Member Info for Legalwolf

Listen to de-rampers or listen to BG. Your choice. Just look at how many new posters are on here now giving unsolicited advice. Likely all part of the same racquet. As I said, don't fall for their antics, reply under their threads or engage with them. They won't be around next week.

Another great post from BG. Reminding us all of just how unique of a position we find ourselves in with Pepas as a low cost route to quick cash and then using that cash to fund a second bigger discovery.

Exactly what we have been saying. All on the same page! Lots of news to come and bounce very much on.

Yes great tweet from BG. We can see that the newsflow coming up here will be non stop. No wonder folk are working hard to get their entries. I mean once this bounces it’s an easy ride back up.

Good to see the buys landing in the 8s continuing from yesterday's decent strength.

Expect to see more big buys going through. Price is a steal for all the newsflow coming up. Bounce incoming for sure.

Great tweet from BG. They have the resource in the bag and are now looking to move it into production asap. More will be known in a month. Meanwhile a second Rig is on its way to what must be North Pepas to ramp up exploration there. So shortly there will be two rigs turning away around Pepas with a 5 day turnaround for assays.

Then you have El P drilling ongoing at the moment as well. Aero mags to commence shortly at El C and APTA. Also prepping LV. Two more geos hired.

Newsflow is going to come thick and fast with all this going on. 25p bargain entry right now.

Folks can you wisen up today and find your discipline. This bb is being deliberately targeted by fudsters looking for lower entry. They are playing a clever game of provoking you with negative threads and forcing you into replying under those threads. Some of you are playing into their hands in having the constant need to defend the merits of OMI. They don’t care about your response as they just want lower entry.

If you must post a response, then post it under a positive thread and don’t mention the fudsters. Ignore and just dialogue with the genuine folk on here.

You are being played and keep falling into a trap.

Simple truth is that price will find its bottom and then reverse. Once it does these A holes will be gone. So just let them post amongst themselves but when you see a negative thread then just post under a positive thread and don’t let them clog the bb with negative headlines. Thats their game. So obvious but some still falling for it. Discipline needed!

Thankfully all on filter so I don't need to read their gloating nor any hindsight (or is it hind s h i t e?) told you so's.

Can't be sure of that just yet Duster, as we've had a few false starts already. I've been forecasting a big breakout for what seems like a few months now!

But it is looking increasingly likely that we are nearing some kind of resolution to this warrant flush now. I think the market is starting to appreciate that we are approaching a period of critical newsflow (JORC upgrade in March and then funding news) with ever dwindling warrants, meaning the time left to position big into this stock at these bargain prices is starting to run out.

Can't see there being too many more shares available now below 8p. But as ever with BRES, let's see!

OMI upside does not start or finish with this MRE. It is simply one piece of a much larger cake. We have no less than FOUR projects currently underway in some form or another (North Pepas, El P, El C and Apta), and success at any one or more of them will represent potentially significant upside for the share price. As I say, GAME VERY MUCH ON here and especially from 25p. Easy money!

Absolute tosh - they have 200koz at near surface with a CAPEX estimated to be below $20 million. Do the maths?

Also what absolute nonsense about the LOM being halved:

Firstly, Pepas continues to be drilled and will have a LOT more drilling before it ever goes into production. This initial deposit is just the start and with all the exploration to come in the interim, it is highly unlikely that the project that goes into production will a 200Koz deposit.

Secondly, who cares if 200koz are mined in 7 years or 10 years. It's the cash generated stupid!

Complete and utter nonsensical FUD!

Okay, a few people have asked. So this is how I "genuinely" feel about things right now:

1) We have an enviable and world class exploration portfolio, with district scale potential. We are likely sitting on millions of ounces across the portfolio.

2) But it's no good having these projects unless you have the cash (and skill/luck) to drill them and make discoveries.

3) Here, OMI has two key sources of cash. The first is the existing kitty of £13 million. The second is this Pepas deposit - albeit a few years away yet from going into production.

4) The £13 million we already have is MORE THAN sufficient for OMI to make a second and much larger scale discovery. So we don't actually need the Pepas cash to "make" a second discovery and generate that upside. That's been taken care of already with the fund raises.

5) The Pepas cash WILL, however, allow OMI to take a second discovery into production AND fund all future exploration costs across the portfolio.

6) At the point any second project goes into production, the cash generated from it will likely dwarf the cash being generated by this Pepas deposit. Pepas will only be the flag bearer for as long as it takes to get the much larger second project into production. The second producing project will actually be the big prize here. (An exception to this might be if we go onto discover more Pepas's, such that Pepas itself actually grows into the large scale flag bearing production project - could easily happen!)

THIS is the sequence of compelling fundamentals that have caused me to have a large position in OMI and have a LTH in mind. In order for this dream company making scenario to happen, the following needed/needs to happen:

1) Pepas is capable of generating enough cash to fund the second project. On today's MRE, this has been FULLY accomplished. So this is a clear ✔.

2) Pepas is also capable of generating enough cash to fund future exploration. On today's MRE, this has been FULLY accomplished. So this is a clear ✔.

3) Whilst Pepas is being prepared for production, OMI makes a second commercial discovery. Some would argue that this is also a ✔ based on APTA, but let's call this an X for now. Will this second discovery be APTA, North Pepas, El P, El C or LV? This remains to be seen!

So overall how do I feel about the MRE? - whilst it's lower than the baseline 250koz I wanted, it's only short by 30koz. This shortfall is completely irrelevant in the overall scheme of things. Because on today's RNS, its very much MISSION ACCOMPLISHED in terms of what we needed from this initial Pepas deposit! Which means it's GAME VERY MUCH ON AND DREAM VERY MUCH ALIVE so far as I am concerned. Easy and big money to be made here from 25p in the coming weeks and months! All imo and dyor

I have no issue with folk selling - each to their own and tis what makes a market. But there's nothing worse than bailing out too early on an orchestrated drop and then watching price reverse and leave without you, with the original bullish thesis all intact and being regurgitated on here once more with the rockets coming out once more. I've been in this situation a few times myself and it's horrible - probably the worst feeling of all.

I suspect that there will be quite a few that bailed out today who will find themselves in this position.

It's worth making the point that the reaction to the MRE will continue - it is not something that is over in simply one day. So it's important to see where we are in the coming days and certainly where we close the week.

Still all very much to play for, esp with £13 million in the kitty and 4/5 world class projects to explore. Ample reason and time to see significant upside re-emerging here from 25p. The move back up should have stronger foundations to it as all the sellers and weaker holders will have been taken out already. But let's see!

Yes, we are probably approaching the period where the majority of warrant holders that want to cash out their warrants (or underlying shares) at these prices have largely done so. Hopefully this will mean more blue days ahead and then a breakout into double figures.

We've just announced a billion dollar resource folks. Look at what other companies are announcing in comparison😂😂😂

https://www.lse.co.uk/rns/ECR/raglan-initial-mining-plan-njnr8hws0l5oxqd.html

Just look how many trolls came crawling out today predicting all sorts as the new experts. I guess they have to make the most of days like today, as they don't come round all that often. Anyway, LTH here are well used to taking big drops and know that the stock always bounces back. It might be different if we didn't have £13 million and multiple world class projects under exploration all early stage. But we do, so can look forward to cheap shares being scooped up making for a much stronger climb back up.

Very bullish candle developing on the chart. No surprise when you read the article by CA. This is a SUPERB opportunity to make a killing.

https://thatstocksguy.substack.com/p/blencowe-resources-145

£13 million in the kitty, El P and North Pepas assays incoming, with drilling to commence at Apta and El Cedro. I'd say there's plenty reason to be very optimistic of a strong bounce back here.

Chart tells me a major bounce is in the offing here. Smart Money has been creaming off this drop. Good to see some retail do likewise.

Wouldn't surprise me if the next RNS lands this week and restores some sanity to the retail base. Well done to those who have traded this drop.