Member Info for Jackbal

Parties are to be paid US$3.325 million in cash to settle all monies due under the “Mining Collaboration Agreement from MMP to Xtract and Explorator, Xtract's local Mozambique subsidiary, of which US$2 million has already been paid”

That’s what confused my recollection. My view remains same on the stock. Good luck all

No intention to mislead hope that’s obvs from previous posts.

Basically cautiously bullish and half in but want to see some more facts before filling up.

Older I stand corrected, thanks.

Was a reference to some funds already received, got my numbers out from memory.

Apols to all for error

In the meantime during this fantastic “pens poised” period the stock loses another 6% value whilst the silence from the bod cranks up to deafening

Exactly! Benefit of doubt no longer exists here.

But today XTR mcap under 8 million gbp vs

-15 million bucks owed

-Explorator subsidiary cash received

-BR asset and Copper price turned lot more bullish in last couple of weeks too

All the bullet points have to be worth than 8 million don’t they? Why is market not reacting? Surely CB track record and lack of clarity on timetable and funds.

I can’t see how he could need a placing but because of CB and vagaries so far I’ve only bought half of the total I’m willing to buy.

When it seems like an open goal it usually isn’t on risky penny shares. The market is always ahead of me so what does it know that I don’t.

Are MM’s seeing lots of sells from house broker firm? Just wondering

Thanks for that Gem Harrison.

Who would have thought it eh?

People discussing a stock amongst themselves on a BB.

Whatever next lol

Market stubbornly refusing to price out a placing until it sees something in black and white that both clarifies finances and confirms Holders can look forward to a non-dilutive drill programme imo.

Aa it stands we could be forgiven fir thinking the Crown Jewels are gone where’s the formal plan to return value? Add the bird factor in and I can understand the markets reticence.

Flip side, if we can believe the sale of Manica rules out dilution down here this is chronically undervalued even vs cash!!

Agree Bhargav the bod deserve zero respect.

Thanks for the response Dr R. Everyone’s psychology works differently gambling, I get that.

Or maybe we can have Brads head on a Spike

Hi Bhargav, the voting really is a mockery isn’t it! And then they rns about making sure you cast your votes to really take the p@ss.

I’ve got accounts with similar firms to TP and I have often bought a placing with a warrant attached with the intention of selling the share to break even and simply keeping the free warrant.

I expect the SP to see some resistance at 2.95 as I expect some placees might just sell the stock / keep the warrant for zero risk with upside potential?

That’s before we earn approach the actual warrant wall at 4 odd.

The placing doest even cover bod wages/costs for 12 months so I can’t see how they avoid more low price dilution this year.

I think the bulls are going to be underwhelmed by the impact of Anza resolution. Hoping I’m wrong tho as everyone who reads this knows I want out on a spike .

Also I’ve been asked frequently why I don’t just sell up. Fair Q which I have answered a few times.

On the other hand for those here that claim to be bullish and expecting big things from Anza

“Why Aren’t the more positive loading up on Anza eve”

The volumes don’t lie

Realise it’s a a bit of a silly Question because AIM votes against resolutions are not registered by OMI but who thinks the company would have been better off with a new CEO?

I personally think he would have had a serious number of votes against him and possibly could have walked if votes against from aim holders were accepted .

I would have voted him out when he started fiddling the options/payrise with no apparent justification if it was possible but what’s the wider consensus?

Dr R I can assure you I will be selling, most probably with a loss. Just don’t want to sell out of sheer frustration close to low (I did actually buy around 2.2 already and still hold it). As we’ve discussed before exits are a dish best served cold.

I hope I haven’t offended anyone here too much. My beef is with squarely Brad and Louis and any company where the bod are trying to leverage an asset for their own personal gains above the SP.

They need to significantly up their game to even appear a tiny bit credible.

How much has been spent on Brazil?

Don’t tell me….500k ish? Lol

I bet you he does buy another small amount. Won’t change perceptions but allows him to pretend he’s now doing “right thing”.

Who gives a toss now anyway. This pantomime has been fully recognised for what it is.

Things would need to change a lot more dramatically than ceo buying few grands worth for any credibility to return. Important stuff like a new partner, money to build a model, catalyst's happening on time and not being spread over such a long period enthusiasm has drained (again).

To change the perception of this stock being a gravy train they would need to buy proper amounts of stock and they won’t because they gave themselves loads a free bet options where the profit from upside and have no downside as they can simply let them expire or cancel them.

I really really hope this has one more spike in it.

Best change to create value for money is sell on a spike and put the money elsewhere. Preferably a company that values its share price above it’s directors perks and comforts.

If CEO bought a million shares it would only cost him less than 2 months wages but at least it would mop up some loose stock from those placees that want to flip stock and just keep warrants.

If they come out and buy insultingly small amounts again I suggest they don’t bother. Buying more small amounts will make F all difference to how they are perceived counter productive.

Buy a proper share of the mess you have created or just F O back into your holes and keep the AGM abroad and avoid reality.

Sad thing is I reckon he will still go ahead with a few hundred k shares that everyone will ridicule the “poor man” for.

Or to put it another way:

Put yourself in the CEO position

-earning a big salary,

-getting expenses

-ability to print options like bank notes

But

-only owned about 165k shares at the time

What use is a buyout to a CEO who owns less shares than even the smaller PI’s?

Dr R when you say he took on the vanity projects to protect OmI from the majors I don’t follow. That sounds like Brads way of justifying his Long term plan to make a big chunk of cash even if he fails and loses everyone their investment.

Omi was a bid proposition before it diversified. That’s good for SP. The other projects make this unattractive as a bid proposition.

Even old Simon Cawkwell was suggesting he thought Omi was a takeover target min 40p but when the other JV’s were added on it became obvious that nobody would buy the top co. Anymore.

Dr I genuinely thought your post was a good one but do you sincerely believe he added on the extra JV’s to protect OMI? or is this something he told you? If it’s the latter it might be a good idea to stop taking what he tells you at face value. Just like when he told you he expected movement on Anza “quite soon” approx a year ago.

Just saying he’s previously told you stuff which you have been kind enough to share but it’s turned out to be BS.

Chicken - dress it up any which way but the CEO has approx half a months salary invested in his own company.

Unacceptable however it’s framed

Karl I’m not sure there was any real or concerted effort to remove the board. Some of us wanted to register protest votes against the payrise, “performance” options.

If they can award themselves generously for the sh@t show they have put on it means they can get away with anything and is wide open for abuse.

If they want funding from an exchange they should not be exploiting loopholes preventing votes from the exchange where they raise.

I would understand the concept of keeping Newmont sweet by letting them control the vote IF Newmont were actually backing OMI. Seems they are not as they didn’t want to move to phase 2 (bigger fish to fry) and didn’t even participate in recent fundraise that valued the WHOLE business at 6-7 million GBP.