Member Info for Legalwolf

Definitely still in the discovery phase for me when you look at where each project is at - the gold price has simply meant that we might have a nearer term production opportunity at PEPAS, but even that project is still very much in discovery phase i.e. looking to find more PEPAS as well as a deeper feeder source.

Thanks PP - good luck with the rest of it. I missed a pullback entry as was on the move all day, but will see if another opportunity presents itself.

If you watch closely, Hamilton keeps looking down and is clearly reading from a script. In fact, you can see his shuffle the papers at one point.

Sir Hector - in the interview, Hamilton says that the plan they submitted is reviewed by DEMIRS and various stakeholders. These stakeholders came back with queries which meant GEX had to do another plan to answer the queries. Now presumably, the resubmitted plan will be seen by the same parties, meaning that if just one of them comes back with more queries, then its another round of delay.

Don't think the share price can take much more of this permit saga imho. Any more delay and it will be the straw that breaks the camel's back.

So yesterday, I mentioned the £10k trades that have been landing here almost daily, and at different levels. Today, I've counted at least 3 more. THIS is the footprint of the big players and the institutional accumulation. The price will only breakout when these large players are done, which will only be when they think the last ounce of supply has been taken up. It would not be surprising at all if some of the naysayers on here are part of this scheme. Seen it happen on the TSX bb as well.

As for predictions, I'm not going to give my target, other than to say that it's nowhere near 20p. In fact, if this only reached 20p, that would be a big disappointment and a real anti climax as far as i'm concerned.

£10k buyers coming in en masse at 12p to bail out at 20p? Get the fcuk out of here.

In every interview AH gave in 2024 he would always volunteer that drilling was “fully funded”. In 2025, he has failed to say that once! This is against the backdrop of the auditors saying the company only had 430k in May. By now they will be running on fumes.

The other issue is that various stakeholders get to see this extended plan that GEX have submitted. If only one of them comes back with queries, as they did with the initial plan, then the permit will be delayed again and GEX will receive those queries to answer once again. So nervy times here both in terms of the permit and the finances.

Last time the share price had a dead cat bounce before hitting 4p. Will history repeat itself?

Just listened to this. Another scripted interview where no mention of funding position. Will they get this permit or will there be more queries from the various stakeholders?

Been reading some of the recent posts with interest. Great contributions from the likes of PP and others. I totally agree with all of what they say.

But IMHO, if I had to pick just one of the many things that OMI has going for it, over and above EVERY other factor, and every other junior goldie (including WSBN btw) it simply has to be the "INSTITUTIONAL Shareholder Base" that is entering the stock. Not only the QUALITY of these institutions (such as Dynamic), but also the QUANTITY of them that have, are, and will "continue" to, accumulate into this stock.

Just some of what these institutions will ensure for OMI includes the following:

1) No pump and dump action like the other stocks - but a steady and sustained move up. Of course, this means some patience is needed.

2) Support whenever the price pulls back. Just look at how many £10k buys are landing here at every price level. More today.

3) Supporting the company financially.

4) Keeping the management accountable and on their toes.

5) Promoting the company to others, at no cost to the company. Attracting other similar investors onto the books at higher prices.

6) A multibagger move up. Now this has to be measured not from OUR entry prices, but THEIRS! The most recent insti's bought in at 10.3p. So a multibagger for them is multiples of 10.3p.

Remember, as I keep on saying, these insti's don't make money unless the stock multibags (and then some). They don't make money at 20p, or 30p. Now some of you might think, hang on LW, isn't that 100% or 200% from 10.3p? Yes, it is, but they can't exit their large positions at that price. None of them can. They will need, and will ensure, much higher prices, or will need a sale scenario to exit. This is the KEY!

So overall, I would argue that it is the institutional presence more than anything else which makes OMI the Ace of Spades in the junior gold sector. The BOD and the brokers advising them clearly understand this. Obviously, OMI has the fantastic projects producing the world class results, but that's why the Insti's are loading into it in the first place. And they will continue to arrive before and after Beaver Creek!

So great times ahead are virtually assured here, we just need to hold, tolerate the consolidations and the naysayers who get louder when these happen, and watch a multibagger move play out over a medium to longer term horizon. All imo and GLA

Nice one Kev - hope the good run continues but remain cautious as we tend to make our biggest losses after a decent win or winning streak.

Well done to others as well on the bags.

PP - can you believe I missed out on WSBN because I was waiting for it to get to the placing price or undercut it and then wasn't around when the RNS landed this week! Anyway, what's a realistic price target for it do you think? I suspect ole RP will do a raise, as that's sort of the MO isn't it?

No cash, no permit and now hammering away at the all time low, as folk bail out in the 4s whilst they can. Could it get any worse.

Pompous has a lot to answer for here.

Unbelievable - truly unbelievable this. Something really is wrong with this outfit. I can’t believe yet another unexplained delay. It’s like sabotage. Good luck trying to get a placing away.

Where’s pompous?

Miker - the last update on the Hussar application was a month ago. There was a time when Hamilton was telling us the whole DEMIRS process took two weeks. It's now been a month since DEMIRS have had the extended well management plan. So how is everything on track?

This needs an update next week as this 5p level isn't going to hold forever.

Doc - I find it interesting and rather curious that the TSX troll has appeared at the same time as ours. I wonder if these 'trollies' are basically trying to help large players accumulate stock. It is well documented that trolls are deployed on message boards to help with accumulating and shorting of microcaps.

Might want to warn them over there as well, as their 'PPP troll' wouldn't look out of place amongst our BB troll(s).

Good to see these buys coming in and a wick developing on the daily candle. True Bid and Ask is almost the same now at 12.45. That's very tight. Stock is exchanging in the 12s. Once it dries up, then no choice but to move into the 13s.

Although not particularly fussed as to when, but it would be nice to get into the 13s before next results land. Then we hopefully force open that 14p resistance door. It feels like it's getting closer and closer. Who knows, some more Red Cloud insti's and investors might jump on board next week, as that conference concludes over the weekend.

Remember not to take the bait folks. No need to reply/respond or mention in your posts.

Back to OMI, the inside spread is actually tighter than the advertised spread. Still asking 12.8p for shares, so still right under the resistance level. Can't be too far away from breaking into the 13s. But they will rinse and repeat for every last share they can get.

"WHEN" we do breakout of this consolidation, I can't see the next leg up stopping at 15p. That would be almost a false breakout and a waste of 6 months of consolidation. That's not usually how things work in a bull market. Thereore, I think the next leg up will take us towards 20p.

The top of this consolidation (13-14p) has now been tested a few times. Each test will have removed sellers at this level. I would say that this latest test is the most encouraging yet, with supply drying up, meaning that price is hovering right underneath the level, whereas on the previous tests, it bounced off and fell back (as there were more sellers back then).

Will we breakout on this retest, or will it need another small pause and a further retest? Who knows, the insti's will dictate that, but it doesn't really matter, as clearly it's a matter of time imho. A bit like Liverpool wining the title, we all knew it was coming, but couldn't say which game would make it mathematically certain. All imo and GLA

This might all align with the exit strategy. A sale scenario gives all large shareholders, of which RAB will be the largest, an orderly exit for their considerable investment.

With Bitcoin trading near new all time highs, i'll be surprised if it takes 3 months, and won't be suprised if it happens in the next 3 weeks.

Not as bizarre as his alias Silverlight, who claimed to be a TR1 holder (who decided not to notify) and has now walked away it seems 😂

Biggest b s h i t t e r on here is Pompous, and has been for a long time. He will literally parrot out whatever scraps of positivity there are, and when those dry up, reduce himself to unfunny and silly teenager level jokes at others.

But don't worry, he's no doubt got an average of 4p and is still up on this share!

Yes, I made a joke that I hope he's in charge of negotiations and not MR, who made that comment about £20 million being fair value. It was probably said cack-handed, but it's sort of stuck in the mind since then. However, i'm confident that post Jorc upgrade and DFS, talk of anything less than £100 million will be seen as ridiculous. The project comes with funding and offtakers, and a future Stage two ramp up, again with various funding options.

In a way, it's a shame that Bres aren't looking to take it into production, but can understand the attractiveness of an early exit and ride into the sunset.

More late reported large trades going through - changing of the guards before a breakout perhaps?