Member Info for Legalwolf

You think you’re going to get a timetable? 😆

That’s a difficult one. I never thought OMI would get this huge institutional buying power coming in at these prices. Together with the non stop newsflow between now and year end, I do think OMI has a long way to go. You then have POG heading to 4000. So the perfect alignment of technicals, fundamentals AND macros. I think OMI could take out its high of 47p on this run up.

There have been a few wild moves in this bull market already!

Placing shares aren’t offloaded in one session but steadily over a period. Let’s see if 5p holds during the offloading.

35p is "only" a 100% rise from current price. I believe we are easily going to surpass that in the coming weeks and months. Just look at the scale of institutional buying coming into the stock at current prices. We did NOT have this kind of institutional wind blowing in our sails when OMI hit 47p in 2020. That was your retail herd spike style move. Nor was POG motoring towards 4000.

Of course you need the luck when it comes to drilling results, but we have taken that element of risk out of PEPAS already, and it's now just a case of how big it is going to be? Of course, the other projects do carry that beginner exploration risk to them.

Overall, I believe this run up is going to be slower but of greater substance, duration and magnitude than the 2020 move. We will surpass that 2020 high, but how high, no one can really say.

"The drill rig will now be setting up on a step-out hole to test the breccia pipe more towards the centre of the system. The plan is to drill the top of the second hole with a rotary mud bit to a depth of approximately 150m before setting casing and drilling on with PQ diamond core followed by narrower NQ core to final depth."

What's likely to land to land first, the initial results of the step out (i.e. the second hole) or the assays from the first hole?

I wonder if the instis are going to push us into the GDXJ for September? I believe we already meet the liquidity criteria and just need the mcap to reach $150 million?

ID78 - not looked at GEO. I've gone for OMI and WSBN. I've held OMI from 2.5p last year and it's been a longer term conviction hold. I really think it has a long way to go yet, and won't be selling any time soon. WSBN is more of a shorter term punt. In contrast to OMI, I was very much late to the WSBN party and so have to view it as a swing trade now.

I think with these sector moves, you probably don't want to, or need to, be in too many of them, because most of them will move together anyway. I view OMI as WSBN as two of the leaders.

I really liked CORA, but can't see them getting the mining permit any time soon. I still think Mali is caught up in the geopolitics between BRICS and the US.

For Chartists, it's a GIANT cup and handle base formation that we are moving towards the top of. The trending stage has not even started yet!

This is a perfect storm coming together of technicals, fundamentals and macros.

Could OMI be the SWC of the gold juniors?

All sells again by the looks of it. If placing shares have now been admitted, then will the 5p trap door open tomorrow?

Seriously folks, not ramping this and ultimately i don't care what retail do as "the instis have our backs here", but this is a rare opportunity. Probably the best you will get this year (and for a few years). SO DO NOT SELL YOUR SHARES CHEAPLY. THIS HAS A LONG WAY TO GO:

1) The PEPAS story is in its infancy. There is MUCH more to come.

2) We don't have the MRE for PEPAS or APTA.

3) We haven't started drilling at El P.

4) We are likely to get really great soil sampling results coming through for that large and appetising porphyr at El C. The kind that in the current climate will attract a JV.

5) Instis are loading up for a BIG move up. They will gobble your shares at even 30p.

I could say a lot more, but you get the idea. Don't sell into this rally, even if it pulls back. Yes you will make profit, but that feeling of victory will soon taste horrible when you see this then reverse and continue to re-rate well past your selling level. This is the start of a big move up. Take full advantage and keep your nerve. All imo and GLA

Strong reversal upwards - should now resume the uptrend and retest of 2p coming up.

Only teasing Seingred - good luck with your sells.

"Personally let small ammounts go yesterday at 16 p. Raised the limit sell from 15 p."

Do please pre-announce your next sells as well, so we know when this is about to move up 😂

Broken through key fib level as well. 20p is the FIRST stop. Still in the accumulation zone, trending stage to come!

Some will have their premature evacuations here and good luck to them. Personally, can see this shooting through 20p.

Loving the sound of 30 meetings next week. Some of these meetings are bound to result in more large players entering the stock. At the moment, it really does look like sub 20p is going to be the Accumulation Zone for the institutions getting into OMI in 2025.

I can't see why CAPEX would be high at all. We are using nearby facilities and so our costs will be extraction and transport. Even then, how much will be upfront costs and how much will be paid from gold sales?

What’s BG got up his sleeve for next week. JV interest incoming I wonder?

https://x.com/OrosurM/status/1963097931856376197

Looks like OMI has broken out today. Think it will be the leader of the pack.

Yes, but if large sells are landing at 5p now, what do you think will happen from tomorrow, when all those placing shares land? It won't take many placees to sell to break 5p. The brokers have freebies which they can offload at a profit at whatever price.