Member Info for Jebgooner

Nice one DBH👍

Why do they need a fund raise, we now have more incoming cash??

Manipulation with the SP going on here, Aim at its worst. If this news is priced in what was it that took it to 18p a few months back? And why sell now at 7.6?? Madness!

BT, if MMA want out the only way that I can see them

Getting any value from the JV (given what they have spent) is by entering into P2 agreement and finding a buyer to take on the terms of the agreement and give them the price they are asking. I would also expect OMI to have to agree with the new JV for it to go through otherwise the 100% would return to OMI.

At the moment we are relying on the integrity of MMA, assuming P2 agreement is reached ( which we all expect to happen) will they then take almost a year to find a buyer (if they want to sell) and keep within the terms of the agreement?

Knowing full well that OMI will need cash and the SP could be a lot lower. Is this the master plan from MMA to take the 100% or is the relaxed relationship between MMA and OMI because they have agreed a forward plan?

You could Nigel, depends on your perspective. Whether you are happy to wait or sell. If you’re happy to wait for first gas and the further potential of this company, or chase profit elsewhere.

People taking a nice profit from much lower buys while it stays in this range and using to make money elsewhere and MM s happy to collect at this price until we get news!

Same old tosh from you bhargav and I can’t believe there are two mugs out there that can’t see it and ticked you up.

Yes this may go to 1.5 but it may also go to 5 to 6 with no news. Remember this is aim!

If you are invested then why not sell up and buy back at 1.5? Oh wait a minute you’ve already done that !

We all know there is still value in this company otherwise we wouldn’t be here. We can’t control what’s happening so let’s wait and see eh, or sell up and FO.

Would like to hear something positive. They have the money now so a timescale on testing the SMD at A2 would be good!

I would think most are under water here, as I am, so keep SHs in the loop as much as poss Jay!

Things are not great at the moment, seems a lot are trying to push the price down to get back in!

What is a concern is, If MMA didn’t want to proceed on the original terms and BG won’t bend why pay the 2 mill and then put the project into care and maintenance! Majors now ticked all the boxes having also spent the extra 3.65 mill to delay for as long as they like and it seems Omi have fallen for it.

The trouble is none of us know how far we are into the JV, I very much doubt if it’s a case of throwing the 2 mill back at MMA and clearing the decks without a lengthy and expensive legal process. Will things be any clearer tomorrow? Let’s hope so.

Lots of doom and gloom going on then with a company that seems to have willingly backed itself into a corner.

Roll on Monday!

Of course, and I take the point, but this imo will be sorted by Q3. My main point is do we sit and twiddle our thumbs on do we get on with it.

Putting this out there, but phase 2 will happen in some way and we are guaranteed 49% of Anza on a free carry. We have circa 4 mill in the bank and two further projects. Do we not just let things play out with Newmont and Agnico ( and I know this could mean a further drop in SP) and throw the cash at Argentina?

Newmont have shown an interest for a reason so why not push on with that knowing we still have 49% of a possible Tier 1 project with Anza. The majors still have to spend 4 mill per year in phase 2 and at some point( given they're spending 4 mill a year) have to come up with the results to bring value for their input, so sort of play them at their own game.

We will need to raise next year anyway but at least we are in some kind of control over the situation.

Possible or not?

Seems like there's lots of agendas going on. The golds still at Anza, Argentina and brazil are still ours so lets wait until next Monday and see if things are clearer. Just because Newmont and /or Agnico have other fish to fry doesn't mean the value has been taken from these projects.

Totally agree Dr R, nearly 4 mill in the bank and we all bought in here for the gold at Anza, which we still own 49% of with a free carry for what’s to come. I bought 20k more today at under 5p. It’s all a risk and with Argentina and Brazil could be well worth it.

Signed and shared.

Sells, including mine, showing as buys!

Perhaps that was something else I could smell and not Gas.