Member Info for MisterPositive

Some traders get out too early. They can make 100% from here in quick time if they hang in a little more than just 1 day. Chasing rainbows elsewhere, when biggest upside is right here with NEWMONT buying in 20% and leading the way.

Loading up at these low prices before the herd moves in. With Buying pressure this would be at 10p in minutes. Market will catch up....always does. Key is early entry not after it bags from here.

Agree. In time I see the needle for OMI moving from Smallcap > MidCap Explorer. Extremely undervalued with tiny MCap. Also keep an eye on further developments in Uruguay mining operations.

“For the gold market it’s a deal that is better done than not,” he said. Cieszynski also thinks that the merger bodes well for the gold market. “Barrick wouldn’t have made this move if they thought prices were going to be lower a year from now,” he said. “Companies are starting to see value in their own sector and that sends a strong message to investors. I think Barrick sees a strategic opportunity to grow their business and add value.”

http://www.kitco.com/news/2018-09-24/Barrick-Randgold-Merger-Good-Sign-For-Gold-Market-Analysts.html

http://www.kitco.com/news/2018-07-02/BAML-Continues-To-See-1-400-Gold-By-Year-End-Despite-A-Stronger-U-S-Dollar.html

Investing.com You can see full history, High, Lows, with dates etc. Anybody can view historical data.

IRR 25x bagged in 14 months - (Feb 2016 > Apr 2017)........+41.00p (from 1.625p)

SOLG 29x bagged in18 months - (Nov 2015 > May 2017).....+46.25p (from 1.6p)

OMI....is next.....and primed to follow same pattern. Imho

Time to load up. Added a few today also at these low prices.

Solg MCap £653m That is 65x times that of OMI. Granted Solg is at more advanced stage today.....but was once low MCap also. Just goes to show MASSIVE Upside for OMI from current MCap...

There you have it.....

20-50 Day MACD Oscillator:

Strength: STRONG
Direction: STRONGEST

First of the Bullish indicators that leads...

GGP current Mcap £40m......WITHOUT Newmont.

OMI current MCap £10m..........WITH Newmont

How the feckk does that work ???

OMI MCap should be well in excess of £40m in my opinion and still will be cheap.

33.8% shares held by just Top 4 Holders.

Top 5 Shareholders (as at September 10, 2018)

* Newmont Mining Corporation 19.9%
* Gold 2000 5.1%
* Continental 5.1%
* KBC Group 3.7%
* Interactive Investor Trading 3.0%

New Zone Discovered in APTA - 450m Strike:

MAP_60

• 5.5g/t Au over 3.34 metres from 70 m depth
• 4.86g/t Au over 25 metres from 222 m depth

MAP_62

• 5.09g/t Au over 5.3 metres from 60 m depth
• 5.00g/t Au over 23 metres from 217m depth

MAP_70

• 6.35 g/t Au over 11 meters from 256 m depth
• 5.02 g/t Au over 14 meters from 284 m depth

This zone is characterized by strongly silicified breccias with disseminated sulphides like pyrite, sphalerite, chalcopyrite and traces of galena.

La Cejita - is one of the biggest targets at ANZA, not even drilled yet...(started with APTA...now Charascalla).

* demonstrates gold anomalies associated with tonalite and diorite intrusives that cover an area of 6.1 km2

* A gold anomaly measuring > 1 km2 is present and associated with the northern edges of the intrusions. Porphyries and vein targets have been identified.

think OMI just woke up

* APTA high grade gold mineralized intercepts now covers a strike extent of 1.5km and depth extent of 400m:

* those high gold grades are from only 10% of the area drilled.

* Abundant high grade drilled gold intercepts

* APTA remains open along strike and at depth

NOTE:

Over 35% of holes drilled have intercepts grading of over 10 g/t.

bought 19.9% direct stake in OMI with the right to increase their Holding. Indirectly hold 21% of OMI.

URUGUAY

* 100 Km under explored Greenstone Belt.
* Produced over 1.4Moz to date
* Loryser put Mine in care and maintenance in Aug 2018.

OMI need more deposits to feed ore to their processing plant. All infra-structure in place, ready for Operations to re-start. "Veta A" is the deposit they want to bring online with probably the $2m CASH injection from NEWMONT.

Watch this space. OMI free to focus on Uruguay while NEWMONT get busy at ANZA.

This will re-rate significantly soon as things get moving. Wont stay at this low MCap forever.

Funny that OMI has one of the lowest MCap and we already got NEWMONT.... Other gold explorers WITHOUT Newmont have much higher MCap than OMI??? OMI is clearly 10x Bagger from such low MCap in my view with Highest Upside vs peers. All other Gold explorers have much higher Multiples MCap and are much much more expensive. In my opinion OMI is headed back towards its glory days when it was £3 a share in coming years (not overnight). Follow the Newmont lead....they know hidden value when they see it. IMHO, DYOR.

You really think NEWMONT going to wait 12 years before Taking over OMI? They can Make an offer tomorrow if they wanted and take control of OMI. Newmont already control 21% effectively of OMI. They can bring Uruguay back to production in Double quick time and start adding ounces to their declining gold production. While they advance ANZA at the same time.

Barrick today announced an All-share merger with Randgold Resources and will own 66.6% and Randgold owning 33.4% of the combined enlarged entity. Barrick secured its crown position with access to more Gold oz production and maintaining its crown position as worlds largest gold producer. No wonder NEWMONT is in a hurry to grab Gold projects in Colombia to gain access to extra gold ounces production OR risk widening the production gap further with Barrick Gold. Interesting to note when NEWMONT say, they reserve the rights to increase their share holding further. I would expect NEWMONT to pick another tranche of shares in OMI soon...at what premium this time ? Interesting few weeks/months ahead as battle between world no.1 and 2 shifts gears.