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If you're after ship based chat, check out EUA for the pirate banter. GLA
Long and short hold your shares for a £3+ return in late 2021 / early 2022. Im not sure many have fully read the buy in agreement....
We are awaiting imminent assay results via RNS. This could be next week as per the delayed timeframe Brad explained....
They own more than 25% and we won't be here at the point OMI would only have 25%. GLA
Sell elsewhere or not sell at all. As the price of gold rises an earlier offer will be beneficial to Newmont and OMI as we will have a larger %. Remember the placing was to provide financial stability and leverage against low ball offers and bullying. GLA
I’m new to EUA, mad I know, and a short term (6 months) investor in OMI. I feel that I should have a larger exposure to EUA? I have been reading furiously the post here and researching as much as possible. I have diverted 14% of my pot to EUA. There’s a lot of in fighting on this chat but the theme seems to be a certain take over / buy out at £0.70 min. I noted some very large purchases at 27-28p recently. All very exciting but lots of media coverage heading their bets by citing the down side of no sale. Any responses to this post welcomed. I drive an Volvo S90 T4 so won’t chip in to the car chat!
Am I right is saying that OMI won't be bought out but will simply sell its share in ANZA (whatever that may be as per the buy in agreement at the time of sale). I am expecting a sale and then a dividend payment with OMI shares still being live but I suspect worth a few pence only.
Don't go upsetting those who paid £3!
45-60p within 48 hours of good news, but its all about the takeover for me.
£3.50 - £4.75 on Newmont buy out
I'll be a very happy millionaire.
GLA
Spot on call
Yes but there is now a clear reason to work on increasing the SP not just cashing a pay cheque.
Couldn't agree more. If I were Brad I'd need so time to raise the £388k :)
So the RNS today looks like good news; certainly expected news if nothing else. This is the boards opportunity to show some real confidence in the prospects of OMI publicly not that I think it really matters. The gold in the ground is the only thing that I am really interested in.
Although it feels like this and as theoretical money flows away but Newmont & Co aren't stumping up over 30 mil to fund the project across the duration on a hunch IMO. If investor confidence was there at 35p+ as money flooded in and nothing has changed bar a small placing I think we are ok. I for one will continue to plan my early retirement for 2021/22. GL
Webbs are all the sells really sells?
Hi bhargav,
Please could you clarify the position with Directors purchase options; it was disclosed that Brad had a 200k share option in a recent RNS at a cost of pennies. So although I understand this would build huge confidence with PI's and others, what is the rush from Brad's point of view if his options remain regardless of share price - if he waits to buy his options when the SP is £2 he is guaranteeing a large return... albeit he would be in profit from day 1 at the option cost.
You'd hope so. If MMs are filling large orders as per yesterdays size c.100k-750k then we will need to sit here for a while. I just keep adding myself. Lets get some grades in, investor presentation tomorrow and AGM...hold the line.
Agree, good news on the c.20p resistance - we were here 4 days ago without the RNS. Lets see what Canada has to say.....
I must say I wasn't expecting to see dilution but would always prefer OMI to have a decent balance sheet over a small % dilution; its strengthens their overall position and as the RNS alludes to this working capital keeping them moving forward it to 2021 and beyond - lets hope this is the only placing.
Just hit as I typed that. Thanks