Member Info for Legalwolf

"I’m not a holder here but if I had the cash available I think right about now is when I’d buy in - can it go lower?"

I am also interested in buying in, but as Bres have said they will need to raise to complete the DFS, I think I will wait until that raise is done, as the DFS will be complete in about 3 months, meaning any raise needed to pay for it will necessarily have to happen in Q2. Bres will do well to get it away at 4p and without warrants. If it is to be done at 3p, hopefully that will mean no warrants. But the company needs the cash, so might have to make concessions.

So I think its best to wait and see what happens, especially as the share price is falling and not giving any reason not to wait it out. But that's just my appraisal of the situation. Let's see how it pans out. All imo and dyor

Karl - not for me to speculate, but one or two on here have been caught up in pointless squabling with others, so end up almost having to stick to their particular narrative. As far as I am concerned, OMI is a junior explorer with one of the best portfolios of prospects that you could wish for in a junior. I am invested here because of its EXPLORATION potential. The rest of the stuff that is being argued on here (JV, maiden resource, production) only and will happen upon EXPLORATION success. So we just need to keep the focus right now on OMI as a junior explorer and the rest will take care of itself.

Bottom firmly in now, meaning buyers can buy with comfort at these levels. Newsflow for the foreseaable should all be positive from hereon for the next few quarters at least. Get Rudyard up and running, and then utilise Bo's contracts to get other lucrative and cash generating Helium projects.

HEX about to start its journey as a real growth stock.

"£1 by year end. £2 next year imho"

Careful Karl - Seingred will be spitting out his tea reading that.

A lot of goldies sell at a fixed prices under sales contracts that run over X years, which is why they don't always benefit from a rise in the POG. I read that this was one of the reasons that the goldies don't always rise with the commodity itself.

Especially not one that has NOT been raising at a premium each time.

We've been in a bull market. Just amongst the ones that I've been in and around, I've seen Omi, Ggp, Cora, Gscu all have decent moves up in recent times. There's absolutely no question that Bres is underperforming the market - it's gone down! It has been underperforming for some time.

I was very tempted to put a chunk in on this drop, but didn't because of funding uncertainty. Bres doesn't really feel like a trading share, as it lacks the volatility of others. Therefore, it feels more like an investment/lth, and for me, you don't stick lots of cash into a junior ahead of funding risk, especially not one that has been raising at a premium.

Not bashing - who can really bash OC as a project, or MR as a CEO - but just debating and discussing the why and why nots.

It's got 2 billion shares in issue already!

Absolutely right Karl. Once we get the RNS confirming this offering is closed, 10p will be set as the floor from which we can start revving from. We will then have a significant cash runway, so can all be confident of share price growth without having to worry about placings. In that time, we will have LOTS of newsflow.

The reason I have opted for OMI as my largest gold holding is not simply its acreage, but the fact that it has NEW institutional money coming into it. These institutions will support the share price on the way up. Going forwards, when positive RNS land, we will have days where the share price will have major moves up, fuelled by LSE and then TSX.

But the first move will happen simply on confirmation of this offering being closed, because the best time to buy is at 10p. Virtually guaranteed to make some returns from 10p with all the newsflow ahead of us.

Not sure we are drilling at present, as the last RNS was silent on that. But with all this extra cash and a bullish gold price, I can see OMI ramping up activity now and exploring across more than one project. PEPAS will obviously be the very near term focus, but I can now see El Pantano in the horizon, and would also not be surprised if we end up drilling elsewhere at Anza in 2025 as well. I guess much depends on how much drilling PEPAS will need to get it to a maiden resource?

But BG keeps intimating about multiple irons in the fire, and is now cashed up for this.

So whilst very excited by this upcoming drilling at PEPAS, i'm also salivating just thinking about the month when we get the RNS announcing drilling at these other projects as well.

Share price reaction has been rather muted. Very few are buying these right now, at a time when some other juniors are doing relatively well. Why is this?

Thanks for the response Seingred. That's all fair enough and best of luck with your trading here and elsewhere. We are all traders really, with the only difference being our holding period and whether/when we add or sell along the way.

In answer to your specific queries, no I don't believe production or income is close for OMI. The focus remains on exploration. However, I do believe that any one of OMI's prospects could be the subject of interest at any point in 2025, but again, that is not the focus for OMI. Regarding the maiden resource, in truth, at one stage last year, I did think that an APTA resource was in the pipeline because that is what BG had alluded to last year. It was only during the webinar a short while back that BG explained his change of approach, and why he was delaying the resource consultants coming out to APTA. At the moment, I don't believe the maiden resource will happen until we get much further along the path at PEPAS. But who knows, with the extra cash from this fund raise, BG could easily decide to get the consultants in at APTA earlier than we think. But it's all guesswork until we hear further from him about this.

Seeing as we're discussing price projections:

https://x.com/KilconaVC/status/1901985430527996133

Looks like OMI might be ready to push back into double digits. Nicely timed with gold above 3000, new ISA money and PEPAS 2 drilling to commence in April?

Seingred - I don't have an issue with your trading approach and hence many of your posts. Infact, agree with many of the points you make. But, I have noted that you have just stated: "Of course since you guys were predicting 30p". However, in previous posts, I believe you were critical of folk making 20p predictions. Does this mean you now believe this will reach 20p, but not 30p? In fact, given that some have accused you of hindsight commenting i.e. after the fact, do you actually have a price projection yourself, so that we can understand what projection you think is reasonable? For example, at what price will you next take profits?

I've just added into this pullback. Looks coiled and ready to go for the next push up. So getting them sub 3.5p whilst they are available. Think we will close in the 4s this week and then it's down to the next set of results, which if they expand the area of mineralisation, should see this re-rate. Copper approaching 10k and might get there by the time results land as well.

Under 10p opportunity has only presented itself because BG decided to take up the institutional money now, rather than wait a few months. The gold juniors are perking up and responding to the gold price. OMI was the first to come out of the traps, and will be again, as soon as the offering is closed. Multiple irons in the gold fire, so multiple sources of share price moving newsflow in 2025, with institutional buying into each RNS.

We've been here a few times before. Imho, it's basically the need for funding that has once again prevented the share price from rising and has caused it to fall back. This is not a reflection on MR or the project itself, but more of a needs must situation. Because the market knows that dilution is and continues to be the primary source of Bres's share of the DFS costs, and that this dilution is necessarily having to be carried out at these levels, for many it has made little to no sense to invest in Bres until this dilutive stage is unequivocally over. Bres is very much in the 'orphan stage' on the Lassonde Curve, and until the DFS is not completed and financing is secured to put Bres onto a non dilutive phase, it's hard to see what the incentive is to invest during the dilutive stage. I've said it before, and took a lot of stick on here for it. Many have accused me of 'blatant de-ramping'. But even at these lows, I have NOT added any shares, because I'm thinking it's best to wait until the next dilution is out of the way and then reassess. It's not blatant de-ramping, but blatant realism. I need to see Bres in a situation where the dilution, or risk thereof, is clearly in the rear view mirror and the share price has a clearer pathway to growth. That time will surely come, but a bit more patience needed. All imo and GLA

I dunno, but personally think there HAS to be a reason why price has broken down and is now trading at a lower level. At the moment, the 'all is well' narrative that is being peddled on here by many is simply not borne out by share price action imho. But let's see what happens over the coming weeks and months.

Absolutely ID78 - that's why the institutions are getting in now at 9p. They have access to top advisers/geos and can see the exploration potential with OMI. They are not looking at 15p or 20p, but much larger growth than that. Last time OMI went into the 40s, it was on the basis of exploration, not production. This time will be no different. Of course, every possibility that continued exploration success at PEPAS could result in a sale or a JV. But all that will come later.

Massive demand and interest in Canada. We will be back above 10p very shortly, so once again, the share price didn't get to the placing price, which shows strength over here as well.