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Negotiations of this calibre always take long. Slight hitches are common place. We should see a 5.5 rise into Friday and perhaps a little more and hold. Getting this over the line could be mid June who knows. Its been an up and down roller coaster for me. Patients is the key guys.
After already having onc delay RNS, two is unacceptable. They should have overcooked it this second time, even if it meant saying by the end of June. I’m sticking by Tuesday next week, Monday is a bank holiday and with the market being closed, Friday should be interesting.
I'm sure the donkeys will climb to the top of the mountain in 10 days time, and many more VIP sells would be flushed by then, so I don't see any further delays.....but after all, its OMI BoD we are talking about....so one cannot discount any further delays, however unlikely it should be.
This is my green of the day!
Roll on next week.
Lets not get too hung up about end May. If it rolls into june so be it. omi are not good with timelines. Whats another month lol after waiting so long.
Hi, Karl
I don't agree with you on this, because another delay will cost us money. Holding the licences is expensive (twenty times as much as in Argentina, according to Brad); and we have an unknown number of personnel on site, who would then be doing nothing for the duration of the delay.
There's also the reputational factor to consider; another delay might not be Brad's fault, but it looks bad, and brings back memories of all the previous delays we have suffered.
I agree impec this time round Brad needs to prove himself otherwise all second chances given to him would be lost. Let’s see if he can still to the time line he has told us.
We all know, for K-Syndrome kid...life is a joke!
Let’s all keep positive we know the news is coming. Filter any toads that try to dishearten us. We are all here for increase in SP.
Impec, until pen is put to paper on the purchase of MMA, they continue to paying for all Anza costs ( licence and camp costs). We have a high cash burnrate as it is with directors salaries plus costs into other projects. My fear was that, once the MMA sale is signed-off that we need to move very quickly to progress Pepas in preparation for another raise or JV before OMI burn-out of cash. Given the various tweets/pics of activity onsite my fears are alleviated somewhat.
My point being the higher costs for Anza camp/personel do not kick in until after MMA exit/sale agreement signing.
I guess MMA paid for the donkeys as part of the sale agreement, while their execs get to travel by heli :)
Good point Break.In that case, it is in omi's interest to delay the signing as long as feasibly possible. Once they start actual drilling though they will need to sign over i would have thought
We are in a non-contractual period whereby MMA have agreed to pay for minimal run costs until the exit is finalised. You are correct Karl, this would not extend to new drilling. If OMI is ready to start drilling immediately then they should do the exit deal asap as the market does not like overhang of old agreements. Lets exit asap and hopefully prospective new JV partners are already knocking at the door, and why wouldn't they be with gold at all time highs.
I'm sure we will get an update by the end of the first week in June at latest. OMI are savvy enough to keep feeding us with tweets in the meantime to indicate that things are progressing.
Come on buyers, cheap as chips
All buys?? And yet we're in Red??? Lol.
Anyway, Its not my business to convince anyone.
Ambitious Aquis is trying for 4p....but it oftens reverses quick.
Hope BoD isn't cooking on sensible gas.
Just judging by my the dummy trades i've been doing. The buys are in the 4.70s or 4.80p on the joke amounts. Sells are 4.51-4.56 dependent on the size of the trade. That was the same around the time of the buys down as sells aswell... Nor am I here to convince anyone, just stating facts of the price of trades i've tested.
Just got another small amount of 25k @ 4.76 to take my holding to a round number, bit OCD but it looks nicer when it's a round number. I'm done now, will just sit tight and be patient.
The price today may not be the same as tomorrow. What are we talking about the price of today’s SP for. If your confident the price will go up when the rns comes then stay in, if not sell out. There is no point in worrying about a few percent here nor there.
We are all just waiting and nothing any of us can do. Over to you Brad
I'm not buying or selling today, and SP is in RED for now, Aquis is leaning (often incorrectly) for 4p as it stands, whatever one makes out of it.