Member Info for Sanguine83

Please add my 260000

No idea what sp we might see at Jan tbh. It's current land holding has similarities to OMIs pepas, which attracted me here. And the management look excellent and wanting to expand with the likes of the recent LOM, which hopefully will come to fruition. Much depends on what other projects they aquire.

OMI on the other hand is far more advanced with many more licenses. Of which pepas has the smallest ore body, which is going to be used for funding (as per today's tweet/X). Now it's about exploration with a war chest. Sp wise...£'s (I hope)

Pretty well thanks Hedgehog. I'm in both. Hopefully Jan will have OMIs market cap one day and OMI will push on too

Placing and warrants

This needs accounts RNS today, or it's going back into suspension

Big miners were drilling in the wrong direction Northman

MRE will come when it does. And wouldn't be surprised if its published early Feb after OMI receiving it end on Jan.

Im more intrigued by the missing el Pantano assays. Brad said in one of the videos he wont publish poor assays as there is no point. But he has said in RNS's that there is significant mineralisation. So which is it and why the delay ?

Am I right in thinking accounts are due this Friday? I may be wrong...

I agree investinglexicon, those with a long term view and belief that all will fall into place in due course will be happy to hold and accumulate around these levels, for the bigger prize down the line.

I thought the raise at 0.9, at a premium, was fantastic news. Lets see how long this section 11 takes and what the sp does in the mean time. We may sit at these levels for some time or traders will miss the boat and never see 1p again. Time will tell

They will need cash again this year, so need the sp higher. The section 11 would have provided the boost needed. If that is delayed, I'm struggling to see what will provide the trigger.

I know the asset is potentially huge, and if all the ducks line up we are massively undervalued. The market doesn't believe it yet though, as the sp suggests.

They would have raised more at 0.9 I think if they knew about the licencing delay. Imho

What have you increased your OMI price targets to MEM? If you don't mind

Never know with UK markets, I wouldn't be surprised if there's a sell off on MRE news. But I'm keeping powder dry to top up if it does.

Long term definitely pounds instead of pence

No

Yet another RNS with no new information.

Just bought in here today. Does look like the market is sleeping on this one somewhat.

Makes you wonder how these people will extract sell radioactive material.

@TrueRed

So we have to vote on whether we approve of the consolidation on the basis of reading between the lines?

Ah I see. Thanks for the clarification.

The board really do come across as incompetent in presenting shareholders with a cohesive understandable picture of the plans and thought processes as the picture unfolds.

The geology could be excellent. Everyone hopes this is the next GGP. The board is the weakest link here, and as a result they will mainly attract traders rather than investors IMHO. People will say that is the reason for the 100 to 1 consolidation, which is might be....but yet again the BOD have failed to inform the market of its reasons....

In the stock box interview I'm sure I recall Ed Meade saying they will drill through the year and helicopter people in if needed, with a few days off for Xmas. Or something along those lines.

In yesterday's RNS-R poulden says, "We look forward to continuing this drill programme once the diamond drill rigs mobilise to site next year." So have they changed plan and this year's drilling is complete? Or am I missing reading?

There is a lot of talk about the effects of a share consolidation on the share price, up, down or side to side?

The reality is this is a binary exploration play. Huge risk, potentially huge reward. What the consolidation will or wont do to the share price is secondary and not relevant at this junction.

We need assay results, and that is what we are waiting for. A gold explorer without any gold will obviously have to keep raising to keep digging, not rocket science. A gold explorer with gold in the ground, may also need to raise regularly, but at higher and higher valuations until cash generation/JV/take out.

Ignore the people who are deramping on the basis of consolidation. There is a more imminent risk of potentially no gold in the ground - if thats what you believe, its time to sell and move on.