Member Info for MajorThomas1

Chicken, did Newmont pay for the pleasure of exploring GGPs potential?

Don't necessarily expect it to take 2 years to realise the big profits I expect from this. Thats worst case scenario.

This will be 100m+ MCAP if the next phase of drilling delivers similar results .

Fuly expect Newmont to complete this quicker.if suvessfull I could see a JV paid for with Newmont paper. Again on a basis of 100m + MCAP.

First post on here having taken a position in OMI over the last week.

To me the Newmont deal was the best they could expect considering OMIs financial position at the time. Newmont fund this through to production and OMI will still own 20% of what, from drilling results, looks like a potential monster gold find.

You can gaurantee that 20% profits from a fully developed Anza will be many, many multiples OMIs current MCAP. This can only mean 1 thing OMIs MCAP and SP will be many, many multiples of its current level too.

Honestly don't think the market has woken to the potential yet. I personally cannot see any reason why OMI will not see £100m + MCAP over the next 2 years.

GLA

Looks like I timed my re entry well. Got back in yesterday after a long time in the sidelines.

Great news to see the Tsands come into play and producing through the OBA. Just need the pumping station in service, a couple more wells and they may even make their exit production rates.

Against a back drop of high POO looks like this could really take off now.

What a difference a day makes.

GLA

Looks like my buys yesterday may have been well timed. Hopefully this can go on a good recovery now

Hope so. Reckon this will be back above 20 by the end of the month.

I see very little downside from here. Following the frack they will have a substantial revenue stream and the cash to progress the nitrogen development, DTU and ofcourse hellios.

Won't scare me off, took a position again after over a year away from SOU. Can't see a better time or price to invest.

Glad to be back onboard!

I think it's time for some positivty. Markets been negative long enough.

Every cloud has a silver lining though and managed to gat some really good prices in HNR, SOU and BCN this week.

Been sitting on the fence long enough. All 3 undervalued and ready to react to news. Missed the bus to many times before.

Just bought back in today. Managed to get some at 17.45p and 17.375p. Target was 17.5p so delighted to get such a good entry point.

Obviously MP isn’t going to release the reasons behind his dealings. 1. It would be seen as manipulation to add stock then come out and say we are planning a MBO as this would then inflate the value of the stock he has just bought on the cheap and 2. It would be counter productive to the MBO as it would drive the price up too high to fast.

All he has done is issue the facts. They are accumulating stock. Runours or not the facts are there to be seen. Just need to put 2 and 2 together. The rate he is adding at can only mean one thing IMO.

and want as big a slice of the action I can get

Getting very interesting now.

Managed another top up this morning. Just cant see how I can loose money at this price and as big a slice of the action as I can get.

Rumour a few weeks ago of a MBO at 18p with money coming in from Hong Kong is starting to look more and more credible. Just speculation and MHO but I’m buying more anyway.

What's the story with that RNS?

Miles Pelham buys 1,818 Argento preference shares at $350 per share. Total consideration $636,300. With each Argento share convertible to 1,797 OBT shares at todays exchange rate I make that equivalent to 14.34p. Few questions.

Who has he bought them from?

Does this signal the start of management buyout that's been rumoured ?

Does this signal the starting price they would be willing to pay for our shares?

More questions than answers and intersted to see what others think.

Should be able to see JSE info for PAF or PAN as they are quoted there, via below link. http://www.sharedata.co.za/v2/Scripts/Summary.aspx?c=PAN

Eish, I personally don’t think sentiment has changed much. There’s no flurry of buyers coming in to push the SP upwards or worried sellers offloading to drive the share price down. What I see is just SP manipulation by the likes of Public investment Corp, Coronation Asset Management and Investec to increase their holdings as cheaply as possible whilst there isn’t much interest or volume. The good news regarding Evander and the BTRP seems to have pricked the attention of these institution but it hasn’t excited the masses. Hopefully Elikhulu will get more interest and get the SP out of this 7 - 8p band. These institution don’t seem willing to pay over 8p. Short term I could see this drifting lower again before the afore mentioned institutions by back up to the 8p mark again.

Glad to see this going in the right direction but not getting carried away with the figures reported on here on here. Only 10 trades so far and the majority below 8p. 200.000 traded between 7.51p - 7.5p and 150,187 trades over +8p SP being skewed on such low volume. Glad to see it rise but just doesn’t make sense.

What is to be gained by manipulating the spread? Looking at the spread it’s obvious that there is some algo at play here. But why?

Yeah looks like news on a trade facility and acquisition could be imminent. Time for the old cliche, Wouldn�t want to be out of this over the weekend! All joking aside it looks like positive news flow is on its way and IMO that should at least propel SP back to 200 day MA ~14p.