Mike Ralston, CEO of Blencowe Resources, explains the significance of the MSP for Orom-Cross. Watch the interview here.
@ Johnstoneo.
As you have been invested here for 5 years, i'll assume that you will realise that a lot of people have made a lot of money. In line with the spike to 45p.
Obviously, not you and Bhargav, but probably plenty of others.
There was also a fund raise at 17p, that a lot of posters moaned about. In hindsight, BG should have raised more. I don't remember you moaning though. Silence is golden, maybe?
Other than that, probably not much. But i'm sure you'll understand that OMI is an exploration company. And these things take time.
My turn for questions, which i know you won't answer.
1 - Why didn't you sell at 45p, if you have been here 5 years?
2 - Why have you only recently started posting on this board?
3 - Why do you still hold if there is no future for OMI?
4 - How many shares do you hold?
How cryptocurrency, and to a lesser extent, other companies, keep making their way onto these boards, baffles me.
It's probably okay to do a like for like comparison with miners, but every day?
And, if you want to talk about cryptocurrency, go and find the relevant board.
@ Impecunious
"""Thanks for putting this into the public domain. It's Brad OK; "the style is the man himself" (Buffon)."""
And thanks for your words of wisdom. But, can you tell me what qualifies you to call out BG? What he knows about Colombia? What he knows as a geologist? And, most importantly, what is happening going forward regarding Anza?
If you can answer any, or all of the above, then that puts you in a very privileged position.
So, what would you do if you were BG?
At least the rainy season BS has been put to bed.
Or maybe BG is another Michael Fish?
Getting Anza back will be resolved very, very soon. IMO? I thought it would have been this week.
For any detractors out there, you will need to get your next moans ready. I wonder what they will be?
Another top up for me on Friday, at these lowly prices hopefully. Slowly bringing my average down.
One other thing: I notice from a post yesterday evening, how Bhargavs posting English suddenly improved again. Very strange.
1 - Is there a definitive time scale for TSXV approval? Or is it, as and when they are ready?
2 - Is there a rainy season in Colombia that "could" affect drilling? Should the rainfall be the average for this time of year. Or would it only affect drilling if precipitation was of "biblical" proportions?
C****
The TSX don’t actually get to approve or disapprove as such. What they can do is require a shareholder vote. The issue is that Newmont is deemed to be a related party as they own more than 10% of OMI, and there is a concern that perhaps we are favouring them at the expense of smaller shareholders. We are all comfortable that is not the case, but rules are rules.
We are trying to avoid this as it just adds more delay and hopefully we will know either way very soon. Worst case is that we do the vote at the AGM in late November.
Its wettish season in Colombia. Not very comfortable, but that’s not my problem. Drilling at Pepas is fine as we have pushed a good road in and have a couple a of nearby farm houses set up for the crews. So it will be a bit sweaty perhaps but they are tough. Indeed, if anything, it is dry season that is more problematic as some of the creaks run dry and we can’t get water for drilling.
Make of this what you will.
@ johnstoneo
8.12 post today """"i spy i clearly know a lot more than you in this case.""""
please explain for the stupid and ignorant.
and can you tell everyone here about your buying. to justify your 20 pence average. you hold a million plus, right?
so, 150 grand down!!!!!! not bad for a poor person. and soon to be poorer.
i almost hope the company goes **** up, just so that you lose. and, of course, bhargav. who apparently holds more than you.
and in the meantime, approval has been received from canada for the takeover, and will reach oiur shores soon. it takes about two days.
@ Johnstoneo
""""Someone buys that amount it shoots up by couple of percent.""""
Stop talking ball locks! How the FLICK would you know? You really need to invest to understand what you are talking about.
How many shares do you actually (pretend) hold? When did you (pretend) buy and at what (pretend) prices?
And the most important question: Did your best mates, Barbie & Ken buy too?
@ Impecunious.
I certainly do not disagree about Brad & Louis buying significant amounts. But that was not the question. For all the detractors about the Directors """NOT"""" buying shares, when are they """"NOT"""" in a closed period?
Historically, it's an easy answer. But now? Are the Directors in possession of price sensitive information? Have they been for the past two years?
I'd love to see Brad & Louis buying millions of shares. Will them ""NOT"" buying affect my thoughts on my investment here, or indeed the investment case for Anza?
Not at all.
I have a long stop date for resolution on Anza of March 2025, posted in February this year. And i'll continue to buy (67,000 @ 2.83 yesterday) when i can afford to. Up to and including March 2025. And then i'll review my holding here.
@ Bhargav
16.03 post. """"So when will be next directors buys again??""""
You seem to be very well versed in director buys, so i'm hoping that you will be able to answer this question. Or anyone else who mentions this.
When exactly will the the Directors "NOT" be in a closed period, so, they can in fact, buy?
And when was the last time they were "NOT" in a closed period?
i do not agree with johnstoneos contempt and frustration.
he has been a holder for over 5 years. his words, not mine.
5 years ago (september 2019} the share price was under 5p.
1 year later (september 2020) it hit 40p.
2 months later ( december 2020) it halved to 19p.
2 months later (feb 2021) it doubled to 38p.
5 months later (july 2021) it dropped to 14p. and few weeks later it hit 25p.
since then, a steady decline.
at any given time within this period, as a lth, he could have sold. but didn't. and now he blames all and sundry for his absolute **** investment strategy.
contempt and frustration? stupidity and more stupidity, more like.
a bit like bhargav, actually.
@ mickykay65 11.15 post
"""""Until Omi can get some gold out of the ground the spikes in gold price makes no difference . Id like to be kept informed of any more snippets of information through tweets. Brad is quiet, you would think with his current excitement he would tweet daily. GET THAT RNS OUT !!!"""""
If OMI had a free run at Anza, how long from now do you think it would take before they get some gold out of the ground? Bearing in mind they are a discovery and exploration company.
What should Brad tweet about? He cannot say anything price sensitive.
And the RNS will come, good or bad, through the official reporting mediums. Not through a tweet.
If you think this is going into the 2's, sell. And buy back lower.
Ask Bhargav for advice. His recent transaction is under again, despite the fact he could have made a small profit, and bought back lower.
The go to guy!
@ Bhargav 12.30 post.
"""""The word was that when Brad gets anza back Brad wouldn’t be silent. Well is it back or not. What is loui doing ? Surely he’s not still on that donkey travelling to anza""""
Loui may still be on that donkey. Who knows?
But if you read the recent RNS regarding taking back Anza, i think you should know the answer to your questions.
@ bandit1.
I get what you are saying.
But why would anyone hold /invest in a company where the downside is front and foremost in their minds?
That makes no sense to me.
Regardless of what i think about OMI, and the leadership, Brad and Louis, if i thought the share price was going to drop, i would sell. And buy back in when it met my target price. We all have them.
The thought process remains the same. You sold, and had the courage to follow your conviction that the price would drop. I hope it worked out for you.
Others don't, or haven't got the nerve to do the same. But they come on here and preach. It makes no sense to me, whatsoever.
Please tell me i'm wrong. and why.
This the BIG QUESTION for me.
Why would anyone, who thinks this will drop, """NOT SELL""" their shares and buy back lower?
It's absolute nonsense. Why preach about calling this share as lower, when you could have sold, and averaged down? Assuming you believe in the company.
If i thought the share price would drop, i would have to be some sort of mug to still hold.
@ Johnstoneo. 18.06
""""Tell u what I’ll be a lot happier if we sat around 10p mark.""""
And you'll still be at least 50% down on your pretend investment.
How many shares do you actually hold? I'm asking for a friend.
The most important part of the RNS was one of the factors crucial to the SPA.
"""""(vii) the ability to resume operatorship of the Anzá Project as a 100% owner and the ability to seek potential partners for part or all of the Anza Project.""""
As far as i'm concerned, discussions have already been had. Once everything is signed off, i expect that shortly after, there will be another RNS confirming a partner.
@ Dr Remington.
Why filter anyone? You miss the fantastic insights from esteemed holders.
For example:
BG is a liar.
The company is bankrupt.
There is a placing coming soon.
OMI will never take back Anza.
BG is playing golf.
I hold millions of shares.
The share price will soon be in the 1's.
I'm still buying/holding despite the fact i think the share price will fall.
How will you base your investments, without these pearls of wisdom?
@ Johnstoneo
I sent one email and BG responded very quickly. And i posted my Q's & A's here. 26th August i think.
I don't believe i said i was in regular contact with him. Nor anyone else,
But you post what you believe to be factual.
How many shares do you hold? I've forgotten. AGAIN!!! LOL.
@ Johnstoneo.Your earlier post.
"""""Why buy now when I can just buy in the 1s"""""
Why not sell your huge holding with an average of 20p and buy back in the 1's?
How many shares do you hold? I've forgotten. AGAIN!!! LOL.
@ Legalwolf
I apologise for bracketing you with the other negative posters here, who are still holders by their own admission.
You've set your stall out.
Do you think that these holding posters should sell?
Because of their obvious apathy towards the company.
Free Investment Tools
Register for FREE