Member Info for Legalwolf

Not surprised - there can't be very long now to accumulate. As I said before, once all shares are taken up below the 9s, the next level is basically the breakout!

That was meant to read "mean".

Furthermore, why have you only started posting excessively around your recent trading? Why did this share not cause you to post so much when you were in it? Your approach and the timing of your posting on here, all smell of someone probably talking the stock down based on having exited it, degree or no degree. Do you have one in good ethics?

Having a geology degree does not been you are unbiased, or protected from bias. It does prevent one from taking an overly positive view when in, or an overly negative view when out. What is the basis for the claim that management have misled? I've never regarded BG as someone who spins - quite the oppposite he usually pours water over getting too carried away. For example, they were asked if they already had a discovery at El P - their response was not to spin the possibility, or to start talking about the possibiiliy, but a clear "no" and not to get ahead of ourselves. BG often talks about the risks of exploration and the low odds.

Based on that logic, the price should never have hit 41p, but it did. This is what happens with explorers. It's about discovery and potential. Even when a discovery is made, it's then 'how big could it be', 'will there be others nearby', etc, etc. This is what drives sentiment with explorers.

For investors/traders, when the price hits our target price, who cares whether it's a fair price or not. If 41p was my exit target price, and I bailed out, would I be sitting here caring whether it was fair mcap or not? Would I heckers. I'd be saying 'this is exactly why I chose to invest in this explorer'.

People don't focus on the important stuff and keep their eye on the ball. Even traders, in fact particularly traders, don't care about fair value, they just act on what the share price is actually doing, and where it is likely to end up.

FOMO doesn't stop and then do calculations in the middle of a move. It's more impulsive, greed driven

Let's be honest, most of us were hoping for a higher MRE. We had some stonking drilling results, and you always hope for the better than the baseline in these circumstances. Why wouldn't you. Recently, another share I am in big was expecting a DFS. There was talk of $1 billion NPV, not dismissed by the CEO. I posted that I would be happy with anything north of $650 million. I would have been happy with that, but that didn't stop be hoping and posting for $700 to 800 million. It ended up as $1.1 billion.

So it is normal and natural to have higher hopes and expectations, so long as they are within a reasonable range.

Obviously these are just our personal musings. If you are looking to buy the project, it's only going to be because you see the compelling economics and the future upside. Likewise if you are looking to fund the project.

Both sets of parties will need to factor in that BRES has (or might well have) strong interest and multiple options and interest. That BRES will obviously be looking for the best terms it can get and will go with the best offer. So are such interested parties going to waste their time making offers that aren't competetive and will not be accepted? It costs them time and money to research the project and make theirs offers.

As I said earlier, once the bottom is firmly in, we will get a green candle signalling the end of this retracement. Whether this happens simply on the technicals, or will need some positive news updates remains to be seen. But regardless, both of these (a bottom and a RNS) are nigh.

For those with spare cash, lucky position to be in really. No different to the de-rampers, you can also get your lower entries like them.

For those out of cash, we might even selfishly welcome another consolidation/lull in the share price, so that by the time we do have funds again, we can also nab some cheap shares. So win win!

Ultimately, the game and equation for success has not changed - this is all about discoveries and adding ounces. So long as OMI has this kind of exploration success, it WILL have share price success as well. There will be placings along the way, but again, so long as these are managed well and timed well, and support the discoveries, it's all good.

Have to be honest with yourself about whether you are truly in it for the short term or the long term. If the long term, then you have to have some genuine belief and conviction, which in turn will give you the stomach for the fight, and endure periods like this. If you don't have that genuine and firm conviction, it will be easier for naysayers to shake your confidence and get you KO'd at times like this. That might not be a bad thing if it saves you the angst and your money goes into something you do believe in. This also benefits LTH, as the more shares that go into stickier hands (to believers) the better all round.

It's definitely going to be a western supply chain and funding deal - MR has already confirmed this and is re-orientating the project in that direction. Things should start to roll once we have the upgraded JORC.

Regarding project development v sale. I suspect both options are on the table. Both will need the upgraded JORC, to demonstrate the value and upside, and thereby extract the right deal. I'm comfortable with either outcome but it's all about the final terms. A sale offers instant returns, whilst production offers share price gains, growth of the company and future dividends, but playing out over a much longer timescale.

"He has an opinion on where he feels the share price is going which is fine as long as it is backed up."

He must have upped him game then. Because before I filtered him, he would never tell you where the share price was going ahead of the event. It was all hindsight stuff. If you scroll back to when this was trading in single figures, he was talking down suggestions of this going to 20p, or 30p. Lots of posts from him pouring scorn on such suggestions. As we know, this went to 41p.

"I agree agray. It does appear every time that Sein writes anything it is just shut down. If he wants to make up his trades, let him."

If you accep that he's making stuff up, why do you expect others not to shut him down? That doesn't make any sense either!

"All he has said is take some off the table when you can and if you want buy retraces."

If you're going to come on and defend someone, at least take the trouble to understand their full history. You will realise that he's said a lot more than this and hardly ever praises the company. It's all ego, validation, told you so's, hindsight trading revelation and maths defying performance with his average. At least it was mainly this before I filtered him, but I appreciate that he might have changed his approach since then and upped his game.

Listened to the recent interview with LC - the one thing that really stuck out and should make us all realise how valuable our shares are, was LC saying that there is very strong appetite out there for OMI shares. They are getting calls all the time offering them money. That's why so much effort is going on here to get those shares. Also, since the last placing, the MRE has now landed and confirmed PEPAS as a cash generator for OMI. This fact won't be lost on the more production orientated investors.

Now the story switches from the MRE chapter, to the exploration chapters. Now we see what UPSIDE this fantastic portfolio generates for us over the coming months. Now the rest of the story starts. And this looks like the bottom price zone you will get for this next stage of the journey.

Not me. Agree with the general point that the more transactions we see in this sector, the better it will be for Orom Cross, because it has standout economics and better than most of its peer projects. This fact won't be lost on the funders in this space.

One question i'd love MR to address is that if TESLA's existing deal with Syrah has had various challenges and multiple extensions to deadlines, have BRES sought to have discussions with TESLA and/or other similar companies. If so, the responses. If not, why not?

Meanwhile, looks like remaining supply below 9p is now being taken out. After this folks, it's breakout level next!

Sentiment changes in a flash. There might be fud one moment and then the very next thing a green reversal candle forms signalling that the low is in, and then it’s a case of how far this recovers.

If the bottom is not already in it’s only a matter of short time now.

Yes, fresh supply of sub 6p warrants are now the only factor that will prevent a breakout here. But let’s see what happens- no rush!

Struggling to reconcile the fact that the share price is within touching distance of all time highs, with the idea that the market is "waiting" for news. If the share price is any barometer of the market, then it looks to me like the market is "anticipating" the news and is prepared to move on that anticipation i.e. ahead of it.

Another way of looking at this is whether we really see the share price bobbing around here for another 2/3 months for funding news? Is there going to be enough supply, and for that period of time, to keep this from breaking out? Maybe there might be if there is another avalanche of warrants to get through.

But otherwise, we are on the verge of making our highest ever WEEKLY close. Whilst I have been mentioning 10p, the breakout is probably much lower than this and we are very close.

Therefore, will we wait for funding news for it to happen, meaning all the news that comes before then won't even shift this into that breakout territory which is almost upon us? Hmmm....

Https://x.com/baroninvestment/status/2023675415303196791

Knows his stuff - has spoken the facts!

The big question right now is whether this breakout will be triggered by news, or will it just happen anyway simply because of the situation on the chart.

So whilst boring at present, when you look at where and how we are trading (and the background circs), the reality is that any day now, we "could" just get one trading session where this just decides it's had enough prep and waiting and just flies out of the traps. Not saying that's how it will happen, and we might have to wait for a RNS, but it could just go!

For those waiting for offtake and funding news, or until fresh ISA allowances in April, what do they do if this does just break out ahead of all this? I suspect that for many, FOMO will set in and force many of them into action.

But for those already positioned, don't need to worry about any of this.

You only have to look at the chart to see what might be described as an actual or potential 'change of character'. Just switch to the weekly and take a look at the bars on the way up, and volume that has come into the stock during this current leg up (slow as it has been). Then factor in that during this leg up we have had to endure placings, large shareholders selling out and huge amounts of warrants. Therefore, all said and done, the performance of the stock either side of the DFS has been incredible and a real show of strength. You could argue that we have seen the initial re-rate (or change of character) already.

Sticking to the weekly, we can see the large trading range that goes back to 2021. A multi year Base. These base breakouts (especially for new stocks) lead to some of the most powerful moves up. I guess this is typical of what you would expect to see in a new stock re-rate. IF or when we do breakout of this particular pattern, the odds are that it will be a powerful move up simply because of the steady slow build preparation that has gone into it - the amount of fuel that is going into the tank.

So whilst we rightly discuss the fundamentals and how strong they are, we have an equally compelling if not more compelling technical situation emerging before our very eyes.

As for the share price, which is obviously the driving force behind the fud, and the emotions it seems to generate, just accept that its going through its haircut phase once more. We've seen 50% drops before - a few times. We are seeing another one. Big deal - what happened after the previous sharp drops? Price found its feet, consolidated and then shot up once more.

So let it find its feet, if you have spare cash then buy more shares (like the fudsters are busy doing), and position for the next move up.

Do you seriously think that will ALL the newsflow to come here that there aren't some moves up to come here, and serious money to be made? Of course there are, which is why the fudsters are here in the first place. Don't over complicate or over think this - it's the game and natural order of things (good and bad). All imo and GLA