ILLIQUID HIGH BETA RISK LACKS $$$ AVOID/SELLOMM, formerly CVG, a lot of talk, hype, and spec from MGMT/some Board Members/FNR ( largest shareholder).
In Brief, OMM ( formerly CVG) when owned by FNR was peddled all over seeking a buyer, but nobody wanted it, so through relationships with EPL MGMT/FNR formed OMM. OMM, according to Tim T and others of OMM, indciate it needs $10 mil plus, to put into operation/production, add at least another 30% plus for costs overruns we see constanlty from thes projects. Plus its small.
Where is OMM going to get the required funds to put this into production?? FNR going to write a check, think note, refer to 2013 AUDITED FINANCIAL STATES AND ERNEST and YOUNG's AUDIT REPORT, special note EMPHASIS of MATTER. Files on SEDAR
We are seeing Seniors and Mid Size companies selling off larger producing assets or assets/mines who lack funds need to sell, lesser risk mines, than OMM, and much more upside and turn ket assets. BHP and others selling off non core assets.
ILLIQUID - OMM lacks Liquidity, refer to trading history since inception, ILLIQUID and HIGH BETA RISK.
While one can, if one can, one should sell, on any liquidity for when the MKTS Sinks all there will be is SELLLERS and No Buyers, in my humble opinion.
ALL the above in my humble opinion and based on public comments by MGMT/certain Board members, and hired PR people, Financial MKTS, files SEDAR reports and etc.