Member Info for Rob1967

Sotolo sold out a day early.
Getting desperate mate

Well done on holding strong along with Chickenlegs ,The Good Doctor and Portfolio and all info you have given out. As we have said many times last few years been a head wind but now the wind has turned in our favour and its down hill metaphorically speaking with tail wind.

Can someone ask Brad about permits for the big sites please and we expect to receive drill plan and how long before we drill on them sites.

Labour day in Canada today…

Brad has starved us of news permits drill rigs upto date, But he has a big incentive to get the share price higher if he wants the warrants exercising and 2.5m dollars into his account so the news rich period maybe be in the next 3 or 4 months.

Phase 2 is the biggest and most important news todate and Bhargav keeps saying the majors only invest if its a tier 1 or 2 5m ounces minimum. if Apta is a 1 or 2 million resource the other sites the sames that would give us 7 million ounces but some of the other sites are monsters areas and even if grades lower should be in millions. The negative will say well its not proved yet thats true but we are surrended by 5m to 25m rescources the majors know this Bhargav knows this and so do I.
So the chances of this being the monster of all resources is quite high. Thats why the Majors are here. Buritica is a prime example why did Brad say 2 years ago Elephant country but then someone said dont say that. We have 8 years left on contract next 4 years is to spend a minimum of of 20m well Aptas took 2 years so if they want to drill on other sites its gunna cost more than 20m as brad says possibly many times this.

Also we would have herd by now if the majors were walking. They would not being drilling on other sites and helicoptor in drill rigs.

The share price might not zone it may but the conpany is worth more than 23m mc with 6m in bank and other projects lets see. As bhargave says the share price has touched 40p plus 3 times well this news is as good as it gets. Expect more sitrs to be drilled within 2 years. the majors will want this project signed and sealed within 3 to 5 years when gold will be 3,000 to 5,000 dollars an ounce.

Looks like the doomster crowd here this afternoon. lets see what next week brings those that want to sell will sell those that want to buy will buy. Time will tell.

I can remember you indicating that omi could drop to 2p in last six months chat on this board. Upto now gold and the gold miners have been riding into a storm a massive head wind for a very long time now. Some say mining stocks never been cheaper so it looks like you were right when omi was in 20s and 30s and even 10p but frankly miners have been over sold. Then on other hand the crypto currencies have boomed gone to the moon and are slowly coming back now. in my book you cant beat real physical assets property gold miners coal and all the metals.
The fed will hike once more by 0.75% then their rates will be around 3% they are done then as they wont be able to raise anymore. next year when the recession bites hard to everyone around the world all governments will want to boost their economies. how can they do this by reducing interest rates back to zero. It happened in 2018 gold went to 2078. it happened in 2000s when gold went up only 6 times 300dollars to 1923. It happened in 1970s 1960s and 1930s.
The dollars been in a bull run for last 10years but as rates are cut the dollar will fall and gold will rise to 3,000 to 5,000 in next 4 years and omi will be worth alot more than todays 25m. The majors will by then have drilled on many sites and spent many times the alloted 20m.

Only time will time, but for time being lets see what brad has to say next week. they have discovered new ares for us and are drilling. once they have 51% slice of the cake they will want more and more as they drill and drill until they buy us out. i think Anza is the best area as its surrounded by 5m to 25m resources and we are in the bang middle so we should have min 5m but i think it will be 20m plus.

Lets see what Brads gunna say next week. my guess we should be much higher than 13p sp of today. Lets see!

You been selling then Sotolo as previously you said youd be off loading at 12p.
Time will tell in next few days. Agree lots of shares go down on news but also lots go up big style on great news we will have to see. See what share price is by end of next week.

Told you mm are holding this back, it will be different tomorrow a blue day and on monday too.
Good to see a pull back before big news lets hope its the right news then we can motor onwards and upwards.

I believe the market makers are holding this back and trying to keep a healthy supply of shares as and when we get news next week of phase2 the share price could rise quite high and they will need to sell at a much higher price than today. So why some money away cheaply today when they can sell at double the price next week.

Some good posts by Bhargav and Portfolio and Chicken and the good Doctor Rimmington.
Fingers crossed this will fly in next few days and next 7 days once news is released and drill results. Im still convinced Brad is on our side and still think the directors wont buy substanial open market shares. I also think that the majors will keep most of their drilling top secret and will drill areas where its of a poorer grade. They are the worlds best so know where the best areas to drill so why would they give all us shareholders info then pay more for it. They will drill on outer areas of a resource as if they drilled in all best areas the share price would be booming and that would mean they would have to dig deeper to buy us out.

Also the drilling of other areas they will tell us when it suits them. eg the permits and drill rigs we only know when it suits brad. As for some of the other directors they are paid for doing nothing. They have supposed to have contacts this that and other but what Ive seen they about as good as a chocolate ice cream in desert.

Heres to a good day tomorrow and friday. I think its best we have a few days steady and a day here and there pull back as when share prices rocket quickly they also fall quickly.
I used to think that this share was like GGP and the company could reach a share price of £2.50 or alot more but Im not so sure now. its would be good to get back to 25p and hopefully 50p and much more but we will need great drilling info and a plan of attack which i doubt Agnico and newmont will want to share with Brad and especially the shareholders. So patience is required remember the majors have 8 years left on the contract. However I do think phase 2 they will do lots more drilling as they will own 51% of the new company. i think the drilling to date has been poor and updates far and few between. The original drilling by omi showed unbelievable grades and nobody ever talks about these. They have spent 2 years drilling Apta. We have several huge monster sites if they dont more quickly it will take them a life time to drill all the areas.

Good luck all dont sell your shares cheaply hold on for a good price and look long term as gold over next few years will fly it may faulter short term but be patient.
DYOR.

AW has stated before that integrity will take all we can produce, however another customer would be ideal...

And back to blue, as I said last week this update was to be expected.

Agree once majors have their 51% stake they will want to drill in North they know whats there and will hopefully find more areas to drill. think the 20million could be spent quick. if big if institutions come on board they will want warrants as an incentive to come on board that should give brad and co the money they need for other projects and increase no shares in circulation. Time will tell but some say the miners are the cheapest they ever been. Rick Rule former Sprott ceo says gold 3,000 to 5,000. still think we could get a bitcoin run like if markets turn nasty and they turn to gold silver and miners.

Its hard to say where this will go. Sotoolo says that hes selling at 12p and thinks omi worth not much. Chicken The Dr and bargav think 80p to 100p.
Im with chicken and the Dr and Bargav whether this is naive or just wishful thinking. We can look at GGP and Sol and say this that and other but we not in Australia and that carries a premium.

Also I think that the mining companies have been massively hugely undervalued for last 2 years as bitcoin and all the hype been going on. Also dollar been strong and us market been in a massive bull run. But Im betting on a massive recession coming Ive said it before and also said that this will be like the 1970s to 1980 period when gold went up only 22 times.
People have said to me its not like 1970s, we have massive debts around world, huge inflation coming you not seen anything yet. massive fuel prices food prices energy prices like we need seen since 1970s. its only a matter of time before a huge recession comes be around march next year.

Once interest rates are cut the dollar will fall governments will want to boost economies by printing money and then companies institutions will flood into gold and gold mining equities just like bitcoin flew so will gold and gold miners as the dollar falling and interest rates fall.
Still think gold will be 3,000 to 5,000 in next 3 to 5 years time.
The gold mining sector is only 0.5% of the whole market and in times of recession people always turn to gold and gold miners.

Time will tell but a market cap of 25million is very cheap with major gold miners picking up the bill and if they go for phase 2 which looks likely we should be many times todays price.
The only thing i question is the majors wont want to give too much info out and they will know where the main gold veins run in these areas so I would guess they may drill further out on edges to see whats there and info market. They wont want to give anything away as they will want to give minimum drill results info on permits.

As to directors buys well it would show a great deal of confidence but to date they have only invested pocket change but have massive share options which means they dont need to invest as each year that comes round they will get more options.

40p next week...

We need to clear this overhang first before we get lift off imo.
In the mean time I’m adding a these prices.

Agree Iceman, $300 looks possible as soon as next week..

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

Steve, i wouldn't expect much regarding trading up to March 22, hopefully we will get a forecast for the following 6 months

rugs....give it time, I would imagine we have an overhang from the recent placing

These small rises are starting to add up at 80k tonne monthly they add $16m pa….not to be sniffed at