focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I'm also very tempted to have another nibble. Head tells me it's the right thing to do but like many others I've been bitten on the backside and kicked in the nuts by this share. Nothing with OMI is ever quite as it seems, but maybe just maybe we are about to turn a very big corner here. This has to come good with such an asset as Anza, so why not now?
Absolutely no point in any raise before the drilling begins. They have the funds for an initial drill plan so it would make sense to take some good results (if they are indeed good) to the Mining Select Journal conference at the beginning of July and see what interest there may be from institutional investors.
No idea really what effect it will have on the SP but there is no doubt things are going to get really interesting here over the next couple of months. I'm looking forward to the webinar after the deal is (hopefully) signed. The one thing I believe that is causing a little anxiety here is that with OMI, as many of us know, things are never done till they're done. So there is always a small chance we get an RNS saying "Delay in agreement signing" or "Deal with MMA falls through". You just never know. But I'm staying positive and think we'll have good news by the end of next week, if it drags on after that there will be a few squeaky bums around. We may also get a tweet this week now that there is a large contingent onsite putting drill plans together etc..
People who only focus on the past and on things they can’t control shouldn’t be investing on AIM. For his own wellbeing it’s time for Bharmatt to sell up and put his money in a building society account. He doesn’t have the temperament for this.
it definitely does seem that bhargav is having some sort of crisis. he predicted 8p about 10 days ago before the deal was signed and then proceeded to go on his negative rant ever since. all very odd. however i'm actually quite pleased he's turned negative as although he's been here a long time and posted more than anyone else he has pretty much always got it wrong, and i've been a holder since the day newmont turned up. i'm actually beginning to think not only is he leematt but he also might be zak mir, as he also can't hit a cow's **** with a banjo with his predictions. deal will be signed this month and then a webinar with the drill plan to follow. it's going to be interesting if nothing else.
I wonder if GoldenCar from a few weeks back was another one of his aliases? Equally idiotic posts.
All gone a bit quiet here while we wait for news, but as far as I'm concerned nothing has changed. It's just that there's nothing more to say for the moment. All roads still lead to Colombia and the OMI team is all heading that way, so all that's required now is a bit of patience, which I know some people find hard. As the saying goes "the night is darkest just before the dawn". This will come good shortly.
I have to agree with the general sentiment here, what I don't understand is how someone like Bhargav can post 7 days ago that the share will hit 8p before the deal is confirmed and then start trying to drive it down again through constant negativity and reposting the same old thing time and time again. Must an agenda somewhere but I can't work it out. I suppose some people just aren't cut out for investing on AIM, they don't realise it was set up so smaller companies could get access to finance. So unexpected placings will always happen, you have to like it or just get out. But the constant whining gets really tiresome after a while.
Say what you like about Brad, but if he pulls off this deal to regain Anza with no upfront cost then I think he has played a blinder and it's game on again. The situation now is infinitely better than it was a few months ago at 1.9p, so why waste time being negative? Just move on...
The fact that the Brazil project has been ditched should tell you all you need to know, the clues are always there! What's another few weeks delay compared to the last 12 months we have all endured? It just gives everyone a little more time to prepare the groundwork for drilling to recommence.
I don't see any further placements until the first results are back from Pepas and the Mining Journal Select conference and been and gone, which is 1st/2nd July. It's all to play for, despite the ridiculous rantings of Bharmatt and Leegav.
Just in case anyone is worried about this "placing overhang" rubbish that is being touted, we traded 4.6m shares in the first hour on 2nd April. The Dr is absolutely right, it's not an issue at all. In fact many will have traded them already. So the unexpected placing, while it being below what we would have liked, is actually irrelevant.
I'm in the Bhargav being Doormatt camp! Being so negative takes real effort, I take my hat off to him, her, them...?
I must admit I quite like Doormatt's posts. I particularly like his grasp of spelling and grammar which leads me to suspect he's either very young, very old or very stupid - I'm leaning towards the third of those. The supposedly "disastrous" RNS we're due will obviously have to confirm that we are no longer regaining control of Anza to qualify as disastrous, so it will be interesting to see if he's right. I think not.
We are definitely going round in circles though, that's what waiting for things does to some people, no patience. At least Bhargav has stopped whingeing about the recent placement today, we should be grateful for these small things. Maybe one day he will realise that this is what the AIM market was created for, so small companies can get access to finance!
This will fall on deaf ears I know but perhaps we should all just sit back and wait to see what happens - in the words of the great Doris Day - "what will be , will be...". The price will drift a little till news, that's to be expected. I'm sure Doormatt will have some more incredibly intelligent and insightful posts through the week to keep us amused.
More deranged rantings from Bhargav I see. All doom and gloom again after posting the message below on Friday:
"I don't see that it will be any bad in a couple of weeks...far from it...I think 7-8p before the news is possible unlike any predictions to see 2 or 3 p".
I think you need to see a doctor as clearly you are suffering from some kind of psychological disorder where one minute you're positive the next you're negative. Perhaps you and Doormatt are the same person?
I know Brad George has been no saint to most of us recently but Tuesday is St George's Day, not a bad day to release the next RNS???
I agree entirely. Bhargav has been posting here a long time, not sure what his agenda is but one day he’s positive the next he’s negative. All very strange. Unfortunately AIM does seem to attract odd people. Just look at that Leematt buffoon, obviously a keyboard incel who probably still lives with his Mother.
Seems crazy to sell out now, but I suppose some people have no patience or no b*lls. Brad has been quite clear that any further announcement will come at the end of April at the earliest, followed by drilling to recommence in May. What is the issue here? Everyone knows the situation so why are people whingeing about him getting on with it? Read the announcements, watch the recent video, it's all there! The only reasons to sell are if you need the money for something else now, the deal to buy MMA falls through or the drilling in May comes up with nothing. I'm confident the latter two things are going to work in our favour. Have some patience everyone!!
Think we might see the bid back up at 5p first thing tomorrow. The drop to 4.7p was possibly to see if anyone might get spooked into selling. At the end of this week it will be 4 weeks since Brad's announcement of the LOI. History tells us he's never early with news however this is the new OMI, so you just never know we may get the confirmation of 100% ownership again next week. We also had the last RNS on a Monday when traditionally they've always been on a Tuesday, so I'm guessing Friday could see some decent volume.
If we can go to the Mining Journal Show in July with good results from Pepas then this will get very very interesting. I have no problem with a fund raise at all, once the share price has recovered. We were sitting at around 8.5p last April before C&M arrived to put the brakes on. I agree that 10p is an easy short term target.
Sneaked another 25k this morning after trying all afternoon yesterday, just to get my holding up to a round figure. The bid has increased slightly as no one is selling so they want to dangle the carrot. My advice would be to hold strong.
The rise at the moment is a tentative one as with Brad no one believes it till they see it. Just look at what happened when we all thought Phase 2 was a done deal and then we end up on C&M not long after. So this deal is not certain by any means until the dotted line has been signed. Then we will see interest grow even more and a decent rise.
Perhaps just put your money in a deposit account at the bank? you don't seem to have the backbone for trading on AIM. If you've lost money on stocks then I'm sure we're all sorry for you, but it should teach you that you're just not cut out for stock trading as it seems to have made you very bitter. Take up a nice gentle hobby instead, something more suited to your weaker temperament.
In the same way that to be successful in sales all you need persistence, to be successful in the share markets you need patience. We're not really expecting any announcement until the end of April, so there's no point in getting agitated about it. If it comes sooner then great, and it could come anytime, but the best thing to do now is wait. No one seems to be selling, that tells us all we need to know, there's some fun on the way!
We will get confirmation of the Anza deal by the end of April. Brad stated in his recent interview that he will do a webinar on confirmation and I suspect this will contain details of the upcoming drill plan. I think we all know that timescales have continually been missed by OMI over the years but I sense a new urgency with the project and once we are back in control I believe things will change. There may even be a funding partner waiting in the wings that we don't know about so don't discount that. Also, people keep mentioning potential placings coming up as if it's something negative? Of course there will be placings but that is a good thing as it means the project is progressing and there are people willing to invest in it. It's all to play for from here, finally...