Member Info for Rob1967

I totally agree Seingred likes to give worst case with everything I never see any positives in his posts quite the opposite. lets say the Jv partners walked which i cant see that for one minute but lets says they did. well we have Royal Road on our boarder Im sure they would be interested in talking to us oh yes Buritica too only 26miles away maybe they would like a piece of the pie in omi maybe Im just dreaming or would they look at omi like the plague with the grades we have seen. Then theres the other seven sites to be drilled maybe they will be nothing in them after all the work thats been done in the south over last 12months perhaps they the crews working on ground have had 12 months holidays at full expense of our jv partners. Nobodies seen the soil samples.

Finally seingred never points out that the gold mining stocks have been in a bear market for last 2 years and some of the top people are saying worst they have ever seen. maybe all the so called experts are wrong and seingred is right but if he is why is he here!

Time will tell but Im here for long run just another 7 years to end of phase 3. Why is Agnico wanting to change the terms of the original agreement because if they drill all areas as agreed it will cost them millions and millions and also it will prove the resource is very big maybe as big as an ELEPHANT COUNTRY AS BRAD HAS SAID. time will tell.

Yes to compare GGP to OMi is maybe a bit unfair but they both started off tiny companies but when I talk about the shares in issue its only the share capital Im comparing not the market cap.

As ever thanks for your thoughts.

Im not trying to convince anyone of anything especially you.

We all have our own investing approach some traders some long term investors. Thats it.
Im here for long hall and will accumulate as we go along when funds become available next month or two Ill be buying another house to add to my property portfolio so thats what Im doing. The JV runs for another 7years or so Im in no rush can sit it out and buy whatever I want.
Enjoy.

You will never convince Seingred of anything so you wasting your time if you said a wall was white hed challenge you and say its not actually white. I predicted the last raise to my mate told him omi needed the money but he said but the partners are paying for everything. i said the partners not paying for the 2 stock market listings or the directors offices or salary or expenses. he disagreed. The following week we had a dilution. We all know it will happen hopefully next year but there could be alot of water under the bridge by then and maybe drilling on other sites later in year. i cant understand why they not drilling now as they been discussing phase 2 for last 6 to 9 months and they paid their 2m.

I know as seingred said they may change their minds after drilling Apta for last 2 years and first drill whole at pepas 150m at 3gt and all that siol sampling they been doing in south and finding absolutly nothing they like. Oh yes Seingred i too think theyll walk maybe because the worlds biggest and best gold miners dont know what they have. i mean they only been paying omi for last 4 years and about to spend another 20m on this project. as brad says Apta must have had $30 to $40m spend on with JV partners and omi. The original drilling results werent that good at Apta they only showed grades of 10gt to 172gt thats prity poor in my book and what got Newmont interested in first place. They must have thought poor omi could do with a bit of loose change to help them along but we will walk once we paid $20m for phase 2.

The first raise was not that big peanuts theres only 190m shares atm. looks at Vast they issued masses went to 5billions shares then really turned taps on went to 25billion shares and still needing cash.

Look at GGP they have 4billion shares so omi only got 190m chicken fee.

finally if you read the last rns they been doing lots of work on other projects so this will have cost omi but if you want to question it further contact brad.

So in summary whatever you say Bhargav some on here will always want to pull you down.
I say xxxx them.

This is actually holding up very well, quite clearly the 5&10m sells are the placee’s…looks like they cleared today 150m plus today…by my reckoning they are are good way through them.

What Seingred says about funding over next few years is true but in next 3 or 4 years we may get bought out all guess work but we only got a small number of shares. As time goes on and more and more drilling is done on different areas the project becomes much more valuable. Also the jv partners are here for a reason if they have to spend upto 50 to 100m on this then it shows its huge. They not here for the fun of it they here to make many multiples of their investment. however it will take time you dont build a massive housing estate in a year it takes years to lat foundations and its costs mega but the rewards could be huge. Thats why im here for the long term. To date seingred done great Im first one to acknowledge that as the market in gold silver been worst its ever been but this will turn in next 12 months to next 4 to 5 years. Some of the gold miners are down 90 to98% so its been a traders paradise. However with the share price being down in omi its given everyone the opportunity to add at cheap levels.

Im here just letting those experience ones and very wise ones have their say. Seingred would rather talk about other gold mining companies than omi and hes sooner say the jv partners could walk. last time I said something lots agreed with them so Id thought Id keep quiet.

Personally its taking longer than we thought and yes at some point we will have to raise maybe towards end of year depending on spend with other projects but we not like vast who only raised 23 times in a 30months period.

And yes Shanta an excellent company but I dont think we need to talk about them or GGP which seingred never mentions.

Im tryng to keep off BB and leave to experts. I have my plan and am keeping to it. Im playing the long game.

Kev, the mkt is not comfortable with the MBU holding…hopefully in the future they will sell down to another II.

https://www.argusmedia.com/metals-platform/price/assessment/metallurgical-coal-high-vol-b-fob-hampton-roads-prices-PA00128862100

Tenantry, you can't place Penstock in the same category as Myles, as you know Myles has a large following and this can and has given certain shares a boost from time to time.
You wouldn't see Myles posting negative comments on a company he is invested in and then backtrack an hour or two later....
Also just noticed Pen has kicked me from his telegram group ;-))

RAk, info should come direct from Ben and not via some 3rd party, then to backtrack and say we are getting a train today after the damage was done...I will stick with my previous comment

Rak..What Ben needs is Penstock to stop releasing info that doesn't help the SP, the mans a fool

Myles tweets are helping imo

Help…why would we get an RNS ?
They are not TR1 holders

Oz…calm down, we have far more shares now

Meant to add that the $1m is pcm !

$22 rise in less than a week..coming on for $1m increased revenue on current output.

Tenantry, quite possible, I’m just making assumptions…we wouldn’t want it on site if NS are still struggling.
Im assuming mega would start charging as soon as its on site and operational.

JH, imo unit 77 will not be on site until the train situation improves.

https://www.argusmedia.com/metals-platform/price/assessment/metallurgical-coal-high-vol-b-fob-hampton-roads-prices-PA00128862100