Member Info for MisterPositive

As far as I can see, 4p was simply reference price used to calculate how many shares company needs to issue for face value £65k Bond conversion. (£65000/0.04) = 1,625,000 shares. Probably from older Agreement struck between company and Bondholders. If they had used 1p ref price, then they would have issued 6,500,000 new shares for the same £65k conversion. Face value. So lucky you got lower dilution in terms of Qty of new shares to be issued.

US 10-Yr yields at 3.23% and rising....spooking Wall Street and other Global markets. Inflation is much stronger than Fed been trying to make out. Risk of even more higher interest rates went up further. Gold should make a move Up out of no where...been consolidation very well. All time high Short positions in Gold need to be unwound leading to a big Short squeeze coming up imo. JP Morgan forecast of $1700 gold next year could very well be on the money. Anza Gold ounces should become more valuable as Gold be a huge beneficiary from an overdue correction on Wall Street. Perfect timing to get into OMI for 2 reasons: 1) Massive Upside from such low MCap. 2) Hedging your portfolio from a major correction on Wall Street that looks inevitable in my opinion.

next week anyone....

Forget the Charts....

> Current MCap just does NOT reflect the fact Newmont own 20% of OMI

AND

Fully funding OMI to commercial production.

> Even @ 20p our MCap will NOT be even same as GGP current £32m Mcap....

At the moment, Anza has a strike length of 1.5 kilometres and depth of 400 metres...and

Open in ALL directions, and at depth.

If, as Salazar suspects, APTA and Charascalla actually join up across the intervening ground to form one major deposit, then Orosur and the government of Colombia will be big winners both.

Anza looking very much like a +10 Moz high grade Gold deposit.

They still have NOT touched "La Cejita"....which looks like 5x the size of APTA.

Charascalla itself looks DOUBLE the size of APTA itself.

Bring it on......

Mcap £13m ?.......totally insane......

Mcap should be closer to +£80m to £100m imo.

Guest(s): Frank Holmes CEO, U.S. Global Investors

"The Barrick-Randgold merger, one of the largest mergers ever in the mining industry, is indicative of an important turning point for gold, said Frank Holmes, CEO of U.S. Global Investors."

“Usually these things happen at the bottom of the cycle, not the top, and that’s really interesting because they start to drive economies of scale to get growth,” Holmes told Kitco News."

"Holmes added that many in the industry agree that we have reached peak gold, so investors and miners can expect to see supply shrinking."

P.s. No wonder NEWMONT on a buying spree on the highly prospective Mid-cauca Gold belt to accumulate as many Gold oz they can.

Not been too many Major Gold discoveries. Both 'Buritica' and 'ANZA' should serve Newmont really well with Gold forecast of $1700 next year by JP Morgan.

Outside chance we could see 11.50 today

10.18 Only takes a few Buys for this to tick Up. All AIM traders should make their way to OMI.....then watch this rocket to 25p

Yep. This time hopefully this will Cross that 13p retest that needs to happen en route to 18p. You cannot keep a good share down... Crazy low MCap should attract lot more here And Newmont wants to buy more too...lol

Traders are on every board and needed frankly which creates volume. If the story is good, then liquidity will follow. Also with Gold and Silver set to explode, OMI with high Gold grades provides a perfect hedge also in addition to the phenomenal Upside from current very low MCap.

Brainer what makes you think premium Placing, especially given the current weak financial position company is in?

Don't worry mate. Somebody has to sell for others to Buy. Trend is Up. Traders will be all over this. Only 100m in free Float

Yep. Newmont will try to get the rest of 80% on the cheap... Anza looks like a 'Monster' high grade Gold deposit going by those super high grades from just 10% drilling. Degsy, Grades list please....LoL

Yep. If Newmont were to pay same $109m for whole of OMI.....that would be over 50p

15-18p should soon be the new range. Before moving to 20-25p And so on. Anybody getting in here should make a decent profit in coming days/weeks imo.

Make them pay for your shares. These golden nuggets are worth a £1.00 at least...and that would be the low end. Newmont Mining bought 20% on the cheap. Make them pay for rest of 80% they want.

This could get to 18-20 fast with current momentum.

needs to happen en route to 18p price target from Zak Mir chart. we might see it on Monday.

This is easy hold from here. Will get very interesting from here. Zak Mir raised near term pricetarget to 18p from 15p....that will be a start. Even at 20p MCap will still be below current Ggp MCap ?

He bought in.....on same side now....LoL