Member Info for Impecunious2

Hi Taverham, you can add larger companies to the list of possible evils.

It won't. There's a protocol that drilling results are announced at 7 a.m.; and Brad is not going to abandon this.

Here's the video put out earlier today, showing the drilling at Pepas.

https://www.youtube.com/watch?v=QJu1nCMKlhE&pp=ygUNb3Jvc3VyIG1pbmluZw%3D%3D

Thanks for this, Seingred. With GGP, I held all the way up; and then sold later than I should have done. But I was busy teaching then. Now I'm retired, and it's quite another matter.

But I won't be holding shares in 70 different companies. All my capital is in OMI, and I'm happy that it should be so.

Best wishes

The problem is, it's not always easy to identify what is low, and what is high. One could say, that the present price is high, compared to 2.5 a few weeks ago; or that it is low, compared to 35 p in Feb 2021. General advice would be to look at the market cap, relative to the quality of the assets and of the management (both of which I regard as excellent)

My own view, is that the present price is low; but that whenever good news is released, one should sell, in order to buy back a few hours or days later. The argument against trading is that (i) it's time-consuming, and (ii) it's stressful (I confess, I was worried that the PEP14 result might land today). This is really a lifestyle choice, and depends on what else one is doing.

As a postscript, I should add that trading (in one stock) does not imply any disloyalty to the company. On the contrary, what it means is that one has some money to support the share price, when it falls.

The problem is, it's not always easy to identify what is low, and what is high. One could say, that the present price is high, compared to 2.5 a few weeks ago; or that it is low, compared to

35 p

Hi, Omniscient

I like the name, but it's tempting fate to say that one knows everything. God is supposedly omniscient, but even that I have some doubts about.

I'm a nihil scio man myself.

He might have been trading inside an ISA. But the most likely thing is, he has never made a profit. The policy of buying high and selling low has allowed him to accumulate a truly impressive series of losses (all of which are Brad's fault, of course).

The company has gone bust; and Brad and Louis have done a Robert Maxwell.

Surely, the pull back is not to get the traders out, but to get them in. They got out on Monday morning. I say, "they;" but on this occasion, I'm one of them. On a very small scale.

Increasing the number of shares one holds, by going back in at a lower price, is always a pleasure.

Personally, I wish Zak and the man in the green box would go away and not come back. In Brad we trust. And in the previous drilling results. And the geological similarity to Buriticá.

Sotolo,

This is too cynical. It's not the same company as it was 20 years ago. The management has changed, and the assets have changed. You may not get your £3 back; but that is not the question for anyone taking an investment decision today. The question is, will this rise to 10p in the next month? or 20p in the next three months?

@Spank

"It is a greater thing to govern oneself, than to govern a nation" (anon; possibly Plato or Aristotle).

It's good to see so many new names on the chatboard. It may not bring diversity of opinion (for, with one exception, all of us are here, because we think the share price will rise, short term, medium term, or long term); but it will bring diversity of information, of style and of character. Which is to be welcomed.

The day's high was at 8.45 am. That's worth remembering for future reference. I sold a few, later than I should have done, at about 9.45, for 6.9; and will buy back soon.

John's last post was on 30th November, which means he has kept to his word (silence for the month of December, if his forecast proved wrong).

I always had a better opinion of him than of Bhargav.

Probably not, dealer. But I may be wrong; I often am.

GGP (with hindsight) was a one-year hold, January 2020 to January 2021; and there were significant trading opportunities along the way.

How relevant that timeframe is to OMI, is hard to tell.

Taverham is of course right about this. Janiax should hold, and all will be well; but not make the same mistake next time.

I note with interest that the share price is tending to peak earlier in the day than was the case with GGP; about 9 a.m, rather than 11 a.m. to 12 noon. I have no idea why this is.