RE: Then End Game for OMI and when?24 Jan 2021 12:17
2 big players that clearly have invested in OMI for a massive return simply. Drilling in a known resource rich area means big positive results will be found. Once drilling has demonstarted good results Newmont and Agnico will take over the drilling at a much faster pace. I would say a buy out will be on the cards for a hefty premium in the £s. I expect an offer of sorts to come in the latter part of 2021 and before then the sp will just move higher as results come out. For this reason OMI will need to find alternative projects or project hence the recent placing to look at further opportunities in anticipation of a buy out from Newmont. Drilling results any day now, Monday or Tuesday morning is my guess. And then the webinar.....all fits into place.
The sp has been held back for a while now, however i expect a release of the shackles now and a strong move up in the sp going forward.