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It’s crazy we can’t hold over 5p. How many times have we been here now. Everything to play for but still we remain at the same sp. when the rns drops do we think the sp will take off or just get traded ? My prediction is 6p but others have big expectations I know. Longer this goes on the more things are just repeated.
Only a matter of short time before we hold the 5s. I would expect us to get there before the RNS lands. As for the next significant leg up, I think a lot of money will only commit itself once everything is confirmed in the RNS. I imagine more than a few existing holders will also be adding at that point as well. News should land in a couple of weeks at most me thinks.
Legal I’m positive but gut is telling me 6p will be reached and the traders will just smash the price down. We shall see very soon. It’s been a long wait this.
Presumably, there will be one RNS about the purchase of MMA, swiftly followed by another announcing that drilling has started. And then perhaps two or three weeks later, the results from the lab in Medellin.
Of these three, I expect the results to push the price up most.
We’ll most likely see a director buy RNS aswell.
That would be very nice, Dr.
Sure there will be traders selling, but that's to be expected. I would expect any pullbacks caused by such selling to be bought into, especially at these lower levels, meaning the price will rise. What none of us know is how much interest (i.e. buying) OMI will attract once it gets Anza back. The stock has been in the doldrums for the last year or so. But the potential is huge here, and there is nothing like drilling results to get a market going.
Every stock that's going to rise, does so in a zig-zag fashion.
This was true of GGP in 2020; the rise was sustained by a steady flow of good drill results (released by Newcrest every six weeks, if I remember rightly). The geology here may be equally (or more) favourable; but we don't have a buddy to pay for it (and the last one stabbed us in the back). So the dilemma for the directors is: do we go it alone, which means repeated dilution; or risk a joint venture with a larger company? My own preference is for the first. If the incoming drilling results are good, fund-raises can be done at zero discount. And no-one will complain about his 1% holding being reduced to 0.5%, provided it's worth much more than it was before.
Impec, if we are to go down the very risky path of option 1, I would want to see a plan as to what is needed to get some formal resource estimates onto the board. Surely, having spent $20m on the project in recent years they have a LOT of data that could be used to formally estimate resources? I know that they have enough for their own internal estimates but how far away are we from making it formal? The formalisation of resource estimates is that will drive the BIG revalution here, the sooner OMI can make that happen the better.
Impy if you think about it our wonderful partners only put in 1m first year 1m second year and 4m for last 2 year sand what have we to show for it loads of data that no one knows about except brad maybe. so to raise 4m should not be that bigger deal on good news and share price booming. So down to Brad again to give us something to be confident about and the plan of action.
I think Brad will knock us for dead in coming weeks with what he will say and if he dunt dig deep and buy buy buy then this share not worth investing in.
Over to you brad give us something to chew on.
There are risks to option 1; but there are risks to option 2, too. There may be changes in the corporate landscape (Newcrest for example was taken over by Newmont); and the interests of the shark are unlikely to coincide with those of the minnow.
I'm not a geologist; but I would prefer to have Brad in charge of the drilling decisions, than someone at Newmont, who distinguished himself by drilling in the wrong direction eighteen months ago at Pepas.
There's a personal factor, too. I like supporting the underdog, the little guy. I can send Brad an email, and get a friendly and amusing reply; which certainly would not be the case with the CEO of Newmont, Agnico or Hochschild.
Don't forget that in the last video Brad stated that once a deal is signed he will be doing a webinar, so I think a lot of our questions will answered in that. Remaining very positive but the closer we get to the end of May the more nervous I will get. It's fine that they are in Colombia working on drilling plans but that will mean nothing if there's a last minute snag with the deal. For once I wish OMI would under promise and over deliver on timings! On the subject of director buys, the situation is very simple, if the board aren't prepared to invest in something that they are expecting others to invest in, something isn't quite right.
TJ, there will not be any snag, MMA have achieved their objective which as to claw back some of their investment, the royality is extremely generous. The deal will go ahead, as if it doesnt OMI MUST tell MMA to f off with NOTHING which they have a very strong contractual basis to do, as I covered in many lengthly posts previously.
Ofc, this does not guarantee a timeline, it could be delayed, but 100% will go through or MMA walk with nothing. Remember, OMI hold the licences 100%, we dont need MMA permission to press ahead with Pepas drilling.
Yes 5s looking a bit difficult to cross but once it goes it'll be gone for good, a really good start this morning then fizzled after midday, at one stage when we hit 5.5 I thought maybe a six finish, oh well it will come I'm sure, every day that ticks by is a day closer to the big news, frustrating as it is it is what it is, not many days left in May now so any day now news can land at anytime so I'm still very optimistic, how does the song go phill, no you can't hurry shares, you just have to wait, shares don't come easy, it's a game of give and take, no you can't hurry shares, have a gday as Brad would say, altvb and gla.
Break, the deal is agreed and has been for a while, majors are happy and want it sorted ASAP as does the board. It is now in the hands of lawyers which we all know can take x amount of time.. Like a house sale in the UK they can be dragged out for up to 6 months waiting on solicitors going back and forth. I’m thinking Tuesday next week, as the market is closed Monday and we all know Orosur love a Tuesday RNS.
We touched 5.7p before the placement a few months ago. So retesting 5p is great achievement, and helps BoD to flush the share holdings of friendly VIP parasites.
Its going according to the script. BoD may add a few sample buys to excite a few mugs here in coming weeks.
Moving forward, I'm not expecting a huge sutainable spike as number of recent buyers (who bought between 2.2p - 4p), traders, and VIP holders will continue to flog their holdings to pocket some profit. And then there will also be LTH like myself who will continue to bail out in chunks if the SP continue to rise little more.
We're stuck between 2-5p for long. Next station for looooooong shall be 5-10p bracket. More like, 5-8p.
This is my green of the day!
I’d imagine we’ll see the return of the likes of Leematt once it starts climbing as he has mysteriously disappeared. The initial news should see a climb in the share price and if drilling has already started then I’d imagine it could carry on rising into the first results. I certainly won’t be selling on the first spike on Anza return news if the drill results are only going to be a few weeks away.
This price action in the days before news landing is exactly what we want imho. The large buys are still coming in. Basically, we are clearing the shares available below 5p, as well as the sellers just above 5p. This action is clearing the path for the share price to rise when the news lands. It means we will see 6p a lot quicker as a result, and then of course you get FOMO setting in as people see the share price starting to move on big news, and the whole thing fuels itself from that point. We have to remember that Anza at 5p is dirt cheap and bargain basement territory.
Just need BG to deliver the news we are all anxiously waiting for. GLA
No anxiety for me. The deal is done and will be released when it's ready. Louis not going to be out sleeping with scorpions and doing his best rawhide impersonation otherwise. Next week seems nailed on if we don't get an RNS this week. Market sensitive info is en-route. 5p is cheap, and I am sure it's close. Though if I was on the outside, I definitely would be getting some pre-RNS, things have a habit of going a bit loco here on positive news.
Interesting play this one. Look to position by end of week.
Big news not far away, I see from comments. Don't want no FOMO.
Good to see the large buys coming in at these levels. Have we now seen the back of the 4s? This is the home straight so far as waiting for the Anza confirmation goes. GLA
I'm glad to get rid of 89k+ shares just now....I'll gradually will have to make another 20 of such trades to empty my LTH portfolio and probably turn into a trader only.
17 miliion VIP holders will continue to haunt for long...and then we've another 17 million of them to flush in warrants....
And the begging bowl display in July event with a few sparkles of Pepas results added to the sought after goody bag which Tom and Nick can't have enough of.
As our BoD who's subdued to travel on Donkeys with zero credibility under their belt....the next few months as exciting journey to the mountains it is....there will be a lot some roller coaster swings ahead I would imagine.
Let's see.
By the looks of the green filtered post and still no RNS, Bhargav is no doubt talking down the company and the board. It just fills me with Joy that I no longer have to be bombarded by his repetitive depressing rubbish.
The muppet don't have balls to face it....and his pirated Sherlock holmes partner is from another planet I take it? LOL.
We now have a convincing reply to anyone who accuses OMI of being a lifestyle company, or the chairman of not earning his salary. No-one in his right mind would choose to ride up a tropical mountain on horseback, in order to sleep with the scorpions. Louis is doing this for duty, not for pleasure.