Member Info for karl345345

SectorInspector, I have bhargav on filter so don’t read his nonsense. Is he 30% down again after selling out in the 2’s? He’s like a drunk who keeps coming back to the bar for one more drink.

He has some type of an obsessive/compulsive disorder with omi/Brad. He just can’t let it alone. Very weird. Their has to be a medical term for it. Munchausen syndrome perhaps.

As to his various handles, you forgot to mention goldencar and I have a strong suspicion Johnstone is another one of his handles🤦

The guy is nutz!

It’s a legal quagmire for sure but the parties seem to be amicable which is a positive.

The petty bickering is getting boring. Let’s all just come back in September!

Legal, granted a large placing could happen.....but then again, it may not. No point in working ourselves up in a tither. If there is a placing, we'll just have to accept it.

As an aside, the 2018 Newmont agreement came out of the blue without prior ramping via rns even though the shares were languishing at 2 or 3p.

There is too much scare mongering with over blown fears of an imminent fund raising. That’s far from guaranteed imho.

If you want to put a positive spin on it, the delay could be down to discussions with a potential partner who will fund anza.

We simply don’t know. Wait for the rns and reassess.

Break, why have you written your investment off? If this was an unlisted company with no daily quote and the only information we had was by way of rns, does it really look that terrible.? The deal is still on the table and who knows, there may be some funding attached.

There won’t be a further delay rns. The news will just land, I’m guessing before the end of September.

Wait for the rns imho and take action afterwards if it proves to be bad for shareholders

You can’t throw around accusations of criminality cos you lost money. Aim is a high risk market. Just need a bit more patience. The deal is still on it appears. Moan if it falls through by all means.

My advice is don’t remain glued to the share price. Get up early and just look out for RNS’s. Then go back to bed.

It would have been a lot better if John stone had sold when zap did.

His posts are as nauseating as bhargav’s!

You’re sounding quite down Rob. I have a policy of not looking at the share price every day lol. Much better for your sanity. This delay is frustrating no doubt. I note Orr had a salary sacrifice scheme. Perhaps they might need to consider that if it drags on past September.

Having said that, I feel news should land in the next 4/6 weeks. The RNS’s keep reiterating there have been no material changes to the March LOI so let’s see.

They might just surprise us

Looking to buy but still waiting for drill results. I gather orr have been drilling since 11th June, so nigh on 2 months. Quite a while. Sometimes companies put out drill results super quick if the first drill result is good.

Lets see

Isleworth, re rainy season. I looked through previous OMI RNS's and they were drilling in Columbia in October and November 2017 so I don't think that will be an issue.

Napthman, I too will add substantially at sub 2.5p.

As an aside, Johnstone could have sold way higher lol. Why is he still holding?

Also, Bhargav is already down 10% on his recent purchase and he wants to be a trader?

Legal, in the recent rns they did not specify a timescale so if it drags past august, there will be no need for omi to put out a delay rns.

Ageos, are you now a shareholder or still watching from the sidelines?

Omi is a binary bet. If the deal falls through or if there is a discounted placing, price will fall back to 3p. If the deal is signed, no immediate placing, the share could quite easily 2 or 3 bag as the Dr says. Potentially, it 5/6 bag if a new JV partner is announced at the same time.

So take your pick, quit the pointless discussion, place your bets, or not as the case may be, and see what happens !

Brad is being a little conservative with his apta resource definition, perhaps rightly so at this stage. I’ve no doubt that will end up being a resource of at least 1m oz. Ageos was estimating over 2m oz’s I think

Seingred, we all have different strategies. Holding dozens of stocks will be safe but most punters around these boards, if they’re honest, would like to make a life changing amount of money, as the Dr says.

If one holds say 2m shares, as some here do, and the stock finds itself at £1 or £2 in a couple of years time, well that would be like winning the lottery !

Good post Dr. When it comes to investing in speculative stocks, I tend to choose one or two, and invest big. I don't see the point of having 5 or 10 different AIM stocks, it just waters down your potential return. I've been here for several years. Started off with a small holding and added significantly when the share price crashed after the C&M RNS last year.

I wouldn't have added if I believed OMI was a dud. Sooner or later it will come out of C&M.

Happy to hold for this present gold bull market which should last 2 or 3 years at a minimum. I think Brad will surprise us. I fully support the current management and made a point of voting in favour of the AGM resolutions last year when Bhargav was trying to raise a mutiny!

p.s. i'm open to suggestions if there are any other gold explorers with block buster potential on the AIM market. Watching ORR but waiting for their drill results first.

Dr, the wait is no doubt frustrating. I note since March 25th when the LOI was announced, they have mentioned Columbia four times since. If anything, they’re keeping the market informed and the last rns was quite reassuring that the deal is still on.

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.

Dr, thanks for the update re environmental permits. Ageos says "In a detailed 02.02,2023 post I estimated APTA as being an indicated resource of 2.342M oz [troy] Au from 25.07M tonnes of ore @2.61g/cm3 sp.g. with c20%+/- error."

Frankly, that is quite a large resource from just one target from Anza and the project could go on to be a 5m+ oz deposit quite easily if ageos is correct. But yet, quite bizzarly, Ageos goes on to say that we cannot place a value on Apta because of these forestry protection orders.

"In short, the potential APTA resource appears to be no longer viable due to environmental constraints, hence the progressive down-playing of its significance in Company information sources."

I'm not happy about the delay with regards to Anza but i'm holding firm and adding when I can.

In April last year ageos replied to me when I asked why he felt OMI could be worth 'many multiples' of the current share price. The market cap of omi at the time was £15 million. I've re printed his reply below. I think ageos would have taken into account environmental concerns when he made that comment.

I appreciate his posts but base my investment decisions on my own conclusions.

Karl345, in answer to your query. I wrote “By that time [ie second half of 2024] Phase 2 ANZA should be well advanced and the Orosur market cap many multiples of its present value.” {ref Fri 18.56 post]. That was not meant to imply “will be ….many multiples” as you may have assumed. The difference between “should be” and “will be” is material, as the former is based on an assessment of 'probabilities' and the latter on 'certainty'. Admittedly I could have phrased the sentence better so as to avoid ambiguity.

So, to clarify. I am suggesting that, by the second half of 2024 it appears that Phase 2 ANZA should be sufficiently well advanced, and the aggregate drill results sufficiently encouraging [based on my probabilistic assessment of the geology to date], for the mkt cap to be many multiples of the current £15m, based of course on assuming the markets then anticipation of a higher value asset. Thus, by the time that further funds are required ie H2 2024, the consequent dilution should be minimal, as mkt cap and corresponding share-price would be significantly higher than at present.

Hope that answers your query.

Legal, the forestry protection orders have been known about for many, many years - its a fluid situation and omi are years away from building an actual mine.

Despite being aware of these environmental issues, I believe ageos was a shareholder here last year and presumably sold out when Anza went into care and maintenance May 2023. I note he stopped posting after that date.