Member Info for Seingred

Elton, could you explain the method in your $500 m now valuation. Assuming there is any?

Again, mako with 40 k oz production on v high grade open pit continuing high grade exploration and 2 other projects one in highly rated Nevada. M cap £40 m

Mtl, 100 k oz production towards end of this year expanding to 170 k oz with further exploration towards 5 m oz .

M cap around $ 400 m

You arrived here months ago at 26 p forcasting 36 p tomorrow. The sp is still lower. You were flapping your jaws about Wsbn around a month ago when it was around 45 p tomorrow. It is currently £1 .

You really should stop with constant forecasts.

Looking forward to hearing the method behind your hopium based fluffing.

Btw having a good time in rocket labs

🚀 🚀🚀🚀🚀

Liq, tether gold already holds around $ 4 b dollars of gold. CEO of j p Morgan has just stated that crypto is now the future along with Larry fink stating everything will be tokenised. It’s happening. Crypto is USA only way out and Bitcoin is being gobbled up by etfs and Mstr .

Gold is infinitely easier to hold and trade in tokenised form.

There are many ways to gain crypto rewards. Hell you will be able to pay your Tesco bill in gold if you want in the future. It will instantly convert to stablecoins which will be $ dominated. You can already get Bitcoin rewards on some credit cards.

https://investingnews.com/stripe-and-visa-to-power-fold-s-new-bitcoin-rewards-credit-card/

Regards geo politicals. Nicaragua is in Bolton troika and politically allied with venezcuba Iran Russia China. Worries for sure can hit the sp here. Does it endanger the project, unlikely but absolutely it can affect the s p in the short term and no one can say what trump may do. Nica has been helpful re migrants heading north which really is not going to put them in trumps chrimbo list.

Mtl down ggp up . Mako dropped back and had a little project based lift. We all have differing views and strategies.

I think without calamities come production at la India we should be significantly higher however in the meantime there are much more rewarding shares elsewhere currently.

Good luck all

Lee, Nicaragua is absolutely on a parr with Venezuela as a trump target. Trump initiated sanctions against nica in his first term. Biden brought in sanctions including relating to gold that have thus far not been implemented. Trumps admin is far more anti than Bidens. Won’t affect work on the ground but as seen when Biden anounced his sanctions, geo politicals can affect share price. How badly and for how long is moot. Let’s be honest, who can predict what this madman will do next. I don’t think the us has gold mines in Canada! Although I guess he could have if he invaded Canada😛

It appears there is a modern day Molotov Ribbentrop playing out .

I have kept my holding modest here since sale because of the politicals but do hold in equinox and a bit in mako also.

I wouldn’t however want to be invested in just one jurisdiction. It probably is a buy op opening up .

risk goes with the territory.

Good luck all, it’s a mad and scary world out there.

Orange moon. Brad made a point of saying that a bit of visible silver doesn’t guarantee anything. I very much hope that the continual assumption that we are heading for. Gamechanging news is not just hopeful fluffing. It is as Brad states very early days. I don’t believe in counting chickens. Hopefully some positive news is forthcoming. Entirely possible that there will be positive news but not on the scale many predict. Of course it is possible we have game changing news. Not long to wait

Nap, you were an extremely active pumper over at Wsbn and same here at the 26 p with 35 p today!

So what’s the likely Wsbn pump top then? You being a pumper. Pump or no pump, 45p to £1.20 in around a month is pretty decent move up and very bankable whereas your 26 p, fill your boots is unbankable currently .

400. Jurisdiction risk is always a consideration. However petro will likely be voted out at the next election so I do not see such a scenario but it’s not helpful. I see Nicaragua as a far more likely jurisdiction where as in Venezuela it is run by a corrupt dictatorship where elections are formalities and are forging further ties with Russia, Iran, China particularly.

Cnr were hard hit by sanctions anounced by trumpian last presidency and particularly Biden. Didn’t affect the ability to operate but did hit the share price.

However, who knows what the mad orangetan may do next.

Well?, not only does Elton have a bad prediction needle in Omi but seems his Wsbn prediction is a bit wide of the mark too!!

🚀🚀🚀

Hope some others are making hay there. I am up even more in Wsbn than Omi currently in a fraction of the time but looking to de risk any time soon.

Hny

Karl, I am not looking at selling. My longtime strategy is to trade any spikes and gain free shares. If this goes to 200 p I will still be here snd have a monster bagger which will be great. I just do not try to draw people in with fantastical predictions . I judge as we go. I added to my pot after the last raise, sprott joining and the move below 20 p that came a while after the ramp fest at 26 p.

Hny

Nap, I certainly do understand about m caps. I gave a very good comparison for use in valuation, mako mining £400 m m cap. Mtl £400 m m cap. I was the only poster on Cnr to get the sale price correct using comparisons to gauge value. It is the only sensible way. There is upside here, fortunately not having bought in 20s I don’t need fantastical returns at today’s price to have a very nice multibagger. Instead of childish imojies and constant drivel why don’t you explain how that is not a good comparison and how you think Omi would be valued more than a similar project that is years ahead and at least similar grades as is hoped for here?

Or perhaps even explain how you comes you predicted 35 p imminent months ago yet the share price has gone backwards. We are nowhere near 10 bagging from 7 p are we numpty. However the pog has gone up significantly since.

The only thing you are any good at is childish, imoji ridden non stop posting. You have failed to get anything correct since your non stop posting started. You have no idea of my trading history or Omi history you are just a silly child.

Mummy should put restrictions on your screen time !

Nap, your constant price predictions are as pointless as Stoneos! You were predicting 35 p as imminent months ago when you and many others appeared around 26 p. The sp has been rooted in a range lower ever since. S p hasn’t advanced in the last 3 months! It will move when the market sees further value added through news.

For me a target of 40-50 p per share this year is possible and highly rewarding . 50 p would be a 9 bagger . I am not interested in thinking beyond that point until 40 p becomes a reality.

Nice couple of days over in Wsbn btw!

Free, not intimating anything towards you. Just saying that I gave a good explaination a week ago. My comment re overthinking was regarding the various convoluted theories re small trades . I have given commission free trades as answer for years but still peeps want to big up the one trade mythology.

Personally I find them very good platforms generally but they don’t cover everything I buy .

Good luck

Freefaller, I posted the answer a week ago and even sent a one trade to prove it. There is a tendency to overthink things generally on these BBs! I have an isa in both Freetrade and trading 212 and a Robin Hood acc. I still have an ii ac for shares not covered by these platforms. They are very good. They give the option of fractional shares on us/canadian shares which is good as many us stocks are in the $100s or even $1000s . I recommend them. Trading 212 isa is charge free as well as free of dealing fees.

Jonny, when pog is on a tear it is obvious that cash goes in to producers. Omi is hardly a laggard it has multied v nicely over the last year. Explorers had a frothy time for a few months but from where I am looking have mostly gone south for the last month or two. Omi probably less so than early stagers because it isn’t early stage now. However my view is that it is fairly valued currently and need particular news to give a breakout. Still room for movement within range though.

Changing timescales are inherent in this business and to absolutely expected. Progress over the last year has been fine and the addition of sprott as a holder and a very plump cash raise do not support your claim.

Elton, you are a poster who has bought in mid 20s predicting imminent 35 p but the share price is currently under 22p. You sound a tad desperate. Don’t worry we will get to 25 p again. 30 p will come at some point which gives me a 5 bagger. It is not needed to spout continual childish rubbish, it won’t help your investment.

Ask mummy I am sure she will agree

Elton. I have never said that price will not reach any price . I don’t make price predictions.

So, remind me what your reply was last year when both times I predicted the fundraises and when I said that we would not be drilling in April, may, June ,July aug. ??

A liar and a continual moron

And through the round window Elton turns into crusty and showers his juvenile research and intelligence.

Odd that we didn’t have the benefit of of your hyperactive insight when you alleged now to have bought at 2 p. Maybe mummy didn’t let you have a phone then.

Couple of peeps asking why I do not use collective as a comparison. Ok. 5 years ago I posted a video with ari when collective were just starting. Stating the possibility of it being a better investment than Omi. Stating 40% bod holders and their continental experience. Omi was around 21 p then. Collective are up over 500% from then. Bhargav was the only poster who had any interest, saying he was only interested in Omi.

Brad commented last night that they are heading for 10 m oz resource . Going to production through the many expensive processes. Imv collective will enter the well known orphan phase where continual cash has to be raised for diminishing returns.

I said that imv collective was overpriced compared to aris where I have a large holding. Why do you think that aris has outpaced both collective and Omi over the last year??

Imv the reason is that their doubling of production wasn’t priced in until it got close. Obviously the pog also.

When pog gets moving producers are the immediate beneficiaries and where liquidity heads.

So collective close to likely 10 m mre. Omi close to what size mre? Collective raising many more times the capital employing many times more rigs. Scale is v important for valuation. Rick rule will tell you that. So that’s the comparison currently. Not v comparable imv except the are both looking for gold in Colombia.

Using mako particularly is apples to apples for when Omi produce brads 30k oz . Mako produce more than that and extremely high grade. Forgetting pog rising , that means my comparison values Omi around £400 m at production, that however does not take in to account any further dilution.

Obviously both companies have road to increase through other projects.

The nub of my original post was in answer to the head scratching on present share price. I am awaiting any research that explains how anybody thinks this would be currently valued close to my two examples ?

In regards to the silly comments about number of shares, the much mentioned ggp had billions of shares but as if by magic They now have a fraction of that.

Just to put the record straight, my holding in Omi is way higher than Mtl and I am cautious because of the dangers of mad trumps. The project is very good financials.

As mentioned, yes I do see upside from here, however I obviously have a different view when 26 p gives me another bag than the desperados that bought the ramp at 26 p and need to clear 50 p for their bag.

But hey if they get their bag I have 10 . All good where I am sitting.

Doc, Brad was being factual. The original lab only test for gold. He stated a spec of visible silver doesn’t prove much but to test for silver has to go to another lab. He is correctly managing expectations and stating it is very early and too early to call a discovery. Imagine if the market took on board the bb ramping and then modest silver and little gold. Best to wait for results on that one. I like his presenting, he is a pretty straight batting auzie. Castro is a bit more your typical aim type.

Re production, guesstimate of 1-2 years, maybe more maybe less for the permit processc mre, studies etc. then you have the preparation of site. From experience, all of these processes take longer than expected. The current mre is taking longer than first forcast. That’s what happens, it’s not negative it is how it is. Mre will likely be published in Feb. This will be replicated at most stages imv and 2 years for production is v hopeful imv. There was an interesting point in oct presentation around 50 where the possibilities of changes of plan are referred. Getting pepas mre doesn’t preclude Omi from expanding and at a certain point it could well be the case thst s mine build makes sense. Cnr mine build costs for 100 k oz was around $100 m

In regards to the skin in the game. Sorry, in Cnr every cash raise involved the bod buying and Mellon buying on the open market. Giving themselves extra free shares is it really aligning themselves. However sprott have ignored that general red flag which does speak volumes for the project.

All good

Hi auln, no probs. I am a humble small builder so not an expert but tech is moving v fast. Tether have gold backed tether gold. So gold is being tokenised. Unfortunately it is not accepted yet on coinbase which I use currently but obviously you can trade directly between gold and any crypto currency. It’s not gold against Bitcoin. They both have similar characteristics and I expect it will be a huge pair trade in the future. Circle is around it float price currently. Obvs dyor and not recommending it.

Good to be able to a reasonable discourse.

Good luck

Metal mania, I am not ramping Mtl at all or mako or Omi. Yesterday is the first time I have mentioned Mtl here. There is a general lack of ability to have reasoned debate on this bb. Report away. Like JBL you are showing little understanding of basics. However many shares in circulation is immaterial. They are debt free, have 2.4 m oz high grade and are less than a year from a low cost 100 k oz production.

Comparison is the only real tool there is to give an idea of real value.jb made a fool of himself yesterday over on Mtl bb and you are down the same rabbit hole.

I am not saying Mtl is a better investment than Omi I am given examples of valuation of similar projects that are further down the line and you cannot expect currently to have a similar m cap. It is simple research just like working out cash burn here to know when a placing is due. Oh yes who did that last year ? Bad mr red said buying at 4.5 p was not on my agenda because a deeply discounted raise was on its way . I bought sub 3 p. Imagine buying at 4,5 p . Just work out the difference holding those 2.5 p shares now rather than the 4.5 p shares that most of you were promoting! Apart from rocket boy whose childish non stop posting was no where to be seen.

Anyhow , I am adding fom 21 p down and no I am not interested in validating my trades!

See you at 50 bagland. Any timescales On the 50 bag land, or even that 35 p 🚀 boy?