Member Info for MisterPositive

Wed or Thu would be my guess.

With regular updates.

Think they mobilised more or less everything.

Newmont would want to buy this out on the cheap.

But hang on.....there is competition. Zijing just bought Continental Gold for C$5.50 a share (C$1.4bn cash) to get their hands on 'Buritica' 11m oz Gold deposit.

Best part here is....ALL PAID FOR...

By Newmomt.

NO placing here at all.

Problem is the small free float makes it almost impossible to Buy at our desired price. So I go for the next best price available at the time when it's not NT.....LoL

I was happy to pay 30p just about a week ago.

Always focus on MCAP....which is ridiculous here.

Given the very high Gold grades and both NEWMONT and AGNICO fast tracking drilling at ANZA with multiple rigs shows you the urgency to make up for lost time over last 2years.

Plenty of cash to get cracking on both:

1) Ragged range Gold deposit - being Top priority.
2) Uranium / Vanadium deposit. (High grades).

That is actually a very good RNS.

Further 350k cash received from Trident Royalties.
Total now received 400k
Balance 600k linked to Gold production oz milestones.

Springhill Gold deposit has further Gold targets not yet tapped into. Trident Royalties have built a very successful royalties business with very healthy income stream.

Trident can pay THR the balance 600k either:

1) all in CASH or
2) part cash / part Shares in Trident.

Point 2 is very interesting as THR can own Equity holding in Trident Royalties and earn income / Dividends.

THR also retains residual interest option of taking SpringHill back from Trident if they want to return it. From past RNS, Springhill current Gold resource is 300,000 ounces to date excluding new areas not yet tapped into.

You just need to look at those very high Gold grades.

I got 10k also.

Drop way overdone IMO.

Drilling imminent with Multiple rigs.

This is it folks.

22.50 was where I thought this will bounce from.

Order filled I think.

From page 9 of the Sep 2018 presentation:

219 g/t
176 g/t
72.3 g/t
70.99 g/t
58.03 g/t
45.62 g/t
40.37 g/t
40.25 g/t
29.49 g/t
20.89 g/t

Not seen something like these in a VERY long time.......awesome. 

http://www.orosur.ca/files/2018-09-11-Sept-2018-Corp-Presentation-FINAL.pdf

Cloud and A.I. are the Tech future.

MNO poised to do well with their entry in USA.

LK77
Totally understand.

I have seen it happen to me many times, the minute you sell, bugger goes up substantially the very next day...LoL.

Spot Gold end of Dec 2019 was US$1514 per ounce
Today Gold price is around $1900 forecasted to go higher.

Trying to calculate a theoretical Takeover price for OMI shares down the road. If we use same hypohetical C$1.4 BILLION offer price for ANZA for even 200 million shares in issue, that would be C$7 a share (currently only 163m shares in issue). Continental Gold had 255m shares.

I expect a massive re-rate for OMI shares between now and potential Take over down the road.

https://www.continentalgold.com/en/zijin-mining-to-acquire-continental-gold-in-friendly-all-cash-offer-for-c1-4-billion/

This is about a year ago from: 2 Dec 2019 when deal was announced which was completed in 2020. Price of Gold now is even higher since 2019.

Yes, bit annoying that we could not Hold above 1.30 last week. It takes few attempts to break that 1.30 which would be normal for any share. First breakout to 1.40p few weeks back tells you, current leg UP is in place and this could firmly breakout to New high on next positive update from Ragged range.

Yep. Think we should get Drilling commenced RNS in coming week starting tomorrow.

In my view price has consolidated pretty well last week poised for a move higher. A penny here n there... where to buy makes absolutely no difference if you plan to Top slice some around 50p, 75p or £1.00

We can never buy at the bottom or sell at the top. It's always somewhere in between. That's why Average cost has always worked best for me. I personally think 23p low last week was the bottom of this leg as we resume the next rally to the upside with the UPWARD trajectory firmly in place. OMI on lot of folks Watchlist.

This is a continuation of the Historical high Gold grades that are already in the public domain.

Bhargav
Your 16:40 post highly recommended.

Excellent re-cap of the journey we are now on Vs where we were 3 years ago.

Great effort sir.
MP

Every wants a bit of OMI.

When it hits £1.00 they will then say...OMG
LoL

Compared to SCLP and SAR...

Yes AIM is news driven, but price always overshoot on both upside and downside.