Member Info for smalltrader

Hi Ross, nice find here. Would be a nice Xmas if this and BPC multi bag for us. My plan with BPC is to exit before the spud date but still wondering if I should leave 50% until the results day. What is your plan with BPC?

Devon -
"plenty of time to rest now. No Prospectus for weeks, No deal for months."

Tortoise won the race while rabbit was still sleeping so likewise SP can move very quickly while waiting for the deal. I personally did not expect creditor approval for the merger as I thought it might be another extension due to the uncertainty around POO due to US elections but now that we have the approval so obviously the next RNS is about the deal so no more negative news and now is the best time to accumulate for the re-rate instead of waiting for the deal to land. IMO.

Nice one middle east!

Various articles mentioned that it would be 6.5B

Some of the gold miners up fee percentages. Hope we have a RNS this week and gold stays above 1900. Clearly when the RNS lands, NT to buy or sell! Would be nice watching how it plays.

Bc2020, admire your confidence on the rise of PMO and today's RNS should reinstill that confidence in everyone but am surprised by the reaction of the market. What are your workings for your shares on the 5% of the combined company? I see you mentioning 22p+ after the merger , which is great and am looking to load up here in my SIPP but I'm still not clear what will happen to our shares after the merger. I read that someone reached out to IR and it seems they got a response that our existing shares do not get diluted so if that is the case then today's price is a bargain basement but market doesn't recognise that. I wonder if the market reaction today is due to the US election result with Biden win can put brakes on the POO?

I also think that with merger transaction existing PMO shareholders will be offered to buy new shares in the big company at a discounted price and if the offer is not taken up then the existing shares may get diluted? Don't think am talking sense but appreciate if anyone has any idea on how the 5% of the new combined company would impact existing share holders?

DrRemington, am talking about getting early into a company early with million shares. I can't buy million shares at the current prices!

Congrats to you and Bhargav for getting in so early and for identifying OMI so early. I hope to find a lucky one like OMI on AIM.
Where do you see OMI going from here? Keen to hear your thoughts.

This comparison might be a silly one but just thought to put it out to see which has more potential to multi bag from current prices -

GGP - SP 23p - MCap 800M - MRE Due - 3 Bn shares in Issue
OMI - SP 30p - MCap 50M - Drilling to start - 160M shares in issue
POG - SP 26p - MCap 1Bn - In Production - 3Bn shares in issue
EUA - SP 30p - MCap 750M - Take over - 3Bn shares in issue

Don't know if there any others to add but considering above 4 to be the top of the cream, wonder which one is the first to multi bag and which one is the last?

We have already seen OMI touching 40p couple of times already and we haven't see any of the other 3 hitting 40p so far!
Once more news lands from OMI, we are looking at 50p and 60p as that puts OMI to still 200MCap and is low compared to the other 3. Seems to me that OMI is the clear winner and is the one to be in?

Toonamry, re NCYT, don't think anyone would have got in at 6p with 10K or there may be one or two but yes you need to pick a stock and go all in and have patience like a saint and keep believing in the company. I sometimes wonder if it is good to have invested in multiple companies or stick to only one? I thought AVCT is the one to be in and not NCYT due to 15mins saliva test sounds far superior than a nasal swab test so sold out of NCYT too early after I got in at 65p, 95p, 101p, 105p, 265p, 377p, 500p and all these are my entry and exit prices. But in hindsight, it would have been best if I had shut the f** at stayed calm after buying at 65p.

Like Bhargav, stick to one company and just keep adding as long as we are confident that it doesn't go bust and OMI with 2 major partners and nearby assets having million Oz gold, definitely is the one to be in. Once the first drill results are out with some good numbers, sky is the limit for OMI!

Drilling starts in November but am not sure what is the anticipated timeline for the drill results? NewmontGold any idea?

"
It will jump up to £20 on the next contract. We all know it's coming, UK, FR, DE, could be anywhere
"

Jump to £20 may not happen but a jump to £15 easily achievable. Testing is needed for foreseeable future and if Biden wins in US, he will call for more testing and with NCYT's gold standard test kit, the orders from US will start to flow in. Once the order news lands from US and other countries, this will go bonkers. Now if GH can throw a RNS next week then it is blue skies....

bloody missed a top up today under 30s but hell I paid 32.5p.

Remember GM said the journey has just started! There is lot in the pipeline to come.
peeps need to rush in as by end of the day this may rise as no one wants to get caught pants down if RNS lands on Monday.

Now with BPC, if Trump wins oil will go up and BPC into 3s? Although polls indicate Biden win but I feel like last time Trump will pull off this time. Texas will be a big win again for Trump.

Am in NCYT too and topped today avg up!

NCYT is a roller coaster ride but it may go higher highs. BPC more potential in short term.

Loss 22m not profit

EBITDA doubled
Gold production up by 39%
Debt 2019 561m and now 538m just reduced by 23m.
Realised Gold price $1640
Profit 22m?
TEMI valued at 30M but purchased at 60M

Says auditor does not find anything of a concern.

Bullish statements from Chairman

Don't know how markets react

I think in some of the past updates we have seen the rise on the next day after Hav results so we may see a tick up tomorrow and next week. After US elections big stimulus package on cards. The more money they print higher goes the POG!

Owls, am not trying to prove anything and I don't claim to be smart. I just shared my trades and yesterday RR. was up and POG was down. I was out at 34p from POG and look where it is now. Hope you will agree that it was a smart move? Long term POG can go higher but no one knows when it will go higher. If the current board can get their act right then 60p is possible and I keep an eye on POG always. Let's see how the SP reacts tomorrow.