Member Info for Sharetrader123

1408 yes the time is coming where the market has no doubts here. OMI has been derisked based on the deposit that has already been identified although the proper MRE has yet to be completed then the market can be pretty confident even if the estimate was half of what's there then it is still enough for it to be derisked. The reality is the amount of gold in the ground is likely to be far in excess of what's been announced and with drilling still continuing and the feeder zone soon to be discovered then we have a few months left of drilling which might significantly add to the deposit total. Once the MRE is complete then the market will not only have to fully recognise what's there but make the adjustments to the MCAP to reflect this.

I doubt OMI would sell. This is a prime project that will yield huge profits. Given it will be a shallow open pit not far from the main highway and easy to construct then there are no real obstacles for OMI to mine this themselves. If this was a maiden resource in the middle of nowhere then it might me a different thing. Saying that, if someone came along with a massive offer then they might be tempted but given the profit to be made the offer would have to be huge.

Karl don't forget he was also gambling with borrowed money when he kept trying to recoup his losses by buying t 20 trades on a falling share price. His pathetic warning that we are all being monitored is about as credible as him inventing a millionaire girlfriend. Don't also forget that by his own admission he has never paid capital gains tax either so his troubles are not yet at an end. Perhaps his make believe team will save the day 😂

Nap said "Seingred are you stupid?"

Seingred, do not answer this question on the grounds that you might incriminate yourself 😂

Why would someone with a low holding by his own admission spend all his valuable time posting invented successes not OMI related on 1 site when he allegedly holds 70 open positions where (again by his own admission) he is far more invested? This does not make any sense on any level. The whole story here is clearly a sham and clearly not as portrayed.

The big question here is why would someone do that and what is the real story?

Seingred it's no surprise to be jealous of someone like the Dr when you only invest pocket money. Perhaps you are still spItting feathers over your EME shares

Seingred full of it again. He has just boasted as soon as the SP went up that he is holding as much as he has ever done all year. We are really not interested in a pitiful holding and his jealousy of the Dr is painful to read. Perhaps Rob will send him a picture of him cycling in Lycra to cheer him up. Seingred is not a big player here so leave the mega profits to the grown ups.

Nap as soon as our resource estimate work has been completed (end of Nov) and officially recognised then the market will have to accept the amount of gold we are sitting on and we should be looking at an MCAP rerate with the SP to follow.

Break no one has missed these headlines this time. Most news feeds are titling the results as exceptional.

Yes Bhargav and Johnstoneo pick the negatives out of that.

If you look on X then Brad states that they haven't even found the main feeder yet so there's certainly more to come. Most feeds today are calling these results exceptional so that will do for me.

Browns do not worry. Once the resource estimate modelling is finished then the market will have to recognise the assets we are currently sitting on. Today's market price of 7.6p is grossly undervalued and we are due a re rating on our present MCAP anytime soon.

It looks like the appetite to fast track production at Pepas has slowed and it will now run alongside future drilling. Fast tracking would have cost us far more initially but would have also fast tracked us generating income which we desperately could have done with. It now appears this slow approach and 3 years has been bandied about means that they intend to develop things within the existing resources. There is always the possibility in the meantime that they might hit some good holes at Pepas North which would put us in an unbelievably fortunate position. The downside to this slower approach is the future raises required but they should be able to secure funds set against what they are already sitting on so it's all derisked. During this time, Argentina may pay off so we have other options that could come into play at the same time. The only real downside here is that it will now take longer for the MCAP to increase so the share price might not reach it's true potential till income is generated.

Rob it would appear the company is no longer on a rush to move things quicker. At one point they did indicate being able to bring Pepas to a resource quite quickly if they brought in the proper resources. There now appears to be a step change in this thinking and they are trying to carry on with the current resources which will now significantly add to the timescale of moving to extraction. One one hand it might have been better to spend a bit more and try and get to a position of extraction quicker which could have been done given it's not a maiden resource in the middle of nowhere however they have chosen to move slower within their means which will significantly add to the timescales involved. It's my personal belief that they have chosen the slower route because it gives them more time and scope to keep drilling Pepas further in the hope to find more gold which they believe is there. This current position will ensure a steady news flow for the next 2 or 3 years but from an investor viewpoint will mean that the MCAP will now rise a lot slower as the picture moves slowly foreward. During this period, there is however the potential for Argentina to be a game changer and that is a project that could be developed at a much quicker rate given a JV would be inevitable.

It certainly is a crazy price Wolf. The MCAP will certainly have to be adjusted to reflect what is already in the ground at Pepas and adjusted again if Argentina turns out to be a potential game changer.

It appears the 2 Ronnie's joke about Porridge may have been too close for comfort.

My representatives tipped me off that to report your post that you needed to be unfiltered.

Under surveillance 😂 This still doesn't change the fact that you openly admitted not paying any capital gains taxes on your share dealings so perhaps you might be the only one under surveillance.

There will only be 1 Ronnie soon when the HMRC catch up with him as he will be starring in his own version of Porridge.

Must be a good news day when the filtered little green men are relative quiet in their negativity.