Member Info for MisterPositive

Ggp MCap touched £56m yesterday on one good hole drill results. OMI has multiple good holes with high grades and MCap is £9m ? Should correct itself in coming weeks.

Won't see these crazy low prices for too long. At some point out of no where this will break out to the Upside and keep going.

Another 7 trading days before Dec. Wait for volumes to tick up ahead of Dec Anza maiden resource Update and Technical report. Interesting times ahead.

What you on about webbs? unless you are his financial adviser? Chicken was bragging yesterday morning about making a lump of profit at Ggp. He probably bought Ggp again this morning at the High end and started ramping it to 2p... Do you really believe everything chicken says?

Just wait for volumes to pick up here.

Hmmm

Caviar, Thanks. But DDH1 are just drilling contractor. Looks like Ggp issued them shares instead to preserve cash...

For planned 6000 metres drilling... Anybody know how much cash GGP got currently? Can they fund whole 6000 metres planned drilling from current cash balance + General overheads & admin costs?

https://www.kitco.com/news/2018-11-20/Colombian-mining-group-says-tax-bill-will-attract-foreign-investment.html?sitetype=fullsite

Reuters
Tuesday November 20, 2018 08:06

BOGOTA (Reuters) - Colombia’s main mining industry group said on Monday it was optimistic a new tax bill that includes a cut to corporate taxes will help attract more foreign investment, allowing companies to boost exploration and output in the coming years.

The bill, known as the financing law, proposes a gradual reduction in taxes on businesses to 30 percent by 2022 from the current 35 percent, as well as a new sales tax refund of 19 percent for capital goods such as machinery.

“This law, which was a campaign promise, helps guarantee the competitiveness of the industry that competes in the region with countries like Peru and Chile for attracting investments,” Santiago Angel, head of the Colombian Mining Association, told reporters in Bogota.

Gold ripe for a rally. Expect a bounce here today.

Yuri,

OMI...the 'Tortoise' just ordered some...Rocket Boosters...from Amazon (online)......LoL

Awaiting delivery :-))

https://www.kitco.com/commentaries/2018-11-19/Gold-Getting-Ready-To-Take-Off.html

https://www.kitco.com/news/2018-11-19/Gold-Is-Just-Getting-Started-Scotiabank.html

in December 2018, could be the trigger of a long overdue rally here. Gold Bull run in 2019 and beyond would simply add fuel to the fire... Could we see previous High of £3.00 here sometime in next 2-3 years ?....you never know, but this would be Taken Over before that is my prediction.

Bhargav, Will try my best. Be good to put name to the face. Also good opportunity to catch up with company management, as 2019 could be extremely rewarding year for all OMI holders. Fireworks might start bit early in Dec. Expect some volatility but then traders generally love the volatility. I am not good at that.

This can shoot up anytime without warning. Not bothered with daily fluctuations. This could be 8p or above anytime Buying pressure kicks in. Need volume and bit of Buying pressure, which could kick in as we get closer to Dec....not too far away.

Arbitration as far as I understand is for GSPC trying to nullify the default claimed by OEX on GSPC for not paying their 55% share of costs of the JV. OEX would only get that money refunded to them if they had spent the 55% costs on behalf of GSPC. That's how I understand it from the RNS. GSPC is the state petroleum company so got the cash but seem to drag it out as long as possible for some reason. IMHO.

Driving licence is the best photo ID. I might pop along if I can take some time out of other current commitments.

Yes, chicken, May be that is why Newmont bought c.20% Equity in OMI and fully funding OMI to production.....they must be mad....LoL But Newmont know lot more than you as you would only look for your 10% swing trade.

Agree that Ggp had good results from one hole. They now plan 6000 metres of drilling. One hole does not define resource. That will take quite some time. MCap over £41m. At OMI, we got drill results from 71 holes covering c.30,000 metres of drilling. Continuous High grade Gold mineralisation over 2.5 Km strike and 400 metres depth and still open in all directions. Maiden resource at Anza coming up in few weeks. MCap £9.75m ??? You can work out the Investment case. At £41m MCap, OMI would be 27.3p

I am very much looking forward to the Dec Technical report & Maiden resource Update for Anza. That should just be the starting point of a significant re-rate coming up in 2019 and beyond. Key is early entry while it's cheap. Newmont effect not fully priced in here. * Buritica maiden resource in 2011 was: 630,000 oz Gold (M and I) 2,500,000 oz Gold (Inferred) * Fast forward Buritica to 2015. 4,710,000 oz (M and I) 4,800,000 oz (Inferred) and rising as they found more gold and it gets better and better. Next NI 43-101 compliant Buritica resource Update is due in H1 2019. Combined resource at Buritica could be well over +10 Moz from +9.51 Moz currently in my opinion. Anza should follow same trend with significant increase in future resource size after Dec 'Maiden' resource Update. I see OMI between £1.00 to £1.50 range within next 12-18 months time frame....without a doubt in my mind and still would be only £150m MCap at the low end.