Member Info for Wryape

I think under 20p is a stone cold bargain. Especially with gold price sticky at over 5k. If you think gold has revalued for the long term at this level then the economics here are stellar.

Im happy to wait a few weeks for any news until the general markets settle. Nice that aex seems to be a spot of calm in a sea of troubles though.

Good time to load up on small caps that are dropping on general risk off sentiment imho.

None so blind as those who will not see

Added a few more here this morning. Will keep adding at these levels or below then stick in the bottom drawer

AEX is dropping today on general risk off sentiment. Wont take long for people to start realising a big gas resource not in the middle east is an even more attractive proposition now.

Given the spread dumping to try and buy back lower right now wouldnt be the risk v reward play i wouldnt think.

To be fair to crusty he has been pretty transparent and right on his thinking on timelines - but i think weare now in a different phase of the project where we will see more urgency from tanz govt and ARA

"Stocks don’t collapse without a reason."

You clearly havnt been following the stock market for long...

Mather - i would usually agree that a pullback is due - but the sheer scale of the trump tax cuts that kick in this year means i think stock markets will do ok.

"MRE was assumed at 330k"

By whom? You? Or EVERYONE (because of course you know what every investor here assumed)

Actually dont bother answering - you just carry on coming out with any old tosh that supports your position.

"All ive encountered here is pumping" but there "are clearly derampers here" - that makes no sense.

Also you cant take a haircut on a maiden resource estimate - they key word being maiden - as in the first - as in theres nothing before it to take a 'haircut' from.

Jesus. Only takes a small share price rise to bring em all out over here i see. Gotta love these holders who think their own holding is overvalued and hate the management...

Lovely stuff. Going to higher highs?

He doesnt hint at anything. He says they will raise cash IF they can use it profitably to develop more resource. Which sounds perfectly reasonable.

Love the way the critics always justify their stance by pointing to "the markets" as proving them correct. Surely the point of investing in small caps is to beat "the markets" - otherwise you may as well just invest in a tracker fund.

If "the markets" are anything they are totally inconsistant in what they think. Take a longer view than a few days and if "the markets" view is still that OMI is only worth 22p a share in a few months then fair enough. Remember "the markets" also thinks Tesla is worth a 150 p/e ratio so....

Picked some up to add to the kids ISAs. Should do quite well from here with a 5yr view.

The closer we get to drilling the harder i think it will be to pick up any decent volume of shares. Holders will start developing diamond hands.

"Concrete, steel, diesel and equipment cost more or less the same wherever you are in the world."

Demonstrably not true (as anyone from the UK who has ever bought gas in the US could tell you)

Certainly looks like the days of buying sub 2p are gone