The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Measured move up should give us 6-6.8 on this move.
The agreement is that OMI will only pay anything once all risk of development has been removed that is once in production.
Intraday cup n handle forming guys. Could be building to a big push. 6.68 gap target next stop.
Gold now 1735 GBP live. New all time high.
Incredible gold province. What is the name of the Chinese company that took over the 20m+oz gold resources close by? Started out at 1.6m oz then 5m Oz then 10 and a geologist said the more they drill the more extended the discovery is. He then said what they found ahead and above from mine entrance at valley floor was mirrored in a massive dome below which at a minimum doubled the estimated resource.
Newmont also had an early position there and sold their stake before joined and advancing OMI.
We are now at the same juncture imo. Time for OMI to flourish.
We’ve waited a long time here. I held ggp for years and gave up literally just before the big boom. I will not be falling for that again. I’ve continued to buy here and expect at least the same a GGP. I deserve it …. We deserve it !
Currently 1732 GBP live guys.
The apex currency will take its reign once again as Fiat is diluted into oblivion.
Hold physical guys and invest in juniors with massive footholds in gold.
The goldies are stealthily building to boom.
The gold rush is approach at pace ready to take the baton from the tech market.
I think also Brad had to basically take a back seat so to speak as Newmont dragged their team along and dragged their heals in the process.
The shackles are now coming off and as Brad says operations will now leap forwards at pace with much quicker drilling and regular updates.
OMI back in the game just as the gold buying frenzy bull run starts….so much more in the pipe now as speculation in gold becomes the new Boom cycle.
Quick Look at the 3 year chart to see where we are destined to return with likely far higher new highs due to the new all time highs gold has now achieved mainly due to central banks loading up on physical gold worldwide.
So impressed OMI is back in the game. The show is back on the road with many millions of development better off.
Destined for returns back to 25p plus to 40p.
Fill the gap between 6.08 and 6.68 then 14p next stop.
Heading back to 25p plus. The asset is much more advanced now thanks to Newmont funding and tech.
Specialists in the Colombian gold province with adjacent operations to Anza.
If this is still the case Agnico worlds No4 from memory are still in with OMI which is massive.
The Project is subject to an “Exploration Agreement with Venture Option” (the Agreement) which was signed in September 2018 with Colombian company Monte Minera Aguila, which is itself a 50:50 JV between Newmont Mining Corporation and Agnico Eagle Mines.