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Agreed vicjain and lcarus69. I sympathise with everyone else invested here that is also fed up with the lack of news/progress. We're 7% down today and the sp is half the price that Newmont bought in. What should have been one of my best stocks has turned into my worst.
Well spotted :) I'm thinking of averaging down but there's probably no point if this is going to drop further. I guess it doesn't matter in the long term provided this goes up. We've seen that the price can change very quickly. Come on OMI/Newmont, bring us some long-awaited good news.
I really hope Newmont don't sit on this for years. They have an interest in Continental's Buriticá project so hopefully Anzá will be the next focus. I'm averaging at around 5.1p here, so even with an 80% rise from the current price, I'd just break even. It could be alot worse though.. some on here (including myself) are also invested in Lionsgold / Tally and haven't been able to access funds for about a year due to it delisting. It's a completely different company / scenario but I think as long as Newmont and potentially others have an interest in OMI/Anzá, we'll be okay in the long run.
Has anyone been in touch with the OMI team recently? When I last contacted them, I was informed that this is a medium-term stock. In terms of timescales, I have no idea how long we have to wait before it picks up. Doesn't seem like OMI is doing much to restore investor sentiment. I hope things really do pick up soon as it is getting ridiculous. Surely they are aware of this?
Newmont's first quarter 2019 operations and financial results will be out today. https://www.newmont.com/newsroom/newsroom-details/2019/Newmont-Announces-First-Quarter-2019-Earnings-Call/default.aspx Interested to see if there is anything on Anzá.
I also think we have reached the bottom. 3p seems like a good entry point, but I guess no one knows where this will end up. Short term it could continue to drift south without news, but recently there's been low volume and not much price movement. Imo it should pick up once news lands.
"Always a risk with aim but high risk = high reward in time" Yep I agree. This is what attracted me to OMI plus I think there is potential here. Certainly feels like a 'bottom drawer' type of share at the moment as clearly the interest isn't here. Medium term I'm hoping this will be really good. Let's hope we all get some (good) news so that we can leave this low sp behind us.
I agree. The 20% spread will put some people off but the MMs will have to let it go at some point. Until then, we have to wait patiently for the next update. I expect the interest will return once we know the drilling plans in more detail. 5.4p+ for starts would be nice.