Orosur Mining Share Price (OMI)

Live spot $POG

https://www.bullionvault.com/gold-price-chart.do

Is gold ready bust through $2000? Not directly relevant to omi but a gold spike could lift the smaller caps as well

Hi Seingred,

Glad to hear you are considering r v r here again, I respect your opinion. I decided against taking profit on my recent purchases and held but only because mcap so low.

Even confetti won’t be below 2p will it?

(Famous last words!)

Hi, Karl

I'm with you on this. The pessimism and the anti-Brad sentiment are overdone. The move into Nigeria at least shows the company is doing something. What has wrecked the share price is that terrible sense of paralysis; being trapped and helpless in the claws of two larger beasts. No news is death to these small explorers; if Nigeria produces positive news, going into that project was a good decision by our much maligned CEO.

As for the fund-raise, one shouldn't fuss about it. It's going to happen, because exploration must be paid for. But it won't happen at the present price. And if the newsflow is good, it shouldn't require much of a discount to the market price. Dilution is only a problem if the share price gets clobbered.

Fair comment Seingred. It feels uncomfortable buying when the news is dire but it can pay handsome rewards.....if you're lucky, hence why I rate it as a speculative buy. I think Anza will be sorted by end of Q1 cos at some point next summer/autumn Omi will need to do a raise. Better to do it from 15p or 20p rather than 3p imho.