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Bullboard - Stock Discussion Forum Omai Gold Mines Corp V.OMG

Alternate Symbol(s):  OMGGF

Omai Gold Mines Corp. is a Canada-based exploration and development company. The Company is engaged in the acquisition, exploration, evaluation and development of mineral properties. It holds a 100% interest in the Omai prospecting license that includes the past producing Omai Gold Mine in Guyana, and a 100% interest in the adjoining Eastern Flats Mining Permits. The Omai property is located... see more

TSXV:OMG - Post Discussion

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Post by marketsense on Apr 05, 2024 6:59pm

Confused

The question on my mind is how often do you see a mining company issuing a very
positive pea and the stock goes down.  It makes no sense unless the stock was over
hyped before the pea came out so was a case of sell the news.

OMG was hardly hyped but sold off anyway.  This is completely contrary to what 
should have happened in my books.   There is some serious manipulation going 
on here to account for such a negative market reaction.  I can't prove anything at
this point but it simply defies common sense or logic.  Good news should have a
positive impact and bad news should have a negative one.  Isn't that the way it
works or am I stupid or naiive to thnk that?

If I'm naiive then on what basis should I be investing and on what basis should any
one of us be investing?  I can't explain this any other way than some entity is playing
with this stock and with investors for some nefarious reason.  Perhaps someone smarter
than me or closer to the insiders know whats going on.  If there is someone do us all
a favour and shed a little light on this because it feels very strange to me right now
what is going on.

MS
Comment by Goldk1ng on Apr 05, 2024 9:35pm
It does seem very strange. This PEA should have brought this stock into the .20-.30centrange easy Wonder if any board members are selling their shares or excersizing their options. There has to be a reason for the drastic drop despite a positive report. Would love to hear Elaines comments on this because im this close to pulling my massive investment out  
Comment by Hopeful123 on Apr 05, 2024 11:04pm
A well orchestrated pump and dump...Ty EB and the gang...Maybe we see 20 cts but it needs better numbers..Lots of drilling to fill those gaps to get a better understanding of the geology..we will probably see 8 to 9 cts before the next run...I will buy .
Comment by trooper22 on Apr 05, 2024 11:55pm
I feel some investors are shorting the stock. Do a search on stock shorting and you can see what happens. I am not to worried, the PEA regardless what the poster has negatively said. Contact Elaine she will respond to your questions as best she can.  I am pretty sure the stock will rebound. Read the Atrium research report to make your own decision on whether you stay in or not. Investors who ...more  
Comment by trooper22 on Apr 06, 2024 1:02am
hit the send button to fast.  "I am not worried, the PEA is good regardless of what "Hopeful123" negatively says.  Capex is good for the initial, PEA.  Elaine has indicated in her interviews that this INITIAL PEA is just to get market attention and provide accurate information. It obviously has done that negatively or positively.  The detailed data on how Elaine ...more  
Comment by Baswel61 on Apr 06, 2024 10:42am
Nothing to woory about.  The pea and Atrium's analysis speak by themselfs.  If you look at the majority of explorer's stocks (at the oppposite of producers) you will note that a great number of them had a bad day despite gold price making new highs.  It looks like, as it often happen on fridays that the most speculative titles are shorted before a week end.  Pretty ...more  
Comment by purebulls on Apr 07, 2024 8:32am
About a month ago we were at .06-.07 cents. Super cheap. What moved the stock price up.  Well the president of Guyana talked about Omai #1. Then PDAC and hoping for the PEA news would come out. Everyone hopping and holding for news to sell some of there cheap shares.  PEA is out some are selling!!  No big deal.  Hold! That's what will keep SP up. More news will come   ...more  
Comment by trooper22 on Apr 07, 2024 11:07am
I have to agree with purebulls. My story is a bit different on why I still love this stock and continue to invest on the dips.  I have been in this stock from the time before the Anconia reverse takeover. Historical drilling data related to this past producing gold mine was scattered throughout the internet showing that there was more to this property that was not tapped into by past ...more  
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