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I would think the BOD are in a position to buy shares on the open market now and are likely not in a closed period. With the sp being at it's lowest point for a very long time and a time where we are due a lot more significant info, it makes strategic sense for them to buy in. It will also show confidence going forward and will be a key driver to get new shareholders on board. i would hope they could buy a significant amount especially with the sp at it's current rock bottom price
I do feel the sp has been battered down to hell and with so much negativity and 'blood on the floor', this is actually the time to buy/top up. The sp can quickly move back up in a big way as we previouly used to see here in the early days. That time is virtually here again imo. Phase 2 so close now
Indeed bhargav as you indicated previously, it would seem July to September will be more positive for us as regards newsflow and i do anticipate some good drilling results in July. Phase 2 is where we will rerally benefit imo. So despite all the negativity in the sp and lack of news over the previous many months, there should be a fundamental change that will be good for us shareholders. And yes directors buying a significant amount of shares would be a strong sign of support and with a dirt cheap price it makes big sense for Brad and the other directors.
Thanks for the update Mambamentality....i think since Newmont/Agnico took over with the drilling etc, newsflow has been very limited and i guess this is why Brad has been very limited as to what he can say. That said Newmont/Agnico are clearly here for a massive payday. They want ultimate control of news flow and clearly know what they have here. With drilling news in July, i sense big positive news very soon. The sp has been battered down due to uncertainty and lack of solid project news. That is due to change to our benefit over the coming weeks/months
Had a quick look at the slides. All things moving forward with imminent drilling results in July, healthy cash balance, formal JV on course by Sept 6th etc etc. So a busy few weeks/months...and with a shareprice at rock bottom....unbelievable....
Clearly the RNS's from today and yesterday have been issued strategically by OMI. Today's RNS is positive and good for Brad going into today's meeting. This will be good for new investors to see some positives finally. I guess it may appease some existing shareholders though we have been through the mill for some time now. With drilling news due in July, i would expect the sp to liven up much more now
The big problem with OMI has been the market/people have always focused on the negatives and fail to see the positives. Apta was always the first area to be assessed due to ease of access but the big results will come from the other projects which are now being drilled with some results due very soon in July. As usual the MMs batter the sp down but clearly there are now way more buys than sells so we should really be in the blue imo. I suspect the sp will gain strength over the coming days and weeks. The sp is at below bargain basement prices imo.
I do think this is a good top up opportunity. I sold a few several days ago to reduce my risk but now bought them back as this opportunity is just too good to miss. I thnk today's RNS has been released strategically to get the bad news out of the way and to now focus on the positives ahead...way more scope for an upside move now imo
I think Apta was never the big one . It was drilled mainly as the easiest to access. So now we are drilling at the better prospects and with news due in July. As you say Chickenlegs...dangerous time to trade...I think some have finally given up here which can be seen as the capitulation stage. This is actually probably the best time to buy as so much bad news has been baked in. I do anticipate a recovery here going forward imo. Newmont/Agnico are here for a big reason and they clearly know a lot more than us insignificant shareholders
Another disappointing RNS regarding APTA, however the focus will now be on the better prospects with core results due from Pupino. As usual the sp gets hammered but could be the best time to top up. No new news at the AGM but clearly Brad will have to do something tomorrow to boost confidence in OMI and to attract new investors.
From memory, bhargav, AIM voters got stitched up and their votes were not taken into account i believe...this is just another ace the BODS were able to use to their advantage i believe...need i say more...the only real positive is Newmont/Agnico clearly see value here and so the sp will recover and hopefully over the coming weeks as we should be getting a lot of big news....I will hold most of my shares till then and re assess whether it is worth staying any longer
If i really thought my words would mean anything at the meeting i probably would make the effort to go, however Brad and the other directors are clearly out for themselves so they have all the aces and we long suffering shareholders don't. I have become very negative towards our BOD based on the complete lack of anything good for shareholders for such a long tme and the way the directors have rewarded themselves with options at a low price despite a very poor performing sp. Despite this i do believe our time will come over the coming weeks as things eventually come together. This should boost the sp to the 20s at the very least imo. Once shareholders can see the light then this sorry share will be in demand in a big way again imo
Hi Bhargav..No i'm not going...to be honest i really dont see any point as Brad et al will do whatever they want. Good luck if you decide to go yourself. As you say not many people turn up to these events so Brad may escape the negatives likely to be thrown at him from hard done by shareholders to a degree. However if he is pitching to new investors than i assume he will want some positive news to dangle infront of them. Hence I do favour the odds of some positive news before the meeting.
Shareholder/investor presentation on the 28th and no info being released by OMI as yet. Volume also very low. Does seem completely dead here, however that can change anytime. I think we are way overdue some concrete news from OMI and i assume Brad would want some positives before going into the lion's den
Good post Rob1967. Really does seem like all the juicy info about drilling, samples etc is purposely being held back by Newmont/Agnico and it is clear to me that what they are holding back is very positive info as both Newmont/Agnico are still here. All this is clearly to the detriment of long suffering shareholders and sadly our BOD have been completely useless in generating any positives for shareholders. The sp is beyond belief but not surprising with such a drought of solid news. That said news must now be very close and some positives are likely to be released before the 28th meeting imo. I remember when really good news saw the sp double in an instant and i do feel those times are so close now.
Seems all we have had with OMI is constant bad news for the sp....just seems nothing has been good here for so long. Hope this current dip on political change in Columbia is just a blip. Agree there is so much big news so close but seeing the sp just keep falling is very depressing. With the meeting on the 28th, i expect some positives from OMI to come out before then and a boost in the sp. The BOD have done nothing good for shareholders for so long but it is now within their interest to come out with some positives before the 28th
Good post DrRemington. It does seem alot of the positive drilling news is under wraps due to Newmont/Agnico keeping a very tight reign on things. They clearly know what is in the ground and will only release results when it suits them. That time is getting ever closer and with phase 2 not far off i feel things will be coming together soon enough and we will see a strong move up in the sp. A bit more patience it would seem but i would say we have gone through the worst of the sp decimation and now the trend should be to the upside imo
The way to look at this is that the BOD clearly will do what is best for themselves and the good thing is they, Newmont and Agnico clearly see value here so the sp will soon enough reflect this. All parties are in this for profit and this will be reflected in the sp as big news events become known to us long suffering shareholders and the markets
Have to say this share has been a big disapointment over the last year or so with shareholder value being eroded constantly to where we are now. I too am very unhappy with the way the BOD have dealt with things however we now are much more closer to big news so just a matter of holding as the sp surely will be getting a big boost with so much solid news due over the next few months.