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Not enough people filtered him and ruined the bb in the process. Looks like the bottom is now firmly in and with pretty much all major sellers likely out now, we can look forward to the share price fighting back during what should be a strong macro environment for gold.

There's been loads of 50k trades at these levels - trademark of the big boys! As long as there's negativity on here, you can be sure there's accumulation going on as well.

If you look around, most shares have fallen significantly. It has nothing to do with BRES. It's a market wide situation caused by the war. Almost everything outside of energy stocks have fallen back.

More subtle de-ramping and keeping negative titled threads going. But peeps keep falling for it. There are SO many posters on here looking for lower entry and trying to talk the company down to get that lower entry. It's been like this ever since the MRE. Each time a positive thread goes up, those same posters just replace it with their negative threads. It's so obvious and pathetic.

I think the war has provided a fantastic opp to get in cheap here. I can't imagine there will be much stock below 17p. Whatever happens though with the war, the long term outlook for gold will be positive, which in turn will benefit OMI. Thank goodness now that OMI did thayt huge capital raise when the going was good. It has OMI into a very strong position for when the market bounces back. By the time it next needs to raise, the gold sector should be booming once more.

Critical 10 days coming up now for the US/Iran to find an off ramp and get that strait open. Either way, bullish for gold in the long term.

If the DFC do a deal with BRES, it will bring major American offtakers into play. If Tesla continue to have problems with Syrah, then you never know who the DFC might point them towards as an alternative!

I think any RNS right now might just be a waste. If these so called ceasefire talks do result in a cessation of hostilities - even if for just a month - then we might get a bounce in the markets and that would be a better time for newsflow.

WARrants!

I think the current sentiment is more down to the war, rather than Pepas economics, and is market wide. Even then, it's not so much the bombing, but the closure of the strait of hormuz and the impact that will have/is having on the global economies. Let's hope these talks are not fake news and something concrete comes out of them, in particular, the re-opening of the strait. That will give the whole market a big bounce. It should of itself send OMI back into the 20s, as it's crazy cheap right now.

From there, assuming there is a permanent ceasefire, it should be game back on. The "exploration ramp up" has commenced and in the background they will continue to progress Pepas. Therefore, it will be non stop newsflow for the rest of the year. OMI will re-rate during this period imho.

17.99 for £5k and 18.4 for £10k. I think supply below 18p will surely be drying up?

It's gone NT to buy - big boys getting first dibs probably!

Sector looks like its bouncing - GGP gone from red to blue!

I was just thinking the same - if the US markets open with a bounce, then we should post the most bullish candle we have had in a while. If they are talking productively now, then there is no chance of this being a drawn out war.

Wonderful opportunity to get into OMI at the placing price.

Bid and Ask gone up - these could be the cheapest shares anyone will get before any reversal takes place. Nicely timed for fresh ISA money and newsflow to come in April maybe?

No wonder there was a big buyer on the loose! Today should be the bottom of this flush out with bid and ask back in the 17s.

Let's see if we can get back into the 20s in time for fresh ISA money in April and the beginning of exploration newsflow.

Apparently Trump has announced productive talks with Iran and a ceasefire. Massive reversals taking place.

Could be time to load up for a reversal here?

Massive reversals taking place in the sector!

Https://x.com/TrumpWarRoom/status/2036037302980346109/photo/1

Now could be the time to load up!

The downswings are getting shorter and we are trading at around placing price. Hopefully this is setting up for a bounce.

Will it need some positive geopolitical news first or happen on the technicals?

Can’t imagine too many sellers left at this level? It’s been a total flush out.

Gold has been on a crazy rise and maybe needs this flush out before moving back up. Trump has to think of his mid terms and will need to start repairing the damage from his ill chosen decision to go to war. Lose the mid terms and the talk is that he will likely face impeachment. We know that he likes to point to the stock market as a key barometer of his success. Therefore, I reckon fiscal policy will be targetted towards boosting the stock market as much as possible ahead of those mid terms. Notably, he will also have his own Fed Chair take over in May 2026. They will pump money into the system once more!

Therefore, this current flushout offers some fantastic opportunities. I think you want to target the companies that are well poised in terms of their share price, having a strong financial situation and exciting operational plans to take advantage of any big run in the stock market ahead of those mid terms. OMI ticks all these boxes and is really well poised to deliver some share price boosting news across its portfolio. We are basically trading at the lows - near the placing price - with pretty much all weaker hands/sellers being drained out ever since the MRE announcement. This provides a fantastic setup going into the "exploration ramp up". We have spent a LOT of hot air on here talking about its fantastic portfolio. Well the time for talk is over, and over the coming months, we will see just how good the portfolio actually is.

I'm expecting we will get of to a strong start with APTA and El PANTANO. Then we have GRAND PEPAS and EL CEDRO waiting for their turns. Crazy value underneath 20p.