float is not unreasonable level to claim if we had seen better results...and it will get there in not so distant future for various qualities Omi has.
If you wish to continue, otherwise your necessary arguments....feel free to do so. It won't change my view point to the slightest and it's there in my record and will remain.
Thank you.
Starbright and all
You just need to see the latest video interview by PAT ceo on Proactive.
The inground market values are:
$100 per ounce for Resource
$300 per ounce for Reserve
So you can now work out the buy out values if we produce say 5m ounces
Islandgirl - yes, you are right that there are many many unknowns so it’s often not possible to generate high confidence in valuations. However, the processes of valuation - for example looking at comparatives and reviewing the output of commonly used metrics - provide a great framework for understanding what really matters when looking at a company. The valuation journey is often more useful than its output.
Surely any attempted valuation is futile especially given the early stages of the exploration.Just hold for a couple of years and take your chances and hope that the biggest gold miner in the world knows what they are doing
Clearly I’ve hit a sore spot there...
bhargav, if you look back at the discussion on valuation from last week you will see that I didn’t articulate my own thinking on valuation. Rather I tried to play DevAd on what was being posted here. I tried gently to point out that:
1. OMI’s economic interest (that should be used for LT valuations) is not 100% of project economics. Degsy (sorry MasksNewNorm) and others were very keen on asserting that OMI owns 100%. This is/was misleading; deliberately so.
2. GGP’s peak “42% of in-situ reserves” valuation seems unique to the circumstances there. It is WAY outside the envelope of comparatives (I gave a range based on Edison’s sector research) so should be viewed with caution.
3. That if the metrics applied in the Zijin/Continental transaction next door were repeated, the valuation implied for OMI was very different to the numbers being proposed by the more excitable on this site.
These points were obviously not popular with all those roaring on the SP, and the discussion wasn’t welcomed or (frankly) progressing. So I gave up, and posted this on 17th:
“...what I was trying to do was to provoke an evidenced debate on valuation methodologies. I’m not wedded to any one in particular at this point. But “because GGP” isn’t enough for me. It’s evidently not the week for debate though! I’ll wait and enjoy watching the crew hard at work here. When it has all died down there will be a better opportunity for those looking to discuss rather than simply to “get the herd over”.“
I’m hoping that better opportunity presents itself soon. These boards are valuable when used for the exchange of information and ideas - particularly so when those exchanges take place between people with professional experience of mining and investing, and those such as yourself with deep knowledge of the company.
Camperdown, I’ve been frustrated to **** and get even more frustrated when there is no one to rant to. Ive tried to stop recently coming on here and airing my frustrations as it falls on deaf ears. Where can you have a rant at the FCA about concerns manipulation and scammers?
Forseti-
You're hilarious, thanks Dr- our time will '100%' come and let me re-iterate 50p+ at this level despite of luke warm RNS imo is still cheap as chips even now (whether market or individuals are on different tune of reality at this cusp).
26p is the price of frozen chips!
And time will tell :)
Forseti, albeit I’ve not been doing this long and was introduced by a friend, I have up till now tend to buy in at the wrong time and get burnt. Lol. Although you would think buying just after a decent RNS would make sense, nope, not me. But it’s all valuable learning experience I suppose. Let’s hope the recovery is a quick as the ludicrous drop.
The whole of the market is down not just OMI.
Rest assured thus will return to 32-35p in a very short space of time...
BST
Having confidence in a company and ramping / pumping it to high heaven are two totally different things. I also agree we are undervalued and should certainly in the 30s - 40s. Not sure how you can accuse someone of pumping whose been here 3 years, a lot of the time talking to himself on this board and is still here today. He obviously sees potential here much more than 30s, 40s and 50s, as do myself and it appears many others. We’ll see in a year or two who was right, and also who is still here. Good luck all genuine holders, our time will come.
NIce 5% tick up today, which makes a change from the last few days.
Next time there is an RNS due and there has been a good run up in the price i think I'll top slice.
I'll probably time it wrong though and that will be the RNS that sends the price into orbit ....
we'll wait and see.
GLA etc etc.
SB- 40-50p+ and I still stand by that quote is not unrealistic by any means and yes, its in my post history and will remain.
[We touched 45p, not once, but twice before and the past years grades are good, which was proven by the first hole results as a confirmation note. And everything else we heard at the presentations, it was not unrealistic to see cross 40-50+ on the basis of equal or better result than hole 1 for another 4 ].
Unlike the ridiculous valuations I've seen in your post history, back and forth. But, no offense to that, as that may occur sometime in future too! But, not at this stage. I'm not interested in airbrushing anything history or what I think of it even now.
Thanks, for your input and voice though.
OMI not on IG’s list. Not the current list anyway.
Bhargav - you spent the week before last telling everyone that 40p+ then 50p+ was imminent. The price is now 26p. Your expectations were unrealistic. I know that you are a committed long term investor - and I share your optimism for the future - but please don’t try to airbrush history. This was pumped to high heaven last week, and your voice was prominent alongside the pumping crew roaring it on. It’s all there in your post history. The crew has moved on, and the unrealistic expectations built too early into the share price are nothing more than (another) transient spike. What matters is that the price today isn’t overheated in the same way. OMI is a much better investment proposition as a result.
possibility that OMI was on the IG list for sort out, maybe after a series of complaints(mine included)to the FCA regarding scammers is finally seeing the light of day.gla
Khizar,
Expectations were not unrealistic....considering the results of 1st hole and Brad's pitch. And we'd been to 45p before just on the news of the project approval and another major of Agnico stature joining us on the board. But, the released RNS didn't played out to the expectation many have had and they couldn't wait for the next drill news which is weeks away. Associated ramping to certain degree wasn't 'way' out of the order either, apart from a few obvious ones who were counting the chickens before it hatched with ahead of the time of numbers assumptions of XMoz and £X valuations plus TO speculations whilst we've barely resumed our search of the content underneath of the ground and face the challenge to read the geology and to assess the size of the find in months/ years to come.
So, taking all into the account, market have reacted the way it has.........and no one can do anything about it. On the contrary, if the news was of upbeat and expectations (not unrealistic), it could have been a different story all together with market reaction instead and Its a fair call either way....which unfortunately at times can fall and overdone.
My take, even with the news we have seen, mid 30s is still a reasonable level at this stage.
And as the things are progressing in the right direction and majors have decided to commit more with the 4th rig, extension of drill program, better study of the geology perception etc..
Its only matter of time before it may start picking up again....I think.
SP got over-heated on unrealistic expectations and associated ramping, but then corrected. Good value now below 30p. HTH.