Member Info for Legalwolf

Ah right, thanks!

Thanks for this AGEOS. Do you have any initial thoughts re the potential of PEPAS 2, based on the current findings at PEPAS 1 and the information currently available re PEPAS 2 (e.g. soil sampling/soil anomalism)?

Who/what is TD?

Great news. Can't wait to hear what OMI has planned next. We should get some exciting updates from BG re forward plans and with potentially $3 million in the kitty.

We couldn't ask for better price action folks. Last week we shot up again like an arrow and easily pierced double figures with a high of 15p. That was another mega move and it needs consolidating. In the process, we have absorbed a LOT of the sellers at these levels and I believe we will have cashed in the majority of the remaining warrants - confirmation to follow. If so, that's put hundreds of thousands of pounds more into the coffers.

Now it's really good to see that we are consolidating the move up and in the process of setting a new floor in double digits. This new floor, once it goes in firmly, will allow buyers who might have missed out on the stage one rise from single digits, or LTH who want to add more, an opportunity to do so.

Ive got a decent chunk in here from stage one. But it has always been in my thinking to add to it, if or once we had the stage one breakout into stage two (and/or on the next placing). So I'm now looking to do add.

Overall, I remain confident that we will see 20p here shortly (i.e. in Q1). It might get hit on the next leg up, or we might need another consolidation in the upper teens before we hit 20p. But either way, that's another 100% rise from current levels. Where else are you going to get these near term returns? Which other goldies, or indeed other shares, are going to perform like this in that kind of timeframe.

So for me, it's a case of let the share price draw some much needed breath and then the AIM v TSX battle will shortly resume to take out 20p. But all imho and let's see. GLA

I’m thinking that you hold two (max 3) goldies at a time. Correlated risk and all that. Then switch to the late movers. All depends on how long this bull market in gold lasts though.

Ideally needs to be a really exciting exploration play or a pre-production company going into production or expanding existing production significantly.

BT/Karl - totally agree re PEPAS 2. That's why the Fund and Canadian HNW junior resource investors are getting involved. They see a multibagger in the making from these levels. 1km strike length of high grade gold from surface is the potential prize on offer and will be worth multiples of the current mcap.

You can see the potential footprint of PEPAS 2 in figure 5 below:

https://www.lse.co.uk/rns/OMI/colombia-update-7i9aj5m2fcffaqk.html

I suspect the Canadian Fund and Canadian investors in particular are getting in for PEPAS 2.

That's sort of correct as they have been trying to delineate the existing mineralisation. What has significantly expanded the footprint is the adjoining PEPAS 2 where: "Over 100m of mineralisation was identified at surface, with samples taken at 1m intervals over the entire length of the exposure. Assay results averaged 1.15g/t Au over 105m, with individual samples at times exceeding 5g/t Au". They are lifting high grade samples from surface.

Together PEPAS 1 and PEPAS 2 give a potential strike length of 1km. That's high grade gold from surface. Therefore, a maiden drilling programme and/or early strike at PEPAS 2 will send the share price into orbit.

I'm very surprised that they can raise so much money whilst suspended, without audited accounts or a Prospectus. What is the point of having all these rules. There are companies that are listed and without all these issues that would struggle to raise a similar amount.

A good sign that company has been able to raise so much money whilst suspended and without audited accounts and a prospectus?

Yes - absorbed a lot of sellers quite easily this morning and now back on the move up into the 13s. I think this week will see a LOT of money come into OMI and we could see another big weekly move up. We should catch up with TSX by close of play today - and who knows, might even start heading towards that 20p level by the end of the week. GLA

Our first NT to buy!

Trading at 2900 - gold looks like the place to be right now? Both GGP and OMI up today.

Do we thank Donald Trump?

GGP is up to 9p and up 11% today - it's a useful barometer to see that other goldies are on the rise as well. Much better when the sector moves together as another indicator of a sector bull move.

As I have repeatedly said, I believe we will be in the 20s at least when we start drilling at PEP 2. From that point, the drilling results (as always) will dictate how high we go. If we strike early in the PEP 2 campaign, then just how much will a 1km strike length of near surface high grade gold that is 100% owned be worth (in addition to Apta, El Pantano and the rest) in terms of the share price?

So I want to hear more from BG about PEP2, as that prospect will be key. It would also be good to know whether those APTA consultants will be called to Columbia only after PEP 2 has had some drilling, or much earlier?

Now here's the wild card - imagine if we also start drilling El Pantano this year and make a hit there as well.

All this for 20p is dirt cheap and that's why the market is re-rating the stock in anticipation me thinks. All imo and GLA

Saw another couple of pennies added to the share price this morning. Completely disinterested at these levels and barely registered any emotion in me. It's only Feb 10 and we have a long way to go in 2025.

Nice to see some of the other goldies perk up as well, as for POG, that is very much on a rip at the moment. We will see 3000 this month, and that milestone will bring even greater interest into the sector, esp with other asset classes not up to much at the moment.

Would love it if we could just fast forward a couple of months and see where OMI is then. For now, I guess it's a case of let's consolidate the 13-15p level and let PEP 1 and PEP 2 do the rest for us. We can enjoy a bit of a duel with the Canadians and see which of us takes the share price higher each day/week. I think they won last week?

Personally i'm much happier about getting results in batches. Feels less helter skelter and is more in keeping with normal reporting. I think the single hole reporting has done it's job. This gives OMI the flexibility of reporting single or multiple holes without tying them to one or the other.

Would be good to get an update from OMI more generally about forward plans.

It is important to be grounded, but it is right to also note that this is an incredible opportunity in the making and as good a scenario as you will get in junior gold exploration. Only a few weeks ago, people were laughing at suggestions of 20p, whereas right now, it would actually be laughable to think that 20p will be the high for 2025, when we have already touched 14p in Canada. Usually, you have one or two strong points, which you can lead the argument with. But here, we have SO many. In no particular order, here are some factors which "could" come together nicely to give us incredible gains in 2025:

1) We are very early into this bull market which has a long way to go. POG likely to hit 3100 and then 3400 this year according to many gold analysts.

2) We have the projects to really excite in this environment, with PEPAS leading the charge.

3) We have moved early in the cycle - which are the hallmarks of a leader.

4) We are producing world class results and will likely keep producing them. The gold is from surface. We have the opportunity to expand the strike length by potentially x 10 with PEPAS 2.

5) We seemingly have the pitch to ourselves - no one else is producing these grades on AIM right now. No other junior goldie is seeing this kind of rise. Where does the AIM herd go that's better than here?

6) The float is small, especially when you consider how many are tightly held. Corrospondingly, the investor base buying these shares is very large, ranging from insti, HNW and investors in both UK and Canada.

7) We have other equally exciting projects on the book, such that PEPAS might not even be described as our flagship?

8) We are cashed up for now to the tune of $2.2 million, plus another up to $1 million from warrants.

9) Low cost drilling, where each set of holes is adding X million to the mcap and Y pence to the share price. So it's not a situation like Haverion where quarterly results are delivered from 1000s of metres of drilling costing millions to add the same gains.

Given we are already at 12-14p, I believe that we could hit 20p before a single hole goes into PEPAS 2. If we strike at PEPAS 2 with a share price in and around 20p, particularly an early strike, then who can argue that the share price won't then march on higher leaving 20p in the dust?

So overall, a potentially massive opportunity unfolding here with everything aligning to make it so. All imo and dyor