Member Info for Legalwolf

Bottom line is cash is needed or highly likely to be needed. Until this isn't resolved, or some other major positive lands, can you really see strong enough buying here to lift the share price and to make it worth buying right now?

Risk is you buy and then 1p placing news lands. That's still a big instant loss. Much better to wait and see how it all plays out. After all, it's winter shutdown so not much gonna happen anyway.

Yesterday's RNS barely created more than a whimper, and today you have sells coming in again. That's what happens when you have repeated dilution at these levels. It just acts as a drag. Expect more of this once the placing shares land next week. Needs some truly MAJOR news to lift through all that, as opposed to another spike at best.

These were meant to be the stellar announcements as well, but market has just not responded, and that has to be the lack of near term share price returns on offer here right now, which you can ill afford, esp in a bull market elsewhere.

Absolutely brilliant news. "More updates coming soon" means RNS incoming. So that's the last hurdle cleared for the permit. Game on for December folks!!!

I have filtered him today. Not something I like doing, as believe in open discussion, including positives and negatives, and wanted to give him credit. But he has shown his true colours this week, talking this down again during a positive period, showing that talking OMI down is the only agenda he now has, regardless of whether it fits with reality or not.

Also noticed how him and Johnny posted the same negative drivel within minutes of each other this morning, which just makes you think it's multi account trolling, or maybe they have hooked up and it's the first thing they could think of doing whilst waking up together this morning?

Totally nailed it there. He loves the attention and this BB gives him his purpose. But to be honest, who cares as he has zero influence anymore, and folk can see that he is useless at calling this share, and that's going back to when he used to predict it was going to 60p to £1.

So has the longest history here but also the poorest in actually being able to call it right - remarkable that with that record, he still has the audacity to post like he knows what he's talking about. or that anyone actually takes him seriously anymore other than johnny, and even he's suspected to be an alias.

So I agree, ignore the troll.

Bid and Ask already going up. Tells you what you need to know. We won't have to wait for next week, as this will show it's strength by close of play today.

It really is last chance to load up for next leg up. Once buying starts next week, especially if in response to a positive RNS - any any RNS issued right now will be positive, and with most of the sellers at these levels already out, you can forget trying to buy at these prices next week. All imo and dyor

That's totally missing the point, or ignoring it. The issue for any buyer right now is whether a placing is going to put them at an instant loss to the tune of whatever the discount and dilution will be. You never buy an AIM share ahead of a placing.

At the moment, we don't know exactly what revenue MATD have, or when they will secure revenue from sales. What we do know is that they are NOT going to get sales revenue in December and January. It will take at least that long before MRPAM approves the deal. As MB said "then and only then" can MATD apply for the export licence. He did not say that this would be a quick process. So assuming MRPAM approval of deal by January, i'd say add in at least another 6-8 weeks for export licence - as MATD knows only too well, nothing happens quickly in Mongolia, at least not for MATD.

So that takes us into March/April before sales revenue is generated.

In the meantime, MATD continue to incur operational costs, costs in reviewing Heron 1 issues, Heron 2 issues, reviewing Gobi, and working capital costs. They've taken on extra manpower at Heron 1, as MB referred to. Add to this the forward costs of whatever work programmes are decided, in particular at Heron 2, which as MB said, could involve a second drill.

So it's the finances that are the big question mark right now, until or unless MB says otherwise, or a placing or loan lands. All imo and dyor

Recent tweet stated that there will be more media to follow as well. Fully expect Hamilton/GEX to crank up the volume next month. BOD have put ~ £2.5 million of their own cash into this.

Could be last chance today to get these below 10p, as if or when that RNS lands next week, this will gap up instantly as nearly all the shares at this level have already been scooped up in recent weeks aided and abetted by the FUDsters. All imo and dyor

Not much of a drop so far. Just look at ORCP for sign of what's coming next. Following a similar pullback, it's now 25% up already and it's a dog, but has the herd behind it because it announced decent drilling results on a project it only has 25% ownership in.

Let's see where buyers take this into close today. We might well see the first Pepas RNS next week, and if the herd like the results, then they will jump on board and take us onto the next few legs up here to new highs.

Smart play imho is to add into this low/dip and before you have to chase it back up next week.

Where have you got those figures from?

MATD are not going to get $70 per barrel - so that's overcooked as well. If the only way you can make your point is by cooking up figures, then that tells it's own story. Plus no revenue possible until they get MRPAM approval for deal, "AND THEN AND ONLY THEN" the export licence.

So until or unless MB says fully funded, or just announces the placing, this isn't going anywhere. It's not de-ramping FUD, but just a cold and realistic analysis of the current situation and sentiment.

Chart doesn't lie either and cuts through all the BS!

First Pepas results could land as early as Monday. So getting in/adding more today at the cheapest price available is the way to go imho.

Yes let’s have the breakdown of expenditure incurred since the last raise so that we can all see why no raise is needed going forwards.

Even some of the most positive posters like Thor have acknowledged that there will be the need for a raise. Anyone disputing that probability or possibility is misleading for their own agenda.

He just wants his oxygen of attention again. Sold in the 3s and announced it as well 😂

That’s how I see it playing out. Looking to scoop up what I can today for December’s big run up. Buy the Dip as they say.

Tell us exactly what funds they have then?

Seen it before with these back to back placings. City boys will kill it again. That’s why last one was immediately sold off. Knew this one was coming so have likely forward sold it already. All imo and dyor

Multi account baddies are back. Please do flog so the rest of us can scoop up. More than happy to load up at these levels as this has barely got going. Real gains to come by Xmas.

Could be last chance to get in at sub 5p levels today. I’ll be adding some more and then over to Pepas results to put a rocket under this. Will it go crazy today into the pm and close?

Yes RNS should land on Monday. I’ll be adding today and then letting it ride into drilling. Mount Winter ratification could land at any point in December as well. Big month coming up here and hopefully a big rise. GLA

Yes, we haven't even broken out of the primary base yet - that will need a move towards 7p. The thing with OMI is, most of AIM knows it can go and usually does go a run when the going is good. So you get that confidence and feedback loop and the whole thing just drives itself. Once you reach one price level, the next one just opens up as almost inevitable to be reached next. The positive gold grades just help ensure that the positive sentiment and buying remain strong.

Newsflow will likely start to land from next week, so we have that potential rocket fuel this time round as well. We have reached 5p with little fuss, that it's hard to believe that the next level of 7p isn't going to be hit during the Pepas drill results landing. All it will take will be one bonanza hole and suddenly you are thinking multi million ounce prospect in the making, and one of several at Anza. Then you start thinking ridiculously mcap and can see the value proposition as well. Then you end up in double figures in terms of the share price!