Member Info for AdenM

Naphman1 - I am often wrong. Many times a day, about all kinds of things.

You are also often wrong. The difference is only that you are too arrogant to admit it.

My average is 3.9p. I'm doing fine, thanks.

Yeah, burn the witch! We only like serial rampers in this echo chamber!

Seriously, what's the problem with contrary points of view? Isn't this supposed to be a discussion forum? No-one calls out the uber-bulls when their predictions are consistently over-optimistic.

Long-term holder and optimist here. But I much prefer realism to never-ending rockets.

Yep. Plenty of meaningful commentary from the likes of Baron. For the avoidance of any possible doubt I am absolutely not knocking OMI at all.

Much as I love OMI (and I do - what a great and somewhat overdue few days!) I have trouble taking that guy seriously. Pure chartism doesn't mean much for a news-heavy and news-driven share, and referencing the "ATH" from 2011 is meaningless both in terms of shares in issue and the fact that it's a completely different company today. (It's not even the ATH - pop back to the mid-2000s and it was pushing three quid - which is just as meaningless!)

Great days. Great share to hold (as I have been since 3.9p.) But not all positive commentary is worth listening to!

Sorry. Borderline OCD means I can't just ignore the incorrect spelling forever!

($20m - typo obvs)

And explicitly stated that with $20 in the bank there's an 18 month runway.

Wakey wakey sunshine, they did this last week!

What recent highs?! This is the recent high. It hasn't been above 30p for nearly five years.

Agreed. I would say 60p-70p would be a fair range for what we definitely know we have here. And it *could* be a lot more than yet. But not yet.

I do hold, yes, a single £15k purchase at 3.9p, so you can work out how many shares I have. Not added or reduced at all since buying in, and no intention of doing so.

A 10x P/E makes zero sense for a ten year mine. That gives you full value for all earnings over the entire lifetime of the mine, undiscounted for time value or any other risks at all, when we're still 2-3 years away from extracting any shiny yellow stuff. It's cloud cuckoo land. I'd say a P/E of around 2.5 would be sensible. Now, obviously, even that gives a massive upside to the current share price, which is why I am delighted to be staying as a long-term holder. This could very well be a transformational share orders of magnitude beyond that - but that depends on lots of other things going right that haven't happened yet. All the signs are good, but still right now it's just signs.

I'm a believer in this project and am not taking a penny of my substantial gains off the table. I am just not an irrational enthusiast. We see certain numpties on here posting rockets every five minutes and making hourly claims about what's going to happen to the share price **right now OMG to the moon to the moon**. I have the most egregious culprit green-boxed now. It's childish and unhelpful in the extreme.

Look, Pepas is brilliant, but let's not get too carried away. It's likely to be a ten year mine. You're not going to get a P/E of 15 - or anything even close to it - for short-term earnings. The potential upsides here are huge (more Pepas-like discoveries, the possibility of El Pantano etc hitting bonanza grades etc etc) but those are potential right now, not actual.

I'm not sure why anyone was expecting a ballistic response to the webinar. It's always nice to get a personal update but there wasn't really anything there we didn't already know.

El Pantano MIGHT be amazing. And if the drilling bears that out, terrific. But since when does the market assign significant value to what is right now just another potential prospect?

LMAO.

Shame we didn't get Mr George Brad!

https://www.titanmineralsltd.com/team/board-adviser

Those are exactly the buyers we saw a week or two ago when this happened before. None of the buys were huge. I'm very long in OMI but this isn't the move.

I think that's enough now, Slimer. Jesus, spam from both directions.

If it was a one-off trade then yeah could just be a closing artefact. But it's not. It's not huge volume, but it's multiple purchases showing an increasing price pattern over the last few minutes of trading.

https://www.advfn.com/stock-market/TSXV/OMI/trades

We keep getting told the shares are largely in sticky hands now. If that's the case then it's hard to see how a lowball takeover could be forced through. 30p surely wouldn't cut it. Hard to say what would though. 50p? 80p?

Rather than a potential takeover bid perhaps it's consideration of an offer to sell, say, Pepas. Could that be done without a shareholder vote?

Or maybe it's a chimera. But too many trades for that to be likely.

Ah well, no point staying up wondering. All will surely be clearer tomorrow.

I guess "stronger afternoon I think" must have been one of the 10% eh.