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Bullboard - Stock Discussion Forum Omai Gold Mines Corp OMGGF


Primary Symbol: V.OMG

Omai Gold Mines Corp. is a Canada-based mineral exploration and development company. The Company is engaged in the acquisition, exploration, evaluation, and development of mineral properties. The Company, through its wholly owned subsidiary, Avalon Gold Exploration Inc., holds a 100% interest in the Omai Prospecting License and a 100% interest in the adjoining Eastern Flats Mining Permits. The... see more

TSXV:OMG - Post Discussion

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Post by Goldk1ng on Apr 17, 2024 11:36am

Nosedive

This just continues to nose dive has zero momentum.
I think Elaine being overly conservative backfired. Unless we get news soon this will continue to drop.
Lost all my profit and now almost in the red. Should have pulled out. Have a million dollars into it because I believed it would slowly climb but I am not seeing it. Just seeing investors or insiders maybe pull out money daily. Its a joke. Down 40% from the high? Thats not a healthy pullback, thats now a fall off the cliff
Comment by purebulls on Apr 17, 2024 12:02pm
It's a penny stock!  It will have big moves up and down.  Just look at the big picture.  This will move up fast on more good news.  Big picture is a takeover! Not the PEA.  They still have lots to do.  Step by step we will get there.  Don't panic! Maybe buy some more.  I have my finger on the trigger waiting for others to panic and sell. 
Comment by trooper22 on Apr 17, 2024 3:41pm
It is always tough watching the stock go up nicely before news and then it settles back down again.  Don't worry the price will go back up again probably just before the next news release.  Maybe you should take a bit of profit "Goldking" and then hold a bit to see where this goes.  I have been encouraged by a very knowledgable geologist that this is a hold stock, but ...more  
Comment by trooper22 on Apr 17, 2024 3:49pm
Don't forget, Omai has limited capital funds to push forward.  Elaine is doing the right thing with limited capital by getting the word out, letting the market see what is at Omai and its economic viability.  One of the big misconception with the market is that because Omai was shut down back in 2005, the market feels that the property was mined out.  So very far from the truth. ...more  
Comment by Groundtruth on Apr 18, 2024 2:07pm
Persistent "anonymous" seller has led this down from 0.18,  likely there would be an interest to keeping a lid on price while potential buyers organize a bid. 
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