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All AIM shares are predominantly driven by sentiment.
like any other mining company that is drilling, one looks at location of drilling, potential (size and probability of success) and current mcap.
AIM is a risk. the question is really whether the risk-reward is attractive.
WSBN will not be for everyone. but i am still bullish on Gold. history always repeats itself, look at the macros.
GLA
Nobody - I do not disagree with you. Currently sentiment across the entire market is subdued and hence my comments which were made on the back of someone saying that this would fall back to 10% (0.9p) if drill was unsuccessful.
but i do think in the coming weeks this will be over 12p; maybe 15p. If this happens then it will fall back to 8-9p if drill results poor.
Hi Mike,
I know where you are coming from but i am quite happy with the risk/reward.
But lets say no gold (which is unlikely) or poor grades then i think likely scenario is 5-6p.
If this was oil then yes 10% back would have been a reasonable assumption.
anyway good luck whatever your position.
The real question is - when do you load up? now or wait for a possible dip.
Then you ask how much could it dip (possible 8p?) and how far up can it go (20p plus?)?
i am almost fully loaded. so to avoid any doubt i have 325k shares. i am looking to buy another 75K but if i miss the opportunity i am still happy with what i have.
GLA
this was 8p not so long ago, so short term peeps bought and sold.
not really interested in the 10% club
this will creep up to 12-13p pre RNS IMHO.
but given the location of the drilling, i am inclined to stay put for 20p plus
The 25% increase to around 13p.
The 13p is nothing unexpected. I fully expect to see 20p plus and even the thought of selling some wont cross my mind until 25p.
what is nice to see is that without much/any news, there is still significant interest to give this a 25% uplift. All i can say is that there is a lot of money waiting to buy OMI. GLA
Another 50000. will it go sub 10p. who know?
I do think any sniff of news and we will see this fly and peeps will be trying to get in, having waited.
I remember no one wanted this for 4p. Plenty could be bought but you could not sell a bean.
Why did i buy now? generally speaking if a company does offer value in the long term, a good time to buy is when even the positive posters feel sl dismayed. i also feel slightly annoyed, hence the purchase! call me crazy!
Hi Dan. I do get that but i thought we were fully funded until the raise.
I hope and expect that this money will be used for further drilling. This is a super project and only the start of a multi million oz.
It is indeed v frustrating that raise happened at 10p. i am sure they could have done it at 13p but perhaps chose to wait.
unless they use the money to do further drilling in the coming months, this for me is a kick in the mid section.
i expected to be "part of" the next raise as part of the funding.
Was in here a year ago and then sold out. Still think there is something big here and want to re-enter. sl concerned with the IPO: They have given 2/3 away for approx £2.5 million. So valued Austrailan project at £3.75 million. have they given away too much for too little?