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IG manipulate the spreads to maximize their profits, particularly in small cap stocks. Buy and hold.
100% agreed Phoebus. The sector as a whole may benefit from a tailwind for while.
Thanks Bhargav. My thoughts are make hay while the sun shines on the gold sector. Smaller explorers and developers in particular will be keen to push the envelope as quickly as possible during the bull market.
Phoebus- I believe as per the contract, the full feasibility NI (Jorc equivalent of Tsx) is due in Phase 2. Omi have already submitted the technical NI long back. Brad is JORC qualified and as the drilling campaign picks up the pace, they may bring it earlier then it is due? Perhaps.
Lets see.
Bhargav, is there a timescale estimate for a JORC/NI and SS/PEA? I would have thought that this plus good drill results from the multiple rigs would be enough to justify a massive re-rate from here over the next 6 months. What do you think?
Agree, what's couple more year and it'll go fast, right time to hold your bookings is now and just let it multiple in coming times...'now is the time'
and pace would pick up soon. We've already tested 45p twice, next time it won't shy away imo!
GL.
Yes - I tend not to day trade because short term, the price could go anywhere and I'm less trusting of very short term charts. Massive spread on IG at the moment, which may indicate a desire by the MM's to try and slow the advance. Ditto on your strategy - I've got a core position and trading with a small %
I intend to hold my core holding and swing trade a tiny percentage for a bit of fun. Heck, I've been in this stock for ten years, what's a couple more!
MMs are not dropping this on sells they are dropping it to get shares. Hold for gold!
eldarado, Normally corrections are an ABC affair but with commodity stocks I find anything can happen. They don't follow any rules. For example, I would never have imagined OMI going from 5p to 45p in 2 weeks.
Glad I kept topping up break even now,lets hope it steadys now
Agreed. My pops bought 2500 shares around 30p. Must be the reason for the rise. LOL
"There are very few gold mines in the world of similar potential, and the fact we have two of the top ten gold miners in the world involved in its development speaks to that potential." said Brad. "Its 50Km South of Buritica which has 10/11 million ounces of gold, very high grade, plus 10 grams. Anza is an exact analouge geologically, its the same structure, rocks , width and grade to Buritica. What we don't have yet is the same tonnes, so we need to prove the resource. "
All free to OMI and the best in the business Newmont funding it along with No 8 Agnico
I agree karl345345 - 35p was on the cards based on the hourly bullish MACD crossover early this morning. Bought some more - so 2 additional top ups below 30p. Do you think it will dip again?
Dropped to fill orders. Expect some large buys to show up after hours.
Always remember the 3 days to settlement. I would predict a big drop or shake on Mon if we have two positives from now. Its under a re rating. Look at the market cap, look at the JV.
Looks like a price breakout after several days of consolidation forming strong base. Price could challenge the 45p highs again very soon.
Any sign of lunchbox ?
Absolutely agreed. Currently 14% up on live price.
you must keep your shares through thick and thin. I can imagine a lot of people sold up on the downturn only to see it on the rise again today. You don't get rich in a day. It takes time. Well, you can get rich if you time it right.....