Member Info for MisterPositive

Great low entry price to get in here before Dec. Some will trade....that is their choice. I am not looking for 10% here n there....more like +1000% Upside (10x Bags)...70p plus. MCap only £10m and only 100m in free Float, unlike others with Billions of shares in issue. I see a spectacular price re-rate ahead in 2019 to coincide with next Gold Bull run.

Scully, I have made my position clear here in the past. I won't be buying here until a deal is done, without which only way forward here would be placing to support future operations. At OMI you got World no. 2 ' Newmont' funding them all the way to production. speculation of early Buy Out there is strong, while price is still low. Wish you and the rest here best of luck.

Yakeee, Your 18.30 reply to Jim 17:11 post on Tue was sweet but fekking hilarious....(no offence Scully)....just found it quite funny.

Gold Is Set Up Like 2015; Spectacular Bull Run To Come - CEO

"Macroeconomic forces have positioned gold in a similar pattern as 2015, when the yellow metal traded range-bound before rallying, said Amir Adnani, CEO of Uranium Energy Corp. and chairman of GoldMining Inc."

https://www.youtube.com/watch?v=f2t3LjeqOPc

The latest SEC filings showed billionaire investor Ray Dalio remained a stronger believer in gold in the third quarter as his hedge fund, Bridgewater Associates maintained its holdings in SPDR Gold Shares (NYSE: GLD), the largest bullion-backed ETF, at 3.908 million shares, and its position in iShares Gold Trust (NYSE: IAU), at 11.315 million shares.

“If you don’t have 5-10% of your assets in gold as a hedge, we’d suggest that you relook at this."

In other portfolio moves during the third quarter, Bridgewater increased its holdings in Barrick Gold Corp., Franco-Nevada Corp., Newmont Mining Corp. and Kinross Gold Corp.

Yep. Few decent size buys and this would be heading closer to 8p... Out of no where it jumped 25% last week grabbing attention of the fence sitters.

Bhargav, Excellent post.

Webbs, No news...??? Price rises ahead of news, and if Dec news is very good, then will continue to rise, with a few drops here n there. Dec not that far away. Could also get more detailed drilling plan for next phase from Newmont, COO appointment, etc. before Dec also. MCap will not stay low forever. Even at 50p MCap will only be £75m...which I expect will come in 2019 and more.

Yuri, Happens to all of us. I have learnt from my own past mistakes. Oilex got a long court battle in process...1p tomorrow merchants were probably bailing out while saying that. Oil plunged 8% yesterday. Given the global slowdown pencilled in and also growth forecasts cut by IMF, tech slowdown etc. etc. there is more correction to come on Wall Street in my view. Only strong US Dollar holding back Gold Bull run but US Dollar shorts just waiting for the US Dollar to reverse course before the inevitable Gold Bull run begins starting in 2019. OMI well positioned with such an attractive high grade Anza Gold deposit. Re-rate here is just a matter of time....prices not going to stay low forever. £10m MCap is the lowest vs peers. Newmont done their due diligence and here for much bigger prize, like most of us.

Bhargav, With you on the GC totally. I know you are a genuine holder along with many others here also. I don't do share hopping. I am very selective in my stock pics. If I like the story and plus with a crazy low MCap, then I know the Upside is huge. There are few chancers around also with their subtle deramps. Does not bother me what anybody does...it's their money, their decision. I am firmly focused here for the huge returns coming here soon.

Shelly, Golden Cross happened already on SMA basis. Waiting for it to hit on EMA basis also. I use investing.com (click Daily tab) and you can see. Both 50dma and 100dma could cross 200dma in coming days. Bit more buying pressure ahead of Dec could do the trick which would be very bullish indeed.

Bhargav, Golden Cross should happen soon here. Could see both 50dma and 100dma cross 200dma back to back. That would be awesome. I am holding ever so tightly to every single share here. Dec resource Update should be just the first of many price drivers going into 2019.

OEX is Overbought and has had a good run. Buying now there is too late imo. Each to their own. Degsy will be back don't worry...

MMs trying to grab few by the looks.

You probably will get broker price targets sooon after after Dec Mineral resource Update.

Keeping an eye on the 50dma (EMA)...creeping higher every day. Hold tight. This moves up without warning...leaving many scratching their heads for missing out on quick +25% up tick. Not long to go before Dec. Expecting a re-test of 13p before having a crack at last year high of 18p.

Shelly, While it was quite, I did lot of research over the weekend at Buritica history from the time Continental announced their 'maiden' resource back in Sep 2011, along with subsequent resource updates after that and to the stage where Buritica is now. Another Updated MRE resource is due for Buritica in H1 2019. Was shocked to see Continental Gold all-time high share price of C$10.35 back in Nov 2010. That's typical of the explosive upside that you can see for Gold explorers. Price moves can be substantial along the explorer to producer life cycle curve. Key is to get in early at low prices before various price catalysts kick in, just like Newmont who got in Buritica at much later stage during the cycle but got into Anza at the Lows timing it perfectly in my opinion. Upside for OMI from here on could be explosive with substantial gains to be had in 2019 and beyond. Mineral resource Update and Dec Technical report is a major value driver as it feeds the PEA and FS. Price of gold and AISC per oz give you the NPV based on LOM (life of mine), etc. etc. Not touching my golden OMI shares for next 12 months before reviewing my Holding. IMHO.

Guys been looking at Buritica history since they first announced their 'maiden resource' back in Sep 2011. Anza seems to be following similar trend and trajectory. Buritica maiden resource was from 54,000 metres of drilling and reported NI 43-101 compliant Resources as follows: 630,000 Gold oz ( M and I) 2,500,000 Gold oz (inferred) Had all 3, Gold, Silver and Zinc. Anza has all 3 same as Buritica. (Look at Sep presentation). Anza 'maiden resource' should be based more or less on c.30,000 metres of drilling imo.....will find out soon. Since their maiden resource, Buritica has reported updated figures, latest being in 2015 which was fed into the 2016 Feasibility & Technical report. Newmont got into Buritica much late, compared to where they got into Anza. Newmont obviously spotted the geology and trend at Anza following more or less same as Buritica. I for one am thankful to Newmont for having OMI brought to my attention and investing at such low prices. GLA

Bhargav, I think you using Exponential MA. Almost there also. Under simple method, 50dma crossed above 200dma already. Little pullback was expected Friday on profit taking before weekend.

APTA has 2 extension zones on the same 'Aragon Fault'...Guaimarala & Jesuitas. La Cejita has Gold anomalies covering 6.1 sq.km Mineral Resource Estimate in Dec should be for the entire ANZA property, covering different mineral classifications.