Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Let’s be honest, in what world was 2 million payment going to send the share price shooting up? It’s a simple case of selling on news. Nothing has changed. We already new the jv wouldn’t be finished by now as the jan rns stated many months so I don’t think anyone was thinking that would be confirmed this month. We may go back to 6p maybe worse but I don’t understand why everyone suddenly thinks Omi is in such an awful position. Compared to other explorers we are in a very healthy position. We will come good eventually.
I am also delighted but it’s frustrating as we know now we are going to have another 3-4 months of drip drip. But I see what you two are saying and you are both right in that we need to look at it from a long term perspective
I don’t need to get back in mate. But to answer your question. If that news does come this year west spike on the open and then sell off as usual. We will not go over 15p this year. Even close to 15 is a big ask considering we are going to hear the same moths away rns every few months
Ahhh breaktwister, another one who thinks u only say negative things on a stock just to deramp. I do not trade OMI, but think what u want mate
If any other junior explorer other than ggp released 150@3 for a fist drill hole, the share price would have gone parabolic. We are fully funded, have released some of the best drill results, but still not even 20mil market capital. They are going to spend in this phase more than our market capital in this moment ! What a Joke!!!
Can anyone tell me what news can be released that will actually give us sustained momentum ?????. I understand these jv agreements take time, but if every few months we are getting the same”many months to complete” clearly they are still miles away. Will they even get it complete this year ?
At this rate I don’t think we will have any drilling on anza this year! That is the only thing that can get the share price motoring therefore anything over 10p thid year would be a positive. Anything 20p and above is completely out the question
In 3 months time I’m sure traders will come back at 6-7p and continue this cycle. There is no winning Atm with this stock. Same **** every time. We are constantly waiting for this flow of news that ain’t coming anytime soon. But Dw in June July I’m sure we will hear the jv formation is progressing and will hopefully be complete by 2030!
Maybe we might even hear about the Brazil results in the next year or so if we are lucky !
Tbh I thought we would drop on that rns as I didint think receiving the 2 million would change anything as I think it was already guaranteed. Will probably be another few months until news again so I bet we drop back down. However I think once the new company has been formed and the drills get going I think we will move up very quickly
I am indeed:)
I feel that we may have bottomed out(although with Omi we never know :() and may be heading back up. Hopefully we have been through the worst of the lack of communication and delays. After the December rns we all could see a few months of complete silence but hopefully we receive some update the jv soon!
Majority of that rise was due to the 150/3 drill result. Nothing of that Calibre will be relaxed as ofc we are not drilling!
Why would confirmation of new company formation and payment send us near to 20p when majority of us already believe that is a given. In no way will conformation of 2 million payment have a good impact on the sp other then maybe a 10% spike followed by the inevitable sell off.
Did he not know about the disagreement in the terms when he was blabbing on with “drill drill drill”. And if progress is being made as they state in this most recent rns then why are they still months away just like in September. If they are receiving the 2 million then surely most agreements with the terms should be in place .?