RE: Help needed please4 Sep 2025 10:03
In my view, OMI is unique and an exception.
Good honest BOD, massive resources, and more to prove, POG rising day by day, gold bull run, low cost to production, possible JV
Can't compare OMI to XEL, CHAR, SXX, GKP, RRL, AMC and others, run to the ground by crooks and fraudsters. Then you have others, good assets, but just poor BOD and mismanagement, i.e. HE1, CEO is out of her depth, and head finance would struggle to reconcile his Lidl till receipt. They just done a financing death spiral, say no more.
Not a cross ramp, more of a heads up, GCM is a decent punt, hovering around 6p, £100b coal resources, China already lined up to do the mining. Risk, corrupt government, which got ousted earlier in the year, interim in place, elections by Q2 next year, the party most likely to win is in favour of open pit coal mining.
If, and a big if, elections held as per schedule, likely party comes into power, Phulbari project will get the nod, then we're looking at moon-shot, 20-30 bags from current sp. As always, do your own.
Once again, apologies, just sharing a potential out that, no recommendation or ramping.
ATB
Kammy