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Looks like the chart is gearing up for imminent news, with a bullish consolidation unfolding (as part of wider C&H/base breakout pattern). The RNS should be the catalyst for the initial breakout. If it arrives next week, that will be very well timed because new ISA allowances kick in as well the following week. Hopefully, only a few more days of patience is needed from here and the share price will start to motor. All imo and GLA

I remain of the view that it is placing overhang that has/had to be cleared as the most likely explanation for this selling, and not just the usual profit taking from shorter term traders. There is plenty of time for the share price to rise from here and into Pepas drilling. And better to have the largest sellers out early, so that the next rise is more likely to be a sustained one, rather than (another) spike. It's a VERY strong buy case here based on the following:

1) Trading at yearly lows;

2) A small free float;

3) Very strong and rising POG for 2024;

4) Virtually guaranteed to get positive results from Pepas drilling.

5) Fresh ISA money coming in after 6 April.

So for me it's just a case of seeing where it now finds its new support/base level and accumulating at these cheaper levels whilst you can (throw the kitchen sink at it). I doubt very much this will be trading at sub 4p for any great length of time between now and commencement of drilling. All imo and GLA

I'd like to cash in my overnight 30k profit, but it won't let me 😉

A lot of placing shares are flipped for a small profit, so I suspect a lot of the selling we have seen is placing overhang. It won't be the warrants because they are not in profit yet.

There's not been any opportunity to clear the placing overhang until this week. With the volume traded, you would think that a lot of the placing overhang will have been cleared. Price just needs to set a new floor for buyers to work with and any remaining sellers to exit i.e. consolidate the gains, which it does seem to be doing. Overall, it's really hard to see this trading at anywhere near 4p by the time Pepas drilling comes round.

Anyway, let's see what tomorrow brings and GLA!

It's only a matter of short time before shares in the upper 3s get taken out, but who cares whether it's today or tomorrow, or next week, as there's plenty of time ahead of us. If BG has his way, OMI will be drilling at Pepas in less than 6 weeks' time ("early May" is what he is aiming for). You would expect this to rise incrementally each week between now and then. Already knocked on 4p today and volume is very high.

It's bounced back reasonably well from the 7s. Dare I say it, the chart is looking constructive. We just need the RNS now to act as the catalyst for a big push up. Early April is always a good time to release positive news as there will be fresh ISA money looking for a good home as well. Will we get the Energean approval first, or Loukos update? Both together would make for a bumper RNS. Not long to go now and GLA

Anyone else keep getting quoted above the Ask?

Company continues to be saddled with debt, dilution and warrants. Nowhere near the type of financing that has been promised. Just have to hope this is part of some coherent plan, rather than just emergency reactionary financing!

I think price is just consolidating after the initial first push, setting a new floor for the next push up, which I suspect will involve taking out the remaining stock in the 3s. (Are there placing shares to clear as well?)

Take what you can in the 3s whilst they are still available. These prices will soon be history.

There's a gap fill at 6p to 6.7p on the charts. I said yesterday that volume today might well surpass yesterday and that's looking to be the case so far. Added some more on the bell. I suspect there might some tree shakes on the way, and hopefully also some more orderly pullbacks.

I think 6p to 10p going into Pepas drilling looks about right on the chart. But this being AIM, you never know. Buying at these lower levels is a no brainer. I'm sure I'm not the only one thinking I should have taken more in the 2s, and looking to add in the 3s and 4s whilst it's still possible. This has to be a longer term hold though. All imo and GLA

SO much to look forward to here in Q2. I think they will get very good results from the initial drilling at Zim, because they have been hinting at this. If they also then hit copper at Karakubis, then it's off to the moon!

Positioning at sub 1p is the smart play.

The chart and situation is indeed very He1 like! Although I suggested 6p on confirmation of the deal at end of April, I can actually see this reaching 6p far quicker than that (and even this week if it takes off tomorrow - as I suspect it might), simply because it moves very fast and 6p is still cheap as chips for OMI and pre Anza drilling!

The chart looks very appetizing with various levels to go for. It looks to me like 6p is the first major level to target before the deal is finalised at the end of April. After that, the skies open up and it will be the Anza express once again with drilling results and rising POG dictating how high and how fast this goes. Only 200m shares in issue as well.

This has got to be the top choice for anyone looking for a junior goldie on AIM. It's not about today, or this week, but the next 4 months, which if Anza keeps producing those world class holes, will surely mean that this will bounce back really well and multibag a few times from these levels.

Expect interest to grow stronger here, as the news filters through. What price will it close out this week?

3.5p incoming, will it be today?

It's the fact that drilling will commence immediately upon completion of the deal. That means guaranteed positive newsflow here for at least the next 4 months and beyond. Plenty of time to power a big move up in the stock. Might even get the first bag before this week is out!

Market's not going to bother waiting for any confirmation, not when all the sub 3p shares are being scooped up. This will multibag into Pepas drilling!

Must be some news brewing. Some large buys an 0.89 paid as well.