Member Info for Legalwolf

BRES is backed by the USA's DFC - I believe they have first rights over Orom Cross.

Simply outstanding results-amongst the best you will see for a graphite deposit. Great to see them mention “advancing” funding discussions. They must be very confident and close to securing funding.

I will keep on saying it, breakout is coming folks.

(Don't think we will have to wait for the MRE either!)

Supply is slowly being taken out. The breakout is a matter of short time now. If El P results land, they might forecast another major discovery in the pipeline and trigger the breakout. If not, we have the MRE to come a few weeks later.

Rig currently at North Pepas, aeromag surveys to take place at APTA and El Cedro. It's going to be an action packed H1 of 2026 for sure. 40p would represents only a 40% rise from current consolidation level. But look at the newsflow during this period:

1) First results from El P

2) Pepas MRE

3) Further results from El P

4) Drilling at North Pepas

5) Maiden drilling at El Cedro

6) Resource drilling at APTA

It's hard to think that the share price will only go up a mere 40% on ALL this MAJOR newsflow?

Great summary of what's coming here! We are only 8 days in, but already 2026 looks like it will be a belter!

Https://x.com/Kingfisher6868

Another insti holding OMI?

None of this includes the potential UPSIDE. Any NEW discoveries at PEPAS will blow even these impressive calcs out of the water. Today's RNS mentions that the new Rig is going to PEPAS NORTH to do some "reconnaissance". The area around the existing PEPAS deposit is going to have a lot of drilling done to it. So in about two years' time, or whenever production commences, PEPAS is going to be a much larger project. The revised calcs will be crazy!

I think Petro's visiting Trump is a positive development and expect them to do a press conference afterwards praising each other - that's just how Trump likes it. Behind the scenes though, it will be more of a bending the knee exercise. Petro has elections to think about!

In the global battle for resources, any country that steers, or is made to steer towards the west, is going to end up as a better jurisdiction for investors. We already have Argentina allied to the US, so adding Columbia will be a very welcome development.

Also, nobody is expecting 2moz at Pepas from this initial MRE. Anything north of 300koz will do very nicely indeed!

Another fantastic RNS this morning - but no surprise to see more world class results coming from the main Pepas deposit. However, it has allowed more of the supply at these levels to be cleared. This clears the path in readiness for the breakout to higher levels, which is clearly brewing on the chart imho. Will it be El P assays and/or the Pepas MRE that triggers it? Or will it just happen without news, once the last of supply/resistance is taken out?

Regarding timescale for MRE - I see no reason why it won't land this month. This is the timescale that BG gave us only last month, knowing that they were waiting for these final assays. Regarding no mention of El P in today's RNS, that is also intriguing and suggests that BG thinks El P warrants its own RNS!!!

Final few weeks to load up for those wanting to get in at these levels. The next consolidation and loading up opportunity is going to be significantly north of here.

So far, so good. GLA

I recall both MR and CP saying they were expecting significant institutional interest post DFS. It will be good to get an update about this from MR, especially as new insti interest will help clear the warrant supply created by existing institutions.

BG said results should come in after Xmas. If you factor in the Xmas break then I would expect first results to land from next week. Remember also we are dealing with two different labs before results are ready.

Were you posting here at 2.5p Nap? I don't recall reading posts from you from back then, and think I would have remembered the rockets?

Https://x.com/smallcappixuk/status/2008839575997984931

Could mean more results incoming beforehand?

Good observation re Scallywag and good rebuttal of that observation. I posted yesterday that BG has made it clear that this initial drilling campaign at El P is NOT aimed at making a discovery, but is about looking at the rocks. However, they do appear to have found silver and gold nonetheless even though this was not the stated aim of the drilling. I'm sure most of us are not expecting bonanza grades from a drilling program that is not aimed at discovery!

I would imagine that most are positioned here not because of any one drilling campaign, or any one project, but because this is a cash rich junior, with an amazing portfolio containing no less than four potentially billion dollar projects, ALL of which are being progressed in 2026. One of those - PEPAS - is currently the front runner and its forthcoming MRE will, hopefully, cement a much higher valuation for the share price. From there onwards, any other good news that each of the four projects generates in 2026 will represent (hopefully significant) upside from the higher valuation underpinned by the PEPAS MRE. All in a bull market for gold.

I believe THIS is the investment case for most of us positioned here - with our hopes and risk spread across all four projects, rather than any single one, such that we might find ourselves in a Scallywag scenario.

El P assay results will be a bonus. They don't need to give us high grades just yet - they just need to give us the belief that there is a major gold and silver discovery to be made at El P in the FOLLOW UP drilling campaigns later in 2026. By far the most important announcement right now will be the PEPAS MRE.

Hopefully we get both - a tasty MRE and appetising initial assays from El P. We can afford to be greedy, because OMI is a buffet after all!

The interviewer would make a decent double for Robert Di Niro.

No wonder you're loading up again! I'm out of ammo but would love to have done the same.

"I'm intrigued to see what El Pantano produces first off, it's certainly going to show both gold and silver."

Doc - I know BG has spoken about the silver, but what makes you so confident re the gold?

IMHO this isn't about Uganda, or funding, or any other item of newsflow. It's pure supply v demand dynamics playing out.

Yes, if an RNS lands, it will of course briefly impact these supply v demand dynamics, but ultimately it will still be come down to clearing the unknown quantity of warrants that ARE being sold in the 7s!

So these for sale warrants are the determinative factor right now and will trump all else in terms of impact on share price - but not for much longer.

Absolutely right - nobody knows the intentions of the warrant holders, not even BRES. So "warrants outstanding" is not the same as "warrants to be cleared".

But most of us have been around the block long enough to know how this works. At present, the warrants that are being sold are acting as a drag on the share price. This in turn will impact the buying intentions of some, whilst others will see it as an opportunity to get in before price moves once again. Some people like to buy on anticpation, others on confirmation and the rest just like to chase.

8p will bring the latter two category of buyers into play imho. Tick tock....

Just take a look at the monthly chart and you will see what's brewing here?

If you still need convincing, take a look at the monthly chart and the previous consolidation period. Now you see it, don't you!

And what you might also think is that this consolidation (aka bull flag) actually looks much stronger than the last one.

Load up before the inevitable happens!