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I suppose it could be Josepi, but to be selling at these low prices is just so risky and since the sp has been decimated and at such a low point, a bit of good news could really move this up very quickly and in a big way imo. This has become such a frustrating share to hold and like many i am fed up with it and will be looking to reduce my holding but not at these very low levels. I do think once phase 2 happens then the sp will be in a much better place with much better newsflow and i do intend to hold a big chunk for the longer term either way.
I have held many dodgy aim shares in the past and it seems OMI has been bahaving like one for many months now. I really cannot fathom out why the sp is so low, with all the positives in play, and why people would be selling at this present price. I am also dumfounded that the BOD have not bought any shares at these price unless they are in a closed period. Either way we know big news is in the pipeline so it is a hold for me and i would be buying more at these levels if i had the spare funds. Anotfher seemingly rubbish day for OMI with our useless BOD in charge!!!
Yeah very strange that the sp has been stuck at this level for some time now with very low daily volumes. A good sign DrRemington that they will allow a big sell in one go. Wonder what the MM's have in mind? News ever closer and with no build up in the sp, i would hope to see a sharp move up in the sp when drilling news does finally drop.
Well with absolutely no hype built into the sp and rather it being at a rock bottom price, it seems that expectations are very low. That said i think even reasonable drilling results should boost the sp imo. I would expect drilling results to be out any day now as Brad did say a couple of weeks and we are now past that....not that Brad's word is much to go by i hasten to add
Volume so low and those small purchases of 25 shares or so are perplexing. Wonder if the reason the BOD can't/won't buy now is because they are in a closed period......Can't remember when the volume was so low for such a long time. I guess those that wanted to sell are all out now and many are just waiting on the sidelines ready to jump in once we see some positive news. News can drop anytime now...just a waiting game as ever with OMI
I think many here including me have had enough of the BOD here. They have been completely useless in maintaining any kind of shareholder value and have only done things to benefit themselves imo. Sadly it is the way many aim companies operate and i have seen this behaviour time and time again. That said the sp is at rock bottom, volume is non existent and we have drilling news any day now and phase 2 should be in the bag in the coming weeks. We also have a strong balance sheet and 2 other projects in the background that don't need much finance. The big boys are in charge and would not have invested their time, expertise, money etc if they did not like what they see. So despite all the negatives over the previous many months, the sp has way more upside potential now as things materialise and those catalysts are so close now.
Seems the sp is completely dead and at a rock bottom price, no volume to speak of and no real interest it would seem...for how long i wonder. It will up turn at some point probably when we least expect it to. Such a low market cap with 2 big players controlling things.....they are here for good reason. Still holding and waiting.
Agree bhargav, positive sp movement will be based on good newsflow but i do believe positive news is now so close and with phase 2 in play, i do expect a better sp going forward. Hard to believe that things will get better with the way the sp has just fallen continuously for so long but a turning point for the better is coming imo
Very true Impecunious2....At some point the value will show here despite all the cr@p we have been put through as shareholders. The present sp defies all logic to me but it is a product of many negatives which do appear to have all conspired to trash the sp for now. With the impending news due over the coming weeks, i do think the value will return here and when the sp does start the move back up, many will be jumping back in more than likely. There is a tendancy for people to jump on board when they feel the sp is on an upwards trend and not much longer to wait for this imo
Agree zapsnap...when all are pessimistic...that's the time to buy...we are so close to the bottom if not already there imo...I also made the mistake of coming out of ggp around 1p before the mega rise thinking all was lost then, hence why I cant let this opportunity go especially when we have 2 big players on board and so much big news imminent
Does seem many are so pesimmistic here now, understandably. With the sp at mega lows and i guess most are in the red including me, a bit of positivity could do wonders for the sp and see many getting back in. Still holding and still expect big news in the coming weeks and with drilling news due in a few days for starters. Depressing times for OMI but the downside now is very limited and the upside is way more probable now imo
Based on past performance it can be difficult to see positives especially with the way us shareholders have just been battered down for so long, however with sentiment so low and the sp at such a low level i will go on the basis that we will get a boost in the sp as we await drilling results which i do anticipate being positive and good for the sp.
Agree bhargav, his wording does have to be taken with a pitch of salt however we now have something to focus on in the near term and i do think the initial drilling results will be favourable. This should, imo, boost the sp and in the mean time before than i do see people buying in, in anticipation especially with the sp at these levels.
I do also think we will see a change in a good way for us shareholders once Phase 2 is announced with a ramp up in drilling and results being released more frequently. We just have to wait and see but with the sp at these levels, it is dirt cheap for what we have and a move to the upside is way more probable now imo
In the interview yesterday Brad did say a couple of weeks for drilling news so dare i say we should know by mid July. With the sp so low we may get a decent move up in the sp imo. Time will tell but the big move will come once Phase 2 is announced. This has been a very tough hold but i do feel much better times are now ever closer.
We clearly have had many negatives with OMI. Way more than i ever expected and this is aptly shown with a decimated sp. Patience has been needed in bucket loads here and i, like many am in the red. That said we have come so far and now things are gearing for the next leg up. The sp is at a rock bottom price and with newsflow over the coming weeks, the sp has a much higher chance of moving to the upside. So i keep holding and would buy more if i had spare funds just to average down if anything. A bit of positive news and the sp will move up in an instant in a big way imo.
I agree DrRemington, Looks more and more like Brad was told to tone his positivety down and this is obvious with the very poor state of the sp. Even now we are in the red today. It is pretty obvious to me that Newmont/Agnico like what they see and will move to phase 2. With all the positives due and the move to phase 2, the sp is way overdue a big bounce to the upside imo
Good positive and upbeat interview from Brad. A lot of news due over the next few weeks, Phase 2 decision by 6th September which is a 'game changer decision point' as Brad says and will lead to a ramp up in drilling. Also we are due some drilling results in the next couple of weeks from what Brad said. Regarding other projects, Brad is positive with El Pantano and also expects drill results from the Brazilian Tin project by late August/early September. Amazing with so much positive news imminent the sp is still lagging at a low point. This has to pop to the upside very soon imo