Member Info for bonker99

Already done @ 11:24 mate.

That's a big un - some decent trades today.

Morning.

Seems to be taking an awful loooong time to break $30k?

Nice move.

See how she goes :)

Time will tell - they plunged the daily RSI to 18 with that close - someone going to have to come up with a good reason for this not to wildly bounce/reverse at some point :)

Who knows - regardless, I'm scaling in the further they drop her.

More likely an II buying in and he knows it.

Caught short mate? ;)

Who's the buyer then?

Microsoft?

Likely as not he's got wind of a T/O offer ;)

FYI - you're the guy who made me buy ;)

themselves just liked my tweet - make of that what you will ;)

https://twitter.com/bonker_99/status/1405883571508760581?s=20

Morning.

Yes, it does help if people read the RNS of the companies they claim to already be in ;)

This came up on my weekend scan - looks hard to resist here/now - chart:

https://twitter.com/bonker_99/status/1406873182192209921?s=20

LOL @ that close - have a good one y'all ;)

Or before then - they're not going to be dropping news during the webinar lol but feel free to keep trying ;)

I thought the Sprott/Rick Rule interview tweet from OMI was interesting re M&A in the Gold space in 2022 - it's perfectly feasible that OMI are bought out in the relative near-term by Newmont/A.N.Other as often happens with giant deposits.

The enormous 3.7m ounces @ 8 g/t Gold and 243 g/t Silver district scale deposit at Buritica (similar to Pure Gold's Canadian deposit) just 60km up the road from here saw a Chinese buyout at $1.4b not long ago - you just never know and there's 200 square kilometres to explore here ...

Talking of Rick Rule, he has a favourite saying - "most PIs can't hold onto their shares over a wet weekend" which is very true and they often have a habit of offloading into the waiting arms of swing traders such as myself, who trade 3-4 month up/down swings, at precisely the wrong time but that's PIs for you.

I doubt you're an "investor" - any investor thinking it was a good buy at 20p would be going £Large at 15p two months later given there's been no bads news to account for the further drop other than "market mechanics" but as I say, have at it - I've still got dry powder.

Fair enough but obviously nobody can possibly know the answer to that so it merely comes across as FUD precisely when there seems to be pretty good support in the SP ;)

You have to take your chances as everyone else does - maybe it drops another penny or maybe they drop the news and then nobody can buy under 20p anymore - that's the game.

There aren't any activities or news releases anywhere for the past year without references to covid being made so, as ever, who knows but clearly, the salient point is whether the latest assays show the kind of thick mineral intercepts as were seen here before, not whether there's other delays.

It would seem reasonable to think that the CEO isn't planning on turning up to the webinar in early July with nothing to say except "we've not done anything due to covid".

Anyway, GL with your entry ;)

Well they're not likely to be adding rigs if they think there's risk there - clearly, getting assays from labs during covid is likely to present an issue but a bunch of guys out in the middle of nowhere drilling holes in the ground is pretty high on the list of safe activities you'd think.

Yup - the bottom line is that if OMI end up owning a free carry of 25% of a $Billion+ Gold/Zinc/whatever else is down there mine then there's likely a 6-10x bagger on offer from the current price.

Newmont, as the World's biggest gold miner, are not interested in anything smaller than that for sure and they're obviously interested enough here to fund the exploration and development going forward.

Who wouldn't back Newmont's view and DD even if you're not sure yourself? :)

Very short-term moves aside, the last thing I have any concerns about going forward is the Gold price - or any other commodity price for that matter.