Member Info for karl345345

Rob, the 15m warrants at 3.6p will be converted first. They’re sitting at a 100% profit so why not? That will be £500k raised, enough for the second phase of drilling.

The further 17m warrants at 4.6p will be converted later at 10-12p I reckon for a £700k raise when they start the third phase of drilling.

These two warrant conversions should delay the need for a another placing for a few months.

Probably warrant conversions break. Expect we will see quite a few next few weeks

TJ, to be fair, we have no details about pep17 yet, whether they will start drilling now or after new year.

I think the original plan was to get out an apta resource estimate asap to bolster the share price.

That plan has now changed given the drill results from pepas which has propelled the share price. They can now take their time and maximise the apta estimate and maybe perhaps get a preliminary assessment of pepas as well in the new year.

Decided to filter Seingred. He is just a troll like bhargav.

Sein, I am not sure what you are twittering on about? The apta resource estimate? Brad cleared that up yesterday.

Should be out in 3 or 4 months. Surely not that long to wait if they can maximise the estimate. Why put out a 0.5m resource now if it can be 2m in 3/4 months.?

Also, what about the rainy season? You made multiple posts stating omi will be unable to drill because of heavy rains.

That was false and just plain old scare mongering.

What is your agenda?

The mid cauca belt is brimming with gold. Collective Mining makes its biggest hit ever.

omi is now the largest landholder there at 400 sq k/m.

https://x.com/orosurm/status/1868928331477029295?s=46&t=F2tejpOrVa3Otg13zTpwvw

Rob, the gold bull in junior explorers has not yet started. It will start in Q1 or Q2 2025. Majors and mid tiers have moved, juniors always follow but after a lag.

To be honest I don’t listen to anything Seingred says. I recall he kept saying omi will be unable to drill because of the rainy season lol

Lol Seingred. I thought you’d disappeared. I’ll be holding for the next two years, trading along the way a bit but holding the bulk of my shareholding until £1+.

See you then dr doom !

Current market cap is £20m. There are four drill holes from the current campaign left to report: pep15, is awaiting results; pep 16, is nearing completion and pep 17 and pep 18 are yet to be drilled. These holes have been budgeted for.

Good result on these four holes and we should have a £50m market cap imho

Brad when talking about pep13 said it’s really weird, never seen anything like it in his 40 year career. Everyone was scratching their heads asking if the lab had made a mistake.

Reminder: 77m @7.68 g/t, from surface !

I think i heard Brad mention Pep 17 and 18 so there are two more drill holes due from the current drill plan which i assume are already budgeted for.

A further 34m warrants can be exercised. Let’s see. They’re all in the money

Pep16 should be completed tomorrow/Tuesday so results could arrive before the 24th imo. Perhaps they might have seen partial results already if the cores are being sent to the lab daily-I can’t confirm that though.

Good spot. That may be a question for the webinar tomorrow Aaron.

Rob, we can't live in fear of the next raise, otherwise we'd all sell now and buy back cheaper. If the good news is coming to a close, OMI may decide to raise now while the goings good but we've still got a few more drill results to go and possibly an APTA resource estimate.

Besides, how would the warrant holders feel if new shares were issued before they've had a chance to convert their warrants. Not too happy i'd imagine.

As at 30th October their cash balance was US$1.15m. Do you know the drill cost of the current campaign? $200k I believe. They could drill a further 1000-1500m and still have $0.5m in the coffers; and that's before taking into account warrant conversion of £1m+.

Yes, on Aim generally, companies quickly raise money on the back of half good news (which is generally hype) but I don't think that will happen here. OMI don't need to do that. This is a real story developing.

PEP16 is the biggie. 150m drill depth. 80m step out. Its drilling towards known mineralisation so there will be some gold there. If it starts from surface, so that will be newsworthy.

Http://www.321gold.com/editorials/moriarty/moriarty011113.html

Now that we have a few new investors, here is an article from veteran gold investor, bob moriarty of 321gold from 2013. He visited Anza back in 2013 and reckoned it would turn out to be a mega find, bigger than continental gold up the road which sold for $1billion back in 2011 when gold was $1500.

In December I went to Colombia to visit a company named Waymar. The nice folks at Pinetree Capital had pointed out the project to me and wanted me to see it. The Anza Project and Waymar Resources (WYM-V) are the babies of Pablo Marcet. He came across the project, then belonging to Continental Gold and snapped it up. Continental Gold viewed the project as a base metals project and priced it that way. I think the terms were $3.8 million over three years, a $4 million dollar work commitment, 380,000 shares and a 2% NSR that can be bought down to 1% for $1 million. That’s for 100% ownership and it’s sweet.

Basically the market values silver and gold companies higher than base metals companies. The Anza project was a gypsum mine in Colombia where massive sulfides of lead and zinc were discovered in the mid-2000s. Continental Gold thought the project had the potential of being a VMS deposit and priced it that way. Pablo Marcet thought it might be something else. So far it looks like Continental Gold has found one more way to screw up. I think the Anza project is going to be one of the biggest gold discoveries in Colombia. Here’s why.

There are a whole bunch of factors that go into making an economic mineral deposit. I presume by now most of my readers at least understand the basics of geology. All minerals are found about everywhere. You need a concentration of a mineral to make an economic deposit. Most minerals are moved around in some sort of liquid form.

One thing that I have never mentioned and I don’t recall any other writer discussing in detail is the importance of ground preparation. If a mineralized liquid seeks lower pressure through faults or cracks in the ground, something has to create that fault or lower pressure area.

The presence of gypsum in a deposit is interesting because of the potential for an unusual form of ground preparation. You see, gypsum and anhydrite are the same mineral, calcium sulfate. Anhydrite is the solid; non-water bearing form of the mineral, gypsum is anhydrite that has been exposed to water.

When anhydrite comes into contact with water, making gypsum, it expands by 63%. When gypsum loses its water, it becomes anhydrite again and shrinks by 42%. So in a calcium sulfate rich system, you have a lot of opportunity for the anhydrite to swell, then shrink, then swell, then shrink. The expansion over geological time opens up the rocks and the shrinking creates up voids for fluids to move into.

We took a group of half a dozen people to the Anza project, Pablo briefing us all along. Thom Calandra was there along with the lovely Maria Paulina fr

Omni, £1 share price would only be a £280m market cap, fully diluted.

Can it get to that lofty valuation? Sure, given the grades to date from pepas, at surface !

Something from below must have pushed this high grade gold up. At some point deeper drilling will occur. I’d wager we will at some point see intersections of 150m at 10-15-20 g/t when they start the deep drilling.

All imho

Tarnow, there are a further 17m warrents at 4.6p in addition to the 14m at 3.6p. So the fully diluted number is a bit higher. If all converted, omi will receive £1m+.