RE: Negotiations20 Dec 2022 10:53
Never expected the sp to get to these levels and i guess it can still go lower. Without any positive news OMI always falls and now with nothing on the near horizon i expect the sp will just stagnate at these lower levels for now. That said the valuation of OMI at these levels looks more like a complete wipeout, but i think it is obvious Newmont/Agnico still want to stay the distance as the big rewards are there in the ground. So the present sp is completly out of touch with the true value of OMI imo. This will come good eventually but in the mean time it does look like a dead duck for now....I aim to top up in January at some point, funds allowing, whilst the sp is at this level. Realistically without any news, i guess we could well go to the 5p level....time will tell.