Member Info for Legalwolf

I had a couple of cheeky buy orders just below 4p, which didn't get filled. Looks ready to breakout and make the next move up. Think we will close the month in the 5s.

Doc - I think today's volume coming in probably dispels the notion of another raise just right now. The market rarely times these things wrong. It suggests that what has happened is that the 'pause' in newsflow has allowed a slow tree shake, which the more sophisticated have taken advantage of. Whether or not the company have 'enabled' this, who knows. Certainly the insti will be in regular contact with them, and BG won't be ignoring their emails for sure. The company that recently initiated coverage on OMI confirmed in their write up that they have been in recent contact with OMI.

In terms of the finances, OMI have got enough to cover drilling at PEPAS and the minimum spend at EL PANTANO. I think they could probably afford some diamond drilling within that as well.

The next gold pour is the key one. Make or break time.

One thing that is lamentable about this company outside the gold production saga, is the lack of any comms outside the RNS. They do almost zero to promote the company, which itself is not good for building confidence in them and sentiment. They should be banging the drum a lot louder than they have been, and that needs to change. Don't like juniors that just go quiet in between RNS.

Hope people like HC get rewarded for their patience here. GLA

Discussing your trading strategy for WSBN on OMI's BB - the cheek of it 😉

Want us all to join in? The consensus is that you should both sell 100% of your shares in WSBN on the bell tomorrow, and immediately use 100% of those funds to buy OMI.

Taking what I can at 4p as it's now or never for this sleeping giant. Think this will breakout as soon as the 4p supply is exhausted (3p broker warrants?). Think that will happen very shortly, and then I can see this finish the month at 5p, so want to build a decent average below 4p before the opportunity disappears forever.

Then it's just a case of waiting and seeing how it all plays out over the remainder of H2 and into 2026. One thing I have learned is that loading up at the lows is key to successfully enduring the trials and tribulations that always come with such stocks further ahead, with all that volatitly taking place above your average.

But let's see how it all plays out. All imo and GLA

Placing shares will start to land from tomorrow I believe, so it remains to be seen whether this falls below placing price and how long it takes to clear overhang.

You've been claiming for several months now that I am going to buy. In that time, I have bought zero shares. I don't buy ahead of a massive placing risk.

It's mostly sells coming through!

Suspect that 5.5p will be breached as this goes quiet now that the fluff RNS did not work. It's clear that most are not risking buying. If ask and bid fall from 5,5p, then a retest of the lows at 4p might be next. That's 25% drop from here! Will it bounce at the low, or make a new all time low?

Looks like highest volume since February! Ticking up on TSX as well.

Volume coming back in and bid gone up - looks like the bottom is in and the slow bleed treeshake is done. News must be close.

Well done to those accumulating below 8p. Won't be surprised to see this at 9p by close of week, but let's see.

There will be a decent breakout and move up when 4p this supply is taken out. Hoping it takes a while longer as still accumulating at these lows. I supect once we clear 4p we don't see it again, so wanna grab what I can. Likewise 5p, 6p and beyond, as fully expect this to breakout into a new uptrend/re-rate. The revised JORC and financials will be ridiculous when measured against the tiny mcap of the company. All virtually de-risked with the funding and offtakers lined up. 8p on anticipation created by the DFS/JORC, and then head towards the 20s on securing binding deals. All imo and GLA

Well done on the buys folks. Hoover up what you can below 9p. This opportunity for cheap shares has been "temporarily" opened up by the BOD. The door will be closed when the next RNS lands, and will have us return into double figures. Whatever plan they come up with is guaranteed to excite.

On this next leg up, we will have the following wind in our sails:

1) The first leg up has already cleared the sellers. The runway ahead of us will be a lot clearer than before.

2) Newsflow is all ahead of us with all the plans already formulated.

3) Institutions will be creating and buying the dips - they need this to go up by "multiples". They WILL make that happen whenever newsflow allows.

4) H2 will include the seasonally strongest period of the year from October to January.

5) Next leg up will be as quick as the first one was - maybe more so because of the institutions coming on board.

20p is a shoo in and even that is a level where the institutions DONT make money. That's your first two bags there without much fuss.

How many more bags than this will there be though? That's the million dollar question. All imo and GLA

"First target is 16-18p but realistically this is into the mid to high 20s later this year once the previous high is taken out."

Totally agree and is what I fully expect will happen by year end. Due to the delicate geopolitics and situation with US debt/tariffs, gold is going to remain at high levels.

Remember also - and this is KEY - the institutions that have bought at 9p will need "multiples" of that share price in order to make a return here. So they will be supporting the share price to reach those multiples. Otherwise, they don't make any returns!

"The Company has received notices for the exercise of 2,000,000 warrants resulting in the receipt of £60,000. The Company shall issue 2,000,000 New Ordinary Shares."

Does this necessarily mean £60k for 2million? Could just be how much money has been received to date with more due - note "shall issue" not "has issued". I dunno, just speculating.

Absolutely will reverse up. This is a rare opportunity, bought about by a temporary cessation in newsflow, to build a decent stake here for the next 6-12 months here. The first run up saw an amazing move from 2.5p to 15p, which is 500%. The next move up will surpass 15p for sure. Here's why:

1) Moving towards declaring a MRE of between 1.4 to 2.7 million ounces across two separate projects.

2) Moving towards near term development of 400k to 1.4 million ounces at PEPAS.

3) Continued exploration upside at PEPAS 1/2 with resource drilling at PEPAS 1 and more targetted drilling to find PEPAS 2.

4) Nothing priced in for El PANTANO - where drilling will commence in Q3/Q4.

5) Will complete soil sampling at El CEDRO - JV potential?

All on offer for 7p, with sellers out and institutions coming in all the way up to 9p.

TEMPORARY opportunity only as RNS could be incoming any week now.

The institutional investors have come in at 9p, and they won't be going anywhere. Volume is also very low. This isn't going down, but will reverse up as stock continues to be taken up at these lows. Whoever picked up the 7.25p today did very well!

Yes ID78 - a lot of us believe that Bres is finally coming up to a 'now or never' inflection point in H2 of 2025 but DYOR.

Sorry - all time high is 9.5p, but that move from 3p to 7.5p in 2022 was pretty rapid!!!

I'm also hoping it falls back a little more and the RNS is delayed for at least another couple of weeks. That should enable me to release some funds from elsewhere to add here (although i'm also needing some for another opportunity as well!!!).

ID78 - well done on WSBN. I should have pulled the trigger on that one, but was waiting to see if it pulled back to placing price and then ended up chasing a crypto play. Bit of a moose pasture RNS today from WSBN though.

Look at the problems there have been in countries like Mali.

I'm sure Bres will be fine, but the geopolitics might be an area for MR to address, if only to dispel misplaced concerns/sentiment about Uganda.

For those who are into technicals - are we looking at a cup and handle forming? Last time Bres made a move up from 3p (Oct 2022), it went rapidly to an all time high of around 7.8p. With the newsflow coming up here, every chance of repeating and exceeding that.