Member Info for TheItalian

@Portofino5, if we get 10-50 times 40p, I will get a PortofinoM to drive to the boat!

Quady, I think it's just not the right time for it. A bid with a minimum chance of succeeding should be very conservatively above £2, which no one would offer before the formalities (PFS, BFS) are satisfied. The market is not there yet. If those formalities are satisfied and the CGP issue is finally resolved, then the price will start to move north in expectation of a bid or simply to reflect a company in better state. The fact that the price reflects a different expectation at this time tell you all you need to know in my opinion.

@schlemiel I think the valuation was always supported by the fundamentals, but collective price action was not aligned to the valuation for all the reasons we know, and now it's starting to converge because speculating down has become too risky. You could see it in the chart back in August, I posted it on the 25th August describing exactly what has been happening since the end of September.

I think that more importantly, we are now crossing the last remaining downtrend line that was connecting the two previous peaks in May 2017 and October 2018. Now I suppose that we need to see what happens up to the previous 46.88 peak, I expect some resistance since it's a very meaningful level but if we instead cruise through or in any case eventually go over that resistance point, I expect the price to propel to 65p next with no major stoppers on the way.
GLA, finally vey exciting times!

He just went to the bin. Quady, you should be better than that, canbyou not restrain yourself?

You guys have got nothing better to do than bickering with people you don't even know.
Come on, this should be a happy time on this board.

@degsy, TA only describes collective price action, it's not there to contradict fundamental analysis. Now, since the price action is taking place in a channel , technical Fib indicators show a critical resistance level around 19.6, RSI is above 80, and the price is well above all EMA, you could describe the OMI share price as a bit too hot at the moment. Fundamentally the company will one day be worth 10 or 50 times the current levels as we all hope, but unless new buyers come in with volume to push beyond the channel and the resistance level, a cautious investor can expect a retrace before seeing materially higher levels.
Just saying, and of course good luck everyone with their investment in OMI, it's a very exciting share.

Who can only say la la la...imagine that

Zoros, you are the one with the name "Chantal" on Mumsnet. Probably just confused about your orientation.

Not really, I am just having fun with you. We are in two different classes of investors anyway, I hope one day you grow up and learn some good manners.

Thanks

Oh well, then you could also notice that we touched the 200 EMA on 24th Sep, which happens to be the lower boundary of the uptrending channel, which might also indicate that the next move is up (as I wrote the other day, before the 24th September).
So much about technical analysis....

the most recent Barrick transactions and how much they paid? It would be great to know if they really got themselves at the front of the queue. As far as I can guess or calculate, front of the queue for the Cascabel resource alone as we know it at this stage before the PFS and without dilution means at least £2.00.

@coldjoe, why is that?

Come on, keep it tight and keep it relevant, we all benefit from a focussed board.

Thank you Shippy.
The guy is really full of @&#t, there are so many incorrect statements here and there twisting the reality of the situation.

Imho, the price is just moving to test the lower boundary of the upward channel this week, before bouncing back up with next stop above 30p. Or at least I can dream!

@pinotnoir, you are always up to date with all SOLG presentations, are you Nick's wife?

https://miningmaven.com/blog/1009-the-elephant-in-the-room-how-large-could-greatland-gold-and-newcrest-mining-s-havieron-project-be-ggp-ncmThis is from a February 2020 article, and obviously we have come a long way.Not trying to be a party pooper of course, GGP has been my second best investment ever and I am very grateful. However, in light of the stellar performance and the 10 months of uninterrupted growth, are we overshooting or are we not?Any views on how to justify a price above 25p?GLA,TheItalian

My bad, premature senility kicking in.