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Unless I am misunderstanding it, isn't it a case of seeing what value has been placed on the gold. They have received 50 million shares in return for 247 troy ounces. What is this worth v what amount they will get for selling those 247 ounces at the current gold price?

AIMSL must know what's coming down the line here in terms of the increase in the value of their shares as well, so a show of confidence that they are willing to take payment in shares.

Good to see that the full offering was taken up - Directors squeezed out.

Now fully cashed up and ready to go.

She's like that in all of the interviews I have watched, and so I would say its awkwardness rather than anything else.

Looks like we are on for a FOMO Friday tomorrow, as this looks poised to breakout from this bull flag pattern ahead of what are expected to be re-rating results next week. They should take us to 6p and then 8p.

The chart is a beauty because above 5p, there is no overhead resistance. That means the sky is very much the limit in terms of this uptrend once it gets above 5p. If the results continue to be spectacular, then this will continue to uptrend during 2025, supported by a strong copper price and the prospect of one of the majors coming into play. MCAP could grow very rapidly here.

In most stocks, it's the large players that move the share price, up or down. Therefore, when the likes of Apple, Tesla, Nvidia, etc make a significant move up (or down), it's usually because of institutional buying or selling, with retail trading off the back of this. To have institutions and HNW involved in OMI will have the same, indeed greater, effect. At the moment, the insti have been able to load up through the placings and we are STILL seeing the open market price go up. If or when they end up buying on the open market as well, we can expect much bigger moves.

Salivating at the prospect of having some really positive RNS days during 2025, where we are all left with a sense of what the reaction is going to be amongst the insti and HNW, as well as between retail on the LSE and the TSX. The float is still relatively small and mostly in sticky hands as well. 😋😋😋

It's important not to be too rigid with your expectations. You have to be prepared to adjust your approach with the emerging situation. What we each thought 12, 6 or even 3 months ago, will be different to the situation today. With multiple irons in the fire, there is simply no way I can sensibly come up with a strategy now, which foresees all the various possibilities. For example, in December 2024, I might have thought that 20p was a reasonable target and viewed this as swing trade. Now, 3 months later, I am thinking of 20p as merely the starting line and looking at holding this for a much longer period. SO much has happened here in 3 months, that this is a different investment proposition now, than it was back in December. As well as the results and new fronts at PEPAS, the biggest factor is the institutional and HNW buying power coming into the stock. None of us are going to move the stock, but these large players surely will. They aren't here for 20p or even 30p. They will be looking for new highs and multiples of the current share price.

Therefore, at present, I firmly believe that continued exploration success WILL result in OMI making a run for its 2020 high. Any one of the projects could cause such a move, but the first to go, and hence the front runner, is of course PEPAS. But it could happen as a result of El Pantano or El Cedro, because each of these projects are company making in their own right and each is capable of leading to a new high in the share price.

Each time I reflect on this, I need to lie down. Call it ramping if you like, but my money is where my mouth is and the conviction is for real, because this is the real deal - and a very rare opportunity, the kind of which you will only find once every few years unless you are very active and well researched in the markets and cross jurisdictional.

Https://www.ft.com/content/e4f4a52c-9449-4b2a-887d-540e37f7b9bc

It's ridiculous - we're still in March 2025 and have SO much newsflow to come in 2025, including re Pepas 1, Pepas 2, El Cedro, El Pantano, Apta, etc. We have barely got going, have just cashed up, and looks very much like we will be at 20p already, before we get drilling again.

Just how high is OMI going to go?

You can almost feel the move towards 20p starting to unfold. This intial buying will include those who missed out on the offering, or who wanted more shares than were available in the offering, getting them on open market.

It's near certain that with millions in the kitty, and multiple irons in the fire, this will get to 20p. I've almost ticked the 20p box already, and now starting to switch attention to when it will hit 30p.

Looking poised to breakout to the next level.

There were folk on here only recently who were doubting whether this would get to 20p. It now looks like 20p will be the new floor that will be set before we even get drilling again.

Strong demand for shares at these cheap levels.

I did say the other day that I could see a move towards 20p happen simply on closing of the placing and anticipation of forthcoming exploration activity. Currently looks very much like that will happen.

15p incoming as the first stop. And we haven't even had the RNS yet.

According to the placing RNS: "The Offering is scheduled to close on or around March 27, 2025 (the "Closing Date").

Therefore, we should get the RNS tomorrow or Friday?

Bid and Ask now very tight, seemingly gearing up for another push up.

That is one of the biggest buys we've had here of late. Looks very unlikely that this will get back to 1p now. In fact, today's RNS might well start the move north as a lot of folk were waiting to jump on it, and that hasn't happened for them. There probably now won't be another opportunity as the move to Pit 1 should mean that GRL will be crossing an inflection point when it comes to its production, meaning that future RNS should lead us closer to that target and fuel sentiment and buying at what are still incredibly cheap shares. Plus ISA money coming into play from next month. But let's see

ID78 - my present thinking (which could change) is to have a decent sized holding here now, with a view to adding to it once the company gets closer to its production target, which I anticipate will be towards the end of Q2. I have not gone all in just yet, as there are still uncertainties and hurdles to overcome, but this next quarter should answer (most of) them.

I do appreciate that the market isn't going to keep this share price on ice until we're all ready to add more, and it will likely start to move ahead of the target being achieved and force my hand into buying more now.

Why not get the mining permit and then raise at much higher levels?

A fantastic share, but terrible jurisdiction. The issue for me is why not raise at much higher levels once they get the mining permit? Does raising now show a lack of confidence in that regard?

I agree with some of the negative comments made today. But have to try to keep the eye on the prize and look at the bigger picture. They ARE now drilling and with GSMB on board. But significantly, with the below comments in the RNS, I suspect they will end up with a substantial increase in the Mineral Resource with continued spectacular high grades at the end of this drilling. Assuming they are making genuine progress on the financing side - about which we need to hear more details in order to have more confidence of this - this could end up with a major re-rate over the coming quarters.

"Previous hand auger drilling used to define the Mineral Resource only went to an average depth of 1.6 metres, whereas the aircore rig in use is drilling to depths of up to 15 metres before intersecting basement lithologies."

"The Company is pleased to announce that drilling has intersected a second marine sand package considered to have been deposited during the Pleistocene epoch. Estimated heavy mineral grades are high, and work is ongoing to define the extent of this new mineralisation and the impact on the resource within the IMA and across the Project, with more targeted drilling to be planned."

Some were hoping for a drop and it hasn't materialised, as the RNS was overall better than expected, with the only unforeseen slight negative being that operations at Pit 1 should have commenced already based on the previous RNS.

I think Q2 will be the defining quarter here, as we start to see an increase in production towards the end of it. Everything should then come together nicely for H2 of 2025.

In a way, let this go under the radar, because there are lots of goldies competing for investor funds right now. But later in the year, profits from those other goldies will be looking for a decent new home, and this will look like a fantastic proposition as it gets closer to that 1koz target.