Member Info for Legalwolf

Best to treat most newer accounts with suspicion. It's a classic tactic of trolls to setup more than one account, which they use to play 'good cop, bad cop' with each other. The purpose is simply to keep the original troll and their threads running, and so some trolling accounts will be used to support the original troll and others will (pretend to) bash the original troll. Those of us who have been around bb for a while have seen this tactic adopted on a number of bb.

You can see which account is playing what role quite easily!

It's also uncanny how the trolling seems to coincide with key buying levels.

Yes but what are you brining to the bb other than trolling?

Computer - agree with you on the drill results. The lab has had more than ample time to have processed all the cores by now. We can debate the extent to which BRES are at fault here in choosing this particular lab. But we don't know enough about what alternatives they had, why the lab has been so slow, etc.

I disagree with the rest of your posts though. The only calamity I see right now is the war. That has impacted most shares other than a few energy sectors. The impact is ongoing because most shares are still struggling to make up lost ground. I also disagree about the drilling. It's primary purpose was to demonstrate the upside in the project to potential buyers or funders. It was eminently sensible and necessary to undertake it to extract maximum value from these current negotiations. Also, it was likely most cost and time effective to do the drilling when they already had the Rigs and contractors on site doing the essential JORC drilling.

I do think you are overreacting to the current situation. which is basically about the war, and not necessarily down to BRES. We could announce drill results or even funding/offtake news tomorrow, and it won't have the same impact as it would have done pre war.

In a nutshell, I've resigned myself to the steady but sure realisation that none of my shares are going to perform right now until the wider market is ready. Hopefully, that signal and turning point is "weeks" away rather than "months" away. All imho

It's MY opinion that this bb is being trolled - there are a number of fake posters feigning disappointment. They will come up with all sorts of spurious reasons for peddling negatives. New accounts are also being created for this purpose. Especially now as the chief troll has lost its credibility.

IMHO the current share price performance has f c u k all to do with BG/OMI right now. Nearly all shares are down on my watchlist. You can't fight the market forces, which at the moment are being impacted by the war and geopolitics.

Once sentiment (i.e. buying returns) to the market, we won't be having these discussions as there will be nothing for the trolls to feed off, or the ones trading will have had their fill already, and will turn into pumpers - again using alias accounts.

I'm watching the war news more than I am watching news on here!

I think this is all fake 'outrage' myself. This bb has turned into a bit of a cesspit tbh. Endless gripes from so called investors.

Still, I guess they can only 'come out at night' when the share price is underperforming.

You would never think that we've just made another discovery at Pepas, have more results to come from West Pepas, from Apta and a comprehensive update from El P!

🥱

So what should he do then?

Our posts crossed Dr R, but I agree. I think reading yours, I would add:

3) Focus on hunting bigger deposits, either by finding the feeder source at Pepas, and/or at the other projects.

Hopefully a JV or two will help with this!

Best to sell up then - no point being invested here if you don't like the guy in charge. He's not going to change, so it's up to you to take the necessary action. No point holding onto any shares or retaining interest in the company.

I think it's completely valid for BG to be thinking about what is best for OMI. Remember, with the existing cash, they have to think of El P, El C, Apta and LV as well. Supposing they only have cash to drill 50-100 holes at Pepas within the existing budget. They believe there are gold deposits around the existing Pepas deposit. They appear to have found the first one of these at West Pepas. Do they now spend the budget proving it up, or do they try to find others and thereby demonstrate the scale at Pepas?

I think this is a perfectly legitimate strategy decision for OMI to be thinking about. People might well have different views on it. For my part, I would rather the existing Pepas budget be used to locate as many (satellite) deposits within the overall Grand Pepas project, and/or to find the feeder source, than to simply prove up West Pepas. But I don't feel very strongly about it either way tbh. I think it's a nice problem to have.

In 12 months' time, would you rather have:

1) West Pepas drilled out to MRE and added to the existing deposit?

2) Found a number of satellite deposits of unknown size/scale and/or the feeder source, to be progressed further in the next phase?

I don't think people quite appreciate or are giving enough credit to BG right now. Just wait until the APTA and El P results land. This will give us holders no less than FOUR separate projects where BG has had some degree of drilling success - PEPAS, El P, GRAND PEPAS and APTA. Four out of four successful drilling campaigns in a row. That's some record.

I like most of his tweets, and appreciate that he puts them out. As far as I am concerned, he can say what he likes in his tweets, so long as he keeps on delivering on the pitch.

I like the way they are going about business right now. Each project is being progressed and they are so far managing to demonstrate that there is gold and/or silver in each of them. They are taking two of these to MRE, which should underpin a higher valuation, when APTA comes in. They are also then looking to make new discoveries with El P, El Cedro and within Grand Pepas. Later on down the road, they will also look to do the same at LV.

This strategy ensures that newsflow is plentiful, regular, value enhancing and exciting.

Having this amazing portfolio comes with the nice headache of working out how best to use the cash and grow the company. We know that they are looking to JV, but want to drill each project themselves first to demonstrate value and get the best JV terms. Can't argue with that. BG has always said that the plan is fluid and will change as they go along. I guess it has to be with the portfolio that they have. So far, I think they are playing a blinder, and spending the cash well.

I think making new discoveries within Grand Pepas will be more value enhancing than stopping and proving each one up. If they can show that the area has a number of these "at surface deposits", then the market will get a sense of scale without necessarily needing a MRE for each one? The exception to this might be if they find something that looks like it has similar or larger scale to the existing Pepas deposit. You then need to have a real think about taking that to MRE so that you have something that is truly representative - the remaining deposits could sit as an exploration target?

Perhaps the best time to decide all this is once they have all the studies done for the existing Pepas deposit. If they can scale up an operation from the existing 30koz/year, rather than simply extending LoM, then why not?

Nice to have all these options and it all does make you wonder where this story stock will end up over the next 12-24 months.

Think we might get a market bounce next week, so if results land the week after even better.

Especially just before a market bounce on war coming to an end!

Could we get the next set of results from Pepas West next week?

Meanwhile, we are sitting at support and so these might well be the cheapest shares anyone will get ahead of JORC upgrade and funding news later this quarter.

I find this discussion a tad bemusing. Not because I have any problem with anyone highlighting logistical issues, but more because it’s only an issue for us if it’s an issue for funders and/or contractors doing the logistics. After all, to the best of my knowledge, none of us are funding OC, nor are we going to be transporting the goods?

Provided it’s not an issue for those that are, then why get worked up about it. Given that we have been told repeatedly that there is strong interest in funding OC, which in turn must mean no logistical issues preventing funding being secured, then im not sure why this is being given so much air time.

Admittedly I might be missing something here but it seems like second guessing the DFS and the funding process to me.

Folks just look at the size of some of these buys coming in. Shares are being gobbled up ahead of all this newsflow.

Once Trump gets his deal with Iran, his new Fed Chair will be helping him create one heck of bull run in the markets ahead of those mid terms.

We are hopefully gearing up for one heck of a year here.

This is all about accumulating what you can before those next two holes come through from West Pepas, which already seems like they will be more world class intercepts. Then same again from ANZA, which soom will be renamed BonANZA! Nothing like drill results to get the market going!

Imagine also what happens to the share price when some serious volume comes back in here?

After a sell of, prolonged reaccumulation and de-ramping, the share price looks ready to go. Is it asking for too much, to expect that the next set of results will be a double hitter from ANZA and WEST PEPAS? That will truly paint the picture more starkly that this is a company where PEPAS is a company funder (and growing now with additional mineralisation) and we have also then have growing and larger deposits like ANZA which the former might one day help to fund into production!

Such an RNS will really put the cat amongst the pigeons here when it comes to the share price. Can't wait!

I also still think the war is having an impact in that not all of the large money will commit itself to the market until a deal is agreed. Any news of such a deal and would expect to see some large gold players making a later entry, or reentry into this exciting and fast developing story stock!