Member Info for Legalwolf

THIS IS IT!

If there is a RNS that is imminent, it could be any of the following:

1) More world class results at PEPAS;

2) Soil sampling results at El C;

3) JV news;

4) Expanding PEPAS - remember, they are drilling for a feeder source amongst the infill holes. Do this and its kiss goodbye to these levels forever.

Looks very much like a successful breakout today - gapped up on TSX? Bodes will for the rest of the week and into Beaver next week.

Looks this this will finish up on the day. If so, could retest 2p by the end of this week. GLA

The sells keep on landing. Let's see if this holds 5p tomorrow when those placing shares land.

Well I don't usually pre-announce my buys or sells, but I don't mind sharing with you all that I have NO intention of selling a single share right now. There's no way anyone is getting my shares for 20p. I'm looking for multiples of the current share price.

I don't care if it retraces or shoots to 20p - this is a hold.

Very much looks like OMI is going to be THE junior sector leader for LSE. These leaders tend to make the most powerful moves up. How many bags from these levels?

Remember, unlike the rest, this stock is being held (and hence driven) by INSTITUTIONS, not the usual retail herd. These will be looking at multiples of the current share price in order to make money. We have ALL the major newsflow to come.

This has every chance of making new highs during the coming weeks and months. PEPAS alone is ALREADY worth over £1 billion + counting!

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Looks like we are going to smash through 20p. This must be eager Beavers getting in before the conference!!!

IF this is the much awaited breakout, then looking at the size of the consolidation pattern, we should be looking at this next leg taking us in and around the 20p level. The scary thing is that this BOOM will be happening BEFORE all the major newsflow. It is happening BEFORE the seasonally strongest quarter of the year. It is happening BEFORE Beaver. It is happening BEFORE gold breaksout as well.

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Thanks Dr R - yes that's right. Looks like instis getting in ahead of next week's Beaver Boom!

"Run at spot gold, this becomes 33p/sh (0.4x NAV) or 64p/sh (at 1x NAV). We will revisit our target price as development clarity emerges, and we expect further price gains as discovery momentum builds for one of the most exciting gold exploration stories in the sector."

This is based on $2800 gold!

Loving the sound of further price gains as discovery momentum builds!

BTW - did Red Cloud not have a higher target?

Jam Y - I expressed similar reservations a few weeks back. Part of me thinks drip feeding the assays will be less impactful than a single RNS (or maybe two RNS), but then the other part of me thinks drip feeding could actually build up anticipation for the JORC announcement?

I think what has changed in recent times is the fact that Bres is looking at a sale scenario and not a production scenario. Coupled with the faux pas that MR made about £20 million, maybe that's taken the wind out of the sails somewhat and harmed sentiment? The other is the rather sudden and emergency nature of the tax liability payment, which might have made some wonder about the jurisdictional risk.

"Surprised Legal is not on He1, there is a fairly predictable down trend in motion, thats his thing"

Not followed HE1 for a while. Once a company shows itself to be an untrustworthy rampathon, which will happily shaft its retail shareholders, ends up with billions of shares from dilution, I tend to lose interest. I appreciate this can be said for about 50% of AIM companies, and that some of these shares can still make you money, and make big moves. But as I'm not a day trader, I still need to believe in the story/hype to get in over a longer period.

Will BG throw in the rocket launcher RNS to co-incide with the start of Beaver? He did speak about "getting a few runs on the board" for the event?

Given up on the target then. I suspect recent events have forced a more honest or realistic approach!

Https://x.com/OrosurM/status/1962723219594715296

Rob - happy for us to consolidate around this level which will then set us up nicely for a push.

Should be a good week going into Beaver Creek next week. September should be a decent month here and take us nicely into maiden drilling at El P in October.

We know that OMI are in "back to back" calls with institutions right now, even before Beaver Creek. We also know that institutions are already loading up here because we have seen their buying in recent weeks and months. We have also had RNS to confirm their buying.

Some institutions might use the conference to speak to management and then make buy decisions of the back of this, others will learn about OMI for the first time. Red Cloud are one of the main sponsors of the conference and have been promoting OMI.

I would imagine that if you are an institution wanting to accumulate shares in OMI, you might think its important to get your skates on before the conference, as you will then have more large buyers to compete with. I said a few weeks ago that I could see a move before the conference for this reason, and I think that is playing out. So overall, my answer is that we will continue to see institutional buying and it will be either side of the conference for existing and newcomers, meaning that sub 20p will be the accumulation zone.

Gold about to breakout as well so the timing is perfect!!!

PS: we don't know whether and how many instis are entering on warrants rather than open market!

Https://x.com/TheSaintCharts/status/1961760996915053000