Member Info for Legalwolf

GEX will have some volatility because there are shares to be offloaded from the IPO. Nowhere near as many as with HEX though. The float is also tiny (around 60 million shares when you exclude the locked in shares). So I've put an initial chunk in and will just add to that in the coming weeks.

One of the mistakes I made with HEX was not buying enough at 10p before it ripped up, and so I ended up having to chase it a bit. So with GEX, I want to make sure that I have a decent amount in whilst it is in its first trading range, and then add more when it breaks out.

A discovery by either HE1 or HEX will really help GEX (and likely turn it into the biggest winner of the lot). The flip side is that if they disappoint, that might dampen the enthusiasm for Helium plays on the LSE. But MSMN have led the charge well so far.

No they haven't. They have said use GDR if lab not available. Lab is not readily available. That = GDR kit.

Anyway, it should be clear to anyone reading this bb that you are de-ramping and therefore won't countenance anything positive said about the matter, so no point engaging in a dishonestly motivated discussion with you.

People are adults and will be able to work out posting agendas and FUD posters for themselves. Cheerio

Why will they use the lab test first when it's not as readily available or as timely. If you can't answer that, then you are plainly engaging in FUD? Have you not read the consultation documents where the concerns about lab availability were raised - I think including by the labs themselves?

That's FUD. They have the NICE recommendation and so let's see how the sales team do now. It's also not something that needs selling as such, but has been mandated by NICE. It's more a case of NHS Trusts putting their orders into GDR for the tests, once the news and NICE recommendation filters through the NHS.

The NICE recommendation has now been made in final form and is now a legal requirement for clinicians to consider the GDR test. All imo and dyor

Those that seek to downplay the news are engaging in de-ramping and FUD. The labs are part of the publicaly funded NHS, and so they are always going to be the first port of call for NICE. The reality is that they don't have the capacity or the speed to provide timely results for stroke patients. What NICE have effectively directed is that in this scenario - which will be common - GDR's test should be used.

Therefore, most clinicians are going to opt for GDR's test. This will be even where a lab test is available, but the result isn't going to be timely. There is no question that when all the seminars are done up and down the country about this topic, that the fact that GDR's test is the most timely solution of all won't be lost be lost on clinicians. There will likely be a general understanding that GDR's test is really the best option.

Anyone arguing otherwise needs to tell us why it won't be, and why the lab option is better and going to be chosen by most clinicians when the NICE guidance doesn't tie them to any option?

If they don't conclude the deal in August, this is going to break to the downside and into the 2s. That's a near 50% drop just from here. Then OMI still has to get the fund raise sorted out - it's been 6 months since the last one which was for a meagre £500k. What price will that be done at?

Very high risk to reward, but becoming ever more skewed towards the high risk scenario playing out so far imho.

Come off it BT - you are being extremely naive if you think OMI enforcing the agreement as you see it, won't trigger legal action. I mean, MMA have only spent £40 million on the project, and they aren't just going to allow OMI to walk away like that. Why do you think the current process it taking as long as it is, and that the majors are putting in conditions and royalty payments into it. So there's no possibility of walking away/enforcing, without the other side then taking legal action to stop that.

As I say, if there were to be a RNS to say that the parties are in a legal dispute, it won't matter which one is plaintiff and which is defending, the sell button would be pressed en masse and the share price would tank. That's my point

There's folk accumulating the stock, which is why buys are outdoing sells. As a few of us have said already, the drop is being overhyped on here.

Remember, MOST sellers at these levels are now already out. It will be mostly stickier hands on the way back up. As soon as we get the bottom forming, we will get a bottom reversal back towards 4p and that will happen quite quickly I would imagine. Might even happen today, and then we have positivity injected back into this, and the prospect of retesting 5p.

The news that GDR have had is massive. Sales news will come through rather quickly. No way is 3.5p fair value for where the company is right now. All imho and dyor

Yes, a decent size cup as well. If we a get a decent breakout from this handle, then the next move up will take us into the 2s. Most of the free float here is very tightly held between PB and BOD.

I think KAV are building something special in Zim, and expecting some bullish news re Nara results and expansion of KAV mining. BT has been hinting this in his recent interviews. It will be well timed with POG about to breakout as well.

So constructive chart pattern for both the stock and the commodity. What's not to like. All imo and GLA

BT - my post was about OMI taking legal action, which is what you have been advocating. But regardless of which side took legal action, it would tank the share price even from here (OMI has traded below 1p) and also destroy the company's prospects of getting funding from the market for their salaries. The legal action would, as I am sure you will appreciate, potentially drag on for some time - much longer than trying to agree a deal. Therefore, it would be like turkeys voting for Xmas so far as the BOD are concerned because they would have to cuts costs including their own wages. It would also be very bad for shareholders, worse than at present. So taking legal action is not a realistic or sensible shout imho.

Double top formation on the chart, which if this deal doesn't come through soon, is going to take this into the 2s.

Better hope there's enough money in the tank to see them through to conclusion of this deal AND pay for the drilling. Otherwise the next raise is going to be a very painful one.

At least POG is strong, but just a great pity OMI can't benefit from it. All imo and dyor

Also increases their legitimacy and ingratiates them with the authorities, which is a smart move in Zim no doubt. Gold doing well and so next week will do nicely for another positive set of gold news.

Friday RNS are not always good news so relieved. Big RNS coming up on Monday/Tuesday one suspects. Will today be anticipatory Friday FOMO?

Cynic in me is thinking that legal action is unattractive because it comes with the sure tanking of the share price, making it extremely difficult to impossible for OMI to raise money for salaries and legal fees during a potential 2-3 year court battle. This way, they still get funds from the market to keep at least a lifestyle company running for as long as possible. All imho

When HE1 got to 27p the market was the strongest it’s been in recent years. Having said that, it did also do 0.17p to 3.5p off the back of its last drill.

The Helium market is now much more competitive with HEX, He1, MSMN, GEX etc. So the helium money is now much more spread out than it was only 6 months ago.

Do any of you know whether EWT results are instant and obtained onsite or need to go to a lab?

What if this is all part of the strategy by the majors to run OMI to the ground by haggling over small details. Alternatively, can we be sure that the parties will even reach agreement?

Confidence of deal being completed is slipping away.

Come on folks, be reasonable and fair. We are all entitled to be hacked off with not only the delay but also how it has been handled and communicated. First BG sets totally incorrect expectations by saying deal concluded in April. Now in August can any of you actually say whether the deal is with the Regulator or is still in negotiation between the parties. It’s shifting sands comms.

I mean assuming the parties reach agreement, will it then have to go to Regulator?

It’s all this uncertainty that leaves people rightly confused and frustrated.

I still think we just need to find a floor, and once folk can see it, then it will give them the basis to add or buy in. It's human nature to want to get the best price, or not to buy if you think the price is falling and might be cheaper in a few days. Or that MM/Peel are playing silly with this. Whilst getting the best price will be a key part of a trader's strategy, I would imagine that it is also a relevant factor for some LTH who want to buy or add here. So it affects most buyers.

At the moment, the way price has moved around a lot and very quickly, (or the way MM have moved the price around) during this consolidation/ranging pattern after the run up from 1,5p, means that we probably just need to see the new higher support level form and do so firmly, and we can then start the next move up from it.

We've hit this 3.7/3.8 a few times now, and so maybe this is the new support floor. If so, then once that becomes clearer to all (inc the MM) we should hopefully be all systems go again for the next move up.

You often get a shakeout just before another move up, and hopefully this is one of those situations of letting profit takers/sellers out, and once they are cleared and all the cheap supply is taken (as signalled by a new support level), then it's back to buyers in control.

Hopefully tomorrow will see a bounce, firmly establish the new floor, and then buyers will reclaim the initiative here. But who knows what might happen on AIM. All imo and GLA

Great post Gloria at 11.45. The GDR test is going to be used by most clinicians because TIMELY patient care has to come first, and morally, ethically and indeed legally, they will go for the POC test if there are any issues with the lab. They won't take risks with stroke patients, and there is no need to take those risks either. Indefensible to do otherwise.

It's now testing the previous support level. We could do with an update next week on progress. The deal with PC is the only thing holding production back, as MB has said that production will be delayed until there's agreement with PC.

If we can at least be told that PC deal is very much on, even if it's going to take a bit of time to get over the line, that would re-assure the market I think?