Member Info for breaktwister

Fairly illiquid stock with wide spread. Somebody bought at 15 on Friday close, and somebody sold the bottom of the spread at 12.6 this morning. Already buyers at 14.6 so it's not down 10% as per LSE headline figure.

Makes no sense at all that this would be down today when NAV has increased, the gap to NAV is getting wider and all of the top holdings are up on average 4%.

From my perspective, I am hoping that we have something similar to nearby Buritica which sold for $1.4b. https://www.continentalgold.com/projects/buritica. It all depends on millions of ounces found within the Anza permit of course. We are talking millions or Newmont and Agnico would not be interested.
We need 2 more permits to complete the package which OMI are working on. Only Atpa has been drilled with some very good grades found. The only risk is not getting permits (very low risk, this is a known mining area in Columbia) and drilling up blanks across the region such that Newmont/Agnico walk away from the project which again is extremely unlikely imo. Latest RNS confirms Pepas and Pupino are looking good from initial samples.

kjgood, the drill programme is not being taken away, Newmont and Agnico will now decide on how to allocate resources to Anza including drilling. The project is to be fully funded by Newmont and Ignico to 43-101 Feasibility Study which will include resource estimates that will drive significant value for OMI. Most juniors need to make placings and dilute shareholders to fund drilling and 43-101 studies which OMI does not. Have a look at the investor presentations on the orosur.ca website.

Yela "I don't fancy your chances of calling exactly when an RNS is going to drop that puts a rocket under the share price". This is exactly the dynamic in play but it seems AIM investors have no patience for such things. This is a double-edged sword as the significant drifting in price hurts those already invested, but also provides opportunity for those with patience to add.

Kneejerk reaction imo to lower grades, ignoring the fact that these results were from perimeter drilling. Folks seem quick to forget the high grades already discovered at ATPA e.g. MAP-079 23.75m @ 17.40g/t Au. And the RNS from yesterday confirmed that Pepas and Pupina "preliminary results are encouraging". No doubt many are not impressed with the lack of news-flow this year and the lower grades yesterday caused the towel to be thrown in. Not me, I topped up as I expect Newmont/Agnico to ramp up drilling.

surely this size of discount to NAV cannot hold?

For anyone new here there is only 188m shares in issue and no need to dilute for the next few years (unless capital is needed for other projects other than Anza). I have been buying since under 5p and not sold a share; I feel these are very tightly held and we could see a "superspike" never to return to these prices.

Anyone that hasn't seen this yet really needs to: https://www.youtube.com/watch?v=vjTSAsxVrPY

Very interesting that Peter states they are talking to quite a few parties interesting in financing the CAPEX. Uranium is hot so I have no reason to doubt him on this.

The HODLing should be approved at a sovereign level; quite why the big producing nations just accept a US/UK dictated price, lower tax receipts, lower wages etc is beyond me. Do they believe the current market is a free market? If so their economic advisers are rubbish. OPEC certainly don't just sit there while the West dictates price.

Can any long-term holders tell us what happened with the TASIAST SOUTH GOLD PROJECT, MAURITANIA? It seems that this and another battery-related project in Sweden failed. What happened and has the leadership team changed since? I note two new non-exec chairmen on-boarded this year but I am more interested in operational leadership and their history as that is where the value is going to be in getting Tiris up and running.

This is actually the best news for HOC all year. I wondered why we had a strong day yesterday and this is the reason; should have been more IMO. Need many more strong days to get back to fair value. Overweight here and holding.

Seems undervalued compared to peers as per pdf presentation linked below. If you are bullish on uranium and looking for a long term hold this should be a good entry.

blank board, thinly traded share. I'm about to do some research.

I love this at 17p and below. Lodged more into my SIPP just to buy more of these badboys.

Seingred, Fenix and Outcrop will need to raise millions to go to production, massively diluting shareholders in the process, or sell the asset based on "resources in the ground". OMI has a free carry to production so are under no pressure to sell. Your comparison shows how undervalued the JV with Newmont and Agnico is.

Onwards an upwards! The MMs will not be able to play as many games as they have been without the consistent seller feeding the MM shares. Basically, MM will very quickly run out of available shares and have to raise prices to encourage selling. Most are held in Diamond hands now so good luck with that (I am a holder from 3p).

Telephone orders only. Something is cooking.

I have never seen a stock trade like this. Simple confirmation of facts that the market should already know or suspect causes huge spikes but then we lose 50% or more for no reason at all. Very odd.

What reports are these Super?