Member Info for vicjain

Omi will get bought out before actual mining takes place imo. Omi have even indicated they won't go the distance as i remember. Also OMI did the last placing to bolster their bank balance and for funds to be used to consider other projects at the right price. As more drill results come out, the value will be more apparent and real value can be attributed to OMI. The sp will rise according and eventually Omi's share will be bought out. The sp will be at a much higher level than now. Director holdings are rather low, however they have been granted a lot of options so in reality they don't need to hold many shares. As the sp rises they will be quids in either way.

Average or not bad...down to interpretaion. Clearly not good from the market's perspective. Also this initial drill area was really chosen as it was the easiest to gain access to and was really more to get an understanding of the geology. With a more VMS structure from the last drill results, which is still seen by Brad as being profitable, the sp drop has been way over done. The sp drop is more akin to a duster or nothing being found imo. I expect further results will prove more favourable to the market. Lets see

From the last drill results alot of valuable info would have been gathered and so will have been used to pinpoint the best areas for further drills, with the VMS structure and with Agnico's experience with such structures i would anticipate a better set of results that will please the market imo and so have a big positive boost to the sp. Clearly Brad is aware of the massive negativity surrounding the last results so surely will do all in his power to present the next set of results in a much more positive way and hopefully with a better explanation of the meaning and significance of the results. The last results were not bad but the market perception was has proved very negative. Surely a similar negative reaction would be a PR disaster if anything.

Brad did indicate with the mix of metals found, it is still can be highly profitable....hope the next drilling rns highlights this...I really think the next drilling rns will be more favourable to shareholders....the sp performance since the last drilling rns has been a nightmare and very disappointing with rock bottom sentiment...I would expect omi to realise this and do all they can to have a much better reaction from the market on the next drill result

Definitely oversold and good to have technicals show this as well.....big bounce way overdue...can come at any time.

Yeah Tom1927 think you're right there, it dropped to around 17p, however we did not have the drilling taking place then i think and things have moved on since that time so for the sp to be where it is now is crazy. That said we must be close to the bottom now either way. Way more upside than downside. I really do think the next set of results will be favourable and i'm sure Brad is aware how bad the market has reacted to the last set of results and how bad sentiment is now despite the conference call. He did say he will be looking at social media to guage the reaction following the conference call, from memory so clearly the reaction has not been good. All the more reason to focus on the positives and maybe present the next drilling with more positivity.

Can't remember such a long protracted drop in OMI since i have been invested here. With drilling taking place and a 4th drill coming on line the present sp to me is baffling. Also in the conference call Brad did say that the the drill results indicate a mixture of metals but can be very profitable. This just makes the sp now even more unbelievable. What is annoying now is i don't have any funds to top up. Hope when the next set of drill results come out OMI will present them in a much more positive way that the market likes. Come on Brad, bring some cheer to us shareholders.....

Sadly aim is full of pump and dump merchants Impecunious2 but a near 50% dump is excessive for OMI imo and it has been pretty much down most days over the last 4 weeks. Well, either way all the froth of the build up to close to 40p has gone so hopng for some upwards movement now. I would expect a fair price near the 30p mark as a reasonable level imo without further news

agreement should say opinion

It does seem Sotolo that we have a difference of agreement so i wont try to justify my comments, suffice to say a near 50% decline from it's recent top i would not class as a 'healthy' correction, strong fundamentals at this point excluding drilling results ie 2 big players Newmont and Agnico with a wealth of knowledge and experience putting money into fund the project with OMI, also i would add Newmont turned down a collaboration with GGP a few years ago after a long due dilligence process but were happy to go with OMI, a stable favorable political system and a project location with a good pedigree.

I was thinking more from its recent peak in the high 30s with a continuous drop since then for the past 4 weeks Impecunious2...such a long decline with strong fundamentals is what really is frustrating....that said the sp is at bargain basement levels and with the next drill results not far off I would hope the sp will start its recovery now

If it is difficult to buy now just imagine how difficult it will be with a bit of good news...

It does seem difficult to buy from what some are saying yet the sp is still in the red. Really can't understand the sp behaviour. If demand is there to buy, why does the sp not rise? This last month of a continual declining sp is very strange to me since it has been dragged out for so long and not seen any kind of a recovery as such. Aim still confuses the hell out of me have to say

4 weeks since last drilling RNS and the sp has dropped almost 50%. Very sobering to see such a drop. And still the sp falls since the conference call. Should get next drilling news around Easter. The BOD are aware how bad sentiment has been since the last drill results and i am expecting the next drill results to be more pleasing to the market and hopefully OMI will be very upbeat about them. We really got to know only in the conference call , as i see it, how the drill results can prove to be very profitable and Agnico are key to establishing this value imo. Seems the market have not reallly focused on this point bizarely. 17p was the last placing price and the sp quickly recoved from here. Will the MMs pust the sp to this level? Wonder when the bounce will happen here. Also i would expect a build up in the sp as the next results are getting close to being released

I think the MMs are just tightening the screws as much as they can. I would guess a few stop losses may have bee triggered at the 20p mark possibly as well. A bounce back is way overdue. The BOD are aware of how low sentiment is and with the sp falling even more since the conference call, the BOD really need to address the very poor sp performance. I do remember Brad saying they would be looking at social media ie twitter etc to see the reaction following the conference call. As it stands the market is still punishing the sp, however i do think a big bounce will come very soon in a big way

Well just bought 4900 shares at 20p. Lets see where this goes.

Seems the market wants to take the sp down again. How low will they go. The BOD are aware of the disappoinment with the sp so i hope they will address how they release the next set of results. The second drill results were explained further in that mining with what was discovered can be very profitabe and with Agnico on board, this has to be a massive plus. This is something that was not apparent in the last drilling RNS so is a definite positive. Hope the next drill results will have some clear positives that the market like. Sentiment has been battered so low and the conference call has helped to allay some fears however the sp is still falling so i hope OMI bring out a really positive drilling RNS next time. Some more director buys of a substantial amount may also help to improve sentiment

Simply it was a reassuring conference call overall so i would expect the sp to recover somewhat now...many things have been discussed and a lot of uncertainty has been cleared up imo. If there is a drop in the morning then i will top up as i feel any drop will very quickly be bought into and i expect to see a strong sp performance tomorrow

A big area to mine and it will take time, however it does appear to be a very rich area for mining. This will be very profitable for Newmont, Agnico and OMI. I am confident that OMI's share will be bought out in due course and in the mean time OMI are looking for other projects though for the right price. This further suggests OMI's share will be bought out imo. As i said before i will hold for the eventual buy out of OMI's share of the project....

They acknowledged that the 2nd set of results were not as exciting as the first mainly as they needed to understand the economic viability. The 2nd set or results included other deposits ie copper and zinc as well as gold. However as has been mentioned already it should be economically viable and highly profitable bearing in mind the cost of extraction and what other companies with a similar deposit are able to achieve. This is a big positive for me. I would expect a positive market reaction to the info from this conference call and it has made me more comfortable with my investment here.