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Yes, he did mention that drilling will cost substantially less but maybe factor in that they won't be drilling as deep. Feb to April Cash burn was $133k per month, down from $196k per month June - Feb.
One has to bear in mind, it's not just the salaries of the directors; but also those of three geologists (two of whom are named on the website), plus an unspecified number of other workers ("the lads" as Brad recently called them). Exploration requires a labour force.
I was happy to see blue yesterday and none of the Muppets posted anything silly against my name....
Thank goodness to see a couple of buys at the close...
If they've their way ...they can post anything to blame.
I'm an LTH and as long as it doesn't falter happy to wait it out for another 5 years even see 10p...and I can afford it. But I hope it can do much better in coming weeks and months....I'm not here to please anyone or earn any respect....but rather hope Omi sees better days if the poor BoD stop messing about time and time again....and care for the shareholders for a change.
Good lord.
Self-aggrandisement 🤮
Yes It's always all about bhragarv, everyone else don't matter, he runs down anyone and everyone and is deeply shocked when someone says something against him, if you can't take it don't give it simples gla genuine holders.
Bhargav why do you keep making such narcissistic statements such as waiting 5 yrs to see 10p. You obviously don't believe that nonsense so why say such negative things for the sake of it when you've said the complete opposite when recently posting on here and telegram. Your mood swings are quite entertaining though. The promise of positivity and you can see 50p. A delay in getting the keys back and you can't see 10p for 5 years. At least you've left massive wiggle room to pitch future predictions so perhaps Brad should adopt a similar tactic so we can't hold him to account.
And where is 1post Vicky22, can you expand on your comments I'm sure we would all like to hear what you got to say or have you disappeared just like golden car.
Why are people responding to bhargav? Just don’t bite unless you want the forum to go downhill again
Johnny who has given you the authority to say what one can post and one can't are you the police of this bbb
John who made you boss of the forum? When Bhargav posts crap are we supposed to just take it. He's clearly having some kind of meltdown and if you agree that we won't see 10p for 5 yrs then you are as dillusional as he is.
it definitely does seem that bhargav is having some sort of crisis. he predicted 8p about 10 days ago before the deal was signed and then proceeded to go on his negative rant ever since. all very odd. however i'm actually quite pleased he's turned negative as although he's been here a long time and posted more than anyone else he has pretty much always got it wrong, and i've been a holder since the day newmont turned up. i'm actually beginning to think not only is he leematt but he also might be zak mir, as he also can't hit a cow's **** with a banjo with his predictions. deal will be signed this month and then a webinar with the drill plan to follow. it's going to be interesting if nothing else.
So, cash burn for the last year is $2.6 m with little exploration. Last raise was $500 k less costs for 9% dilution. We can assume higher costs if any drilling is to be done . Interested to know some estimates of how much drilling will be done this year. Costs etc and how it will be financed. Looks like it all hinges on a pretty big re rate otherwise another 30% dilution just to keep the lights on this year. easy just quoting golden tickets , ggp , 2 largest majors but at the end of the day it boils down to time and money. Any delays makes next dilution closer still with no real progress in oz.
I am still adding little bits on pullbacks and will wait and see how things pan out.
Jack. My spare is going clsk and Mstr and cipher. Dyor obvs😜
Morning Seingred,
As ever the voice of reason. Talking sense about time and cash.
Good sign for the bulls that Seingred is still adding on pullbacks.
I will do my research on those Ideas of yours, thanks
Seingred agree the bears and the bulls both understand this. Important variables remain unanswered in that respect however one has to take this one step at a time and perhaps temper their timelines and not look to far in to the future. All that matters near term is securing 100pc, and getting the drills turning at Pepas. Are Omi being valued at 50pc of Anza? A re-rate should surely happen in gaining 100pc of the project, results from Pepas (market love a good drill result - you can virtually guarantee that the results will be strong). The project has had a lot of money spent on it from phase 1 and historically one must remember. JV or finance could already be lined up and perhaps may be more creative. I remember the pens poised tweet was 6th of March but the LOI wasn't signed until 22nd March. Perhaps something else was signed at PDAC and is the commercial sensitive info alluded to in previous RNS. Of course that could be complete fallacy also.
Well...well...well....I'm also Zak Mir, that's new to me.
Anyway, I didn't expected any sensible out the English scholars who can't interpret any posts well...so no surprise for me.
I was happy to see blue, glad to find a few buys at the close, prepared to wait for 5 years even if it gets to 10p, but hope we reach their in coming weeks and months, BoD should act in the interests of Omi share holders etc....
All that was ignored....not only the muppet ST is now arguing with John.....but claiming one is disillusioned?
Far from the truth....as always!
One can see 10p-50p- or more in the next 5 years....who knows how things will pan out...but...I won't be over optimistic....and last placement for VIP holders was big red flag that things may not climb as quick one hope for.
And I'm prepared to wait.
Yes, financing is the biggest question / hurdle here. As Seingred says, we need a re-rate before we any raise. Hopefully the board will pull a rabbit out of the hat in regards to this. Could Newmont throw us a bone to get us going, they are our biggest shareholder after all.
I think we all know the plan is to re-rate the stock on reclaiming Anza and moving straight into a drilling programme at Pepas. The advantage is that it doesn't need to be an extensive drilling programme first time round, because it's following up on the drilling that was done by MMA. So put a few holes in and get some world class results out to feed the market.
All we have to decide is whether we believe the above represents an opportunity from these levels, whether short term or longer term. At 4p, surely a high probability bet worth taking? Or if you don't think so, then fair enough, don't take it.
Ticking up nicely and looks like it's getting onto people's radar as well.
https://www.youtube.com/watch?v=MV9_8K494rY
I don't know the guy...@14.47 mins.....hopefully someone better than historic Zak, and a few newbies here!
Sadly though Aquis is pointing to -9.30% today but it can change the to blue any moment.
We live in a hope.
Think he went to the same school as Zac.Their confidence overbrimith!
Looks like it finished 4.50p on the Aquis, nice turnaround. Gold back over 2300, all good.
Yep...blue finish...wide spread...nevertheless it seems MMs will try for 4.90p.
Yes wolfy, some good points there on your posts, I echo that, question for anyone, now at 4p ish, what do you think the sp will be in one months time, after we have the keys again(hopefully), captain George the boss, Anza his little baby(or elefant), drill results to come back from Pepas by early June I would imagine, if they are any good, then I do think it could be game on.
Just wanted to say it’s been a breath of fresh air since filtered out negative posters. Almost enjoyable to read now. Defo going to be enjoyable month
Now being quoted 4.4p for £5k and we are only 3 days into May. Expect this to start moving back towards 5p (which would make for a bullish double bottom formation). GLA