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Thanks for that great news MNN.
Bhargav was the poster, back when the share price was 1.8p/2.9p, that was very bullish about OMI. Sometimes the only daily poster, he was confident enough in OMI to state that he was buying right from those penny prices up to 40p - more than 5000 posts on OMI in 3 years. All the LTH's will have read many informative posts.
In May this year the postings suddenly stopped. I hope sincerely that nothing has happened to Bhargav, and wherever he is wish him well. But you just wonder if some problem has occurred which has lead him to have to sell some of his OMI shares. There have been a lot of share trades between 50000 and 100000 since he stopped posting, and I believe he was holding 1.5m+ shares.
I hope I'm wrong and everything is ok, but it could be the reason for the continuous seller over the last 6/8 weeks.
Matrix 1 - You are absolutely right - I've being very confident about OMI for a long time, and would urge investors to HOLD for Gold - this share has more potential to grow than any other AIM company.
You have to show patience to make the big wins.
Great post jwoz - in addition don't underestimate the huge power of Newmont/Agnico and that Columbia is amongst the world's lowest cost of mining.
In 2020 Newmont/Agnico mined 7.65 million ounces of Gold compared to say Newcrest with only 2.15.
Newmont/Agnico have backed Anza to be a very successful mining project, and could end up with 5 new mines, all producing gold and various other in-demand metals.
It needs a bit of patience but there are a large number of holders who regard this as the best potential of all the mining companies on AIM.
Newmont/Agnico obviously agree.
I believe we have found the bottom. It's not easy to make money on AIM, but it never was. I'm sorry for anyone that's currently in the red, but currently is not forever, and it will rebound very strongly in the next few weeks.
There are just too many positives with OMI for it to remain in the middle teens. It just needs an RNS for instance that confirms that future assay samples will be sent to the USA or Canada for analysis, because Newmont/Agnico want to speed up resource estimates.
Or an RNS that confirms it was a huge nugget that propelled the gold content of the last hole.
Those are only possible examples of potential RNS's that would double the current price overnight.
Newmont and Agnico know what they are doing, we just need to trust them and not be too concerned with day to day or even weekly price fluctuations.
RNS dated 10-1-2019 . OMI filed a technical report detailing results of previous drilling at APTA , including significant gold strikes at grades ranging from excellent to unbelievable, from Maps11,20,21,28,29,33,38,43,47,48,51,54,62 and 70.
The average gold recovery rate was calculated @ 95.9% -96.1%, more than equal to all the successful mines in the region. In today's RNS, analysis by CSA Global has proved the results were of a high standard, and could be included in future resource estimates
In addition 5 exploratory holes were drilled at Charrascala with good results. I suggest all holders read the full 2019 RNS.
Remember Apta is only 200m (10%) in area of Anza, it's worth repeating only10%. Charrascala,Jesuitas,Guaimarala and La Cejita are all potentially bigger than Apta in gold and other metals.
That's why Newmont/Agnico have fully committed to the overall project. They know that this is an outstanding opportunity with 5 targets, each one in the South American sweet spot for successful mines, and importantly mining costs are 33% less
in Columbia than a similar mine in Australia or USA.
Today's RNS is further proof that Newmont/Agnico are accelerating their understanding of the whole of Anza, in readiness for a potential takeover of OMi.
There are many optimistic LTH's waiting PATIENTLY for the next drill results, and looking forward to a regular flow of results and license updates in the coming months. They will be rewarded big style.
Unfortunately there are are number of IMPATIENT pessimists on this board, who only post negative comments. They will lose their money on this share and others by continually chasing rainbows. They should stop gambling on AIM.
Another joker for the bin - what a classic post.......
A new record!! 25 filtered posts today - a sea of green...........
Hi Bhargav
Just filter the losers - I've 11 in my bin!
The fundamentals are very strong, and the patience that you, Rob , Mercedesman and the good Doctor have shown will be rewarded in a big way, as more and more drill results are posted.
Newmont and Agnico know the potential is huge.
Gold up 1.5% and rising. Drill results and conference call to come.
Last chance to buy in low 20’s.
Dryland - the MMs role is to make money out of the trades you and I, and other AIM investors make.
Try reading ‘ the idiots guide to the stock exchange. I am not implying that you are an idiot, it’s just the title of the paper.
And I look forward to all OMI investors making good, despite the MMs, in the next few weeks and months.
Greg & Dr - You are both correct. the MMs have taken a hammering recently - Covid stocks, Eua, GGP, Arb etc., and are attempting to avoid the same at OMI, by panicking weak sellers and then holding out for very profitable prices when OMI starts the big rise.
And it will.
Onwards and upwards. What’s the betting that despite the overdone fall in the share price, that Newmont and Agnico are pleased with the first 4 hole results............
I believe we will get more drilling results this week, and that they will be very good.
The share price could easily rise back to the 30’s.
Mercman - Completely agree with your post.
Apta is a polymetallic, gold rich, VMS deposit which is invariably a positive for economic mining. Any challenge in the geology will be overcome by the expertise of or 2 major gold miners. They have been doing this with huge success for many years.
We have only drilled 2300m in phase 1 to date, with a further 7000m planned, and the prospect of continuous drilling at Apta,Charrascala,Jesuitas, Guaimarala and La Cejita to establish a true resource before the end of September 2022.
At that date, Newmont have written into the agreement that it may elect, at its sole discretion, to exercise its option to form a Joint Venture with OMI.
Newmont know the outstanding potential of Anza, and have shown their full commitment to its success by bringing in Agnico to speed up the process.
OMI is a gold mine share.
Filtered
ALL investors on AIM are gambling that they are clever enough to beat the odds. It's your choice from hundreds of shares, and it's your choice when to buy and when to sell.
Personally I'm down 130k on paper since Friday, but I didn't sell any at 17p, and I won't be selling any in the 20's, 30's or 40's.
That's my choice, because I believe that Newmont/Agnico will massively accelerate drilling in the next 18 months at Apta, then Charrascala, followed by Jesuitas, La Cejita and Guaimarala. We've only drilled a small number of holes, and it will need hundreds to prove the resource.
No gamble is risk free. You can't even predict with certainty red or black on a roulette wheel. Good luck with your decisions.
This will finish today in the 30’s. Newmont and Agnico know what they are doing
Don’t stop believin’
When the next RNS states that operations and drilling are being scaled up and accelerated, we will know that as investors we have struck gold.