The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I think many are very cautious about Brad and nervous about tomorrow hence the drop in the sp in the latter part of the day. And this played into the hands of the MMs who quickly dropped the price and collected alot of shares ready for tomorrow imo. I would expect a 7am RNS confirming the go ahead with Phase 2 at the very least. This would clearly lead to a good subsequent Webinar. Hopefully some good drill results will also be released but Phase 2 in itself will be a big positive to show Newmont/Agnico like what they see and are happy to move up the gears.
So with Toronto being closed Monday, a Tuesday RNS seems very likely....very timely for Brad who favours Tuesdays for RNSs and just in time for the webinar.....Monday the last day to get in before big news it would seem then.
The MMs are very skillful at wrong footing investors however company changing news is almost here and it will have a fundamental positive change with the dynamics here. So this is not the usual buy the rumour/sell the news scenario imo but it has given the MMs a good opportunity to scoop up shares for the main event imo. With Phase 2 signed and sealed, i feel much more solid news will be released going forward and there will be greater demand for shares from bigger investors. Phase 2 will demonstrate that Newmont/Agnico are very happy with their investment and this will be a big positive signal to the market.
Good post PortfolioPower...I sold out of GGP around 4 years ago around 1p not long after Newmont walked away from the Earnest Giles project assessment. I sold out of GGP thinking all was lost and lived to regret it with their subsequent rise to the high 30s. So now another bite of the cherry with OMI is now almost upon us. Phase 2 is almost signed and sealed and with that the sp will move up by many multiples imo. GGP from 1p to the high 30s so where will OMI go????
6th Sept getting ever closer and big positive news could drop anytime now imo in preparation for the Webinar on the 6th of Sept. The MM's will try and mess around with the sp to get people to sell however they know full well that big news is so close. Those trying to sell now in the hope of buying back lower will be disappointed as the sp is now in a recovery phase so any pull backs will be short lived imo. Too many strong positive factors in play now so hold and top up where possible is my thinking now
Brad does have a habit of screwing things up however I would anticipate phase 2 would have been approved and there will be a lot of positive drilling news to come out by the time the webinar commences...it does feel like so much news has been held back and once Phase 2 gets the green light that's when big news will come out...so im hopefully for a good positive webinar from Brad
The drop in the sp over the past many months has definitely been way over done dealer55, way more than i ever envisged...however this is Aim and logic rarely makes sense in this environment. On the flip side it is way under valued imo and is way overdue a big re rate. As the saying goes 'but low and sell high'.....
It's been a strong week with OMI after such a long time. People are getting excited again and volume is returning. Brad doing a Q and A on the 6th September adds to the positivity and bodes well for alot of positive news flow imo. Feels like a resurgence is now happening and the sp is starting to move up through the gears after being in reverse for so long. Looking forward to many blue days now as we get so close to big news.
I think it is clear to many long time holders that key info has been held back and this to me is just a sign that Newmont is fully in control and want to restrict into until they have more of a strategic holding here...that will be very soon imo...I am fully confident Newmont/Agnico are happy to proceed with things so for me this is a hold/buy as we await solid newsflow and a subsequent re rate in the sp
Believe me Chickenlegs my faith in OMI has been sorely tested over the last few months and with hindsight i wish i had not got into OMI with the way things have transpired over the last year or so. With 2 big players on board, a positive cash balance and a massive project in play, how can the sp be where it is...unbelievable...but we are now at such a ridiculously low sp. I really do not understand why the BOD do not buy shares at this very low price unless they are in a closed period as such. I do think Brad is restricted from giving drilling updates to us due to the agreement set up. But still he has done nothing positive for shareholders accept getting a couple of smaller projects on the books but even they are lacking any real positive news. That said we are due so much news and I do think come September we will be in the picture in a big way and the sp will be worth way more than now. Simply Newmont/Agnico know what they have and eventually we wil benefit in a big way once news is released. Selling up now is just not an option for me.
I think Phase 2 will bring much more news. The lack of newsflow i think is due to Newmont restricting info. I really can't see any other reason for such a drought of news so for me it really is about Phase 2 being sorted out. Sometimes i think we would have done much better without Newmont on board ironically however we are where we are and just a few more weeks for a big turnaround imo
Yes ezlee87, i think most are down with OMI sadly, including me, and no doubt those selling now/recently are likely selling at a loss. Aim can be brutal for shareholders and despite the potential of OMI and the positives in play, shareholders have been screwed over for a long time now. I did not expect the power that Newmont is probably exerting over OMI to limit newsflow. That said, I am looking to Phase 2 completion for the positives to return here. I am hoping to buy a few more here before then but that does depend on other investments working out.
It does seem that Brad and the other directors have been completely useless in this so called 'rich news period'. It really beggars belief how woeful newsflow has been but i think this is what Newmont/Agnico want until Phase 2 is all sorted and no doubt Brad has to comply. And of course with such poor newsflow for shareholders, the sp has been decimated. Things are happening in the background no doubt and at some point we will get a lot of positive info and that is when the sp will finally start a big move up imo. Just a tortuous waiting game as ever until big things start to happen here...but not much longer to wait imo
Looks like any real news will be later than i expected. What did Brad say...'news in a couple of weeks' which meant around mid July....mmm. Phase 2 now due in just over 1 month and i expect a lot of news flow around then. I would be happy with a buy out sooner rather than later. Had enough of OMI now to be honest especially with the way the BOD has treated shareholders. I would hope things will be much better once Phase 2 has been sorted. Either way, a shareprice above 40 pence and i would be more or less happy to exit here even though OMI is worth way more than that imo.
Agree alot with what you say bhargav and yes i may be repetitive but then i also see many repititions from your goodself and as i mentioned a very long time ago...which i guess you may have forgotton i am not a her.........:)