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In general, It is easy to say when there isn't much News it is rather challenging to buy/ add more for most of us.
But, the current low volume raises another concern for me, a) they're not dropping the price much below 4p and
I'm waiting to top up since the Friday, pay day.
b) if MMs cannot accrue enough before the News flows...how's it going to shoot up above 10/ 15p (where it belongs and much higher to begin with)? IMO.
MMs needs shares.....After a long time you can flog 25k+ at a go...
Come on.
What's cooking?
Bring it on :)
Gold...over $2050....a few large sells of 250k recorded over last 10 days or so and yet MMs won't reduce the Sp much below 4p......
What's cooking?
Friday...pay day means I can add more. I'm no "AIM Guru"........ :)
GP loves ticking for a while now...NM entered at $1200...and look at it now...
I believe our time of fireworks will come at some point...new team will muscle in
to prove their pennies worth..
Ignacio have left an easier path to take this forward..
And, I've heard "smart money goes before the herd and ahead of the curve" :)
I'm looking forward to celebrate an early Xmas this year!
Lets see.
Quiet day but all buys so far
Added a few, 93k.
After a decent few blue days, MMs have now collected a few today from devout traders (:)) to take it to next rally. 3.70- 80p was expected without news and it offers good support.
Higher lows,higher highs......with such tight circulation, it is challenging to 'pop' without ammunition, but overall trend has reversed and this is the only way it can sustain the uptrend in given scenario. Aimo.
Lets see what's next week has in store...?
Sotolo- I understand your view and I've expressed sort of my disappointment here in past. But, the strategic decision to focus solely on Anza in partnership with NM and take it forward was his main aim when he realised Uruguay business is running in loss when GP was plummeting and decide to close the site for good.
In the light of court settlement etc, I think that's what he said, it was his best achievement for last 2 yrs.
As per the future prospects here, I think it's not pathetic, but rather a rare opportunity to invest in.
But, I do share some of your grief and market have punished it.
I'm here for Anza and NM partnership.
Hope to see better days now and beyond.
GL.
Bhargav. I have held omi for a very long time since It was Uruguay minerals and I had over a million shares. He may say Ironing out Uruguay was his best achievement, but
first despite talking up the Uruguay prospects, so expecting it to be saved by a rising gold price, the Uruguay aisc shot up making it unexpectedly unprofitable, despite gold rising
Then the next achievement was to close it unable to hang on for now, rather than mothball, when it would now be making $500 an ounce profit increasing the share price may be 30 fold or more
I have used my shares to create capital losses, and keep the last third for just that having pretty much written them off
Now the achievement would have been to come clean on the company’s plight in Uruguay rather than springing it as a surprise
Then keep keeping it going, for now
And not destroying almost all the value of the shares
Imho
With soaring gold our share price and prospect are pathetic.
Look at the price of silver go. Very hard to get your hands on physical right now as well.
Actual spread is 3.68-4p and they're not letting you to buy...not much restrictions on sell window at this moment...
Come on MMs, let the 4p go and you may see bit of swing trader sells interest you so desperately need...!
Investor-
Agree, but the long wait will be the thing of the past soon imo.
Ignacio said- Ironing out Uruguay was his best achievement in last 2 years which market didn't appreciate it.
He said- the re-rate should resume soon with Gold price rising and NM backlog of merger and Buritica sell workload is
now over and next 2 years will are crucial for NM to take this forward for any conclusion.
Look at GGP which has high volume of shares in circulation and Newcrest is still working on one of their project.
It shots up from 1.5p to 15p.
Here we've tight circulation, once the re-rate is triggered, I expect a greater fire works here.
Let see.
Gold price rising but OMI stuck at these levels which is disappointing. This is whilst other explorers have risen and they don't have a partner or as exciting a project as OMI.
Gold price rising, some positive news here can do justice to our patience is likely..
A few buys this morning..
4p hurdle may cross soon?
I wonder if our ceo will release some news before his departure? We shall see.
More number of shares seems to have sold today compare to buys and yet Sp closed at 3.50p in blue, it shows how desperate MMs are getting now(?)...
Golden cross can't wait to meet the technicals.....
Let's see how it unfolds tomorrow and on Friday before the last week commence for our departing CEO!....
Tick tock. Tick tock.
This time, it may break the shackles of 4p soon....!
Lets see
Until any significant re-rating news between now and December, it seems the So will changing hands between MMs and short term traders at this sort of 2.80/ 4p range...every week the anticipation of news will gradually up, June 2020 seems to have more time for onlookers....but, overall, I agree with Elgor, if NM starts drilling, it would be challenging to buy in good quantity. Golden cross( if happens) is still days away....
In the meantime, my strategy is to keep topping up like I've been for over 18 months now...
Odds may soon turn around given NM is sitting tight for nearly 3 yrs, GP crossed 1800 etc..
Nothing much left to say.
Let's see.
Once newmont start drilling here this will explode past 10p and it will be hard to get any decent amount of shares.
Not to mention the pog just entering the 1800's today at last. Could be about to exceed the record high of 2011. Annoying thing is the other 2 mining companies in my portfolio have gone down in value yet are ripping good volumes of gold out of the ground despite everything that is going on right now.
Interesting times - seems gold is one of the safest bets you could make right now. Hurry up Newmont!
Now would be a prudent time to add some gold stocks to ones portfolio. The impending recession will continue to move hold prices higher. The case for my investment here is newmont have been here close to 3 years and will start paying higher amounts from September and the company has sorted out the deadwood in Uruguay Very few shares in issue whilst we are bankrolled by newmont. Of course I am hopeful of a news update on when newmont will take us forward. If the ask dips to 3p I will be adding a lot more