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Lol..The 7p sellers are starting to move back in now.

FOMO building:-))

Looking set up nicely for a decent run.

Only just seen this as have been travelling all day and not paying much attention to markets.

This looks a significant step in moving towards finally securing a deal

Biggest mover in the small cap space so far this year has been vast resources after obtaining a ruling over some disputed diamonds which saw them move from 0.15p to 1p a move of over 500%+ for those quick on the trigger.

If MB can get a sniff of a deal being done here, it's difficult to imagine the scale of the vertical rise this stock would see from such a beaten down position.

6m market cap to >> 600m

Trying to work out the risk v reward ratio here and its a head scratcher as to what the downside risk is given on the face of it that alongside Bhukia they have a free carry of 18m to be spent on the JV at cascades to prove up a 2m oz resource which should be adding value over the coming months ahead as Bhukia agreement is thrashed out in the background

GLA

I won't be surprised if Newmont are very interested in brokering a deal of some kind for El Pantano as their Neighbouring Cerro Negro Gold and Silver Mine has all the processing plant and around a 10 year life of mine remaining at present production rates.

They have already commenced a grab for neighbouring land in the past 12 months and we must be on their desk as a potential target for a JV

Correct this can easily do 100%+ in a day, but usually it will gap up 40% on the bell before they let any on the sidelines in, so best to be positioned ahead of news landing

Far easier to build a nice position whilst its like this ahead of the herd arriving.

Accumalating whilst quiet ahead of a string of updates due that should see this re rate significantly seems a very solid strategy .

All good resource projects start with the asset

Genuine Tier 1 projects & Drill results the like of which ANZA has been revealing already from just the first two targets don't come along everyday.

That's why Newmont/Agnico are here

Noticed that the SP chart here is starting to strengthen as we move towards news landing

Good to see that folk are now starting to position ahead of expected updates which should see momentum build over the coming weeks.

Not surprised to see the traders start to arrive as all the technical indicators are suggesting its time to go long from here.

The fundamentals are excellent as we know.

Just needs a coupe of solid updates landing back to back over the coming weeks and expect to see a strong breakout rally

GLA

^

Once the Majors break silence & start publicly making noises about this being a 10-20 Million oz+ project

(Which by entering into phase 2 I'm sure they will)

That's when the small cap funds and ETF's will be piling in here and doing all the heavy lifting for those loading up now.

Saw ir all happen at SOLG > 1p to 45p in a flash as soon as they got their expansion drilling fully funded back in 2015 and the grades started to be released on a regular basis.

Same at GGP.

Phase 2 commenced and they went from sub 2p to 37p over the next 12 months and we already knew Havieron was a Tier 1 project (well the early ones did)

It won't really matter much what BG says as the Majors will be full steam ahead and churning out the drill results on a regular basis throughout the coming year ahead as they equally justify the investment to their shareholders.

Expect this to start to build towards the upfront cash payment and the gap up considerably on the phase 2 sign off then really start ro roof it as the drills embark on a largescale chunky program throughout the rest of the year.

GLA

@Bhargav

Agree entirely, that's the only reason we are here with a similar market cap to EEE who only have 9k oz jorc and a potential large copper target and 1.25m cash and will need to raise 6 to 9 times over the next few years if they run fast. Yet I'm happy to trade such opportunities and accept the risks as I also got in early over there.

In contrast ...

OMI will soon have 5m cash, $20m exploration spend all free carried for the incoming drill program at ANZA

And drilling up a genuine Tier 1 assest with proven grades, a Ni 43 101 model with follow up drill intercepts enabling updste block modelling up to 2-3Million oz Gold already and that's just from initial drilling.

There is NO other junior explorer that offer the potential upside here (and I've been in and hold positions in many at various stages)

So why are we down here around 14m market cap, is because there is hesitancy that the Majors haven't yet committed and the upfront cash payment to OMI hasn't yet been made.

Understandable.. there are risks and if there wasn't we would already be 30-40p+

However at sub 10p, the downside risk from here even if the Majors were to walk away is negligible imv as we are trading at around Net book assets which don't even correctly correlate to the existing block models that we will have in the data room and core sheds at the drill camp at ANZA.

Therefore like you I see this as an exceptionally rare opportunity to get in on a genuine Tier 1 discovery, at real basement levels ahead of the true value being laid out to market over the coming months ahead.

GLA

@DrR

Tbh,

I'll be more worried about the attractiveness of the UK to do business for foreign investment once the labour party are in power.

SMH.

Well established mining industry in Columbia which is crucial to their GDP.

Basically the country is reliant upon the mining sector so no issues.

Suggest take a look at the number of well established Globals operating in Country.

Cheers.

@fukurokuji

Same, got in around 1p and have to point out to anyone new that this is one of those shares that always seems to have a delayed reaction to news and often when news lands it takes a few days to work through to the SP action.

Anyway good to see a nice rise in anticipation of the incoming drill program and this has made a good move.

Would like SB to release news on the planned phase 1 of the maiden drill program but initial soil samples showing high grade copper and potentially decent silver credits also.

Morning all.

It is as you rightly say.

In my previous post I mentioned it was same last summer when I was scaling in around these levels whilst it was quiet which proved to be an excellent strategy.

I took a number of tranches last week and managed to round up my holdings earlier in the week to tidy things up.

Never a bad idea to scale in with tranches imo.

The chart is showing that the floor is in.

Waiting on confirmation of the following
> $2m payment to OMI
> New Mining company formation
> New JVA agreed together with a further $20m commitment to ANZA
> re- commencement of drilling at PEPAS
> New drill targets
> El pantano results from labs and next phase of fieldwork (likely drill program) next door to Newmont's Cerro Negro.
> updates from fieldwork at Brazil
> New Corporate update once new JVA completed. This will see OMI in a exceptionally strong position with around 5m cash at Bank and a further 20m into the new JV company to really push on with phase 2 exploration program where likely that once the Majors have a percentage % holding of the ANZA licences legally on their balance sheet for the first time ever we can expect them to be vocal for the first time ever about their prospects for the project to the market.

The potential for OMI to go on a really nice run over the coming weeks & months is very clear with multiple catalysts and increased coverage


Once all is agreed with the Majors and the news blackout is over I won't be surprised to start to see some proper analyst coverage and some punchy broker targets being released at many multiples of today's SP setting out the potential we have for ANZA to become a globally significant Tier 1 Asset in the making

We are into March next week and opening of the newsflow window.

GlA

Newmont earnings out today

https://m.miningweekly.com/article/newmont-meets-2022-guidance-2023-02-23

Not listened to their full markets call, but stating they are still committed to further acquisitions

Pure coincidence that we discussed Mike Maloney a few days ago on here.

Today I noticed that he has just given his first interview for over 3 years earlier on today on Stansbury Research

You can find the interview on YouTube by searching up the following clickbait title

"We will all be trapped; something big lurking beneath the surface warns Mike Maloney"

Interesting listen all the same on how he envisages the next big gold & silver run to play out and how there are now over 18 x times the potential market participants for the next gold bull run than we saw in the last one.

You said it yourself.

Wolfy123
Posted in: OMI
Posts: 218
Price: 8.80
No Opinion

RE: OMI next Tier 1 Exploration Multibagger17 Jan 2023 07:14

"Confirmation of 2million payment clears any doubt of eithee major walking away"
.

> Phase 2 will see the next drilling underway.

Only speculation at this stage allowing a sub 15p entry imo

Once that has been removed

Happy to see this continue to just keep rising from here all through spring/summer and onwards as seller's cleared and those who want be in ahead of the institutions load up to be part of the next big Tier 1 journey

GLA

That NT was at 7.5p when we discussed not being able to buy even £100 (and that was with a seller at the time) so obvious the stock was being mopped up

Either way......

I mentioned at that time that the SP action was/is very similar as last July/ August when we were in this range and waiting on news and a few weeks later it was nearly 20p.

The next wave up should be far more powerful with 20m + 2m coming in.

GLA

Ask now 7.9p for the next 80,000 shares.

Going to NT for any size over until next nudge into a higher range.

Looking good for a strong run up now towards news now.

Agree

Alongside the clear massive upside potential at the asset level, the corporate level is now looking as de risked as its been in recent history.

Looking good imo as we start the run up towards phase 2 program

GLA