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Think I’ll wait for news before I put anymore cash in after I topped up at 33p thinking that was the bottom as news was due even back then. Brad has seriously left us hanging, like I said he needs to chat with Gervais Heddle.
These sort of shares are annoying as you believe in them so sit through drops, you finally give up and they turn and burn....... Perhaps Brads hands are tied on what he can release being in the JV with two majors who are not concerned with a 60% decline from their tops as its chump change to them.
Momentum and MM’s are against us, MM’s want your shares cheap, and are scaring folks into selling. Of course no news doesn’t help. Low volume trades, no one is currently looking to buy and with a sell of let’s say 5k market drops us 3% because they can.
Brad fire up your computer and give us some news please.
momentum has shifted from gold and silver at this point and people jumping ship, I feel it will return when they figure out the world is in the toilette, unless i'm wrong and everything is cool, doesnt look that cool to me tho!!
However I still see the potential here even if gold is out of favour, looks like we are in search of a new base with the new belief that its back to normal in a matter on months!!
My issue is we just need news, and news of drills on site would have stayed off such a big drop or even rocketed the sp. so they may look smart with the way it’s played out but news will see us bounce. Which is why I’m moaning at Brad! I,m not knocking the share or potential, or even Brad, but please get wise to how to play the market in this scenario, give Gervais Heddle a buzz as he masterminded the success of GGp and that’s now what Brad needs to do.
Not good!! This could slide back to 13p before gold bounces! I’m holding for the long game but we really could do with some news to stop this slide, seem to remember Grrvais Heddle bought some stock when Ggp slid 15% or more in one day which buoyed the market.
My point is Brad needs to step up with something, or this is potentially going south quicker than UKOG !! A ticker symbol I never want to write again!!!
Got to say Brad needs to wise up and have a barrage of news releases planned. In these releases repeat the excellent drill results and the farm in with the addition of drills on site, due on site, camp being built, road access, geo results, magnetic surveys, drill locations etc. At this point he’s given us nothing for too long... Come on Brad, wake up and turn your computer on, it’s the round button in the black box....
I see OMI as a long term investment, the facts are we have two majors on board who are paying 0.5m per annum I believe or is it more regular? However this is very bullish, not heard of majors paying to drill a site, and was not the case even for GGP.
I think the slide is simply no news and traders short term traders buying airline stocks with the news of vaccines. However this is not for me as it seems a bit early, and their earnings are in the toilette and will people still wish to fly or is their business model permanently damaged, only time will tell. Gold had obviously sold off a bit and this is perhaps on vaccine news, and the Americans are currently having political fistie cuffs and not willing to give the other party a stimulus deal or even wish to make it easy for the next administration to get a stimulus package passed, based purely on politics they seem willing to ruin the lives of millions of the most venerable in their society which is a disgrace.
The UK and Europe are spending more money than ever, this last month was a record for government spending in the UK and Sunak talking about big infrastructure spending ahead. So inflation is a real risk but with the advent of central bank crypto currencies the powers that be are happy to let crypto prices run in a way to show the public that crypto's are good, whilst they crashed gold and silver on the news of a vaccine with 1,2bn ounces of silver dumped on the comex paper market the morning of the first vaccine news, which is just over an entire year of silver production by 200,000 ounces roughly.
We are all being played they also dumped the gold price, same day, same time, but let bitcoin run as cryptos are coming, even tho the fundamentals that make bitcoin desirable are the same for bitcoin as they are for gold and silver.
In my view the price of gold may continue to slide a little further, but despite the fact that the Americans are having a ***** fit in their political system and wanting to push the other party into the worst position they can in terms of leaving them with the worst possible situation to deal with like mass unemployment and homelessness. At some point. They will have to stimulate their economy with much more money printing, the fed is pleading for it but the current administration just want to burn everything before they leave. But their economy is in the toilette and money will need to be printed.
At that point, gold will rocket, so in my view its just a waiting game for the price of gold to go way higher, as inflation to hit harder in certain areas, be it property or the stock market, spurred on as investors trying to get out of cash.
OMI is a long term investment from my perspective as it has the potential to deliver a major asset, with 24k of drilling already done im sure the majors are pretty sure whats there already. After an initial run to 45p the market ran out of steam but thats after no further news or updates. With positive news we will fly
Not sure there is much point in drilling so close to a known hole. It’s all about finding the size and shape of the deposit so step out drilling on the expected veins and direction of the deposit is required. Good to have a expert in the area and geology on board as they will be putting together educated drill sites.
Well volume is up today over 100k, buys still out weigh sells so, that seems positive to me, Friday seems to see some investors pulling out over the weekend not sure why..
Without drilling news and positive core samples not sure we will see huge sp increase, but with positive drill results we will totally fly..
I do recall Jim Rodgers and Jim Rickards saying nothing goes to the moon without a 50% re tracement. 45p high and we are sat at 25p ish, at 22.5p we are there.
If drilling starts next week then today might be the low, or early next week, but until we get good drill results flowing we could see the 22.5p. I do believe this could go to the moon, we already have some great results to hang our hat on over time they will prove the site up and be able to give us a deposit size. Even if it’s 1mil oz at $100 dollar per in ground is huge..
Not much volume but 3x bought than sold, and down 2.5%, seems about right!!
Think it’s accumulation time, the markets doing the same, is quite stable considering the recent rise so hopefully onwards and upwards as gold should rally and we get news of drilling starting. Good luck all.