RE:RE:OMG! There is no reason for this stock price to be where it is right now based on what mineral resource we have in the ground. Analysts (Atrium for one) indicated a conservative stock price estimate at .30 in comparison to some companies in the area which do not have the same infrustructure in place. Omai has a current resource estimate of 3.6 million onces, a near surface starter pit, road access, air strip, most of the area cleared, tailings pond and low hanging fruit which will probably increase the resource estimate by 50% according to Elaine's (CEO) past on-line interview. For a CEO to publically say that there will be a mine at OMAI again and the resource will increase by 50%, she must have alot of confidence in this project.
I do have the same concern (but not worried) that we went to market before the new PEA and resource estimate was released. The release of that information would have surely increased the stock price according to Elaine and then we could have went to market at a higher stock price point. Elaine has the $ to complete for the 3rd NI 43 -101 which she indicate just before xmas and the PEA according to her last interview. The only logical reason which I highly believe, Elaine going to market sooner, is that there is an interested party who wants in, but at a certain price point. There is such a short closing date and a potential to increase the offering makes me feel someone is interested. Or maybe she needs to drill a few more key holes to improve or increase the NI 43-101 resource before it is released.
" the Offering may be closed in one or more tranches as subscriptions are received. If the Offering is oversubscribed, subscriptions will be accepted at the discretion of the Company and subject to the approval of the Exchange; therefore, it is possible that a subscriber's subscription may not be accepted by the Company even if it is received within the Offering period unless the Company determines to increase the size of the Offering."