Member Info for Phoebus

There have been plenty of piddly trades on both sides this week. Big buys at 0.50p and then a tiny sell at 0.46p etc. Fools selling tiny sums well below where I could easily sell 8M. Makes no sense and it's really distorting the market.

Yeah. I don't believe it's just newbie traders at all. The whole price action this week has been a class act in obfuscation. Piddly trades, SP all over the place, masses of delayed trades and almost stagnant SP with a very slow downward slant. In a declining SP environment like this I'd usually say it was MMs slowly dropping the SP to get buy orders filled. Very strange week.

As I said before the volume on the LSE never mind Acquis the day before the placing was announced was enormous and way bigger than the entire placing, so it's quite possible that most or all of the placing shares have already been sold. Moreover, the slow price action this week may be due Victorian Gold exercising its warrants at 0.42p before they expire in a few months. Even more cash for ALBA's kitty if that's the case.

I see UKOG just did yet another placing. Now we know why their SP fell on HH-1 update yesterday. LOL

The volume over the last two days is more than enough to clear the £200K of warrant at 1.6p, so I expect we're about to hear those have been exercised. With that out of the way and another £200K in the kitty AYM will be clear to rerate ahead of the Parys report release.

Probably someone derisking ahead of drill results as they always intend to. Let them go. I see no reason to do so in this case as I'm very happy with the risk reward at these levels. 4 drills in Guyana and one in Suriname over the next nine months with plenty more to follow. Biggest risk here is not having any shares IMO.

It's just the end of the daily 10:50-11:00 auction.

As tempting as it is to try and trade out for more shares I'm not getting fancy with this one. OMI's outlook has been totally transformed and am not prepared to risk being left on the sidelines as this re-rates for the sake of a few extra shares. Locked and loaded. ATB

Anyone who's done any research on this beauty will be dribbling all over the place seeing the SP pullback. Crappy 600K positions can be topped up ;) and others finally get a chance to buy in. Expecting major demand on all dips. Come here my precious!

Relax. Would you not expect a pullback in an illiquid stock after a 200%+ rise? It has risen due to a fundamental and transformational change of circumstances and there will be a queue of people a mile long waiting to buy in on this and every other dip going forwards. I expect the SP to continue to be volatile given its illiquid nature, but to consolidate at higher and higher levels as the accelerated exploration campaign with 2 majors onboard gets underway.

You do realise SPs don't move in a straight line, right?

If you're invested here, I guess you know the answer.

Market has clearly woken up to this share after yesterday's RNS. Yesterday's volume was almost the highest ever. Report now underway should reveal a massive uplift in valuation and with results only weeks away there is now a major catalyst to drive the SP higher. Given the market cap, this should do very well from these levels. GLA

Agreed. Funding is unlikely the reason for the drop. The big seller seems one good reason. Sell on news another. Cash already in the bank means they don't need more immediately and given the appetite for gold stocks at present and the fact they are about to drill one of their main projects the likely play is ramp the SP and place into liquidity, not dump it on results from minor project and place at a very low market cap when you have catalysts to drive the SP dead ahead. That would be ar_e about face.

Looks like TSX closed at 33c = 19.28p. Excellent solid performance.

'Only' 600k shares. LOL

TSX. 20.16p.

TSX 18.37p.

Degsy, GGP reached 2.55p in January 2019 giving them an £83.8M market cap, which equates to a 52.34p for OMI. How does the outlook for OMI's Anza investment compare with how things looked for GGP's Havieron investment back in January 2019 when much less had been done I wonder? Expectations of £100Ms short term are pie in the sky at this stage, but a move to the £50-75M market cap range is surely feasible is it not as exploration with two gold majors on board cranks up a gear and with gold much higher than it was back then?

and gold sector continuing to move up.