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anyone named Schilling is out to make a killing.
In mining he found his hunting ground.
I hope his investment intention is sound.
Good Luck.
NickVonSchilling is not poor and he knows why he is here.
At present he is on holiday drinking too much beer.
Once back he'll see that OMI is a super bet and any good bet
is for the aristocracy who needs easy money for luxuries.
His money will start a good jump . Short sellers are forced to pump.
another case of another AIM listed explorer suffering at the hands of short term sentiment.
We know that we have the grades and that the stuff is in the ground, we just have to be patient and wait for a bit of news to get the markets excited again. Precious metals have taken somewhat of a beating this last week which wont help us.
Always strikes me as odd that in an industry that takes years to progress a first find to a known resource to a functional mine, that so ,many so called "investors" take such a short term view.
Although my average is now a little higher through topping up, I've been here since sub4p and I am happy to keep holding.
There's always the chance the BOD are, y'know, just doing what counts - working the asset - rather than whatever else people think they could/should be doing.
What's in the ground is what's in the ground - poor SP performance? Well it went from 5p to nearly 50p in a flash and has come off two thirds since then which is what makes this so attractive at this price - timing is everything if you can't bear being under water on paper for any length of time, yes?
Looks like KOD have added a good £15m to their MCAP from “new assay results up to 1.97g/t and surface samples of up to 4.2g/t.
Wake up market, we’ve dropped £50m since our last grades of 948g/t, 17.4g/t, 11.6g/t etc etc. One of the most undervalued juniors on the market, if not the most with substantial cash holdings, and a free carry from 2 majors with 5 drill rigs turning.
Any return of sentiment could send this 3-400% up in a matter of days.
And the red days continue day after day...does seem that OMI are not bothered about the very poor performance of the sp and so to me that says to me that they are not bothered about shareholders. I do believe the sp is being heavily manipulated by forces in the background and either the BOD are oblivious to this or don't care... have to say my faith in the OMI board at this stage in non existant. Does seem the sp could just keep falling, if nothing material changes, despite have 2 big players involed and a strong balance sheet. At some point the sp will reach a low point and will then go up....whenever that is...who knows?
Well someone likes it at 14s - those aren't my buys - as ever, who knows :)
You guys would know better than me about cash/funding but the skinny director buys were always the biggest red flag here.
Anyway, lets see where she ends up.
five0 - OMI have already stated they are fully funded from the last placing. Remember, the Anza project itself is funded by Newmont/Agnico so why would OMI raise any further cash at such a low shareprice. Answer, they wont. We need to see more director buys at this level. Nick Von Shilling better get his hand out or I want him gone.
Those brokers found suckers in the past making
unexpected calls to unsophisticated investors.
Shares were dumped by penny share pushers with a
pack of lies and a promise. Brokers help Mining Sharks
to find investors who are systematically misled and robbed.
I re-iterate there is no way the continued selling is coming from retail investors, OMI stock is clearly being shorted and you need look no further than the spivs in the City, probably the same ones that are close to the company, doing the shorting.
Anyone who understands the mechanisms of small brokers (usually referred to as bucket shops) would understand they make serious cash out of short positions . When this matter is raised to CEO's privately the CEO's usually ask for 'evidence' or words to that effect, this shows their ignorance of market matters.
The only way to beat the spivs is for the company to refuse their offers of cash, namely say no to them if they suggest there is market 'demand' for a placing. Basically the spivs are saying we want to close our position now and can you give us a easy route out, most CEO's are only to pleased to do so !
So the question is will Castro or George succumb to the above request should (when) it will be asked ? Hopefully the answer will be no thanks we don't want your cash !
Evening.
Notable, I think, how this barely budged today while many other goldies were being pummeled - there'll be a reason for that.
Interesting trading earlier, I managed to get a few at 14.1p by cutting my order size down then was blocked for anymore so tried a FoK @ 14.25p which sat there for a full ten minutes with my broker without being filled (usually filled with a couple of minutes) but then the ask moved back up while it was waiting :)
I guess nobody is in a hurry to be offering many of these near 14p which looks about right to me.
Bring on the news :)
Pocket money mites squeezed out.
Smart investors buy. They know why.
Not many junior goldies involved with Newmont - the world's biggest gold miner.
That's obviously part of the appeal here and you can't help but wonder why Newmont made that commitment.
Bare in mind on the last LSE webinar Brad said he expected further licensing news by Q2 and also expected Newmont to take over the drilling.
We are due lots of updates in a very short space of time. We are under the radar now but could fly at any moment..
Well that really does look encouraging - keep em peeled I guess :)
Took a bunch too - hard to ignore the weekly MACD unwind here :)
Just added 40k
What a low M/Cap for what we have !