Member Info for Legalwolf

Nice one Mercedes - any links between you and Kilcona, who is also banging the OMI drum to various HNW contacts?

I added some more today, and will be doing so again tomorrow, as I think the opportunity to get in below placing price will be gobbled up very soon by the looks of it. And if PEP19 lands some high grade as a step out, then all bets are off. All imo and GLA

Everything was fine with DEMIRS according to the RNS on 20/12/24. The only issues at that stage were with GEX not being able to get Reports in due to the bad weather. That RNS also told us that DEMIRS was closed until 3 Jan. Then we had a RNS on 10 January, saying DEMIRS now want an expanded EIR. So when exactly did DEMIRS move the goalposts and inform GEX of this? It must have been some time between 3 and 10 January?

How can we be sure that the goalposts won't change again?

Why is there no evidence of an application on the portal?

These are some of the questions that GEX need to address to restore buying sentiment and confidence. Personally, I would wait now to see whether/what impact there might be when the lock in period comes to an end. You really don't want heavy selling during a period when there is not going to be any new newsflow.

So I think GEX is far too risky right now, and one to revisit if or when the permit application is showing up with DEMIRS. All imo and dyor

Bid gone up - could be the last period to get in dirt cheap and below placing price before 2025's run up, however high it might be (hopefully). GLA

I've taken some more - rude not to really at this price! Gold on the way up, so only a matter of time before this divergence between POG and gold juniors closes imho. GLA

There's more than one way to make money in stocks. That's why you have day traders, swing traders, position traders and investors, algorithmic traders, etc. I don't think any one way is better than any other, because it depends on the person in question, their knowledge, skills, experience and personality (amongst other things). It can also depend on the stock in question, with different stocks calling for different approaches at different stages, etc.

So long as we are each making money using our own approach, it's all good. That includes those de-ramping the stock for lower entry. Or those de-ramping because they totally messed up their last investment and have become bitter, like a jilted ex. All of the above are part of what makes a market. GLA

I've added Johnstoneo to the filter bin. I suggest those interested in genuine discussion do the same.

Welcome Kilcona and appreciate you bringing your knowledge and experience to this bb, and initiating some actual discussion, rather than the egotistical schoolboy antics we have become accustomed to.

Personally, I believe the share price will move with the market in the first instance, and then outperform it if the marktet and sector are bullish. I'm confident that OMI will deliver the goods on the pitch as they say.

There might be the odd and short lived rise over the next 3 months, but otherwise, this is going to slowly get sold off. One can only imagine what might happen when the lock in period comes to an end as well, at the end of January.

You see, with the last update, GEX have basically killed off the possibility of any positive newsflow for the next 2-3 months. They can do interviews in that time about the potential at Hussar, sign non binding deals, announce new projects, but the bottom line is, and buyers know, that nothing good can happen here until the permit is granted.

In a month's time, the CEO can come out and announce a second site visit, but who cares? That site visit could then be followed by another delay. So as I have said, the market is only going to buy into this when they have the permit granted. All imo and dyor

None of us can say for sure. The share price here will not be dictated solely by what OMI does. There are also other equally important considerations. Firstly, there is whether we will be in an overall bull or bear market this year. Secondly, there is whether gold will do well again. If both of these are negative in 2025, then it will directly impact on OMI's share price performance, and performance across AIM juniors in general. We have seen this in the last few years, where last year was pretty good on AIM, whereas 2023 was difficult.

If/as soon as the market picks up again, so imho will OMI (if the results continue to be "exceptional". Therefore, if you believe that a market reversal will happen, now is an excellent time and price to position for it. If you don't, then sell up or move to what you consider are other better opportunities. No point arguing with strangers on the BB all the time about it. The only ones that do this are traders looking for the lowest entry, or bitter and jilted ex holders, or trolls of a different type. All imo and dyor

KR - I believe GEX does not operate an employee model, but runs on a contractors model i.e. all the work and services provided to run and operate GEX are contracted. Nothing wrong with this, but then it allows Directors to make out they are not taking much or any salary, whilst they then take out much more as contractors, usually via companies they have setup or are affiliated to.

But I will try to stop sounding like the bitter and jilted ex, although it gives me bad vibes now. A bit like I did with HE1, I will now go into day/swing trade mode with GEX, but not treat it as a serious longer term hold.

Dr R - they aren't going to stop winding you up. They have been doing it for at least 6 months. Over the next 6 months, they will keep winding you up at every opportunity, namely, when the share price is not going up.

They are winding people up because the share price has not gone up to 8 to 10p. When it does go to 8 to 10p, rather than have grace, they will wind people up again because the share price has not gone up to 12p.

And so on and so forth.

I'm not worried about OMI at all. 2025 will see OMI continue to deliver "exceptional grades" which will be accompanied by "exceptonional" share price returns from these levels. But at no point will the naysayers be content and stop the bs negativity.

Santa reaped what he sowed - although I suspect he/she is a wind up merchant, posting on here with various aliases and pretending to buy and sell, but really just trying to wind up posters to reply to his flip flopping. Either boredom or some other issues.

No one is going to buy what this company is saying, or buy its shares. At least not in high enough volumes to stop the downward trajectory. There might be the odd decent buy here and there, but you are not going to see a herd arrive here, not until the drilling permit is granted, which we know is at least 3 months away.

It could fall to 4p next month, and I still wouldn't touch it, because I don't know whether more bad news or delay around the drilling permit would then cause the next sell off to 2p. That's what/where GEX is right now.

I don't get why they need to submit an extended EIR when they simply want a permit to re-enter Hussar. Also, they claim to have lodged reports with DEMIRS, yet nothing on the portal.

Regarding the investment from the Directors, I would want confirmation that the money has actually gone into the company. Do we have that? Oddly, although they claim to have updated the significant shareholders website page on 9 October, it still talks about what will happen 'on admission'. Then I recall that when the last accounts were published, did they actually confirm that the £5 million IPO placing money has actually been received?

I think we all have to factor in market conditions right now, as very few shares can go on a sustained up move when the market is depressed, unless their sector is one of the outperformers. OMI would already have been around 8-10p if the broader market wasn't so bad right now. The results have been exceptional, and the kind which in normal market conditions would cause big moves.

But hopefully we are just experiencing a correction, and the Bull market will resume, probably around the inauguration. There is churn to get through as PP has alluded to, but the overall trend and pattern remains bullish. Just need the market, or Gold, to reverse upwards.

You have said that a dozen times - and yet you still reply everytime. Are you okay?

The delay is not "only 2 months". It's more likely at least 3 months and counting. Firstly, it's 60 days to get the application in - assuming they do everything on time, something they have not managed to do so far. After it goes in, DEMIRS have to process it and accept it. And, as YOU have pointed out many times, DEMIRS can take weeks to months to process applications. Then they need to hire a Rig and Crew and mobilse to site.

Assuming it's all legit, you are more likely looking at early summer for Hussar re-entry.

Santa - tell us why we should no longer check the portal, after you posted the portal on here as an essential check before believing and buying into GEX?

No, I sell because the longer you are in a scam, the more you start to realise it.

There is NO WAY I am buying these again without checking the portal like you suggested.

Why are so against checking the portal, days after repeatedly telling us that we should check it for the truth?

I think the whole thing is starting to appear like a share trading racquet. It's either:

1) A ruse to sell shares, after which there will be no drilling.

2) A genuine project, but which is being newsflowed in a way that is assisting pump and dump action, at the moment downwards, but with a view to reversing it upwards on good news.

3) A genuine project which has just had bad luck or understandable delays.

Don't think it's 3, because it doesn't explain the shifting sands RNS. All imo