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Cf, another good comparison example . All your points valid. 2.15 proven and probable against 600 k. £170 m for 3x the proven total still makes me doubt more than £100 m for condor and possibly less.proven and probable is the main value producers, that finance is based around. they don’t appear to have been openly up for sale for a year and a half before an offer but we wait and hope. Chinese more active in Africa currently.
Jeblooney, ramblings or not I am not much underwater here and showing nice profits in crypto and crypto based shares. Also was fairly on my own warning of possible downsides here while most were waiting for£1 imminent. What exactly do you add to any research or debate ?
Chicken, I just don’t see nm paying $2 m for the privilege of giving the asset back without a reason. The obvious thing would have been to not pay and walk. Something will be made clear further down the road. I will be surprised to see more upfront payments but hey you never know. You can see that everything runs at a snails pace . The idea that we will get 100% back and a j\v and upfront payments this year seems like a mammoth achievement for a team that this far seem incompetent, but you never know.
Rob, to be transparent, I have small holding compared to previously and many of you. I am ok having a punt as I sold out at a good profit last year. It is a different scenario to burying ever more cash in a company because of being locked in. I hope everybody gets in profit here however my expectations, investment and strategy is different to most . I aim to trade if possible and there is nothing wrong with that it is the most sensible way to be in these high risk tiddlers imv.
Good luck
He looney, most here are what’s known as locked in, having much higher averages than the current share price, thankfully That’s not the case for me because I believe in trading these casino shares where possible to minimise risk. However , I think the way holders have been continually let down by a bod that for ages told them the j/v was in the bag then hits them with the vague news since have every right to not only moan but also question the future plans. You cannot invest in these shares by lapping up the paid for analyst notes or non specific vagaries of Brad you have to read between the lines to get a decent idea ov things and make informed guesses for your gambling. The facts are bod No skin in the game, $2 m cash burn for the last 9 months,no progress in last couple of years and most cash burnt, start of continual cash raising that are going to dilute your holdings for a dubious end product.
It is a mystery to me unless a j/v better than the last one appears rather quickly how Omi will be able to fund any of its projects let alone all of them. Personally IF we see a considerable pump on news I will deffo be selling.
Karl , they will deffo raise again this year, let’s hope it is at a higher rather than lower price.
Or apologies.
Jackbal don’t know if you have seen this guy but some good analysis and worth a watch! Dyor obvs
https://m.youtube.com/watch?v=XAaAj6oOo2c
Hi doc, no someone else mentioned going hell for leather. £500 k less costs for. 9% of commpppany and a full warrant When you think anza 1000% is close ?? Mm! That’s a few months running costs for 9%! Do not see tangible value creating results being created. From this!
Agree that dilution is par for the course for explorers which is why so few of them actually reward this company has achieved nothing tangible with $4 m of free cash why do we think they will improve with £500 k for 9% ??
Any joint ventures are just hopes currently. So much for a bod that has been poor so far to achieve. For me anza back and hopefully de risk on spike. This bod has no real market credibility and no skin in the game which is a massive red flag for serious investors.
Good luck to all, I am still sceptical but will add a bit this week and get average down to 3 p ish. I was selling various shares to transfer cash to SIPP 2 days before this drop but didn’t sell any Omi for some reason that I can’t fathom. Drat.
So, 1.7 m is going to fund Omi hell for leather for a year. They been spending that much doing f all. There will be another raise this year guaranteed! Just look at recent cash burn levels. Hindsight is a wonderful thing. In hindsight it wasn’t great to pay too much heed to what you are fed by ceo or paid for pr.
Dr, Tbf I was in rrr who have placed regularly for the last 12 years and 2 consolidations . Big lesson to be extremely cautious of these small aim explo companies. They are mostly set up for the benefit of bod. And few reward holders , and fewer again reward long time holding. This management has no credibility , that and skin in the game are 2 most important things in the market . Why did the previous owners not become multi bilion$ company?? If only it was as simple as having gold in them there hills.
Jack, no probs glad you have done ok. Sold arb yesterday, not a big fan but all boats are floating atm. Clsk and Mara are my favourites and microstrategy as a Bitcoin proxy. The bull market is likely to be well into next year. Bound to be a big pullback on the way. Trying to pull some out quick when Bitcoin does a pullback. Clsk has done about 150% in last couple of weeks. Obvs dyor etc. good luck
Whether to gamble a bit more in here? Added a few today for my sins.
There we have it , the start of the confetti trail. £500 k is pocket money for 9% . When we expecting the next one ??
Oh well at least we have the 20,50 bagger scenario to focus on. More chance to buy cheap shares. Might still be a bit of profit to be had here IF these incompetents manage to sort out anza.
Meanwhile thankfully Bitcoin miners are storming. Just another day in the casino.
Gla
Looed, I am amazed at your persistence here fair play and thanks. Personally Havnt believed a word from the company since the arbitration and long since wrote this one off . Sooner peeps are put out of their misery the better imv.
Thankfully crypto has been kind since this car crash.
Hope clarity comes soon so peeps can move on. Really has been long enough, with not one of those rns reach official messages promised at delist .
Hi Rob. Agree there are bubbles that get way over priced or see high growth at particular times. I have nvidia which has done great And a number of us tech companies which for sure arnt valued like gold companies.
In regards to crypto, briefly. I stake some and get differing returns some being 10% which is better than most dividends. Crypto miners work very much like conventional miners. If Bitcoin goes up they will go up much more for similar readons to goldies. For me I am spread over a lot of shares and sectors. I have goldies ready for any upturn but more cautiou than yourself on the likely pog . I don’t say anything isn’t possible but stay on the side of caution.
You can get exposure to crypto without holding crypto but holding Bitcoin miners is much more risky than holding Bitcoin . Trd is a good proper uk company that is in the blockchain space. Even pays a dividend . Best to explore posibilities rather than just dismiss them imv.
Goldies are undervalued in historical terms and have been for over 10 years it just remains to be seen how much of a re rate there is. Fingers crossed on that.
Good luck
Hi Bhargav, so, I don’t pretend to be an expert just use my judgement which obviously is somewhat different to urs.
Well your .36 buy in ggp was somewhat smarter than 45 p in Omi ! You managed to sell right at the top in ggp so strange that you buy up to and including the top and ride it down to 2.5 p . Unless there’s something you’re not saying???
Even if I was an expert you have too closed a view to learn from others I reckon unless it was a corresponding view. I will be happy to bow to your shrine when I bank my 20 bags 😜
Dr, they are fair comparison as far as jutisdiction risk and valuation imv. Whereas comparing to oaks which has the highest valuations is not. Obviously comparing a 100 k oz producer with 2 m v high grade oz in jorc estimate exploration project to a toddler with no resource at all, and if a jv is agreed not full ownership is certainly not apples for apples but the figures should spell something out .
With news this should move nicely tho depending on the funding and when funding is anounced. Tortoise against hare springs to mind. Personally will look to offload on spike hopefully. As for the 20 bags , well let’s see . Certainly wouldn’t say no but will have de risked before such a scenario however unlikely has unfolded.
Good luck all with their strategies.