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Back to 4.75p to buy (despite the lunatics re-appearing this morning to spread their bile). Suggests that there aren't that many cheap shares left in the lower 4s now, and buyers are ready waiting to catch any that become available. Bit annoyed with myself at missing the opportunity to take some more in the lower 4s.
Tbh, I don't mind the extra month. Gives more time for the share to consolidate and rise into the news. All imo and GLA
Limited opportunity to buy cheap shares again. This will tick up again as we get closer to news. There was always a chance that news would land in May due to the nature of the transaction. Good to see all the preparation work being done and the termination of the tin JV. All point to resumption of the business focus on Anza.
I thought there was some fishy about them each posting the same negative stuff at the same time, but didn't realise it's the same person due to the appalling grammar in a lot of the posts (which made me wonder whether one was posting whilst under the influence!).
Time to filter?
No I didn't listen to that, but would agree re BT. I mean, you can't ask for much more commitment than moving to Zim to lead the company at the coal face. That is very rare. He also recently bought £60k of shares on the open market.
Nice summary from BT of what KAV 2.0 is looking at in Zim:
https://twitter.com/Ben_Turney/status/1782309459945034082
What advice do we take from those who had opportunities to profit from this share when it went on that from 2p to above 40p, but didn't take that opportunity? Very little imho!
The market is all about cycles. There are times when the price goes up, as in the above period, and then times when it struggles, like in the last 18 months. You are meant to trade these cycles, not hug and hold through them. In fact, very few companies are worth holding through market cycles. And certainly not AIM juniors.
I think we are now at the beginning of another price cycle for OMI. Therefore, ALL we have to consider is whether, with gold at 2400, and OMI at 4p, we think it has the potential to multibag from here over the next 12-18 months. THAT's IT. That's the only calculation you need to make! Not what happened to LTH many moons ago, during a different market cycle.
Right now, IF you think OMI will or has a decent chance of going on a run like it has done before, then NOW is the time to take that opportunity. By leaving it too late, you will actually be failing to maximise that opportunity. So pay up or sit out - your choice entirely.
The RNS could land any day now as we approach end of April, so not long to make up your minds. GLA
Great post Chicken. To be honest, I'm not thinking too far ahead though, and just want to ride this bull run in gold and find a junior goldie with multibagger potential. I can't think of many better goldies on AIM than OMI. And 4p is an excellent price to get into a stock which has every chance of hitting 20p+ in 2024. We have cleared a lot of overhang already, and once MM are ready to let this go, it is likely to move through the gears very quickly.
We are coming up to the period where news could land any day now. Exciting times once again. GLA
Looks like another RNS incoming on Monday:
https://twitter.com/Ben_Turney/status/1781314993683636645
Chart is indeed setting up nicely for the upcoming RNS. Anyone got any idea when BG will do the webinar to cover the Pepas drilling. I'm guessing that will likely to be after the RNS?
I also wonder if we will get any tweets/pics of the site preparations, or would that premature until the deal is signed?
Expect the excitement to really build in the next two weeks. GLA
Yes, I might have a small punt here, but there are quite a few opportunities flying around at the moment that it's difficult to choose between them!!!
(GCAT is either down right dodgy or just ended up as a complete basket case - either way glad I don't hold it)
They should have focussed on Kili. A lot of us said so at the time, and feared RM was taking on too much too soon with the TZ assets, and sadly that's exactly how it turned out. I've always had a doubt about the MRE put out by GCAT re Kili, but a lot of that is down to the general distrust that RM has created with how he has gone about things plus the fact that Goldplat walked away from it. Was the MRE independently verified or was it the company's own calcs?
KR - I'm thinking very similar to you in respect of HEX (where I've put an initial sum in and will add) and HE1 (which I aint touching no matter what until they get the fund raise done). A lot could depend on which company announces its drill/test programme first, but I favour HEX because it has 100 million shares compared to the billions on offer at HE1, which will increase by another billion or so after the fundraise.
From BG's interview, it's clear his strategy is to boost the share price by immediately going into Pepas drilling upon completion of the deal with MMA, where he knows the drill results will be good and they will get a quick turnaround of the results. This time next month, the drill bit could well be turning again at Anza!
Not expecting a 10 bagger here necessarily here, but I do think this will multi bag based on Zim alone, and will certainly multibag if they hit copper early in this KCB drilling. How many bags is open to question and of course depends on success with the drill bit. But I do think BT actually moving to Zim is a serious sign of his conviction and commitment in KAV 2.0, and also his confidence of success. I think he owns about 2% of the company as well, which I'm sure is another motivating factor. So I think this is a good a time as any to be in KAV with all the activity they have coming up this year, and I fully expect the share price to end this year well north of here. All imo and GLA