RE: degsy...16 Sep 2018 17:22
Ill answer that for Degs...
BPC rise was fuelled by speculation as to whether or not a MAJOR would enter into a deal...this subsequently did not happen. Major walked away and sp crashed.
TOOP rise resulted from news of a significant contract the value of which was multiples of the companies mcap at the time. They then raised equity through a placement at a significant discount for reasons unknown which necessitated a correction in the sp down to the placement value shafting shareholders once again.
With OMI the sp/mcap prior to the Newmont RNS was already very low.
Now with a MAJOR (Newmont) on board taking 20% of the company and a clear plan to fund the progress of ANZA through to production this project is significantly derisked with an almost zero risk of dilution.
Major already on board.
No risk of dilution.
This is the best thing that can happen to an aim company.
Additionally the OMI chart shows this stock should rerate over the next few weeks back up towards historical highs when Newmont were not even in the picture.
Current MCAP is still only around 15m which is grossly undervalued given this latest development.
Only 146m shares in issue with Newmont holding 30m.
It id healthy for a share to retrace and consolidate.
A firm base at 10p being built before the next sharp rise which will likely happen midweek given the small float, volume and sentiment.
Everyone knows about Newmont since the GGP frenzy around this time last year. They chose OMI and the ANZA project. There is a reason...hold strong and dont let the derampers get to you.
Good luck all.
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