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I think it would make sense to derisk a portion of shares once we get a multibag but it also makes sense to hold a big chunk for any special dividend and future long term gains. With the news due in February the sp will be re rated in a big way but there will be even higher rewards going forward.
With seemingly no tax liability on shares and dividends in a shares isa it makes sense for people to hold their shares in a shares isa and with this in mind waiting for a possible dividend payout makes great sense to me...all imo of course
Just checked the government website re:tax on dividends in a shares ISA. From what i can make out it says 'You do not pay tax on dividends from shares in an ISA'....I also hold my shares in an ISA so clearly would hope there is no tax liability for any dividends that we may get. Can anyone clarify as many of us could be affected by this.
Getting ever closer to very big news. The sp is just a fraction of it's true valuation. People are taking positions as they know this will multibag very quickly. As news becomes known to the market big players will makes their bids and the sp will rocket upwards. The present sp is just a mere fraction of what it will be in a few days/weeks imo. Holding tight to what i have as we await the main event
News could come anytime in February...we just dont know the exact day but we do have a definitive time scale now. Not much longer in reality so trying to trade now is so risky. Better to be in now and just wait. Many will miss the boat either being on the sidelines trying to time things and some will just miss out whilst trying to trade the ups and downs. With big news due i expect a multibag here very quickly. I'm just holding and waiting now.
Big news in February...so not long to wait. The market always focuses on any negative and the delay is virtually nothing. We now have some certainty which is very good imo. Topped up some more on the drop. The sp is due a massive re rate as we look forward to February. Can't believe anyone would sell now with today's RNS. This is going to be very big.....
These sort of delays happen all the time and people decide to sell off and try their luck elsewhere then boom the RNS comes and the sp shoots up in the share they sold. Has happened to me many time where i thought nothing would happen and end up losing out. We know big news on a couple of fronts is due, and indeed late, so best to hold tight imo despite the natural frustration of the delays.
The sp is definitely in limbo as we await news. But as the days pass we get ever closer and news can drop any time. I think the current sp surpression will cause a massive move up when news does finally land.
Lack of news always can result in the sp declining however it is very risky trying to time news now. The sp can move up so quickly and catch many out with the right news. I've seen it so many times where people give up or decide to sell out in the hope of buying back before big news arrives..so many get it wrong so for me i will rather wait it out and hold for news.
Projections of news are always prone to delay. Seen it so many times with other companies. The word 'anticipated' basically indicates not guaranteed imo. That said i do feel some positive news can come any time now. The sp does appear to be stuck in this range but that can change anytime so best to be in imo as news is imminent. I do expect the next RNS to be positive and so very good for the sp.
Yes Chickenlegs, i think a few are looking at January for a top up. Every time i think the sp can't go any lower...it does...so i will just wait and see where we are in the New Year. Volume is pityful now and the MMs will keep killing the sp until either volume picks up or we get some positive news. Just can't see anything positive here now until the New Year at the the very earliest. No doubt Brad and the other directors have shut up shop now for Xmas.
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.
The waiting is always tough as we see the sp drop daily, however news is imminent and can come anytime with a massive move up in the sp...the MMs are very adept at creating fear but with good news the sp will move up very quickly and in a big way imo
With big news due anytime it baffles me how the sp can still be seemingly surpressed at this current price and now is in the red. Is it just the market trying to wrongfoot investors? Smoke and mirrors in play as ever. However you have to be in it to win and very soon i expect a mega RNS and a massive boost in the sp.
The sp has definitely taken a beating and now it is at such a low level with so much negativity built in. All does look very depressing, however the sp now does represent a very good entry point imo. Licences have been delayed due to a change of government but all does seem to be in order. The balance sheet is still healthy and with some further negotiations funds should be released from Nwmont for the next stage. No need for further funding for other projects in the near future. Newmont/Agnico are still positive on Anza so just a matter of time. Brad is pushing for more of say with drilling so a positive for OMI. OMI definitely going through a tough and the sp does reflect this but the future is still looking good. So all in all there is nothing positive built into the sp now so a good time to buy for the inevitable recovery imo
OMI's sp has really suffered since Newmont took over drilling operations control. And with Agnico seemingly making things harder for OMI, i would rather OMI took Agnico out of the equation and regained more control of things. Really hope the BOD can turn this around to favour OMI and shareholders. Friday was a shocker but i do feel things will start to get better for shareholders. Hopefully we have a positive Q & A session and calm and positive sentiment can be restored. Good input from Bhargav as ever with some extra info garnered from the AGM which does sound positive for us.
It is strange imo that drilling results were given today. Brad must have know the bad effect they would have by dropping them on the day of the AGM and then the bad reception he would get with the Q & A session on Monday. Maybe he will drop another RNS on Monday with a more positive tone. Just thinking out loud. Another frustrationg day with OMI. To date Brad has been one of the most useless directors on any Aim company i have seen. Just hoping Monday things will turn around for the better.