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Bullboard - Stock Discussion Forum Omai Gold Mines V.OMG

Alternate Symbol(s):  OMGGF

Omai Gold Mines Corp is a mineral exploration company. Its Omai gold mine is located in Guyana, on the North coast of South America. The mine has two open pits: the Fennell pit and the Wenot pit. Its other project is Grenfell Property.

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@ the Bell: Summer blues for TSX, Wall Street sees worst half since 1970
On the last day before the Canada Day long weekend, the TSX finished lower by triple digits in broad-based decline as commodity prices fell. Energy and base metals led decliners, while near 20 per... read article.

RE:RE:RE:Omai - impossible no cash is left!!!!

Yes. Even with a small premium that would be better than leaving it directionless under the current managemnt.  rate and reply

Gold Co. Completes Rock Sampling and Geophysical Surveys at South Gordon Lake Gold Project

"Golden Pursuit has for the first time in history consolidated the ownership of all known historical producers and advanced projects in the South Gordon Lake district under one corporate owner and has completed the first serious exploration effort since the early 1990's. Our field geologists have identified multiple sets of quartz veins and breccia zones at key prospects containing gold grades hosted by turbidite formations ...read more
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It has been a sizzling few days recently for most of North America, both weather-wise and for investing discussions. The markets face a rate hike in the U.S., ongoing inflation, rising oil and... read article.
@ the Bell: Markets across the globe see red
Canada’s main stock index was down by triple digits come Wednesday’s close, amid losses in the energy, base metal, and technology sectors. Telecom and industrials moved higher. ... read article.

RE:RE:Omai - impossible no cash is left!!!!

GCM mining should buy,they bought TORO  rate and reply

RE:Omai - impossible no cash is left!!!!

Insane is right. I had no idea the cash has been burned with little drilling completed. They need to stop the crazy burn yesterday. This company is effectively dead. Let's get some residual value...read more

RE:Omai buy out

Sadly, I have to agree. The company is effectively broke today and trading at record lows. March 31 FS show cash of $1.6 million but after current liablties and license fees payable and another three...read more

Omai buy out

Omai might as well sell themselves to Silvercorp or maybe even Reunion or G2 Gold because if they don't in the next month a 4 or 5 cent financing is coming destroying all current shareholders...read more

New Press Release - Omai Gold Appoints Don Dudek as a New Director and Grants Incentive Stock Options

Toronto, Ontario--(Newsfile Corp. - June 9, 2022) - Omai Gold Mines Corp. (TSXV: OMG) (OTC Pink: OMGGF) ("Omai" or the "Company") is pleased to announce the appointment of Mr. Don Dudek as an independent Director of the Company. Further, the Company announces the granting of incentive stock...read article.

Omai drill results

Some good drill results.   Does anyone know what the true width of the holes are and secondly Elaine says they are looking to reduce the strip ratio of Wenot - They clearly know the strip ratio...read more

New Press Release - Omai Gold Announces 5.0 g/t Au over 8.5 m and 2.3 g/t Au over 17.1 m from First Step-Out Drilling Along the West Wenot Extension

Toronto, Ontario--(Newsfile Corp. - May 27, 2022) - Omai Gold Mines Corp. (TSXV: OMG) (OTC Pink: OMGGF) ("Omai" or the "Company") is pleased to provide results from the Company's first diamond drilling west of the Wenot resource1, and from trenching and drilling on the exploration targets west of...read article.

Omai - impossible no cash is left!!!!

Didnt we just raise $2.6m and the financials are saying there is zero working capital. The company is burning at least $5m a year based on the last 3 months (that is with no drilling). This is insane....read more

Where are the drill results

Drill results are 2 months late???????  Either delays getting assays or OMG is again trying to limit our info on the project.  What is going on here.  If the shares went to 7c because...read more

RE:RE:Omai Wenot resource

I meant shiitty stock, not company, I think the company as great potential. It looks like all the gold exploration companies are being dumped right now   rate and reply

RE:Omai Wenot resource

I'm sorry you are losing your shirt with this shiitty company  rate and reply

Omai Wenot resource

This is all Omai had to do to retain credibility of a resource. This is cassiar a new resource update. They disclosed the strip ratio. Why did omg not disclose theirs and instead come up with some...read more

And Insiders are not selling

Seeing the insiders buying on the previous PP, and again with the CEO buying recently are all good signs that we have the resources in the ground.  I have decided to hold strong and buy into the...read more

Omai Gold Mines closes $2.6M private placement

https://themarketherald.ca/omai-gold-mines-announces-closing-of-private-placement-for-aggregate-of-2-6-million-2022-04-28/  rate and reply

CEO Elaine Ellingham...You Go Girl...

Sold my position @ $.17...took a loss..went to the sidelines so to speak. I have not lost touch with the story...I am looking to get back in...the story line is very interesting and has potential. I...read more

RE:37 million warrants coming due

Dilution at .44+ would be fine by me.  rate and reply

37 million warrants coming due

There are 37 million warrants coming due in July/22 @ .44 which probably will not get exercised, so this gives us a bit more room for dilution. LOL  Lets hope the next results send the stock up a...read more

Dilution Sucks, but part of the game

Everyone hates dilution especially at these low prices.  I am sure institutions wanted in at lower SP.  Stock manipulation happens all the time with all companies and I am sure it is...read more

RE:RE:Omai PowerPoint Presentation

Dilution at 0.12 is painful. It is limited to 2.5 mill which is relatively small. I purchased at 10 usd pp 3 years ago and seen my OMG holding decline from 0. 20 since it start trading. Collapsed...read more