Member Info for Seingred

Not so convinced that anza conclusion is that close personally but wish you guys luck on that one. Not holding much here but thinking of adding some out of profits elsewhere a bit laterfor a free punt. Of course may miss the boat but it’s all gambling . I feel better doing the gambling. Not buying with new cash and never going to hold more than ceo!no siree!

Well, has to be said. The current situation is symptomatic of the last 5 years. Holders do have the option of selling and investing elsewhere which would have been sensible.

Since the granting of permits in 2018 the share price has halved dilution much more than doubled. Bitcoin has gone from $4k to $60k retraced to $18 and is back to $57 k on its way to what many expect to be $150 k next year.

This isn’t an investment and should be a lesson that this is a very hard sector and market to make decent profits. Still it is reassuring that mc has handed deal responsibilities to Mellon . Hope his deal is better than his production forecasts. Just need to see if it turns out good, Bad or ugly!

Trading day today B, there’s fun out there while this game of chicken carries on here. No pun intended 🐓

Second guessing timescales is tricky and gambling on it more so. I let more go last week. Gonna wait and see what happens , meantime it’s gone in clsk and mstr . Storming currently. Hope you getting some benefit Jack.

Good luck here and will be happy if the re rate comes before I get back in heavier. Just on a better bet imv. It’s all a gamble in this game and think it better that I do the gambling rather than rely on an overpaid low grade ceo to do my gambling for me and live in Hope.

Chicken, Brad tells us £500 k less expenses is to let professionals know at pdac That we are well funded lol. 24% discount plus a full warrant for £500 k tells any industry person Exactly where this company is at . Can he seriously believe this or is this purely for the mushrooms?

Gg, process started Nov 2022. Even I didn’t expect to still be here waiting for news in 2024. I have let a few more go. Best case scenario here is 100% from here imv but not liking the smell of it personally. Putting more in crypto miners on dips. Better odds imv but of course risky but more possible upside imv.

Good luck guys, shareholders do deserve some kind of resolution and at least breakeven.

Https://munknee.com/how-to-value-a-junior-miners-gold-in-the-ground/

Obviously other factors apply and $150 wouldn’t apply in Nicaragua.

Cf, I think myself and ddd ran through this one quite a long time ago working out valuations of in ground resource. Proven and probable are valued way higher than inferred because of the degree of certainty . Depending on jurisdiction but from memory up to $150 p oz compared with around 25 /30 -50 . For I and I .

Yes the bid up is interesting and if there are two serious parties we would hope the competition pays off . I stil don’t see above £100 m from that example personally but just my opinion. Let’s see what we finally get this year hopefully.

Good luck

Jeb, no problem, that’s not a very common post and credit to you and tbh I do press people’s buttons some times. we are all here to hopefully make cash but more importantly avoid losing it if we can.

Good luck and as Jack says, respect.

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

Jebgooner

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.

Karl, I think we have experience of timescale of setting up jv’s and getting cash. I somehow doubt that being completed before the next round of confetti.

Hi cf. entirely possible, on the other hand if you don’t want to answer a host of awkward questions best not show. You can take your pick . The guessing game continues.