Member Info for MajorThomas1

What do you think. Looks like 3p is the new floor here.

With the Newmont cash in the bank, meaning no imminent dilution, IMO this will fly on positive news

Must just be a glitch on here. Checked the official RNS service and there's only 1 been released from OMI

Really sad to see how this has played out. I held these a while back. Made some on the initial Tendrara results then lost some on Badile. After that I lost faith and sold out.

I don't normally post on shares I don't hold but reading Crudes sympathy for JP I felt compelled.

JP set the expectations for the LE, which, with hindsight were fanciful at best and maybe even dishonest. And Crude you were number 1 cheerleader back in the day. Both of yous went way beyond the roles of a CEO and BB poster to sell the golden tickets. Misguided or disonehest who knows?

The thing that makes it worse than anything I have ever seen in my time investing is the personal aspect of this. JP and the likes of Crude have looked the PIs who were shafted in the in the eyes, drunk with them , joked with them, made plans for the high life after the LE. Shame on you!

Anyway, I am genuinely sorry for people losses here. Please report any suspicious, no matter how trivial to the FCA. They may be unfounded but the only way to find out is to report them. They will investigate, we are talking a publicly listed company once valued over £800m. It is serious cash and if there was any wrong doing we are talking jail time.

I don't hold so can't report but please, if you feel something's not right report it. We need to stop shiester CEO's shafting us for their own gain. It's hard enough to make money in this game.

GLA

Another piece of the jigsaw falls into place. This is being derisked all the time but market doesn't seem to be interested or notice.

The Uraguay permits were the only potential issue I saw with the creditors agreement. I knew they plant and equipment would sell but I was unsure of the value of and appetite for the permits.

IMO Good news

I contacted the CEO today with some questions regarding phase 2 work commitments, the recent change in governor in Antioquia and the TDF status at Anza.

Thought I would share the replies with the board. Detailed below.

Question 1. Can you confirm please what the plans are for year 2 of the agreement? Can we expect some drilling this year?

Reply to question 1. "Discussions ongoing. As soon as we have something material, specially drilling, to report, we will."

Question 2. I also note that Luis Perez has been replaced as Governor of Antioquia by the more mining friendly Anibal Gaviria. Do you think this will speed up the outstanding, pending mining concession applications?

Reply to question 2. "General consensus is that this and other recent changes are good."

Question 3. Lastly has there been any change to the Tropical Dry Rain Forest status at Anzá? If so what? And if not how does this impact our ability to mine? I understand that the area to be protected within the Anzá titles will be categorized as an Integrated Management Regional District allowing mining activity to co-exist with the TDF under special controls and requirements. What are these special controls or requirements?.

Reply to question 3. "No material change. Comment about controls / requirements, means we can in any case keep doing exploration and mining but will have to comply with some conditions. All of this to be defined, we are working very closely with Corantioquia to achieve best possible outcome. Work in progress, as soon as we have something material, we will report."

Just remember what this did on the original Newmont news and things have only got better since then.

This has the potential to rocket. It just needs something to relight the touch paper.

Typo a 17.24%.spread! That what I get for posting half asleep.

Would be surprised if the take it there though!

A 27.4% spread!

Looks like the MMs think this is a lot more risky than I do. They seem to want to hold OMI around 3p and are doing a very good job of it.

Good luck to Icarus, I will be doing the polar opposite. Profit from EUA into here. Personally I don't see the value in selling OMI low to buy EUA.

Anyway hopefully OMI and EUA make good and we both get rewarded for our efforts.

GL

Brilliant news that Newmont have paid up to maintain their earn in. IMO there can be no more doubts over Newmonts commitment or the potential at Anza. If either was in doubt now would have been the time to walk. IMO it is another significant derisking of OMI and Anzá.

Brilliant idea Webb's. Maybe then people would realise what a glorious opportunity this is.

IMO, if we do get confirmation it will represent a significant derisking of this investment. I personally will be significantly increasing my investment in OMI.

Yes, looking forward to confirmation they have recieved the parent from Newmont.

For me this will confirm their full commitmemt to the project.

Yes Investor81. Newmont seem very positive on Columbia and the Mid-Cauca Belt in particular.

Here's an article from there CEO last year detailing why they are so keen on Colombia.

https://www.mining-journal.com/leadership/news/1343393/colombia-could-be-on-peru-road-says-newmont-chief

Very good, succinct and accurate bullet points Investor81.

With the Newmont deal seeing Anza through to bankable feasibility study and, if OMI want, production this is the biggest no brainer I've seen for a long time.

Why the interest in the shareholders register?

If you believe that Newmont will eventually progress exploration at Anza then IMO the SP slide is nothing but a good buying opportunity.

I honestly don't think the TDF thing is a big issue.

It's not unique, to OMI or Anza, has been known about for years and, as per the latest Annual Information Form filed to the TSX, the environment agency has already confirmed that mining allowed in the areas of Anza effected:

"The environmental authority (Corantioquia) has already determined that the area to be protected within the Anzá titles will be categorized as an Integrated Management Regional District. This category allows mining activity to co-exist with the TDF under special controls and requirements. In parallel, the Corporation is in advanced discussions with Corantioquia together with neighbour mining players in order to agree a new delimitation of the TDF which reduces the area affecting the Anzá project."

Tut Tut Ma5k, j hope your not trying to mislead anyone.

You know that the going concern statement is standard practice for most non revenue generating exploration companies.

Very poor show old boy.

Mark, that's a standard qualifying statement common to many companies. IMO there's no going concern risk now that the Uraguay issue is resolved.