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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

Omai Gold Mines Corp > And we still keep waiting for stock price movement
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Post by trooper22 on Nov 07, 2024 6:41pm

And we still keep waiting for stock price movement

It appears that it doesn't matter how good the drill results may be, the stock price is being held down in my opinion.  Some company must be interested.  The last news release showed very strong results and definately will improve the economics by turning waste rock into an improved mineral resource update.  The drill results confirm additional potential to continue to expand the Wenot deposit along strike, depth, and within the sedimentary rocks to improve economics/strip ratio.  Once Omai drills a few holes into Guilt Creek, updates a new mineral resource with Guilt Creek included this stock has to pop a bit.  The new PEA in Q2 will include new mineral resource update and Guilt Creek with some of the new drilling planned by years end and I would expect if this stock will get taken out, these results will be the test.  One of the past historical drill results included a assay with almost 2,500 g/ton.  Yes 2,500 g/ton.  So, until the new mineral resource update Q1 and PEA Q2 we may not see much stock price movement. 

I have been in the stock well before the reverse takeover and I am still holding strong. I was fortune to get in .035 and .04, some at a bit higher prices and by all normal investing rules I should sell take some profit and run. I have done a great amount of research on this investment and my gut tells me this is the one that got away from previous companies.  Hold tight and make whoever is interested pay for your shares.  But by all means do your own DD.

A couple of posters were concerned about no power close to the mine site.  Well there is a planned power line coming within 35km and tenders are being considered.  But with new technology and environmentally alternative prices coming down, many companies are building new on site power sources that are more reliable and cheaper in the long run, so this is not too much of a concern for me.  So saying all of this hold tight if you can, buy more on the dips like yesterday and don't watch the price too much. Lol
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