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the presentation should put a little rocket up this one tomorrow as well. More results for the remaining drilling expected anyday too, plus the phase 2 confirmation and $2m incoming, in addition to $3 or $4m already in the bank, phase 2 will be fully funded by the big guns. So much happening here for the rest of 2022...

Sotolo - only people who talk about “why didn’t the majors put a bid for the company at 8” are those who have zero clue on markets functioning. It’s a little embarrassing

Chickenlegs- imagine 200m at 20g/t… now that would be something won’t it? Clearly they have high grades, question is what intersection lengths and how much above 10g/t the grades are. Can’t wait!!! I honestly think this will be in the 40s soon if we have similar results later this month, and phase 2 is confirmed.

Rivaldo - that's a good post. Anyone who knows about OMI, or does their research, will know this is big. The previous result from APTA were amazing, with one of the intersections hitting nearly 10g/t.

there, let's start again

This will be in the 40s/50s by end of this month. Bring in phase 2 confirmation and we will be laughing here. Poor holder who sold the big chunks yesterday …

That’s what we are talking about. 150m at over 3g/t. This is brilliant

You two are funny.

Come on Brad, prove these doubters wrong and give us a juicy RNS

Sea of blue today. Slowly slowly heading towards the 20p

1.2m shares already swapped hands as of midday. 2.5m by end of day, so volume definitely picking up. It seems a bit stuck at this range momentarily…. Needs a bit of a push - where is Bhargav when you need him? Come on Bhargav, add a few more :)

Pretty good volume in the first hour. It’ll be a good week ahead.

I think this will see a 25/30% rise tomorrow. Still think it’ll be close to, if not above, 20p by end of week. With decent news on phase 2, and positive and forward looking presentation, who knows where this will end up.

Seingrad- the difference is that Solg and ggp reached their highs way the peak of exploration. We haven’t even started yet, in relative terms. It’s like saying GGP went from 0.5p to 2.3p (that’s deemed a high), it went back to 1/1.2p then up to between 2 and 4p for a while before the big spike upwards to 40p. So there are many many spikes, depending on when you get in. Omi is barely worth anything right now, so if it takes GGP’s journey, I’d say this is the equivalent of when ggp was 1p. With a little bit of patience, luck, and hopefully good timing, one can make a lot of money in this one.

@bhargav - do you recall at what price a big chunk of director warrants are exercisable? I think it’s mid 20s, and they have to be exercised before end of September (I may be wrong here), but you may have this at hand :). I feel the price may be pushed to those levels to allow for this to happen? What are your thoughts?

Absolutely no need for a fundraise in the short term. Once phase 2 cash comes in (£2m), and the cash already in the bank around £3 to £4m, then they have plenty. If the share price increases to mid 20s, there are some warrants which can be exercised and more cash will come in. I think talking about fundraising for OMI is simply to put doubts in people minds. No cash is needed right now. And because no cash is needed, even if they do raise funds through share issuances, it’ll be at a decent price and not discounted to high heaven. The most frustrating thing is when the BOD fundraises when SP is at the bottom or their cash balance is so low that a huge discount has to be given.

Last week I said this will be mid teens by end of week. I thought it would be 15p but I’ll take 14p, with hopefully 20p before e 7th

Just a few more days to go now. Come on omi, show us the goods

Remington - it’s taking a breather before the push toward the 20p before the news on phase 2. It’s actually not a bad thing to take a breather before next push, next let up will be much stronger with the breather

Bhargav - I think we would be in a good position if we see 15/16p before the presentation. I expect more upside subsequent to presentation and am hoping (fingers crossed) that we smash 20p and head towards 30p with the news on phase 2 or other drilling news. I think September is the month where we will definitely see where OMI will be headed, one way or another. But I’m super optimistic come end of September we will be looking back and saying how the hell did this get brought down to the levels it did. It won’t matter though…

This is literally at ground zero and reminds me of GGP a little when they were struggling to make progress. Then they hit the mother load….rest is history and up to 40 times returns for those early birds.