Member Info for Seingred

A few takeaways doc .

Drilling may or may not lead to a maiden resource depending on results and advice from consultants! So don’t see maiden resource this year . 2 or 3 weeks before conclusion. So let’s add a week to that.

We have 1 m left , will assume £s so from begining of Feb close to £1.7 m has been burnt with no exploration.

Brad mentions that first raise was to get through negotiations although Feb rns quotes exploration.

Castro mentions needing 1.5-2 m . Mm since we have burnt 1.7 doing nothing since jan how much actual drilling will this produce.

Dr note along with your prediction of drilling results before a raise your idea of j/v in the wings avoiding need for dilution is buried! Castro says will need more cash in a few months. Agree. How much drilling will be done by then remains to be seen. I expect that completion may well be a bit longer than their couple of weeks.

Glad to see Brad gives a rough idea of the long journey and yes there won’t be a mine in 5 years , 10 years more likely.

Burittica 300 km drilling and that was a third of the laughably mooted 30 m oz.

Then we come to buying shares. We know stuff lol. Shaman knows stuff but he is invested. In Cnr virtually every fundraiser has had bod participation. This is nonsense.

Some may not see it as important but sprott, Ross Beaty and other respected gold exploration investors differ .

Awax , we hear that Jim has his price which is why no sale, however after 2 years there have still only been 3 site visits even tho mc was allegedly going to nica for a site visit many months ago??

Pis tend to lose out when sitting tight in a share that is continually dropping I would say.

Looks like pis will likely lose out by basing their investments on predictions of 250 k oz production.

Mickey, when you say continental you mean zijin because collective is run by many of the previous collective management. Absolutely both could be suitors. Without a j/v this absolutely will need selling at earliest juncture. Omi do not have the needed management clout.

Interesting to see how it pans out . Low average a must here. 3.5 currently but could reduce a bit yet.

Good luck c f, hope that gives you a decent average. Been adding and below 23 p currently. Somewhat smaller than yourself but I am busy elsewhere. Producers and Bitcoin miners too good to miss out on recently.

There has to be a deal at some point surely? At least the pog is doing its best.

Connect, did you have a dibble on aaz? I added on the pullback.

These are the times that real cash is made , let’s hope Cnr will finally be one of them.

Good luck all

Ageos, thanks for your response. Yes ni 43-201 not aus.

Would suggest the link worth reading to get an idea of the process of exploration. I have followed the whole process in Cnr. A long process that was overseen by Srk consulting for the technicals. I think you would agree using gold in ground 150k p oz is irrelevant at this point and jurisdiction risk enters this scenario and would reduce this.

Interested to see your comparison example in the future.

Cheers

Interesting stuff ageos cheers. I have noted on this bb a lack of comprehension on categories . Could you give a good breakdown of the differences between inferred , indicated , measured and proven reserves and more importantly the steps needed to Progress through these stages to give an idea on timescales and the level of investment needed.

Some here seem to think that a maiden jorc will give a re rate of gold in the ground values of reserves which is extremely misleading. I think a professionals view on the steps needed would be helpful.

I have been through this whole process in Cnr. Their total is .2.4 with 600 k reserves and currently m cap at £40 odd m .

I think it is a useful comparison, more so than ggp .

As well as ggp, posters have previously used buriticca as a metric for estimation of value, ignoring not only the stages of development but also the fact that it was a fully funded almost complete mine when sold . Giving no allocation for needed dilution to progress to reserve stage let alone construction. I stated Burittica resource as 11 m , Bhargav disagreed and stated that they had 3.6 m oz for comparison when justifying unrealistic m cap predictions. Yes 3.6 m reserves . 11 m resource .

It is important people understand the real process of exploration.

My concerns are the lack of finance to progress having seen the ammount needed over in Cnr to get to progress and don’t see any chance for Omi as a stand alone going the distance, however they don’t need to.

Appreciate any thoughts

Mr trader. Discussing related holding with Rob who is worth conversing with is not boasting . Didn’t mention the % gains in them. This is a chat board after all. Yep I shall be mentioning Omi when it moves however your record is pretty poor since you have been here ? If I took your advice 6 weeks ago I would be tamping😂. I don’t make stuff up, I been mentioning Mstr for more than a year . It’s up 100% . What’s ur record in Omi this far?

I am average 3.5 p so not got far to be in profit and will wait to see what happens .

Simms, where do you get the idea trump will enhance relations. He introduced the first sanctions. Rubio is v anti Ortega and trumps selling point is anti immigration. Have you not read the reasons given for latest sanctions?? Nica being staging post for much of the recent migrants.

Mako have very high grade and 40 k oz production is still 40 k more than Cnr.

Rob, that’s a shame. have hoc and it has done very well over the last year.more bullish on silver than gold. Holding pan American , silver corp and recently bought some first maj. holding a clutch of goldies. Having Shg and Cey taken out in the last 9 months has given me cash to spread. Started buying up producers since begining of Feb. Holding a clutch of goldies including both our joint partners. Have a bit of hum but not very positive there but you never know, my av there is around 10 p so dowm a lot but if they manage to actually turn things around it could clear that v fast but I am not really considering it.

Yes Wsbn. Rubbish management but a good postcode. Have a little bit there, thankfully traded that near highs but bought back lower but not lower enough lol. Cleared out some time ago with a bit of a loss.if they should actually do something there could be a good pump, I like palm. Again good postcodes.And been buying a bit of ggp around present levels. Adding slowly to see how it pans out not unlike in Omi.

Re dotcom, as with crypto, there was a lot of hyped trash but among them were some of the largest companies on the planet. The coins have already rewarded me nicely but as with shares learning all the time. One look at the chart of Mstr shows you what can be achieved but Karl thinks I can’t make more than 10% lol. Every one of my producers is up more than 10% same for crypto miners and that party hasn’t started yet.

After foretelling the bill it is tragic you Havnt been profiting from it. You spoil those kids Rob😜

Joking aside kids is really the drive for investing. I have accounts for kids. Started with Gordon browns payment. My son bought his first car by selling some shares from that acc. Got a better car than me😡

Good luck and fingers crossed here .

Simms, you state no need for dilution Gold loans. What do you case this declaration on?? 3/4 years ago you and many others said Mellon will pay for mine build etc! Bankers do not think like blue sky posters. Nica has sanctions that are expanding, the gvnt is increasingly seizing assets. Ok mainly private so far but have taken back a dandy marring mm concession and are increasingly moving towards China. I think you can safely scrub £200 and £300 m off of the possibilities! Aaz valued at just over £100 m currently, Shg sold for £150 m .

Book 5 says there is talk of legal issues in nica, well don’t know if that is true but always sceptical of the official line and 2 years in a rising market is one hell of a long time.

Give me Bitcoin miners any day to this smoke and mirrors.

Good luck al

Mickey, you think Bitcoin is bad for the environment yet invest in gold lol.

https://www.greenmatch.co.uk/blog/environmental-cost-of-gold-mining

Do you think Bitcoin is more risky than Omi?

Slim, to be honest , if he knows how peeps feel he will cancel any more rewards cos I feel it will be taking the p..s.

Hi Rob, so. Big week for me this week. Goldies up silver up uranium pumping and yes crypto proxies, pumping very nicely. Yes, if I see it makes sense I will move stuff around and buy large. That time isn’t now. Things going too well elsewhere.my question to you is after all your predictions for gold and Tbf they are panning out fairly well. Have you been piling cash into producers? I have been piling into producers and Bitcoin miners the last few weeks and it is paying off nicely.

Noticing a bit of movement in explorers. Been topping up in palm and Wsbn seems to be stirring at last perhaps.

Added bit more here this week but still a lot of questions that need answers , not least funding. Not convinced that a j/v is just around the corner. So is your mate punting 500k on Omi ?

Thing to remember about dot com time, some of the biggest m cap companies now come from then and the same is happening now only quicker. Look at nvidia. I have ridden that one over the last year or so. Re Bitcoin, I think black rock and the rest of the etfs have bigger brains on the case than Omi bb posters. Mr s trader is correct that Bitcoin has maybe 1x left from here this cycle, however the bottom was $18 k so will be compounded . Bitcoin miners will go parabolic when Bitcoin moves through ath. Alt coins will make much larger gains than Bitcoin. Not all obviously but the right ones will. Anyhow a very good few months ahead I think all round. Maybe even for Omi😜

****s. it was trump who brought in the first sanctions. nica is also instrumental in migrant flow to us and as we know that is one of trumps main selling points as it were.

this bb has mainly been detached from the real situation and just starting to see wood for trees. i have tried giving more realistic views here for years but unfortunately there is a hardcore that do not want to listen or for anybody else to listen. anyhow 45 p is ok for me. it’s a 100% . sitting on your hands doesn’t pay in this game or blindly lapping up p r. i think a deal will come eventually and it will most likely be chinese .

the unfortunate fact is the best you can hope for is 100% but could have bagged that and more in many gold producers in this 2 year period. let’s hope there is not another year. i am tempted to bail soon again as this next 3 months are likely to be fireworks in another space.

good luck c f and ddd.

Dr, you mentioned elephants flying

Dr or pigs😂

Karl. Currently have around 70 and reduced crypto down to about 12. Crypto is mostly solana which has done very well over the last year and a half.it is also all staked returning 4.9% currently. Microstrategy is by far my largest share which is up over 500% on the year. I am up around 400% on that over about 1.5 years. Had a good run in nvidia but mostly out now. Coinbase done good. Over half are very small positions but I will move from one to another if one is pumping and go large in what is moving. My share pf is up about 40% this year but moving fast currently and expect the next 2.5 months to really push on. My crypto pot up over 200%

I have more than 10 shares up double digits today. Two in uranium alone . Some years are better than others and this the year for crypto . 20/21 was good for a number of sectors . I am very overexposed I guess in a couple of sectors . I may well buy much bigger here a bit later but it doesn’t make sense atm . If this is going to be a successful company I don’t think it is essential to be buying right now although it may prove a good move. Interestingly the share price is exactly where it was before the j/v when we owned all the project before but had no cash! Why is it so much better to have the project and no cash now?

I will be streamlining at some point but things are easy right now but things will get tougher at some point and I will hope to not get caught. I am not a real trader. I don’t short, do puts etc . That is beyond me. I just try and make sensible calls to maximise my pf. I have learnt from previous mistakes and successes hopefully.

Hi Rob, yes I do think Bitcoin is likely to double over the next year. Then the end of bull then a retrace of around 50% or more in the bear

I don’t actually hold a lot of Bitcoin, I am in mainly solana. My Bitcoin exposure is mainly Mstr which has outpaced Bitcoin. I am big into crypto miners which act exactly like gold producers. Ie when gold goes up producers rise much more than gold itself. Most crypto miners are are just about profitable now but if btc doubles miners are likely to go up many more times . Number of miners up double digits today and 30% on the month. And btc. has hardly moved really for 6 months . Worth looking for similar period 4 years ago for a good d idea .

Omi could well make 5.5 p before btc reaches $130k. Just depends on how things pan out here . Very long answer to your question. Yes it’s all gambling, even buying houses is a gamble. My mortgage payments went up five fold as on interest only. Thankfully it is pretty small. Buying at the wrong time has cost many in property over the years. Each asset has its cycle , Bitcoin has a shorter and more predictable cycle.

Trey, you know what they say about assuming?

123, you brought up crypto. No the folds Havnt finished in crypto. Best you don’t comment on what you don’t know about. Terra up double digits today. But also cameco and denison mines in uranium. Asc , coin etc . The pickings are great right now but you think I would want to pile it in hereatm. You have sharetrader as your moniker but you seem clueless. Yes it could happen here if a number of ducks line up, unfortunately so far it seems to be hunting season . But make no mistake, if I see a change I will be buying more significantly.

There are no better shares to trade than Bitcoin miners mr share trader. Big swings!