Hi Seingred,
Yes hold SHG in ISA and felt it was Investable, commented very little on it as generally thought it was being well run by pro’s.
When I saw many commentators criticising management at SHG I could only think
“You want to try holding OMI then you wouldn’t have anything to complain about here!”
Good luck all in 24, better days for us all I hope
Seingred I was also disappointed with SHG outcome. Thought that could have been 500 mill mcap in a few years. Better than a loss though I guess.
Looking a little bit brighter here now on the chart and volume but I agree that there will have a to be some punitives imposed to get Anza back.
It’s just a case of how the current sp reflects against the deal.
Not convinced of a quick return to double figures and I would def sell half, prob sell
all at 6 ish here.
Happy Christmas and New Year fellow Omi sufferers
I also went long on banks when they crashed. It doesn’t mean they had been well managed at the time or that I liked the CEO’s and likes of Fred the shred. In fact o despised the banksters.
Didn’t stop me buying close to lows tho
I’m long. Can you read properly?
For a heavily loss making operation the CEO salary seems insane.
Even more insane is that he publicly says something like
“I already have enough money it’s about helping people”
Nice try Nero how naive do you think the masses are?
We can assume you will be taking the axe to that monstrous salary then?
It’s not as if Angle can afford it and you said you don’t need the money and want to help people?
I don’t naively believe he will, just wanted to point out the contradiction.
Still holding my recent purchases but BS is BS all the same
Whenever it is, as long as it preludes dilution I feel it will afford holders the sort of misery they can live with. Fingers crossed
If he dilutes at silly prices with no returned value from Anza then it’s a disaster of unforgivable proportions with any mention of spodumene a mockery.
He said something like “maybe then the market will finally give us some credit”
He knows what the market wants, whether he delivers is another matter.
Hello Trojan,
You been buying these too? 10p’s and sub nominal seemed cheap
There was a poster here about a year ago who said they worked directly in the mining industry and had experience of these JV contracts. Also stated that dilution wasn’t a problem because the valuation would allow for it in a years time.
Would like to know what their view is now but I don’t think they have posted since.
If they still read this thread I would be genuinely interested in their views now.
I’m not trying to make an expert look silly, I’d just like to know how they view this debacle at this point
With a market cap of under 6 million it’s impossible to “like” the other JV’s without knowing the dilutive cost of them.
If you have to give away 40-50% of top co/Anza to raise a few million it seems a poor economy from where I sit.
As others say annual/bi annual dilution of 10-20% of equity is expected and accepted but if he has to give away 50% of the equity just for a few million (that will not go far across 3 early stage projects + plus lumpy wage bill etc) then how can a sane investor like the %’s?
He simply has to resolve Anza before he dilutes. The alternative is an awful consideration
Hi Imp,
I knew we could find something to disagree about eventually (in good spirits).
I disagree that the Ceo gets too much flak. I think he’s gotten away with murder and fact he secured a payrise and millions upon millions more options says he hasn’t been treated harshly at all. Then taking into account his long periods of hiding and his contradictory narrative….
I think he gets paid too much for too easy a ride and is totally unaccountable and helps himself to undeserved payrises.
I would be interested in your defence of him, perhaps im too critical?
Hi Seingred,
Glad to hear you are considering r v r here again, I respect your opinion. I decided against taking profit on my recent purchases and held but only because mcap so low.
Even confetti won’t be below 2p will it?
(Famous last words!)
Yep it’s that festive time of year where holders basically get robbed with a pen…
Merry Christmas to the bod, what a rewarding period it’s been for anyone involved in OMI.
Oh hang on, sorry it’s only the bod who get rewards for the JV failure
Fair point I Spy! To be honest what I would like to call them is a word I never ever say at home beginning with C. I’ll tone it down to oxygen thief’s!
What is even the point of these Q&A’?
They only answer questions they choose to answer. The real questions never see daylight…
Totally pointless to exercise unless they have something of substance to update us on before. If not more BS lip service fully expected.