Member Info for karl345345

All fair points legal. It’s a tough call and not without risk. I first bought this stock at 40p in 2011 and forgot about it lol when it crashed in subsequent years during the gold bear market . Started following again when newmont entered.

Is this the real deal now? Maybe, maybe not. Take your pick.

What I see is that we’ve got deferred payments and 100% of the asset back.

Surely it’s got to be worth a £50m market cap just based on that?

I think it will surprise to the upside.

Good point Dr. My reasoning was that there won’t be another fund raise after the February surprise placing at a historically low share price.

I think omi will want to build a story before the next placing, if indeed there is a placing. Don’t forget they are now free to take on a funding partner.

The majority are expecting a placing, perhaps the opposite May happen.

I think legal’s main concern is funding. That is a fair concern but the money is not running out tomorrow. In 4-8 weeks this could be 10 or 20p plus. I think they’ll want to raise but from a higher base.

Some short term catalysts before funding runs out:

1. a good drill result at pepas could catapult the share price.

2. New partner for Anza?

3. New partner for Argentina.? Brad has said newmont are interested.

4. Uruguay off the books. No more going concern note.

5.director purchases.

6. Warrant conversions will bring in £0.7m.

So funding is not an immediate concern for me

Brad is doing a webinar in a day or two I believe. The drill plans will become clearer then but as far as I’m aware they have the funds for a short 800m drill program

Bhargav, should resurrect his alter ego goldencar.

I wouldn’t be surprised if Johnstone was one of his aliases. He’s gone awfully quiet.

He tried his best to scare everyone into selling. A handful here done the opposite and bought more

Legal I think you’re right. The deal is not fully concluded. But I see it as a positive. I can’t see mma just walking away and let anza go if it turns out to be a monster.

There may well be a mechanism by which they can buy back in.

I see a filtered post by. Bhargav. Is he spouting his usual nonsense?

Feel a bit bad for him to be honest. He’s been here for years and sold out at the bottom. He done the same thing at ggp.

High risk AIM investing is not for everyone

Where are bhargav, Johnstone and Seingred today. I thought they’d be rejoicing :)

Yep, good news Dr. I for one kept the faith. I used this quiet period over the last year to build my stake from 500k shares to 2m. As a few others like yourself have done also

Art, back in July Brad said they have earmarked the funds for the first 800m drill program at pepas .

Legal, none of my business but are you no longer a shareholder? Fair play to you if you’ve sold out

When the share price is down, one will see lots of conjecture as to why it should head lower. Conversely, when the share price is high, one will hear punters explaining why it should go higher. Look at bhargav. He was suggesting to buy omi up to 50p. He held that same position for years.

It is funny reading this thread. A lot of the predictions are born through fear and the low share price. Aim stocks are unpredictable. If this was on the main board, I would say the share price was correctly predicting future events.

But aim stocks tend to throw a curve ball. All fun and games. Don’t invest more than you can afford to lose .

Legal, you’re right. This deal has taken way longer than it should. The self imposed deadlines don’t help.

I’d wager it has something to do with the intricacies of the original 2018 agreement. Beyond that, I can’t add.

Remember it was only in July Brad said they’ve ear marked funds for a short 800m drill program.

So what to believe?

Speculation is fine but I’ll just wait for the rns, whether negative or positive

Imp, that’s quite a dark scenario you paint. Would you feel the same way if there was no daily quote on this stock? If there was no share price to look at, the only thing we would have to go on is the RNS’s. And they, imo, don’t paint such a bleak picture.

Agnico or newmont are not out to screw omi. What makes you think that? Omi is nothing but a knat on their backside.

Under 3p seems like a good point to add for speculators and investors alike.

Break, there is no reason to believe mma will come in with a low ball offer. Mega caps don’t operate like that. They want out of Columbia given the political climate. Recall newmont sold their continental stake after some geo’s were killed.

When there is no news and the share price is on the floor it’s easy to conjure up negative scenarios.

Not only that, the rns put out only three weeks ago would be flat out false if omi were thinking of selling out.

I like others did not expect such a delay but here we are

What are some of the historic grades here?

What’s the lab turnaround time? 2 weeks? Been drilling for two months so the first few holes should be ready to release

Good grief Seingred, for someone who has his portfolio spread across 50 stocks you seem to spend a lot of time here.

How on earth can you make serious money with that strategy? When it comes to speculation, focus on one or two companies and back them to the hilt.

Ask Bhargav, he'll tell you i'm correct!

Well spotted Isle. People sometimes can't see the wood for the trees.

Stock market investing is a game of patience. Sometimes that patience has to last years lol. I tend to base my investment decisions off RNS's, not bulletin boards., though nowadays I tend to avoid AIM stocks.

The delays are annoying but people should keep a cool head and read the four Columbia RNS’s properly. It is my view that the MMA share purchase agreement was finalised some time ago but the parties are working on additional agreements, whatever they may be.

25th March RNS: “negotiation of definitive documentation and the completion of due diligence” are ongoing. OK, fair enough.

3rd June RNS: “negotiations and the finalisation of definitive documentation” is still ongoing they say. OK, a bit annoying but lets give them a bit of leeway.

But then the wording changes in the 1St of July RNS:

“The parties continue to work in good faith to finalise the details of the share purchase agreement and the negotiation of ‘ancillary agreements’ that form the basis of the proposed transaction. There are no material changes to the terms of the transaction as set out in the LOI. However, finalisation of details and determination of the need for approvals will continue in July.”

And the same is reiterated in the 1st of August RNS:

“Further to the update provided on July 1, 2024, the parties continue to work in good faith on the finalisation of the share purchase agreement and the negotiation of ‘ancillary agreements’ that form the basis of the transaction as well as seeking regulatory approval from the TSXV.”

To summarise, it seems clear to me that Anza is coming back to OMI on the terms outlined in the March 25th RNS but the hold up has been because the parties are negotiating additional “ancillary agreements”. Now, one could speculate as to what they may be but if I was to take a wild guess, it might have something to do with OMI’s Argentina gold prospect.