Member Info for Legalwolf

Given the sheer size of the trading, we could be looking at the same fund increasing its stake, and/or another fund scooping up. I recall what L Castro said about multiple institutional interest at the last webinar. It certainly isn't retail and they don't do dark pool! So definitely big boy activity - could be warrants being flushed out - but them someone big is buying them, whether dark pook or not?

Regarding profit taking, i'm easy about that. Totally respect anyone wanting to take profits now, and those wanting to wait for more fundamentals to emerge, or in the belief that price will go much higher. That's what makes a market after all. If we all thought and did the same thing, there would be no market.

I have no intention to sell tomorrow, even if there is another significant rise, although expect me to be posting enthusiastically about it on here if it happens. GLA

Also - just check out the late reported trades. CRAZY money being traded in OMI right now. No way are we anywhere near the end with such large amounts going in and out at these levels, but rather this is the beginning.

Thanks Trek - just take a look at the late reported trades over there today and their sheer size. I think OMI has a long way to go yet IF we are about to see a bull run for gold stocks. The stocks always lag the gold price, but I can see signs here and over in the US of money going into goldies. Both the Van Eck gold ETFs have also moved up in recent times and are testing long term resistance - much like gold did before it broke out of its corrosponding consolidation.

I will take a look at LEX.

Stuck some in GRL as well as their BOD is talking 1000ounces by Q1 - hope it doesn't turn out to be another GCAT though!

PP - check out all the late reported trades today with OMI and their sheer size. Big move incoming me thinks?

Really strong price action again today. Volume on the way up was much higher than volume on the pullback, and we closed the day with buyers coming back in towards the end. This all bodes well for tomorrow, and there is a very strong chance that we will close the 9s for good. FOMO Friday anyone?

Anyway, I couldn't care less what happens tomorrow, as the real gains here won't be made tomorrow (even if tomorrow goes crazy and sees us push much higher) but will be made over the coming months imho. Therefore, hold for gold, and don't let your cheaply acquired stock go cheaply. But each to their own and GLA.

Thanks for the response Seingred. But I agree with Rob - the markets, and this market in particular, doesn't run on fundamentals, but more so on irrationality and exhuberance - that's how mania's are created. It's a psychologically driven phenonmenon, not an arithmatic calculation based on mcap. When we hit 20p, the talk on here isn't going to be the likes of bogoff and stoned talking about mcap, but everyone will be projecting 30p and 40p, without reference to valuation and mcap. That's just how it is on AIM.

In a way, for those of us looking at the longer term, it's actually better that most others sell out now. The more weaker hands you shake out now, the less you have to contend with later on, or the more they will buy back in and chase.

Anyway, we are debating this at 10p. Let's see what the debate looks like if we hit 15p or 20p. Or indeed if we fall back.

This is still on the move on high volume. Suspect it will be the top performing goldie on AIM this year - the ones that go early often are. Last chance to get in sub 10p, as think it will shoot tomorrow. Got some fanastic projects and producing some world class results. Very strong interest in Canada as well, and a insti fund is currently taking up a large position - and is known for picking multibagger resource stocks. All imo and dyor

We are at the very start of the bull run. The gold minors are only just responding. Gold broke out of a very large trading range, and so the move up will be prolonged. 3000 is likely to be the first target, not the end of the move. If you look at the ETFs, they are hitting the top of their own large consolidation patterns.

Tech having a more difficult time in the US, inflation is on the up, Trump's tariffs will cause more inflation if they turn into trade wars and so the environment is ripe for gold.

So far as OMI goes, at this present moment in time, I am planning to tightly hold onto my stock and seeing this as a hold for what's to come in 2025. I don't have a price target, because they are always liable to change and you can't control what happens to the share price or events on the ground. I've instead approached it on the basis that I want to see what happens at PEPAS 1 and PEPAS 2 at the very least, and also the APTA resource. I believe in that time, the share price is going to take care of itself and be far north of here. Results on the ground will of course dictate.

The unknown is whether and when we might drill El Pantano - but don't think even BG knows that right now.

First step is to consolidate 10p. IF we do that, then we can think of where in the teens we will close the week. I'm thinking 13-14p for this current move - but again, IF we consolidate 10p first.

Yela - firstly, thanks for the post. Always good to have some discussion as opposed to the usual noisey stuff. Imho, gold stocks are very much starting to respond. I've been tracking them in the US and here. Also, both Van Eck Gold ETFs are threatening to breakout out of a very long range/base. The stocks always lag the gold price.

As for "drifting" to 20p, we are literally as you typed breaking into double figures on high volume. I don't think it will be a "drift" at all, but a reasonably quickish move to 20p.

Anyway, let's see how things go here and we can revisit.

OMI is on a rip.

10p on the BID now folks. Hold onto your hats. OMI is launching 🚀🚀🚀

I say long live the "VIP floggers" - their warrant money is going to help us fund new heights. We should be so grateful to them. So thank you "VIP financiers".

Let's all give a round of applause to our VIPs 👏👏👏👍👍👍

The junior goldies are all seeing buying. Even the dog ORCP is perking up again. OMI will be the leader of the pack.

My only issue is whether to grab some more now below or around 10p, or wait for a pullack in the teens.

10.3p on the Ask for small amounts. Bid at 9.5p. Shares below 10p are in high demand. Still got two hours before the Canadians join in again.

Nevermind FOMO Friday, could be FOMO Thursday!

Other goldies are moving up. Only a matter of short time before we get the first push up here me thinks.

Exactly - just look at the price action today. We've had a big move up which is being consolidated. We are seemingly gearing up for a big Friday FOMO tomorrow. Mid teens will arrive here quicker than we think!

So I maintain that we "could" well hit 20p even before we stick a single hole into PEPAS 2. Hopefully the warrant monies we are banking will fund the first 6-10 holes at PEPAS 2.

"Agree with yella that 40 p sounds fantastical"

I'm not so sure and would certainly not describe it as "fantastical". I think it is entirely possible. Let me break this down and we can then debate which bits of the breakdown are "fantastical". Now, we are already at 10p, and have had to clear a LOT of warrants to get here. (Yes there are more left, but we have broken the back of this particular barrier in terms of share price growth). We are now revving up to make a move towards the mid teens imho. I believe we will get there in the coming weeks simply on the basis of price momentum with or without news.

Now, let's then assume that the earliest we might start drilling at PEPAS 2 will be April/May. Before then, we will have more drill results from PEPAS 1 and updates re El Pantano and/or Apta. If this newsflow is positive, it will take us from the mid teens towards 20p imho.

So even before we stick any holes in PEPAS 2, we are likely to be far north of the current 10p and imho we will be closer to 20p. From 20p, IF we strike mineralisation at PEPAS 2 in the first drilling campaign, where does the share price go from 20p?

Not sure what is "fantastical" about this breakdown, but more than happy to listen to sensible counter arguments/reasoning about why it won't happen.

There are very times on AIM where you get a gold prospect that keeps on producing world class results (rather than one offs) and gives you that near certain feeling of "more to come" which gives you the confidence to hold and add. I remember the similar feelings with GGP's Havieron, or Cora Gold's Sanankoro. Both of those went on multibagging runs. I am having the same vibes with PEPAS.

All sorts of investors are loading up in these single digits, from institutions to HNW to retail holders to traders. Gold is heading for 3000, and we have warrant monies coming in. (Thank you to the much maligned VIP floggers btw for their warrants monies). We are very early into the year as well. Everything is aligning for a MAJOR run up/re-rate here - you just get that feeling. Well at least I do. All imo and dyor

"I'd be surprised if Omi surged to 40p without a route to market (which Newmont provided last time)."

Yela - that's correct in terms of a fundamental analysis, but is not often or usually how AIM works, where often exhuberance takes over and drives the share price move to ridiculous heights. There are many explorers who see ridiculous share price rises during the discovery phase, even though they are not cashed up or JV'd up to do anything with them. So far, the run up we are having is, at the same stage, very similar to the last run up to 45p. I would not rule it out, and would very much rule it in IF we strike at PEPAS 2. You also have to factor in that during the last run, Newmont were already a holder and not buying on the open market during that run. This time, we have insti buying on the market.

In fact, I suspect we will hit 20p on the basis of PEPAS 1, and/or simply announcing a drilling programme at PEPAS 2 i.e. on anticipation. That's more how AIM works imho.