RE: RE: Brad George Broadcast Interview29 Oct 2024 18:24
Interesting discussion folks. I think what's missing from it, or what I would wish to highlight, this being an AIM stock after all, is not to underestimate or overlook the role that "sentiment" is likely to play here. Most of us are 'in and around' OMI because, whether we openly admit it or not, we see the "possibility" of making some money on this share, especially from these lows. Yes, there are potential hurdles in the way of this happening, key ones being finances and hence dilution.
But "sentiment" is fickle and not always born from logic and common sense, and is just as easily likely to ignore these obvious risk factors, as it is to be dampened by them. Often on AIM, the 'in the moment' exuberance and FOMO are the main drivers of a big move, not some kind of more considered risk calculation of dilution ahead.
Hence, all it might take here is for this to tick up into the 3s, and then, especially with a rising POG, the doubts get replaced with with feelings of FOMO on this Pepas drilling campaign. And then the next thing you know, the stock starts to move towards the 4s, and then the brakes starts to come off as the FOMO takes over. This is often how feedback loops develop on AIM stocks and fuel a (often temporary) big rise in the share price.
Of course, I have no idea whether OMI will make such a big move up (define 'big' however you want, but for me even a 50% move is a big move up!). But in my experience of the AIM casino, there is every chance of such a move happening here, notwithstanding the more longer term hurdles that people have identified. All imo and dyor
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