Member Info for karl345345

The last resource estimate a few years ago was between 150-250k Oz's. There should be a material increase from that this time around. A minimum of 500k-1M oz's imho. And that's just from Anza. Obviously, requires more drilling first to confirm.

Has webby bought in :)

He said he doesn’t mind paying extra lol. Can you wait until 25p please?

Re-reading the last RNS and it becomes clear that future drilling results will mostly be positive. Looking at the map, holes 78 and 80 were drilled to ascertain the width of the minerlaised area. Looks to be about 200m. Importanlty its still open north and south and at depth. They’ve established the outer parameters and are now focused on “infill drilling to demonstrate continuity” They say. “Visually, results continue to appear positive”.

Benn adding last few weeks as the price drifted down. Got a a chunk of money coming through soon and I will be deploying that into omi.

Like I said before, I might be wrong but down at this level, the risk/reward looks like a no brainier

How much stock is available at 16p? (Cant get internet connection currently)

I also think it may trade sideways until July/august with maybe a slight upward bias as gold builds strength. After that, things should move up a gear. Expecting an explosive second half.

Now is the time to build positions. What’s a few weeks?

In the recent Columbia update omi wrote:

** Initial assay of this sample returned 1000g/t Au. The intersection was re-sampled and re-assayed using a screen fire assay method to assess and if necessary, remove the impact of nugget effect.)

It would be interesting to know the result of this. i.e. was it a fluke or something more?

Website is working fine. Directors bought few days ago so no take over in the offing

The closing price of 17p is a bit odd. You could buy at 16.5p up until the close. Maybe a late order went through and forced the price higher.

I expect it will be 20p to buy in a week or three. Added some more today under 16p.

Webby, if you don't buy now you might miss the bottom lol!

As I said before it just sentiment Wayne. I expect there is a wall of money waiting to enter but everybody is waiting for the lowest price, whatever that might be. It could turn around at any minute. I prefer to keep adding bits as the price drops. Why? Because I'm long term bullish and timing is not by thing. Price anomalies should be taken advantage of imo.

Hawaii, could it be that long only funds are offering their stock through brokers for shorting purposes as a hedge? I don't know how it works but I've heard this type of thing happens. If gold continues rising they may pull those hedges (if that is indeed what is happening).

Doge coin is finally crashing. I think next few months crypto will take a back seat whilst gold shines imo.

Sotolo, a lot of it has to do with sentiment. If gold is rising, so will all the associated stocks. For example, last March omi bottomed at 1.8p but had doubled by July on no news.

What drove the price higher? Pure sentiment imo. This time around omi is in a much better position. Back then, it was a micro cap with no money teetering on bankruptcy.

Now they have $7m in the bank and two majors funding the exploration. If gold continues rising, omi will be back in the 20’s with or without news imho.

The gold sector bottomed in late feb/early March if you look at the charts of some of the bigger miners like newmont and Barrick. The juniors will follow at some stage. They always do after a bit of a delay.

I’m not a ramper but today’s price of 16p to buy offers a good risk/reward ratio imo.

omi could get back in the 20’s, on no news imho, if confidence returns to the gold complex. Would need a sustained gold price over $1850 for that. Could be nearer than we think.

There have been three Columbia updates and directors have bought after each one so although the purchases are small, it shows confidence.

Easy to be bearish when the trend is down and bullish when the trend is up. Where will it bottom? No idea but for some time I have felt a marginal break of the 17p placing price is possible.

Mr Market knows how to drive fear and greed. Just focus on the RNS’s. Personally, I thought hole 79 was pretty stunning; 23m at 17g/t.

It’s just down to sentiment. Gold stocks have been correcting since last august and punters are getting frustrated and losing patience.

We’re closer to the end than the beginning.