Member Info for zapsnap

following the publication of the photo, peeps are asking the following questions:

1. Is it or isn't it?
2. If it is, is there enough of it?

Stay tuned for the answers.

FOMO will become more rampant amongst OMI watchers as the share price gets lower.

Rob - completely agree with your wise strategy.
the issue is there are peeps who
1. are expecting quick rises and then sell out
2. suddenly find they need the money and have to sell
3. who just cannot face seeing any further losses because they have over invested.

i was thinking of adding sub 10p and i still think i will BUT if i do i might risk falling in cat 3 should it continue to fall after my next tranche. i might just end up hovering over the buy button without buying.
GLA

It would have been v useful if we had been given some information about costs. they are clearly making some profit.
The RNS in July stated costs were US$1,637 per ounce. The current gold price is US$1,674 per ounce. margins are v tight.
If we think gold is going up, then this should fly at some point. GLA

Fish - this may take 1 week or 3 months. i have stopped guessing. But only hold if you believe in the long term. i dont think it is so easy to trade OMI, though peeps have said they have done well doing this,

We have all been here before, though there is more "security" in our belief that this will be huge.
I have already (as per previous post) accepted that this would/could drift lower (temporarily). This takes any stress out of the investment! still big in here. GLA

A long-time holder; have been building a position. Not sure whether this is the catalyst for massive re-rate but the rerate will come.

1. The board are a bunch of accountants. They know how to run a business. they will not just give away equity.
2. they have been v clear about their strategy and timelines even at the outset.
3. this is a huge resource.

DYOR. this is a sleeping giant.

*long term buy at 13-14p

OMI is grossly undervalued. I am convinced we will see many, many multiples of this.
A lot of peeps have perhaps bought hoping for a quick ride to 30-40p.
No quick multi-bagger unless news comes thick and fast. With OMI news lands suddenly and there is no warning!

I say buy what you want now and hold. Long term 13-14p is good. However, in the coming weeks/months 10p cannot be ruled out nor can 20p. OMI is a patience game. GLA

this will pushed down as far and hard as possible and then at some point it will recoil. maybe a few days, weeks or a month.
but it will recoil.
peeps want to sell and buy in cheaper. fair play. its not the first time that this has happened and wont be the last.
decide whether you trade or invest.

Agree with you Vicjain. I have never felt more comfortable and confident with my holding. It is great to get the first big hole out the way. lets not forget there is still so much drilling to go. lots of places untouched. And for investors (like me), i know i am not going to get diluted along the way - that is always my fear when investing.
I actually don't care if this gets to 20p or 25p or pulls back today. I am here for the long term. The next year has to be exciting.

GLA

..... yes, get in!!!

Smokey bought CINE at 16.25p not so long ago.
"Yeah got in at 16.25p only had a spare £300 in my account thou"

But he might be right about OMI. who knows?
like many on this board, i prefer my own opinion.

Brad has an average of around 18p (rough estimate) and he is skint. Believe me, he will do everything he can to get this over 18p at the very least.

Still here, but not worried. GLA

The waiter comes back and says the restaurant is getting busy. This is the time to order more food.

So the waiter has now turned up to take your order. But the meal is still yet to come.
I feel excited because I know the meal should come now.

Bhargav - i am certainly not selling any of mine! you have enough already anyway! :p

i can get a quote to sell 400,000 for 11.09 all in one go! there is demand for shares

given that this had dropped down to 7p, I was always expecting the rise to stall momentarily around 11-13p. It always happens. the fact that it has held is hugely positive. I am not a chartist but i have seen this many times.
Its always nice to see quick rises but i am in no rush. i want to see the RNS that tells me what is in the ground. then the fun will start. GLA.