Member Info for vicjain

I agree Silverlight. It does seem the best option would be for TL to fund completely as they need the gas and we need to get the drilling done. 20% of a big resource is better than nothing for us. The CLNs were a disaster for the sp, despite AB's assurances so i'm glad there are no more CLNs. The sp is at a complete disconnect to what the resourse is worth.

I reckon the BOD may well realise how unhappy shareholders are with them and see that a NO vote seems the likey outcome so may well cancel the AGM. Unless of course they provide more clarity on things, a forward plan and release accounts before the AGM...???

For me PPP ran out of credible excuses ages ago for not issuing the accounts. They are treating shareholders very badly and it seems they have no regards for shareholders what so ever. After almost 1 year of suspension they are still stringing us along. I will definitely vote no if we don't get some solid positive news in the next few days. They really should be issuing the account first with a credible forward plan before anything else.

Seems many on this board will be voting NO which i agree with. The BOD are out for themselves and have done nothing for shareholders since the share was suspended. They need to get the accounts issued and suspension lifted and provide a forward plan before anything else. Then and only then should they be asking for more shares to be issued if necessary.

AB on paper seemed great...but in practice worse than the previous BOD...I do think this will come good eventually and with CLN's gone i do expect a recovery in the sp.

More delays....Seems AB has been pretty useless since coming on board. However no more CLN conversions which is a big positive and it does seem the CLN's had caused a big drop in the sp since being announced. So the the drag on the sp from CLNs will be removed. Positives and negatives in play it seems. How will the sp react...???

Agree Legalwolf. The sp has been pushed down too far and is way undervalued so it does make sense for people to buy in at these levels especially with the expectation of the next RNS which i believe will be very positive, likely relating to forward plans and Pepas drilling. Looks like demand in now higher than supply imo so looking good for move up in the sp to the teens and above.

Big statement from the CEO back in March and since this nothing as such as happened. Shareholders still in the dark about many things, no audit, share still suspended and now they want authority to issue new shares. Sounds very suspect to me. Maybe get the audit done and completed by Q2 as the CEO stated, get the share relisted and give shareholders more clear info about the future then start asking for authority to issue shares. This is the very least i would expect after being in the dark for almost 1 year. I hope the directors read this board and start looking out for shareholders more and quote.... 'achieve a higher level of shareholder value'......

Clearly things take time Seingred but in the Webinar it does seems Brad is moving to the idea of monetising Pepas and sees the sense in doing so. So for me this will be the focus now and i do expect Brad will let us know his plans soon enough. A bit of good news should see the sp back in the teens and above.

Indeed Sharetrader123. No downside in getting the gold out of Pepas now. Also Brad said he does not need a JV to get the gold out of Pepas so this could happen relatively quickly imo. Just now waiting for Brad to get his skates on and get the ball rolling at Pepas.

I reckon Brad will now want to focus on monetising Pepas which makes sense. Gold near surface at high grades, easy to mine, infrastructure in place, gold at a high value, Brad also not getting any younger. The sp is due a big bounce from this way oversold level and the right RNS will propel the sp much higher imo.

We have the usual suspects deramping as ever. Hard to believe they are actually holding shares with their constant negativity about OMI. They clearly have their own agenda and seem to want the sp to fall..? That said i reckon Brad will focus for now on Pepas which has all the positives in play. Makes sense with the price of gold on a strong upwards trend and the relative ease to mine there. The sp has been on a downtrend for some time now but is way oversold imo with the assets in play. The sp will be back up to the teens and above soon enough imo.

Looks like the resident deramper has gone into overdrive. Clearly he hates OMI and wants the sp to fall...i wonder why..???? Either way OMI is worth way more that the present sp with what is known. The webinar next week is also a positive which will provide further info on Brad's thoughts and future events here. All looking very good imo.

It's been a long continuous drop over the last few weeks catching many out including me. Just shows how a lack of newsflow can kill the momentum despite the strong fundamentals. However, OMI is way oversold imo at this point and we are due news on many fronts. A good RNS can erase this drop in an instant and i expect a good RNS anytime now.

Surprised OMI is at these levels again. As usual no news and the sp just drifts down irrespective of the strong fundamentals. OMI is way oversold imo and is due a big move up. The constant drip down over the last few weeks can be wiped out immediately with a good RNS, which i believe is due any time now.

I suspect we will get further RNS's to expand on today's RNS so hopefully many questions will be answered before we re-list.

The RNS shows that PPP will re list so that is the main overall positive for shareholders. No mention of RM in the RNS. Not sure if that is significant or not. GBP 0.1 to me means Great British Pounds 0.1, ie a tenth of a pound ie 10p. Also warrants are at 4p, which as i understand warrants are usually at a lower price to a placing price. Either way the RNS creates more questions than answers typically with PPP. But at least things are moving forward.

Thanks for posting the reply from AB Silverlight. Surprised additional funds from Timor Gap were not available. So we have to accept the deal that we have i guess. AB does have a big shareholding so it is within his interest to get the sp higher. Either way i do think the drill will provide positive results and that's probably when more doors will open for SNDA and we get a much higher sp than now.

Disappointed to see the sp at these lows. If this drop is due to the CLNs, then i agree scrap the CLNs and and get the rest of the funding from TL. AB really needs to sort this out. The sp performance has been abysmal since AB took over the reigns.

Now with a director buy i expect we will see a few more and also a gradual movement upwards in the sp. Directors will always have more info than the rest of us and so this is a big positive signal to a much higher sp going forward imo.