Member Info for Legalwolf

Yes, getting very close to that 8p now. Unless there's another batch of warrants to release, hoping we can consolidate 8p by end of January. That will be a pretty good start to the year given how many warrants had to be cleared. From there, it should be a run of regular positive newsflow culminating (hopefully) in the (first of the) funding announcement(s).

Great time to load up into BRES if you haven't already - once it hits the 10s, there's no knowing how high it might go. That's the trade/investment case here.

A quick Google AI:

"Companies listed on the TSXV can be included in the GDXJ ETF, which focuses on smaller-sized gold and silver miners, including those in earlier stages of development. New Found Gold Corp. (TSXV: NFG) was included in the GDXJ following the Q4 2020 rebalance. Luca Mining (TSXV: LUCA) was added to the index effective September 19, 2025. The GDXJ index methodology allows for the inclusion of companies at various stages of development, and the ETF has significant exposure to the Canadian market (around 40%), where both the TSX and TSXV are major exchanges for mining companies."

TSXV listed Luca Mining was added in Sept 2025.

Sorry I meant TSXV!

Thanks Jerry - that's helpfuI to know and obviously i'm no expert on the matter. But I had understood that GDXJ got round such concerns by having introduced a minimum liquidity criteria, in addition to their more longstanding mcap and other requirements.

I suppose as well as just asking BG, we could also take a look at the current stocks in the index to see if they include any AIM/TSX ones. Will take a look when I get a chance.

Looking at the chart makes me think we are only one decent session or two away from hitting 8p. Should happen as we have news incoming. Let's see and GLA.

I think the share price will move on warrant supply at these levels drying up - signalled by consolidating 8p. I think once this happens, the market gets a signal that warrants are no longer holding price down, meaning anyone wanting to buy cheaply is running out of time. Money on the sidelines waiting for funding and offtake will have to factor in that if the 7s are gone, then so too might the 8s. I think this will inject a bit of 'something' into the share price by itself.

Now consolidating 8p could happen before offtake and funding news lands. Or it might have to wait - all depends on how many more warrants are left to flush out below 8p. Seem to be drying up - hence ask above 7.5p - suggesting 8p is on the cards. But as ever, who knows and let's see! GLA

I think the Pepas MRE will be a 'watershed moment' for OMI's valuation and share price. A ridiculously low CAPEX and AISC, against a rising gold price is a phenomenal and unrivalled situation for ANY junior to find itself in. Pepas is literally screaming out for production and is a no brainer. But the MRE is needed to underpin this.

You THEN have to look at the ridiculous upside potential, from one or more of the following actual or high probability events:

1) Pepas itself containing over $1 billion worth of gold.

2) Finding more Pepas's and/or the source - arguably a high probability event given the geology and the $15 million to drill surrounding areas.

3) The existing discovery at APTA going to MRE - an actual event and estimated to be at least 2moz.

4) The probability of making a huge discovery at El P - arguably a high probabiltiy event given the geology, early signs, and $15 million.

5) The probability of making huge discoveries at El Cedro and LV - greenfield projects but the geology is very favourable.

6) Getting into the GDXJ - a very high probability event the way things are going. Maybe as early as March 2026.

At the moment, our valuation doesn't reflect ANY of the above. So, we should get an uplift on the Pepas MRE (though not the same as when we near production). But from there, we only need ONE of the remaining events to happen to start another move up.

I believe the likes of Sprott, Dynamic, Durrett and the other instis, and investors like Baron, are seeing and buying for this bigger picture - and that's where their "20-50 bagger" or "£2 in 2026" projections are coming from.

That MRE will only solidy this and it will be game on for such a move from that point onwards. All imho but let's see! Will be one heck of ride for sure - and a very rewarding one.

As I said yesterday, we are only 3 weeks into the year and have SO much drilling ahead of us in 2026. I can see the share price going on to much higher levels based on all the newsflow that is coming up here. It's just a matter of time for me before that previous recent high gets taken out.

Just wait for the MRE to land - that will give the instis something more concrete to hang their hats on for a higher valuation. I believe they will take us into the GDXJ and onto further insti interest that comes with such membership. That would be the smart thing for the likes of Sprott etc to do!

Will hope to be there when it happens....

That's certainly what it sounds like. Together with the Q&A, it sounds very much like BRES have several "interested" parties and several options to consider. This will take some working through the various options to see what is best for the company. I would imagine that details will start to firm up in the coming weeks. It's just offtake and funding that will be taking up most of management's time right now.

IMHO, price here is largely dictated by the instis, not squabbling retail, most of whom get shaken out. It's not based on hype either, but the crazy potential of the company against a strong macro backdrop. Most of us still believe it remains undervalued at current mcap - and hopefully the forthcoming MRE will support a higher valuation. But let's see.

Okay, I have finally filtered the lying narcisstic muppet - should have done it months ago. As for correct calls, most of the bb has been reading our respective calls on OMI over the last 18 months or so and can judge for themselves who has been right and who has been wrong - that is if they even care, which I think most don't. So sad desperately trying to seek validation on a bb full of strangers! Goodbye and good riddance

He’s clearly so rattled that he’s spending his time going posts on other bb. How old are you Master Trading Guru?

Tax bill 😂😂😂

Oh dear - the ole classic stalking behaviour. Must have touched a nerve. Tax bill 😂

What? not buying back lower this time and lowering the average? How taxing!

He’s trying to be contrarian but ended up being a comedian. Been “letting some go” all the way up. Think he must be a market maker with the amount of shares he’s sold -prematurely.

Often JVs can be price sensitive ie involve one party issuing shares to another or basing the JV on their valuation. In these kinds of situations you can get the parties avoiding issuing news during such commercially sensitive periods.

Not saying that’s the case here but it can happen.

I think the rules leave a fair bit of discretion. Have there not been instances of companies going into a news blackout when discussing a JV?

Then you have discretion over when to release results- hole by hole, in batches, or at the end of a drilling program? For example BG did not release Pepas results hole by hole but in batches.

So who knows other than they should have had the first assays from El P by now.

There is SO much more going for OMI this time round compared to when it last hit 45p. Gold has also doubled in that time and is still going strong. Therefore, expect this to EASILY take out its high from 2020/2021 - and then some!

We are only 3 weeks into what will be an incredible year for OMI. 45p is merely an appetiser. But no doubt we will say farewell to quite a few and welcome others.

Expect another good day tomorrow!

He sold out most of his holding that’s why. Hence why he only ever posts negative/cautious stuff and rarely on days when the share is doing well. So obvious.

X users should be messaging Elon to check out BRES!