Member Info for Seingred

Legal. Omi have been burning more than 2 m a year doing naff all. So there is the lights on costs. £500 k gets very little drilling done . Imagine raising now ! Deduct 25% . And yes it could be sub 2 p when the cash is needed. Let’s not even mention the millions needed for Argentina. This would be a big enough ask if the bod had credibility. Unfortunately they don’t.

Peeps better hope Brad astounds us all with a deal announcement this month. However even when agreed it will take months to finalise. 3 months from agreement imv.

Agree moo moo. Selected crypto and procies a far safer and better bet. Added some bitty just under $50 k last Mon.

Gla

Hi c f. Hard to know as we still have no idea if it is an asset sale or takeover. Not clear how much expenses will be deducted or what the eventual no of shares will be. One thing is generally true here is that most over cook the cash and miss the expenses and dilution. I remember tester forwarding 100 m shares at point of production many years ago. Here we are currently over 200 m, no production and as yet no sale.

For me it is $150 m less any expenses divided by probably 220 m shares ish. Nobody wants to estimate the possible deductions from a sale . Just quote a figure divided by current no of shares. Folly imv.

45 p is around the figure at best for me but happy to be wrong.

Good luck, you have been a fair and researched poster over the years.

Ps, I am having another punt in avct just for the hell of it.

Hi rob, concur generally, however Omi will need to raise when down to around $500 k . The drilling $500 k is nearly gone . It would be imprudent to go below $500 k and end up being technically nearing insolvent. No drilling will be done before the next raise imv and been saying it for a while . Confetti time is coming sept /oct imv.

It’s been a risky gamble that results would come before funding and odds are getting shorter all the time. This is general aim stuff. Look for the pitfalls rather than the bag of gold if you want to keep your trousers.

Still a month or so left I guess. Gla

Kenj

Hi Kent. They are not my trades . My last were on 5 and 58 shares for £1.97 so did push the boat out lol.

You are correct I don’t have a lot of spare cash. Having sold out here around 8p I don’t want to commit large ammounts in one go . I am not overly confident in the company but happy to add little bits out of profits elsewhere. I would feel a bit sick if I had buried serious cash here at 4 p plus when many here reckoned we wouldn’t see the 4s again. I can however add considerably more for my £5 now than then.

Anyhow , each to their own strategy but mr b was correct that they will be commission free buys. Paying commission means you really need to stick a lot in in one go. I like free trade. Has its limitations but works ok for me.

In fact , there are a couple of posters in Cnr that are convinced my trades were broker communications lol

Kenj. It is true, I often buy £1 trades through Freetrade. Somebody is more regular but it is re assuring to just keep spreading your costs. Not everybody wants to buy thousands at a time in a very high risk share like this.

Bandit. Concur . Around $200k pm burn and yes likely sub $1 m and it would be prudent to raise at around $500 k left . I have expected raise sept /oct time. Which co incides with the rainy season.

Digital gold back to $60 k Nero . Nice little buying op. 20% in 4 days . Thank you very much.

Latest nica news . Ortega back on the priest hunt and expels Brazilian ambasador.

The crux ox the Japanese thing is boj was lending at virtually zero interest rates and cash was being used to invest in us bonds. Japan interest going up was total swan event , if us bond returns drop and Japanese rates rise. The deal is bust!

Anyhow yes. Good for gold and crypto. The orange nutter is a born again crypto nut now and predicting us treasury holding Bitcoin which is enevitable eventually . Add to that china and Russia recently relaxing laws , etfs and further adoption. Means a scramble for finite Bitcoin . Even now more Bitcoin is bought daily than is being mined.

Back to Omi. Nothing changed, we wait, cash burns and place your bets on whether the next cash raise comes before any completed deal. I know where my bet goes and odds getting shorter by the week.

Been adding gold and silver producers on monday.

Gla

Hi sakura, just correcting previous post. Just pointing out , despite Nero childish crowing about crypto, it was a buying op Bitcoin now $57 k and solana closing in on $160 when I was buying at 113 on Monday. My goldies are a bit patchy since! Nero offers his opinions on a somewhat condescending manner generally but never really seems to actually show any real reality at the end of the day. I want to make some cash for myself and if I followed neronomics I would be losing. Each to their own. I am happy to stand by my posting record. Who would rather hold Cnr shares at half the invested price over 60 k Bitcoin that mr red bought at $4.5 k less than 4 years ago??

Apparently rather a lot . 🍉😱

****s, had a lucky bu th yesterday girst thing around 70 p and been adding a few around that level. looking ok .

30-50%

St. Big part of the turmoil is that Japan increased interest rates putting pressure on the dollar. The us economy is in trouble whichever way it goes because of the huge national debt backed by g my bonds. A retreating interest rate will compound it. Conflicting biews on reductions. However it does look like recession begins and more printing to come so all good for gold and Bitcoin imv.

Whether Omi are in a position to benefit from it is moot atm but undoubtedly it is a good backdrop . Producers will benefit first which has been patchy so far. Newmont being one of the best performers. Let’s see if this can take advantage. Lots to prove and runway shrinking but fat gal hasn’t sung yet. In my buying zone now so may add some as a punt.

Take note that the orange butter is now a Bitcoin convert and believes the fed should hold Bitcoin! Along with China and Russia now legalising and adoption increasing exponentially, a finite Bitcoin should be part of a balanced pf .

L Nero. Crypto is like , yeeha yesterday lol . Sea of blue today for those that took advantage of some bargains yesterday. Up 49-60% on most of mine. Not Bitcoin mind. Mere 10% there so far.

Bit sad when you have to crow about a flash crash in crypto or rising interest rates hitting mortgage holders and property prices . Interest rates coming down now for mortgages but rent will carry on rising.

Knee deep in confetti if raise comes before deal!

Bitcoin almost $55 k already lol. Caught some at$49630 .

Knee deep. I thought it only needed a couple to have a jorc this year lol. Could be knee deep in something else entirely if he doesn’t get his skates on!

Yup, blood on the streets all round. Remains to be seen what recovers quickest! Could well be further drops to come. Goldies not looking so pretty either this month.

Nero, you could buy Bitcoin at $4500 in 2020 and even at their low point less than 2 years ago at $18 k and you are crowing about a drop to $50 k . That’s the lol. Still Havnt admitted your average?

My guess is it is in the region where it is dubious whether you will breakeven. 50 p ish?

I am buying a few goldies today but mainly Bitcoin etherium and solana. Sold a bit of Mstr last week so re bought today. Still looking at paper drop of rather a large ammount but thankfully they are not losses.

Or any further shares to be added is warrants, options or a further raise. But agree £12-130 was a fairly upside valuation.