Member Info for MisterPositive

MMs after some shares by the looks.....

Have they got wind of RNS on its way ?

just looking in.....

Plappers your Mon 21:35 post was an absolute cracker......LMFAO.

Like your sense of humour.

https://www.kitco.com/news/2018-10-22/Gold-Is-Regaining-Its-Portfolio-Hedge-Status-BAML.html

Interest in gold as a portfolio hedge is coming back this fall, with Bank of America Merrill Lynch (BAML) strategists projecting to see another short-covering rally in the near future.

BAML’s positive gold outlook is based on extreme short positioning in gold futures, weaker U.S. dollar forecasts, and investors’ increased demand for a portfolio hedge, the bank’s strategists wrote in a note published on Friday.

"The current environment is one where the precious metal is regaining its prominence as a portfolio hedge and has value now,” strategists said. “The market is currently very short gold futures and the likelihood of a relatively less hawkish Fed into year end and 2019 can prop up non-dollar crosses and increase the value of gold.”

In my view, Dow would need to drop another -1200 points from last night close to complete -10% correction.

Some market pundits expecting this correction to go beyond that...15 - 20% correction or even more.

2019 will be the year of Gold and OMI in my view.

Love the timing of NEWMONT getting in just when Gold cycle about to tick UP.

AND....that is why they are Worlds No.2 Gold producer with over +$17 Billion MCap.

Newmont could swallow OMI for just £150m to £200m on the cheap anytime in next 12-24 months.IMO.

Current MCap here is £10m ?..........WTF

Might see 400-500 point drop on Dow today. Dow Futures -250 points German DAX down -250 already.

$1239 now

Well done to those already in and those currently in the Queue waiting to buy their golden tickets. With only 100m shares in Free-Float...re-rate here from current ultra low MCap could be fast n furious.

$1237 now Orosur should absolutely Fly...and probably provide the most substantial ROI on capital invested today.....no doubt in my mind at all. Wider market currently mis-pricing OMI at a hefty discount to where it should be IMO.

Hang Seng down -807 points now. China is slowing and even US is starting to slow. 25% tariffs on Chinese kick in from Jan 2019....will only make things worse. Next year Gold and OMI both should fly. IMO

Of 5.4p was for c.219,000 oz (mean) back in Jan 2017 based on holes 1-53 drilled by Waymar Resources. OMI since then have drilled holes 54-71 with significant high grades and continuous high grade mineralisation. Depth increased from 275m >400m and still Open. Current estimated resource should be 3x times what Edison used back then. This should be closer to 15-16p currently. IMO

Once 1250 goes, expect $1300 in quick order.

Nikkei down -604 Hong Kong -780 Dow Futures -270 Gold looks set for a big day. Buying at these prices and soon should be laughing all the way to the Bank. No brainer...

Gapped Up as expected. Next leg Up about to get underway.

Is on by the looks. Next targets to crack: 1275 1300

Yep. Orosur Mining is actually Canadian company dual listed also in London. OMI.L OMI.TO

Ma5k, That's your opinion. But I disagree. AIM is news specific. OMI is unique and serves as a solid defensive stock with Gold in an upcycle with all geo-political tensions bursting all over the place. Brexit No deal is another time bomb...just waiting to go off. Business cycle is in 'Late stage' with layoffs started already and downturn in play. Wall Street in correction mode after hitting all time highs.....with lot more correction to come IMO. 20% y-o-y growth not going to happen forever. I will tell you what's in Bubble valuations....Amazon, Apple, Google, Facebook (FANGs). Have you seen debt levels at Netflix? Also wait till advertising spending cuts kick in. Rest of the world, is on a totally different page. China is slowing down already with GDP declining. Wait till 1 Jan 2019, when 25% tariffs on Chinese kick in from the current 10% so far. Debt levels in China are scary. Wall Street already forecasting $1700 Gold in 2019. Gold and OMI both should be a winner and Newmont know it. Gold and Gold stocks rise during wider Market correction. I fully expect Gold to revisit $1900 or even $2000 in this current cycle that is just starting. Hence I am going overweight here. Also feel very strongly Uruguay gold mine should come back online in next 12-18 months adding hefty profits to OMI's bottom line. IMHO, DYOR.

Some of you might know your charts....but this is due a strong bounce soon. Just need volumes to kick in and watch this go. We can then archive the charts....lol

Chicken, Sources?.....yeah right ?

fair point there.....but dont leave it too late.....

Bottom is in....

Chickendinner,

This should Gap Up in the morning coz of the false closing price.

This is common knowledge....MMs play around using Wide spreads all the time across AIM. Small free float of shares just compounds the problem for MMs when they cannot grab cheap stock.....hence dropping the Bid after the smallest of Sell trades......will not be surprised if they put those small trades themselves....LoL

In my opinion.