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Exasperated holder here. It is a great shame as I was so optimistic about OMI but the board have killed all of my enthusiasm.
I cannot attend the AGM but I hope those that do will give them a hard time and make them sweat. It is the directors duty to act in the best interest of their shareholders not their own pockets. They would do well to remember that.
Brad gets asked this a lot and by his own admission he isn't a wealthy man so probably buys what he can afford.
I would focus on the share options granted Dec 20. The directors have 5 million options between them exercisable at $0.34 so they still have a vested interest to get things going here.
Pretty much. We get good news and jump 100%+ and then fall back down for the next 4 months as we get radio silence. No RNS's, no webinars, no presentations, no tweets, nothing.
Our chart looks like a typical pump and dump stock and that will put serious & large investors off (unless they get a huge discount via share raises of course..)
So immensely frustrating. One of the best assets and (developing) stories on AIM and no one knows about it.
There is no enthusiasm left here. The board have driven sentiment into the ground and now we are just another AIM miner who slides 5% every day like the rest of them.
I was very excited about OMI 12 months ago and now I can't wait to get out.
To this day I still do not understand how having cash in the bank shields us from a low ball offer. It makes absolutely no sense.
He seems to think that having $6m in the bank instead of $2m means we can't be bought out on the cheap. This makes no sense and there is no correlation between cash in the bank and buy out price for a company like OMI.
Growing incredibly bored and impatient here. It's all well and good Brad not wanting to ramp and to let the project speak for itself, but when we get absolutely no updates how is that meant to happen. All we do is slide every day.
The Newmont JV extension was meant to be great news but the RNS wording was awful and uninspiring. Fast losing faith.
It's a shame that our 'news rich period' has started with 7 weeks of radio silence.
We are due new on 5 or 6 front now and I do hope that Brad isn't planning on releasing it all in one bumper RNS. So much will get lost in the noise and the effect will be diluted. I would much prefer 2 or 3 separate updates.
IIRC there wont be a TR1 here as OMI operate under Canadian rules where the threshold is 10% not 3%. Brad stated that he wouldn't know that they were gone until they are at 0%, at which point he would tell the market.
Biggest no brainer on AIM IMO. Zijin bought next door for $1bn+ and so far we have stronger grades but are still valued at £40m. Obviously we need some time to prove up resources but patience will pay dividends in spades on this one hence I toppled up many times over the past few weeks.
Bare in mind on the last LSE webinar Brad said he expected further licensing news by Q2 and also expected Newmont to take over the drilling.
We are due lots of updates in a very short space of time. We are under the radar now but could fly at any moment..
Well the problem is that people make their own assumptions that the BoD are sat on their backside whilst the samples lay idle in a lab.
An RNS saying that they are actually looking at other options such as shipping them abroad, as well as saying the further licencing work is progressing well would do wonders for sentiment.
I wish Brad would throw us a bone. I am here for the long rung but the long silences aren't doing sentiment any good. I am sure there will have been progress on further licenses and/or more rigs that he could update us on in the meantime!
Also, Having quickly googled covid rates in Peru, things do seem to be improving there too. 7 day infection rates are down over 50% from the peak in the middle of April so fingers crossed things stay on the right track and we can crack on.
I do feel that Brad has changed is stance to perhaps under promise and over deliver. It seems like he may have learned his lesson from being a tad rampy in the 'elephant country' presentation. The most recent investor phone call and RNS update were much more cautious despite the results being fantastic.
Good news for us holders as it means a nice surprise RNS could pop up at any moment!