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Most likely end the day in the low 12’s
Can sell up to 4000 shares at 12.5,
Strange can’t sell a bean.
Anyone know if we're expecting the second quarter results soon? Could be some updates with that?
Agree with Wolfy- they have been collecting 30, 60, 100 samples a day for long....mid Sept- Mid Dec.....lab time is reduced to near 2 weeks, Brad is in SA. So, we could see an update any day.
There will be no news until Brad George returns from South America in a few weeks, so news is more likely first or second week into February
Positivity in short supply lol with news due at anytime I’m not surprised at the buying at these levels ..after I have been buying in the 12/13p area myself .. could easily go back up to 15-16 in anticipation imo . More sustainable news must be incoming after all those 25p warrants can’t be converted on a intraday spike !
It’s the same old same old by mm’s just play with the spread hope it does keep going up would slice a few like everyone else does
It will fall back down , would love to see it continuing but will it will come back down to 12-12.5 level by the end of the day
Very small volume looks like mm’s games to me. To be fair this is the only thing in portfolio that isn’t down.
HAS BORIS RESIGNED - pleeeeaaassseee!!!!!!!!!
Something is kicking off.
20p here we come
10p here we come
Looks like the slow walk down again till news, hopefully not months away this time but with Brad’s timescales you never know.
Looks like 11p today. Good time to top up
@Seingred - To be honest I’ve not really delved too much into any others as my money and time is invested here. I do keep my eye on others in the Cauca Belt region and have been having the odd check on Fenix Oro. The fact is there market cap is not too far behind ours, have no JV in place, will require funding themselves and I don’t personally think there Abriaqui project looks anything near as promising as Anza.
I didn’t give you an example as I do not no of any. Orosur Mining will be the first in my opinion. Yes I think Buritica will used used for future comparisons later down the line in regards to AISC. Do you eventually expect OMI to be eventually bought out if other areas are as good if not better than Apta?
https://s3.amazonaws.com/b2icontent.irpass.cc/2596/rl104798.pdf
kemot, their m caps may move quicker than their sp . stuart moller who led the exploration of buritica is also with fenix oro and very close so it could be that they will be more successful who knows. with joint ventures now being sought it will only be a matter of time before we see the start of raising , just remains to be seen how they pan out. it is moot whether we get bought out early or not but the project is 10 years from gold and the early years tend to be the most productive in explorers in regard to sp. I agree that having the funding covered is good . do you think that fenix oro will have higher costs than omi , if so why? truth is there is no defined resource so no aisc so you are stabbing in the dark with both, however gcm have an established resource , production and aisc . very few here define how they come up with their fantasy share prices. apart from using ggp. gran colombia are producing 200k gold and silver have great grades and another project and pay dividends so when I see peeps posting share price forecasts of £1 for 25% of a just starting project and I compare it to g colombia it just doesn't stack up for me. i think it fairly unlikely that fenix and omi aisc will be too different and expect that omi will probably refer to buritica aisc until a pfs is produced. I am not saying that you can directly compare these projects but it doesn't make sense to imagine that just having a major drilling and taking 75% of the project makes it worth £100 m when there is a project very close turning up excellent grades with a m cap of £13m . perhaps fenix is for sure worth a punt. personally I think 20 p is probably a decent valuation that we can attain in the short term .
Dr , not saying m cap of £100 m isn't attainable at some point and that would be life changing for me too but there is a lot of road to run for that imv. you haven't given me examples of latin american explorers with no defined resource with a m cap of £100m ? I certainly will sell some on spikes and re buy. thought about letting some go at 16 p but hoped for a bit more legs and missed the boat. for me its simple, buy when its low sell on spike ,re buy when its low ,increase holding without having to keep risking more capital.
anyhow, I have my quota here unless we dip to 10 p again so hoping I am too conservative in my expectations. I am far from negative for omi but just think that some bandy around unqualified share price predictions.
I’m not expecting one tomorrow with Brad being in Colombia. Looking like the share price may continue to drift until the Colombia update drops. I’ll be adding at some point but won’t be rushing into it, not sure when to expect the next update to be honest. Good luck to all.
Tuesday tomorrow I wonder. Brad said 2 week turn around so that’s more like 2 months lol
thanks BT/Dr. Funny how the mind works, I saw this as a long term hold and imagined the company would have kept it in their portfolio of projects, not considering a full sale.
Still wouldn't be surprised if we get an update tomorrow, we know from the conference call that Brad was travelling to South America at the weekend. Going to be a lot of people getting their trousers pulled down by the mm's trying to buy back in I reckon.
"fenix orro, m cap £13 m, outcrop £13m and baroyeca £17 m, in colombia all have m caps well below ours"
SeinGred I guarantee you that their m caps will rise much faster than their SP due to future dilution. We don't have this problem with our deposits in Columbia.
Also comparing deposits only by numbers is pointless and doesn't tell you much. You can have similar deposits in same area and one is very profitable and the othe one barely make any money due to higher AISC
Icarus69, the surface has merely been scratched, production should not even be getting mentioned at this point. As BT says, I wouldn't expect OMI to be involved if it does get to the point of production. This year should be pivotal. Ignore the daily share price fluctuations if your here for the long game, unless your planning on adding or selling the spikes.