Member Info for MisterPositive

for even £500 worth........WTF going on ?

US Dollar backing off after hitting 16 month peak.

Most Asian currencies taking big hits...could potentially lead to another Asian currency crisis !!!

No wonder LBMA forecast weaker Dollar in 2019 and $1500 Gold.

JP Morgan / Deutsche....both have $1700 Gold forecast for 2019.

Silver $14.61 (+2.30%)

Gold Dec Fut $1231.5 (+1.35%)

Newmont COO takes his new position today...1 Nov. Might get an update soon on next stage of drilling at Anza. Dec Feasibilty is seperate piece of news highlighting the robust project economics at Anza.

for next year. London Bullion Market Association at a meeting in London (30 Oct) issued an upbeat Gold forecast for 2019 and expect $1500 price next year. So many market analysts are forecasting weak US Dollar next year after it hit 16 month peak recently. Stage is being set here in my view for OMI to outperform the peers in next 12 months from such low MCap.

Professor, Exactly. Some do not understand it and keep mixing it up with Orosur. Operations have always been at Uruguay subsidiary where they have been operating profitably for so many years as seperate legal entity. Need to reduce their unit cost there and Gold price to increase to get back to profitability. At Anza (Colombia) its only been Exploration work for which Feasibilty report has now been commissioned to highlight the project economics which look pretty robust going by Buritica as proxy with only AISC $492/oz. Anza should display very robust economics.

get your definition of ramping right.....

I have always quoted Company comparisons based on Facts and info in Public domain.

Rest is my opinion based on my own research, that I share with others, often providing links for own validation.

You probably not a basher.......unlike some others.

But that's exactly what the objective of these Bashers is.....they start with a Negative Header/ Thread title.....hoping folks would keep replying using the same THREAD......big mistake (need to change to POSITIVE thread).......

Bashers aim is.to spread fear, with false statements, create confusion, for 'Others' to sell....coz those Fekkers are short when they are bashing....OR.....looking for a lower entry.

Why the Feckk else would they be here?

Guys,

I am here all the way. This is the Best risk / reward, I have ever seen in my +15 years.

NEWMONT.....is the Word.

Ignore, the daily fluctuations, shorters and what ever else......

Market is way too BIG.........than just a few de-rampers.....who only play with a small time window.

Expecting one mother of a Re-rate here......this would climb back UP twice as fast last time.

Market always seem to Overshoot....just like nothing goes Up in a straight line....and vice versa.

Islandgirl, What mission is that? I am still here and staying here.

May be Webbs and Chicken shorted this? Then the constant bashing....

Dec Creditors meeting is for Loryser (Uruguay) who hold the debt, NOT Orosur. They are 2 separate legal entities. Loryser is re-structuring its own debt with its own Creditors WITH court protection. Their Creditors cannot touch Orosur as far as I know as 2 seperate legal entities. Many have got this all mixed up. IMO

Webbs, Why you keep mixing Anza with Uruguay? They are 2 seperate things.

In my own opinion, Feasibility report could have been requested either by Newmont OR those other parties, that OMI was in discussion with at the time. Will find out soon.

were restricted to 19.9% for a reason....otherwise they could have bought the whole company on the cheap. Company management clearly see value of ANZA high grade Gold deposit at many Multiples of 5.4 what Newmont paid. Think about it.... Newmont just got their foot in and with first refusal. Also do not forget, Newmont were selected from a number of interested parties in discussion at the time.

My own observation is some punters sold here and took a punt in Angus which looks very Overbought now. Just looked at the charts. Good for you if you took a chance and made some short term profit. But that trade could reverse now and lot of folks could be back in OMI soon.

in 12 months according to LBMA poll. London Bullion Market Association. $1532 by next conference in 2019.

Well Newmont themselves would need about 700,000 shares to Top Up in order to get back to 19.9%

Looks like MMs wanted to create some volume after the slow drift past few days. This could be back Up in afternoon.

Yelacoirli, Agree with you to a certain extent. Newmont is fully funding Anza to production. Paid $2m to get in, with another $2m cash payment due within first 2 years of Phase1. I still believe Newmont would Buy Out OMI outright well before 24 months, just like Miramar Mining. Uruguay operations on hold....and seperate legal entity. NO cash burn. Loryser negotiating an agreement with their creditors, probably with Govt backing also imo. They have had an excellent relationship with Uruguay Govt and one of the major source of employment since production in 2004. San Gregorio is the only producing Gold mine in Uruguay. Sure, this can 3x Bag in an afternoon on news, with only 100m shares in free Float. I am comfortable with my Holding here. It's those who are not in....that might be nervous about leaving it too late and missing the boat. IMHO.

This is as close as it gets to what Newmont paid. US 10-yr yield back at 3.15 and expected to rise even further as further US rate hikes come in. Profits forecasts for next year being cut. Slowdown in China already with possible further falls in GDP. US Dollar at 16 month peak. Majority of market analysts expect Dollar to peak and then fall next year which is when Gold is going to make a major push Upwards. Daily price fluctuations mean nothing if you can see the bigger picture. De-rampers waiting to get their entry price. Always amazes me when some are fixated on a specific entry price when the Upside from here is likely to be many Multiples. Resource value at Anza is defo a lot lot more than just £9m MCap.