Member Info for HawaiifiveO

MTL interview today

https://twitter.com/proactive_UK/status/1395643537958576129?s=20

It seems Zak Mir has left Sharetalk, I wonder if this has anything to do with the lack of recent interviews, CB was using Sharetalk as a preferred option - anyone that knows Zak will understand that he moves around from one outlet to another on a very regular basis, he is now charting for Vox Markets

Fantastic entry point for new investors + technical indicators have turned bullish, with news due no better time to acquire, a possible 30%-50% trading gain ahead IMO.

RSI now sitting at a 12 month low, not exactly what you would expect from a company that could be sitting on a world class copper discovery.

This is playing out exactly as I expected, the trend has now clearly changed.

A realistic short term target is 22.5p to 25p if momentum/volume really kicks in it could be much higher, all indicators are turning to positive mode from very depressed levels. The RSI is neutral, folks who want in may struggle to acquire stock so I expect any weakness to be bought into.

Time to buy !

The RSI has only been this low once in the last 12 months and the shares bounced 50% then, clearly oversold, news would help.

Yesterdays move was very positive on increasing late volumes, the chart looks as bullish as it has been for an age with 3 daily upside candles in a row, indicating a clear trend reversal.

The sector seems to be returning to favour with other explorers moving back up from beaten down positions, I would not rule out 25p-30p here over the next month.

It's been frustrating but from a technical perspective OMI looks like it is time to buy, the RSI hit a base of 27 (very oversold) last week and is now turning up, all things considered the SP could have legs to a initial 22.5p and then 25p

Add to the mix positivity is returning to the junior space on the strength of rising commodity prices.

Salaries

Parsons £148,000
Dennan £159,000
Non Execs circa £40,000 - but not full year payments for Graham Wood and Birrell

So circa £32,000 a month goes out in salaries for a company with no revenue.

Parsons only holds 350,000 shares
Dennan 1.9m
Ainsworth 450,000

More evidence how tough it is to buy OMI around current levels, no quote available with IG for anything under 50,000 shares early doors, for that number they want a premium.

With other brokers it is 'at best' only - I have placed a limit order at full offer but so far not filled, these dirty tricks have been ongoing for some time now.

In my view the market in OMI shares is a false one, market makers very very happy to cut online buying in a flash but pleased to take selling and dropping the price for a eternity. It suggests when this bounces it will be fast.

Link to interview

https://youtu.be/eCcdEcY22K4

In his latest interview Bell appears to suggest another IPO is being planned by Red Rock, it surely must be the Kenyan gold project.

If they do float Kenya (which has a Jorc of 1.2m oz of gold) the market would surely values this IRO £8m-£10m compared to peers, dependant on the gold price it could more.

There needs to be a catalyst here to light the blue touch paper, the listed investments, upcoming IPO's, royalty/dividend income + a potential new IPO suggests a valuation nearer £20m - £25m in the near term. that equates to a share price over 2p.

I have bought back in, with gold on the up seems a very good entry point, it was also quite hard to get buy in any meaningful size, looks like the SP is due to move up IMO.

The option selling across the whole BOD is strange, maybe a new team is inbound shortly, what would a more progressive management team do for the share price !

Also worth noting they do not take any salary and have not done for a number of years.

Tweet from W

News of payment of Extremadura Grant featured on VSA Morning Miner this morning who commented: "the world would stop if we didn't have tungsten..." #tungsten #Mining #laparrilla

https://twitter.com/WResourcesPlc/status/1391720488934719492?s=20

As commented before this is being shorted, my confidence is 100%, the bulletin boards are invested with bashing entities, that is a clue as are the continual attacks on the bid.

Many years ago a broker (who eventually went bust) was exposed for shorting the stocks that they were supposed to be supporting from a corporate perspective, there was a well know bulletin board basher who was hyper active in a subtle way trying to destroy confidence in the said stocks, it was eventually discovered that this entity worked for the broker. So just because the company has a broker (or brokers) does not mean they are your friend !

Since those days shorting has come more sophisticated, multi alias accounts operate day and night to destroy sentiment on bulletin boards and social media platforms, inexperienced types panic and sell, it is a vicious spiral down.

The good news is the shorting entities eventually go long and the share price can recover, I find the drop here excessive, it is oversold by a significant margin but I have been saying this for weeks.

Must be very close to bottoming out nonetheless.

I see W as a full blown recovery play right now, the shares are tightly held, it's hard to buy in size, the re-rate is on.

Where can the price go is anyone's guess but the current £8m m/cap, even accounting for debt, is far to low IMO.

Looks like my timing here was spot on, a very encouraging RNS, the money received (circa £4.5m) has cleared debt and is worth 5.6p a share based on the 80m issued capital.

Nice trading commentary also - things are on the turn here.

I remain convinced some form of re-financing is going on behind the scenes, there has not been any obvious signs of Atlas selling which adds some strength to the prospect. Lenders prefer to work with companies during the early stages of production, it is not unusual to have teething problems, lets let's wait and see, I would hope for some update within the next 7-10 trading sessions, certainly by month end.

Another aspect, whilst MM is a extremely wealthy man he would not buy £130,000 of shares if he was about to embark on heavily discounted placing - my view remains the Q&A has been delayed as they are working on something material.

As for production, I can see no reason why the improving situation cannot continue, the weather is now perfect for operations. I have been adding to my position BTW.

Stock is being shorted plain and simple, it stands out a mile.

Sack the broker !