Member Info for MisterPositive

forecast by end of this year.

http://www.kitco.com/news/2018-09-27/Indonesians-snap-up-gold-as-local-markets-stumble.html

JAKARTA, Sept 27 (Reuters) - Indonesians smarting from a falling share market and a currency near 20-year lows are turning to gold as a safe haven, boosting sales of retail ingots and encouraging state miner Aneka Tambang to up production.

Financial markets in Southeast Asia's largest economy have been battered by capital outflows, as a rallying U.S. dollar and global trade tensions spur some foreign investors to desert emerging markets.

Jakarta's main stock index has dropped nearly 7 percent this year, bond yields have soared and the rupiah has fallen 9 percent to around its weakest since the 1998 Asian financial crisis.

No wonder with little bit volume and Buying pressure, MMs start scrambling for shares as not many around.

Quoted 8.18 for just £1000 worth. For £3000 worth now Quoting 8.27

More or less each Buy ticks up in higher price for the next fella...

Not many folks willing to sell below 8p... Why do MMs even bother? They need to raise the price to attract few sellers if they want to grab few shares.

Typical, they drop it but won't let you buy....LoL Then take it back up.

Think MMs collecting few cheap shares.

That incident was at Continental's Berlin exploration project many miles north of Buritica deposit. Anza is many miles away way down to the South. Newmont invested after that incident. They know what they doing. Nice try though bringing it up (again). You need to check location of the incident first, before posting and get your facts right.

Yep. Few decent Buys and the spread jumps. Market waiting for drilling to resume with Newmont leading the way. I would expect they will soon get a move on with much broader drilling programme. Cheap prices won't last too long. MCap £12m is an absolute joke.

Icarus69, Do you live outside UK? If yes, then that could possibly be one reason why you being asked to fill that form. Tickers are: OMI.L (London) OMI.TO (Toronto)

We just have to wait for next WH update. Lot of speculation, currently with weather forecasts too.... Just wish they had done WH first over the good summer months instead of SL.

I bought more in my ISA account online today with Barclays. Did not have to fill any form.

Ah ok. I think Degsy is a household name...LoL Joking aside....,most of us do our own research OR at least we should. I don't always agree with his modus operandi....but Newmont deal speaks for itself. So we have common ground here. I am hoping our chum Degsy will settle down now with our new OMI girlfriend and live happily ever after..,..LoL. P.S. no offence Degsy, just light banter.

SoulDoubt, Best valuation comparison should be with Continental Gold's Buritica deposit which is right next to Orosur Mining's ANZA gold deposit. (See my last post). Share Price pattern wise, OMI more likely to follow same trend as SOLG. Either way, potential Upside for all OMI shareholders is unbelievable. This is just the start. N NEWMONT just gave OMI a whole new makeover.

Soulsister, You cannot paint everything with the same brush. AIM is news specific, with each company having its own potential Upside. Never invested in IMTK but saw it on the fallers list today, with another party walking away from making major investment. Same happened with similar 80% drops on Ggp when Newmont walked away and BPC when this unknown oil major walked away also. IMTK rose from 4.10 (16 July 2018) to 11.15 (6 Aug) approx 175% increase in anticipation of that major investment. OMI rose AFTER Newmont made the 20% investment at 102% premium & the Strategic deal funding it all the way to Production. So there is no uncertainty OR speculation with genuine gains, albeit Market not yet fully pricing in Newmont deal benefit. Newmont paid only 46% premium to Continental Gold for same size Equity stake. So they clearly view Anza Gold deposit as superior to 'Buritica' gold deposit with 8.4 g/t average grades Vs Anza grades at over 10 g/t from just drilling 10% of the 207 sq.km land area. Anza looks to be a monster. Yet Huge divergence between relevant MCap. Continental: CAD$ 520m Orosur: £12m ? Over time this gap should narrow. Hence the unbelievable Upside that lay ahead. Imho, Dyor.

Agree. Broadly speaking its demand n Supply that defines rises. But MMs can easily manipulate prices on low volumes, especially on stocks with very little shares in free Float. Saw exactly the same shenanigans on MATD last year when it rose from 6 > 38p in just 2 months with a small free Float. OMI should take off....not IF but when. Wait till drilling starts at Anza. This will come Alive. Great Buying opportunity at these low prices.

Drilling to commence soon. Healthy consolidation around these levels. MCap under £12m ? Does not remotely reflect the fact NEWMONT onboard and will lead the drilling of rest of 90% Anza gold deposit.

odd behaviour today......messed about with Spread ALL day.....seemed like it was their Day Off ?

OR

may be, it was that new..."Intern"....who made a mess of things today?

Need little buying pressure to crack 9p....

had 2 attempts @ 9p in 2 days in a row. Thought we would crack it today....still can OR tomorrow?

Strong chart perfectly poised for the Next Leg UP.