Member Info for breaktwister

I started to buy miners around 5 years ago as I read everywhere you get a leverage to the price of the metals, most places stated around 3x the metals gain. Well, gold is up 50% since May 2019 and Hoc is up around 35%. Why why I am taking huge miner risk if I can get better gains by simply holding the metal? Where is the leverage to the metal price? We have limited choice in the UK for mid-large size PM miners, this unfortunately has been a dog and the price today is looking like it could break below 200 on its way to 180.

Its listed on AIM, I have been buying these in my ISA and SIPP with no extra forms to fill in.

How do you know this about the mine being back?

Brad confirmed on the investor call that the placing was to shore up the balance sheet so they can stay in the game in terms of the options available for JV at Anza. My understanding is that, a weak balance sheet would have forced OMI board ot accept early offers whereas this enables them to continue and prove up the potential at Anza - a major benefit for holders of course if they are able to stay in the game and prove as much value as possible.

Also says directors are planning to buy, Brad wishes he had of bought much more previously but was not allowed due to regulations and blackout periods etc.

Dollars are measured in gold, so if they are printing trillions of fiat funny money, you get more funny money for your gold. Simples.

Nothing is hitting the market, there is no way to tell the intentions of the new buyers, they might be in for long term gold and silver bull market.

This is not a "placing", no new shares have been created. The longstanding owner is simply selling a slice of his personally holding. I think HOC is not liked by the city due to Mr Hocschild large personal holding, that is now changing it seems. Now, imagine the price if the whole 12% has been snapped up by Barrick or another major?

Nah, nobody holds shares in a vehicle where you can get clobbered with CGT.

Anyone know who bought in? I assume it will be reportable if more than 3% taken by any one entity.

Only buys today and the price is down. Not how a market is supposed to function but hey ho, take advantage while you can. Cheers MM morons.

No movement today when all other miners are up big in my portfolio. Can't help but feel that we coulda been at 30p today if the company didnt sell a slice at 17p yesterday. I am a long term holder and believe we will be at new highs in 2021 anyway so only a minor gripe.

"Based on my calculations OMI should be at £1-£1.70" - are you happy at the company selling stock for 17p then?

Who decides to issue new stock at such a discount? Do the shareholders not get to vote on such matters? What a ****ing joke.

MMs must have read my post from yesterday daring them to lower the price further . Thanks for the cheap shares MMs, all the time this was dropping buys outnumbered sells every day, so all the MMs succeed in was selling their stock on the cheap!!! Well played idiots.

You risked missing out on this for a few pennies? I topped up at 20, you should have been scaling in bro

There is still time to get into PMs, the flippening will be when institutions realise they are paying higher and higher sums to own businesses with bleaker and bleaker prospects. The smart ones are ahead of this and will no longer be allocating as they have been previously. Where will that allocation go in an environment of insane fiat printing?

Value investing was much easier back in the day. You could analyse fundamentals and balance sheets and buy good companies for under 10 PE. Now you have the likes of Tesla, a broke corrupt fraud gaining 1000% of percent with no sign of stopping. The markets are insane.

Same here, my favorite bit :)

Correct, when this turns you will be looking at 20-50% gains per day. The MMs have sold all their stock at stupid low prices - thanks guys, I'd buy you a beer but I f*&king hate bankers so I'll settle for taking this stock on the cheap.

It always amazes me when a stock can fall 60% in a month on NO NEWS WHATSOEVER and no major external change. Bizarre. I topped up at 20 yesterday. Won't be selling a bean and will buy more as it drops. MMs are morons on this one I think - go on, keep dropping the price I dare you, we will take every last share you have.