RE: Modest buy19 Oct 2022 13:13
Another side of that coin is that Omi has actually held up better than many in the sector. Totally agree we donât get enough info Vic but for example I own another gold stock which is also 20 mill mcap.
That co. already has a working mine in production, recently secured debt to expand it and one of lowest aisc Iâm aware of amongst the smaller producers.
To put it another way the sector is beaten to a pulp and historically cheap. But if you compare OMI to the rest of sector itâs not that cheap relatively.
Thought I was being smart with gold a couple years ago as this inflation was obviously coming after all the money printing.
Right about inflation, wrong about gold. Hard to rationalise that.
Seems like interest rates have gold under manners but given rate of inflation vs actual rise in rates I also find that hard to rationalise.
I can only assume manipulation of a very perception driven commodity or Bitcoin disruption.
Who would have thought red hot inflation and recession , war in Europe and nuclear threat and gold falling??
I certainly donât think gold has had its day yet so it remains my number one sector of interest