London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Recession in Uk is announced/ predicted for year and half . BoE did rate hike of 0.5 basis point.
Energy prices to continue to haunt us for much longer..
Come on Gold and Omi....stop messing around, its been dreadful year as it is!
And no more Covid excuse!
Stagflation 2.0
Hopefully, that will bring a few punters our way...?
prolific £2-3 trades for weeks on end...Lol
Oh well, at least our daily volume is better then our master exchange and some director's purchase!
Well the share price has managed to keep itself propped up upon joke volumes, getting closer to news, only 19 more trading days until the Phase 2 deadline. Looking likely they'll leave it until the last minute due to the $2m payment to us, majors financial year and majors just being majors. Good find Mamba in regards to the rock chip sampling from the 121 Cape Town, Brad had told me via phone call they had found 70g-80g in the north and 8g-9g in the south, hence them heading North first. Lets hope Pupino and Pepes deliver. Mad to think after all this time we've only had results from Apta. This Phase 2 'Drill Campaign' cannot come soon enough. All the prospects are going to be renamed, the Phase 2 spend expected to be smashed over 2 years bringing Phase 3 forward. Nice to see the gold price back over 1800.
As with everything Omi it isn't an easy course. Hopefully Brad can orchestrate something that will be worth the wait for what seems like forever since we experiencing the good times....I think he needs a win from somewhere and a big one to stop punters from jumping ship like rats. Can't believe its August already.
Feels more like a hulk than a standard ship
Brad’s only 10 months late on his news rich period what a joker he is. We are in desperate Need of new management. He’s done a good job of destroying the share price though.
They knew last year on what to expect this year till Sept or more. That's why they shafted us to TSXV so that they can screw in 10% Options policy in and dodge AIM investors voting rights so that we can't block the policy and/ or get rid of them.
I warned everyone up here before the time. Its too late now. We're lumbered with this marvellous lot for years to come.
There will be some thrill next month or so and possibly same dread again for months on end as we enter into Phase 2.
It would be great to see this back at 40p and hold at that level, not just spike. I think most people (including myself) have had enough of the lucklustre performance in the sp over the last few months/years and I wouldn't be surprised if we see a massive sell-off on the next spike. Director buys/ institution buys would certainly help though. Hopefully the sp will speak for itself once Anza has been proven over time.
Ezlee, I certainly will be de risking on a good spike and not waiting for 40 p . Personally think it will be a long wait for 40 p. Hopefully before the confetti machine starts in a year or so time though. Nice little run in wsbn recently .
The confetti machine to fund the “free hits”. More total bollxx from Brad
BoD will have to release a number of news in chunks and regular interval to get the uptrend going and to sustain...
I heard a couple of instis are in waiting till phase 2 confirmation, prospects will get new names to confuse locals, and it's a huge ask, if we get to see decent directors buys(?)..
Good grades, drill plan, phase 2 notification, 2 mil USD, etc...may help to sustain some rallies..
20-30-40p whatever....not long to go...and clock is ticking.
With each day passes it gets closer. Spark into life little Omi.
So we can look forward to issuing stock to instis to fund the “free hits”.
Whatever way he spins it he intends to dilute Colombia into arg/Brazil. No “free hits” just misleading comments from CEO.
I’ve reached a point of total disappointment where I wish I hadn’t got involved, in the weird counter intuitive world of the market prob means I should be thinking about buying soon!
That's the place we are at, BoD has failed to gain from strength to strength, Brad has let down investors with his deceptive spins...and Arg/ Bra will require funding...
Their holdings speaks no confidence...
To reverse this and develop other JVs, he will have to come up with something different...
Lets see. As contrarion investor, speculator and short term traders....things may get bit interesting.
Things should hot up a bit in coming weeks...and a few entities missing of the scene for a long breather... shall reappear.
Last thing I hope to see is Zak and his clowns to pump up here. They've 100% negative track record for past 4 years.
This locker room shall buzz again!
Or not?
Bhargav for me I suspect speculators will appear shortly as I am sure you imagine. Watching trades over the course of the past few months I'm surprised and a little worried how little Omi has seemingly not grabbed any attention. I can't even make it out if speculators have entered. I imagine not tho as volume is poor and I'm not even going to mention woes at tsxv, the joke exchange that does everything for Omi but attract punters to trade....It's very quiet on news front and that of buying pressure. To think that drilling has been ongoing since at least tail end of April beginning of May and we are into August and nothing has materialised, it's is a little concerning to say the least. For you and I we are no doubt loaded up as we believe phase 2 will be actioned but Brad has to sort this out. I understand that it's a crucial period but when phase 2 is actioned...which I think it will be....he better start it with a bang and continue that vein. It's literally a joke for loyal holders over the last year or so.
I don't know about anyone else but I will be chuffed to bits when this 'news rich' period ends and the directors finish their relentless purchase of shares. Shareholders can only take so much of this continual positivity. Brad George for AIM CEO of the year must be a shoo-in. He's definitely getting my vote.
It does seem that Brad and the other directors have been completely useless in this so called 'rich news period'. It really beggars belief how woeful newsflow has been but i think this is what Newmont/Agnico want until Phase 2 is all sorted and no doubt Brad has to comply. And of course with such poor newsflow for shareholders, the sp has been decimated. Things are happening in the background no doubt and at some point we will get a lot of positive info and that is when the sp will finally start a big move up imo. Just a tortuous waiting game as ever until big things start to happen here...but not much longer to wait imo
Agree Vicjain. One would hope there would be increased newsflow at somepoint. Whenever that happens is anyone's guess. Currently siting on a 5 figure paper loss and it's increasing each week. Just disappointed with this share.
Yes ezlee87, i think most are down with OMI sadly, including me, and no doubt those selling now/recently are likely selling at a loss. Aim can be brutal for shareholders and despite the potential of OMI and the positives in play, shareholders have been screwed over for a long time now. I did not expect the power that Newmont is probably exerting over OMI to limit newsflow. That said, I am looking to Phase 2 completion for the positives to return here. I am hoping to buy a few more here before then but that does depend on other investments working out.
Even those with lower averages must be unhappy too seeing all the paper gains erased…
Sitting on a loss doesn’t feel that much worse than seeing a huge profit mostly evaporate
Can’t be many happy campers at this time regardless of averages
It is not the news flow that is the problem but the lack of enough great news behind it, I have to say Brad was clever to raise money at over double this price which will hopefully tide us through to a recovery or we will be diluted out
Upon Phase 2 being entered, if what Brad says comes to fruition, it'll be the drill phase. Phase 2 confirmation should bring positivity, $2m payment within 30 days, assays from Pupino & Pepas perviously untouched areas of Anza with rock chip sampling in excess of 70g, the $20m the majors have to commit expected to be smashed within 2 years. Not too long of a wait now. Much of our sector still dwindling around 24 month lows, not just us. Some peers starting to recover, Gold price back above $1800 though not really relevant at this stage unless it starts to fly up and bring interest back to the sector.