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I'd imagine all your purchases will look absolutely fine when considering the likely fair market valuation for a Multi Million oz+ Tier 1 Gold mine being developed by two global Majors.

Certainly going to be many multiples of the present 14m market cap here.

Agree, gold starting to look bullish on the charts.

Thought it a strange time to put out what was a good RNS at a time when most are switched off over Xmas.

Be interested to see how this moves over the coming weeks and starting to see some very 'punchy' price predictions for Silver over the coming year.

Very exciting Q1 period ahead for OMI

Updates anticipated to land throughout January and rest of Q1:

>> Assay results from Argentina
>> Re-Assay results from Pepas, Colombia
>> Feildwork results from Brazil
>> $2m contractual payment ro OMI (albeit this could come later on.

Consensus appears to be that the really big news will land towards to end of Q1 to include:

>> Confirmation of the next $20m drill commitment (all free carried to OMI.)
>> Formalisation of the NEW Joint Venture Company
>> Details of phase 3 agreements.

After some of the above updates have landed, noted that the re-assay results from Pepas and the additional $2m cash payment to OMI could all land at the same time as part of this new joint venture package.

c.100% potential SP upside just to get back to where we were trading in anticipation of getting close to confirmation of the New JV formation / $20m drilling commitment/ $2m payment and we whilst delays are frustrating it is what it is and provides the clear opportunity from this level.

Several opportunities for positive catalysts over the coming weeks should see the share price recover from these oversold levels.

GLA

Hi Seingred

At the point Buritica was sold it didn't have 11moz

It was actually about 3.7Moz and had a report out forecasting 250,000 oz production over a 14 year LOM .(check the news and technical reports from the point of sale)

It's really great imo that its now gone on after sale to prove up to be a Monster 11 Moz as I think we are onto something very similar here.

From the drilling at APTA alone I suspect we could model up around 3 Million ounces,.and we've yet to explore across the full length of strike.. very exciting

Pepas is clearly another high grade anomaly with wide intersections already revealed.

I only post to help where I think I can.

I even posted over on your CNR which I know you spend a lot of time, to state I thought there would be a fund raise, just said it once to hopefully help those that could take it or leave it and days later a fund raise occurred.

I like looking at the posting history of others to see how good they are at calling moves. Sadly nowadays far too many seem to get off on posting abuse, arguing, spreading fud, constant negative nellys or generally conducting themselves in a manner I would prefer not to engage with. Its a sad indictment on society.

My posting history is there for all to see.

In feb - I called KERAS from 4p to 12p (200%+) about a month before it moved.

In March I called Poly from 130p to 300p (150%+) about a month before it moved

In April i called VAST from 0.4p to 2p (450%+) I also called its total collapse as it one of those 'not so safe producers' that can't afford the debt its taken on.. like many other producers that I won't bother to name as not to upset their fans.

Took most the summer off sailing.

Recently called the break in BOIL from 0.10 to 0.30 and correctly stated that once the range traders saw.it break the range it would move.

Recently called EEE for 100%+ gain

Also called ORR for 100%+ gain

Its all in my posting history.

I could mention other like the majors that I picked up on multi year lows like Newmont, a.few OMI holders over there also

Imv OMI will be a VERY BIG mover from these bargain levels.

Keep those dividend payers tucked away that you got on the lows.

I'll be doing the same, but see the opportunity for significant capital growth in OMI.

Genuinely wish you good luck and success for 2023

Atb.

Being on a free carry here with Agnico & Newmont meeting all the costs of drilling makes this a very different situation to other exploration plays that are out on their own.

Agnico and Newmont are paying for all of this exploration cost.

Something that makes this a highly attractive proposition vs peers who need to meet all cost themselves.

Yes, think I spotted you over on AAZ and CEY

Great call in adding them on the dip. I managed to pick up Newmont on its mult year low also which I'm pretty happy about.

188p is 350m market cap here

Very cheap in comparison to our neighbour Buritica which sold for 1.3 billion

GL with all your holdings.

I'm in many Goldies, one of which is CEY.

You could at one time buy CEY for 7.5p

It's now c.114p and has been as high as 220p and it now pays a healthy dividend.

No chance of ever getting in there again at 7.5p

But you can get in here at 7.5p and there is an online chartist who has a multi year price target for OMI at 188p which is what i think you are trying to establish (longer term price targets.)

OMI grossly oversold at present and ready to bounce back

Levels to respect on the way back up

15p range if holding above this then will be looking to 28p above this 44p next resistance and above this 90p then steady rise to 188p, but that's more for those tucking these away and not interested in the day to day movements.

Take each level at a time, but OMI ie massively oversold down here at 7.5p

Long termers will be locking some away from these levels for pension holdings, but suspect traders will be in around news and inflection points.

Overall trading well below fair market value on both the fundamentals and technicals here.

GLA

Hi Bhargav

I have been scaling in and adding in multiple tranches (dozen or so) over the past 4 weeks!

I think you even commented on that fact that we had seen a flurry of buying activity ahead of Xmas, quite a few of those trades were mine.

As mentioned, I'm almost at full position but do have some further cheeky limit orders in. Suspect a few others might also.

If they get triggered all good, if not and the SP starts to get away from the present range as news in Jan starts to land then the multi tranche buying I have already been doing at market best over the past month whilst we sit on multi year lows ahead of updates will be equally sufficient.

It still looks like the MM's have been accumulating any loose stock this past week so it's looking far less likely now that they will move the price down to fill either my or anyone else's limit orders sat at below market best.

Very difficult to predict what updates will land in Jan, but the potential is there for the following:

> Assay results from Argentina
> Re-Assay results from Pepas, Colombia
> Feildwork results from Brazil
> $2m contractual payment ro OMI (albeit this could come later on.

I also think that the really big news will land later on in Q1, possibly towards the end of the quarter and expect by that stage that the SP will be trading in a much higher range.

GL

Let see as PoG keeps moving up.

If you re read my post you'll see that I note the sector will be a beneficiary in the scenario I have described and you'll not notice those funds taking positions below the threshold.

You'll find I won't change my view with the wind and remain very bullish here which I think you are also, perhaps on slightly different timescales as you stated. No issues with that.

Also, you can check out all my posts on the other bb's I have mentioned to validate what I have stated, really easy to find as especially on the large cap majors they aren't so many posters, a few from OMI have posted on Newmont / AAZ / FRES and CEY although less frequently & tend to see more macro discussions on these bb's

GL

BG has already confirmed he has talked to the numerous mining industry investors/ funds etc who confirmed they will be buying once phase 2 funding in the bag.

That's what happened with SOLG and GGP.

Junior gold miner funds no doubt have requirements to see the phase 2 funding RNS before stake building.

Expect to see more funds start to flow back into the junior gold miner ETF'S as PoG starts to pick up

These funds will then start to be deployed into this sector and OMI alongside other good prospects arw likely to be a handsome beneficiary with our newsflow lined up in Q1

Rob,

Tend to agree with most of that, most of my portfolio is in Gold miners, I have the producers that I managed to pick up on their lows in November ahead of their recent bounce such as Newmont, Barrick, CEY, AAZ. FRES

Some of the above have already bounced 30%+ over the past two months as PoG is picking up and these are large caps.

In the small cap space which generally lags behind once the majors make the initial move up I've had some nice recent doubles (100% gains) in the likes of EEE and ORR.

Got a large watch list of other potential exploration companies, where they sit on the charts and news flow lined up.

OMI looks a certain to AT LEAST double up from here over Q1 imo and depending on newsflow could go considerably much higher.

As sharetrader123 has previously stated the fact that we have two of the top 3 global majors thrashing out the fine details on the Agreement and were happy to overspend their commitment in phase 1 tells you they are exceptionally excited with what we have.

Who knows when we will see the re assay results land, we have been told they have sent for re-assay as fire assays can only conform grades up to 10g/t and these were showing as over assay and therefore likely when being including into the resource model.

Yes Argentina assays are also due now and if as BG has confirmed they have found out cropping seams at surface, I'm not surprised Newmont are interested, not doubt they would want to lock this land down, but let's not forget Anglo are also in the area.

I think If the Tin is proven up, we could maybe look to sell this to the nearby tin mine processing operator and maybe just take a royalty. Even a small % NSR could be a quick route to free cash flow.

At that stage the funds will be wanting to start to stake build here, but don't see that until phase 2 is done so window of opportunity at these levels to make some significant gains.

GL

GGP 400m market cap

SOLG 400m market cap

SOLG are quite legendary for having their holders declare them as the worst BoD on AIM and make OMI BoD look like A+ rated material in comparison. But they always had a quality asset

Both the above had been sat on Tier 1 assets for many years but always needed the funding to get the drilling done to prove up their asset and see a fair valuation in their market capitalisation.

Only once their funding came in to accelerate drilling did their SP really start to go vertical.

All these exploration companies that go on to witness multibagging success have just one thing in common: A genuinely quality asset.

OMI at just 14m market cap is now just weeks away from transformational news landing that will never see these low prices again imo.

Only a few hours trading left before Q1 arrives and multiple updates are due to land.

GLA

@impecunious

Thanks,

I will be referring back to my notes over the weekend when I go back over the historic drill data from the intersections at APTA and post up my calculations

OMI trading at 50% discount to end of November SP and the Bonanza Grades haven't disappeared.

Nor has the millions of ounces of Gold across ANZA

Few weeks delay to phase 2 sign off has allowed MM's to collect shares from the weak hands and opportunities to reload at a significant discount to fair value.

GL.

@Akrigas

I think you have summed up succinctly how the market is looking at this atm

Some might be hoping for a bargain entry yet good news could land any day now on any of our other projects ahead of phase 2 notification and they'll have to take a higher SP to get back in as I believe we will be back trading above 15p+ by the time the $20 million drill spend is all signed off together with the $2m top up payment which will see us sitting with over 5m cash in the bank, (very low cash burn) and if Argentina gets into a JV situation that could levy some additional upfront cash payment and will then be on a free carry also so no funding concerns for a long while yet.

My longer term price target is many multiples higher, but always best to take each level in stages.

Not convinced the MM's will give up the opportunity to get in much lower as have had limit orders set and no sign of them getting triggered (suspect im not the only one) if anything it's looked more like the MM's have been collecting stock from weak hands and therefore they're expecting to sell it in a much higher range,

Saw the same on another gold stock I posted on earlier today that has recently doubled

Still think there is a bit of time for folk to build up to a full position while this is in the bargain territory range, but can never predict how many trading days will be before the first lot of news starts to land.

GLA

The present agreement commenced in 2018 and allowed a maximum of 12 years to arrive at DFS, I suspect in reality they will have completed phase 2 of the next $20m drilling within the next 2 years and be into phase 3 and by that stage (possibly further $60m-$80m drilling all free carried to OMI. At that stage once the present negotiations are distant in the memory, they are unlikely to want to hang around especially given the time lost during covid.

Like Bhagav I believe BG and LC wold like some additional flexibility to report updates from ANZA and that is all getting thrashed out at present.

Prior to Newmonts involvement we used 3rd party contractors to start to prepare the technical reports at ANZA and even in the Ignacio days it was looking from the very early stage work that was done purely at APTA that this will be a high.grade mine back when only about 17,000m with of drilling had been done.

Roll forward to now and 45,000metres have now been completed confirming the world class interceptions and its looking like 2-3 Millions oz alone from just APTA as that's the only target that had been drilled.

Pepas was Virgin territory unitl the 2022 drill program revealed Bonanza grades.

Brad's comments about the aggressive step out drills due to their expectations of growing resource size over ANZA to minimum 10 Million oz.

It must have crossed Brad's mind to pass on all the subsequent drill log data to prepare a 3rd party MRE report based upon the 45,000metre of high grade drill intercepts logged to date, but I believe he is looking to resolve this situation to keep OMI holders up to date in as amicable fashion as possible.

I'll post a reminder or the world class drill intercepts over the weekend and folks can draw their own conclusions, but the very fact that the majors are trying to get as good as deal as possible ahead of signing off on the next $20m of drilling should tell you they know how good a prospect ANZA is likely to be (a Buritica Mk2 imo)

> Market cap here is just 14m.

> Market cap GGP 400m

> Huge valuation gap to be closed here at OMI for what is likely to be ultimately similar sized Gold mines both JV operated by Global Majors.

Still scratching my head at the individual who sold 40million at 0.0128 for £51.2k ahead of the JORC announcement representing just over a 6% quick flip from the placing when had they held just a few weeks longer they could have sold that same 40m tranche for over £100k+ or more sensibly sold some to lock in a significant profit and now be on a nice free ride.

Anyway, looking at the trades over the past few sessions all the quick flippers are now out and shares moving into stickier hands

Q1 2023 Updates due:

> El Pantano assays due

> Tin project, Brazil - Results due from fieldwork

> ongoing Anza fieldwork updates

> $2m trigger payment to OMI for p2

> Completion of new JV entity

> Formal confirmation of Phase 2 work program (likely to be the new pads at Pepas and commencement of drilling in the south.

> Expect.to hear the more detailed terms for phase 3 as the phase 2 program kicks off this will underline the commitment of our two global majors total anticipated future spend into ANZA as Brad mentioning the Majors Target figure of 10 Million oz Gold on a couple of occasions in the latest presentation which gives an insight into the expectations of our JV partners for ANZA and makes our present market cap right now just look silly vs the ultimate resource target to be unlocked by two of the largest Global gold mining houses providing OMI shareholders with a free carry all the way to a very large globally significant high grade multi million ounces resource definition

If anything else comes from the results in Brazil and Argentina that's further value to be unlocked in addition to our Tier 1 project at ANZA.

GLA

.

Witnessed on a number of occasions over the past couple of months a c.20 point rise in gold price on US open and we saw the same yesterday which is clearly the commercial banks.

Also interesting to note the increased gold buying activities over the past few months from the central banks with record amounts of deliveries being seen in 2022.

Still attractive Dividend at this level alongside the capital gains potential