Member Info for Legalwolf

Gold breaking out to new ATH. What a time for KAV to be releasing golden news to the market. 1p finally on the Ask.

I doubt warrant holders will be selling at the exercise price. Not with the news and developments to come here. I would expect them to sell at a much higher price.

Gold looks like it is breaking to new all time highs. Couldn't have timed it better here. April will be a rip roaring month for OMI. This has to be the goldie of choice on AIM for share price potential from here.

Thanks Ice - GMET has been on the radar for a while, so it might be worth taking a closer look.

I think it's falling for the same reasons that were given following the last update, namely:

1) Not returning to operational activity until Q3! That's a very long wait on AIM.

2) They are likely to be raising again in order to pay for the EWT. At what discount?

These are currently the key fundamentals. Now the rampers can spend the days and weeks in between now and the above events talking up the various positives that there undoubtedly are here, but if the aim of the game here is to make money, then surely waiting until they are fully funded again is the optimum time to buy again here. Otherwise you are just sitting duck for the next fund raise. It's not really that complicated and no surprise the share price is struggling right now, as most people appreciate the above realities. All imo and dyor

Worth listening to the interview again - it's that good!

https://www.youtube.com/watch?v=9a1sFDBvRc0

I haven't followed the IPOs in any great detail, so I suspect the below remarks will be unfair, but it does seem to be the case that the IPOs themselves are also progressing the projects they inherited from POW very slowly. It's almost like a family of tortoise have been created here, with POW being the slowest moving one. Take GMET for example, is it any closer to getting grant funding from the US? What about the others in terms of how close they are to a commercial discovery?

Just take a look at the weekly candle and the volume. When you factor in how much placing overhang there has been to clear as well, then it's clear that this is going to BOOM!

This is gearing up to be the top performing AIM goldie next month. Whilst most of us are expecting a RNS towards the end of April, imagine if we get an RNS in early April, giving an update on drilling plans. Also, BG has said he will be doing a webinar on Pepas. Hopefully there will be lots of media and tweets throughout April and May.

LOTS of money still to come in here. Only a few days left to quietly accumulate under 5p.

I see that it went to 5.7p as recently as January 11, and that was before it was confirmed that Anza was coming back to OMI, or the timescale for the deal. The only reason it hasn't got back to that level already is that since then, we've had the placing and its overhang to clear.

I'd say it's almost inevitable and a no brainer that it's headed to 5p again now. All imo and GLA

Well it looks like it's not going to wait for next week to close in the 4s, but will get there today!

I don't mind the share consolidation though. I think the reasons provided for it seemed reasonable enough. It might appeal more to new investors to have less shares in issue, better enable the share price to gain traction and have less volatility. But let's see. GLA

I agree with PFG on this one. I think the market is waiting for results in the form of an actual commercial discovery, whether that is through POW's own projects or through its spinouts. The IPO model in itself has not yet demonstrated that it will drive POW's share price and hence provide a return to its shareholders. I'm not convinced that the upcoming IPO will do so either. Furthermore, if the first commercial discovery comes through one of the IPOs, it remains to be seen whether that will benefit POW's share price, as opposed to or as well as the spinout company that makes the discovery.

The business model here is simply not gaining traction. Maybe it's too sophisticated for the average AIM punter. I do fear that adding projects like the recent announcement re Saudi is just going down the same old road of using up more precious cash for little return or recognition.

I'm not holding out much hope of getting back to my average of 2.3p (pre consolidation) any time soon, but not completely giving up on that either.

I think we just need to close above 3.8p today and that will be a great first week. Then look to close above 4.2p next week. I think there will be very strong interest in OMI throughout April and May. You would expect the share price to rise each week during that period, as OMI goes into a new and nascent uptrend. Not going to make any price predictions, but imagine if it takes off again like it did in 2020. With gold at ATH, if we get world class results out of Pepas then who knows? GLA

Positive either way in that if it’s a sell, it’s another large one out of the way. These large sells do smack of placing shares being flipped out. Can’t be that many more left to go and as I said earlier it’s better to get them out of the way now than have such large sells around when the big news starts to land here. All imo and GLA

Warrant holders have just under 2 years to exercise. Therefore, you would expect them to wait for the share price to be at much higher levels before exercising. So I don’t think there will be a massive wall at 4.3p. Or nowhere near as high as this placing overhang.

When did they first acquire their shares?

I think having a pre announcement in the form of the LOI and then the actual announcement in April could work in our favour. In that by the time we get the main announcement we will have cleared much of the overhang already and can go on a OMI style run.

Hi Karl - in my experience, whilst a lot of companies/brokers assert that placing shares are going to "placing investors" (i.e. sticky hands), the truth is often that placing shares are flipped for a small profit. Here, there has been no opportunity to flip the 2.9p shares until this week, hence why I suspect the large selling this week has been placing overhang. But it's just a theory. As for warrants, I wasn't aware that you had to keep the original share in order to exercise the warrant, and thought the two were separate. But I don't have any particular knowledge or experience as to warrants, and will bow to others who do.

Irrespective, I remain of the view that this will bounce back well in the coming days and weeks. Sub 4p is way too cheap for resuming drilling operations at Anza with 100% ownership. I took a few more today and will continue to do so whilst the opportunity presents itself. GLA

Looking primed for a big breakout! Need to see 10.5p paid and then off to the races?