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Looks like news from Middle East about proposed waiver on Iranian oil did it

All the TR1s are selling

There we go, 50s :)

And there’s the problem

You need to include the monster levels of capex etc

That’s why the shares are down here

Will shoot back up Monday though imo, too many buyers kept lining bid in 46s today. Let’s see

Too much stock wanted here so up Monday

Bid too strong, too much demand down here

That’s why Baron has the following he does. One of the best in the business

I’m also long OMI, ii money going in by looks of it

Probably those following the baron.

Very difficult to any prices currently to buy which is a good signal

IQE holding up well tbf

That’s why this always gets sold into

Just checked and apparently placing shares and results are both next week on the 20th. Don’t think I’ll hold that day tbh

What day next week are results?

Moving up quickly again now

Someone wants in

Over 12m on 46p lol

This is doing really well to only be Down 1%

Not sure it’s a positive

Fair?

Suppose that’s what the bears (I used to be one) need to catch up with. This geology is now looking like OMI has a broader multi-deposit gold project, the Pepas system is much larger than initially defined.​​​​​​​​​​​​​​​​ The results in the West are substantial and not what I expected to be honest.

What is very material also is the 100m strike which refers to the horizontal length of the mineralised zone along the surface - basically, how far the gold-bearing rock extends in one direction when you look at it from above. So when Brad says Pepas West has at least 100m of strike, they mean they’ve confirmed the zone runs at least 100 metres in a northwest direction.

The PEP090 hole stepped out 30m of the previous holes and still hit mineralisation, which is how they extended the known strike length. Each time you drill further along and still find gold, you’re proving the zone keeps going. The crucial word here is “open” - the 100m of strike is still open, meaning they haven’t drilled to the end of it yet. It could be 150m, 200m, or more - they simply don’t know yet.

Compared to what was known before this is very material news. I thought this would open up at 25p on the day so market has been lucky to get them down here imo

Usually a bear but it’s looking rather bullish again here now

Fundamentally very important news yesterday and suggests there’s a lot more coming from Pepas. Spectacular grade and strike.

Can confirm no shares available to buy at 22p

Atb