Member Info for Legalwolf

I agree with Linc. We have been told that MR is in talks with various parties discussing various funding options - this was recently confirmed by Sasha who said that MR was trying to get some of these options into term sheets. We have also debated whether the parties will want to wait for the upgraded JORC before finalising any offers and then term sheets. So not sure what MR is expected to say right now other than confirm that funding discussions are being progressed.

As for the war, it is definitely impacting. Whilst the offensive phase is now over, it's the strait that needs to be opened. That's the part that the market is most worried about. But both Iran and US need it open, and so hopefully they can reach a deal, which Trump keeps on saying is close, but the iranians keep disputing that! They must be close, otherwise why keep bothering!

I agree - but just want to temper expectations about the impact that newsflow might have right now.

As I've said already, I'm sceptical whether any such announcements will make much of difference in these market conditions.

Yes, I saw those huge buys - the large players, they know what's brewing. They will have a team that is all over Collective, and will study the nearology plays to see which one has the geological signs of being the next big find in the area. They will have digested the El Cedro RNS and realised what's coming down the track here.

If you have spare cash, throw the kitchen sink at this at 20p.

"The lack of material update on the financing and the ludicrous delays around the assay results has seen the SP drop by 40% during the "strong newsflow" period, no one not even Sasha can ignore that fact."

IMHO, this is unfair, incorrect and bordering on extreme. We have not lost 40% because of the above, but because there's been a clucking war that has caused a correction in the markets.

I meant Apta - always get it mixed up with Anza!!!

It's all shaping up beautifully here for a fantastic next few quarters:

1) Successful campaign at the district scale El P project - news delayed but should be very welcome when it arrives.

2) New discoveries being made at Grand Pepas. Further holes landing any week now. Should be great based on existing results.

3) Rig turning away at Anza - first results to land any week now. Should be great based on the historical results.

4) Maiden drilling coming up at El Cedro in H2. This will be absolutely massive - can feel it in me bones!

BG does have a knack of striking on the first drilling campaign. If he maitains that record when we start drilling at El Cedro in a few months, we are going to be VERY rich!

Yes - I think El Cedro is now shaping up to be the most exciting project for me.

"Assay results from this new program demonstrate this southern intrusive system to be largely similar to the northern body, demonstrating high grade gold in soils, at times over 1g/t Au, over total area of roughly 2km x 3km."

I will need to check if this a measure of the southern system, or both the north and south?

But Either way, El Cedro shaping up be an absolute monster. An early strike here and we won't know what has hit us. Comparison with Guayables are inevitable - in fact Guayabales on steriods!!!

Yes, looks like the lab clearly overpromised, allowed OMI to continue putting the batches in, and then when it was time to produce the first results, they went into "Manana, Manana" mode. OMI left (literally it seems) between rocks and a hard place!

Given the nature of this particular drilling campaign, they need all or most of the results back, at least from specific areas of drilling, to provide a meaningul and non misleading RNS.

I guess the issue now is how long it's all going to take from here. I reckon Q2 is out from the sounds of it, but should we hear something at least in Q3?

Got a few trolls on green now, but which one of these idiots is mentioning UFO. Dog shares being compared with OMI takes deramping to a whole new level.

Some large trades gone through - some are taking the opportunity it seems.

8p is a steal though and I guess this correction is allowing an unexpected opportunity to load up.

Could be a hugely significant and successful period coming up here. Let’s hope so.

Great RNS. Looking forward to the JORCs. Looks like offtake news might be close as well. Now they can look to get maximum value from funders.

Let’s see what impact it has in current market conditions though.

Yes, each to their own, but I absolutely do not want funding news to be announced right now. Don't mind drilling results, but nothing big until we see some signs of life in the wider market. We've waited a long time for funding, and I don't want it being announced into a s show of a market and resulting in a big anti climax.

End of Q2 will do me fine!

This is the really unique aspect to OMI - as BG has already noted. It is a compelling exploration play for those that want exploration. It is a near term development play with a very lucrative Pepas project for those that want this. It has one MRE in the bag, and an even bigger one on the way, for those that like to see valuation underpinned by MRE. It has some giant projects, for those that want scale. Something here for all types of investors.

I suspect we already have 1 to 2 million ounces across Pepas and Anza. Some would even say 1 to 3 million, but let's get some more drilling done and get that confirmed, if only to avoid triggering the naysayers on here.

So clearly, we can see the potential for OMI to become at least a mid tier producer. But the big question is how much upside is there across these projects? How many millions of ounces is OMI actually sitting on?

Guayabales has been mentioned. It's MRE is awaited, but it's looking like it could be an absolute monster - a once in a lifetime find. Just it's flagship Apollo porphyry system is estimated to be between 5 to 10 million ounces. Soil sampling was the primary tool used to discover it! It was over an area of 800m to 700m.

How much gold are we going to find in our porphyry targets at El Cedro? 1 g/t in soil sampling is "exceptionally" high. We have found it over 2km x 3km!!! BG put this in bold in the RNS and has followed it up with the Guayabales comparison. What's he trying to tell us, without acting telling us?

Grand Pepas, Anza, El Cedro, El Pantano, LV - it's just ridiculous.

Mid tier producer or giant in the making?

The market is running cold right now, so personally I don't mind a lull in newsflow and updates here. I think any RNS released right now will have limited or temporary impact, and be wasted as a result. Simply firing blanks.

Despite the lull in newsflow, there are healthy buys going in at these levels, meaning the cheaper shares are being taken out, hopefully in readiness for when the market heats up once more. IMHO, much better to have delayed newsflow but then being able to issue it into a hot market, than early newsflow going into a corrective market phase.

So personally, I hope we don't hear anything significant from BRES just yet.

Always look on the bright side folks. The delay is going to work out in our favour because had we released the El P results into this market correction, it would have been a complete waste. The recent Pepas West RNS demonstrates this. At least this way, we have a fair chance that by the time the results are back and the RNS is ready to be issued, it will be released into a hotter market and hopefully be much more impactful as a result.

Personally, I don't mind a lull in newsflow right now until the market picks up once more. Let all the cheap shares get soaked up whilst the market is running cold, so that when it does warm up, we have all our newsflow to fire into it.

I think there's a lot of large players accumulating these for the next big run up. There's been chunky trades going through almost every day, and price is being held at this level. Classic sign of accumulation.

Seen it on a few other juniors as well, which I am hoping signals that the big money is returning to the market for another leg up.

This is pure speculation on my part, but I do think that once he gets his own Fed Chair next month, Trump is going to want to give the market a massive rally ahead of his mid terms in November, meaning the Fed will adopt a very doveish policy and inject some QE. Could be one heck of a H2 2026. Let's hope so because OMI is superbly placed to capitalise big time on any market rip.

"You just know at any single moment this could blow up massively."

I said it a few weeks ago, and it's something that I have said often on here. We need the wind at our backs to get traction here, which means we need the wider market to pick up sentiment. Now is a good time to accumulate these, but we will have to wait for the market to turn, for this to rip up once more. It's only a matter of time, but how much time is ?