Reply to 20/20/12 Posts - CAUTION Buyers?? Small/ILLIQUIDAs respects to your posts, i would not read too much into OMM buying, to me, my opinion and based on OMM history of trading and etc. along with the state of the Financial and Resource MKTS and the lack of $$$ to bring OMM into production, they need at least $10 mil plus according to Tim a few years ago, suspect those costs have gone up.
Several Producers are trying to unload assets, advanced stage/producing and etc., refer to News we see daily, why would one want to invest in a new project when such fire sales are going on on larger properties with better potential or producing properties.
then we have the bankrupticis in the resource MKTS.
The $$$$$ is not there.
OMM lacks real liquidity and suggest it will fall under 2 cents and go no bid along with many other resource companies and others, based on MKTS, Finacial MKTS, Resource MKTS, Costs, Prices and etc. refer to the finaical press. There is and in the future a major shakeout of resource MKTS and companies, worse than you have ever seen, my opinion.
Long term Bull on Gold but, negative now and in the intermediate future. Yes, Gold will see some strong bounces but, as we see today and last night testing Big Support areas, Gold will find bottom and thats when you buy PHYSICAL GOLD not equtities, to many issues with mining and resource companies.