|Huge move down on low volume. Smells like a tree shake?|
|All the trades earlier were at NEX exchange, one small now at LSE and managed to moved up a MM, they must be short of stock
Trades at NEX ....Http://www.nexexchange.com/member?securityid=102713
spreead 14.75 v 15p
Level 2 is 1 v 1
was 1 v 2 last time|
|Things looking very attractive for OMI currently:
1) With new SG underground mine open. Production likely to be around 10,000 ounces a qtr, generating around $4-5M in cash EVERY QUARTER. That's 4-5p (less 20% for $ to £) per share
2) Columbia / Anza drilling underway
3) Lots of Uruguay exploration taking place (should easily replace production and very possibly by a large margin, adding to reserves
4) Gold price on the march
5) Qtr 3 results in a few weeks to confirm (1)
Still think they should consider a dividend at year end they will certainly be able to afford one with probably around 9p per share in net cash by then. IMO a 1p final dividend will do wonders for the SP, and change how investors view OMI|
|Marked up as the day goes on, though no trades so far on the ticker, expecting a delay then
WINS has gone up on the bid 14.75p, there was plenty of Buying trades yesterday (all) till the end of the day
Gold has been going up again this morning $1247.20 +$3|
|I thought Mr Pento`s comments were interesting and daresay He had it right.
It was obvious someone was back to shorting Major Gold stocks recently,so what did they think they knew ?.
His idea is that the Fed was alarmed at the only 25% belief they would raise interest rates this Month,so informed Goldman`s to do what was required and within 3 weeks the Market turned to almost 100% belief.
No doubt Goldmans would have had a hand in shorting Gold stocks with their "as usual" insider information,plus maybe more shorts in Paper Gold,as they expected the Fed to ram the $dollar up with talk of multiple increases firmly in hand,and thump Paper Gold.
His idea is that Trump told the Fed they could do what they wanted,yet warned them
NOT to use their usual jawboning of ramping up the $Dollar (which they did not !!!)
and NOT what Goldmans had bet upon.
Is Goldmans running around trying to get others to get them out of their wrong footed by their Masters - Gold shorts ?
I haven`t a clue of course
A crooked World indeed.|
If any cracks show in the obscene Property bubbles all around,the repercussions this time will be beyond frightening,so we have to consider that at some point the Central Planners are going to print confetti in total panic until someone questions its worth.
How simple the Dot-Com era seemed,looking back.
In that crazy period you could have parked £1 Million in your Share Nominee account,or transferred it to your Bank account without considering the "what if".
Who would truly want to do that Today-remembering "Cyprus". !?
No wonder,in the War on cash,they don`t want the Cannonfodder transferring their cash to Gold,Silver ,Bitcoins,or anything other than the Cash they can steal and control.
They don`t mind you buying Snapchat, Facebook, Amazon or Google,so what chance do
Americans have of learning the truth when Amazon`s CEO Jeff Bezos owns The Washington Post amongst the 90% controlled and owned Media by those that wish to own and control the Minds of Americans.|
|yes ~ I thought so. I too have vaulted silver plus seven precious metal stocks: some at no-cost levels. One day !|
Let`s just say- I have a large amount of stock that hopefully will yet be added to.
As Capital is not infinitive,( I don`t do Margin),as I am also buying Vaulted Silver whenever I can, I may have to wait until something I own in stocks either gets bid for or becomes totally overvalued (lol).
The latter may not happen for years considering most Gold stocks could yet run and run for years from such undervalues -so OMI,all being well,could be a stock we never want to sell as it could be undervalued even at multiples higher when the days come we are truly having a foresight of Gold beyond $2000.
I am just waiting for news re Anza drilling and hope to be able to buy more once
I have my target of vaulted Silver in the percentages game,which also may be something we never want to sell
IMHO of course,|
|richgit ~ what do you think about OMI itself ?|
|There is more life in local graveyards than most Gold stock BB`s.,hence why
the few wrong footed t+ traders can hand the next bargain of a lifetime to someone that sees the bargain for what it is - yet there obviously aren`t many.
That in itself is one of the potentially most bullish indicators of what could
happen this year.
Greece is in reverse. Greek Unemployment Rose to 23.1%, GDP contracted 1.2% last quarter, and now the U.S. is pressuring the IMF to back away from continued bailouts.
A bill introduced on Thursday by Bill Huizenga, a Michigan conservative who was first elected to Congress with Tea party backing in 2011, calls for the Trump administration to oppose any further IMF participation in a Greek bailout. Should the US fail to achieve that aim, the bill would also require the US to oppose any broader IMF quota reforms until Greece had repaid all of its debts to the IMF.
“The IMF is supposed to be a lender of last resort, not a fig leaf of first resort for eurozone members,” Mr. Huizenga said.
“The IMF isn’t a fund to rescue political parties in creditor nations, nor should it be a junior partner to outside organizations that lack the commitment to do their work,” he said. “For seven years now, the IMF has been used to shield eurozone officials from their voters, which has tarnished the fund’s reputation, prolonged Greece’s misery, and put off hard choices about Europe’s future that must be made regardless.”
The Barbers could be busy this year as Crew Cuts could be the vogue,but then no doubt it will all be down to whether some Derivative debacle could hit the US
Gangster Banks -that rules what the IMF does or does not do.
The answer seems to be-
Sell Greece`s debt to Fannie Mae who will then sell it to Goldmans at a huge discount that US Tax Payers will have to shoulder.
Then Goldmans offer the Greeks a further debt write off if they will agree to make some payments,so then Goldmans can sell it all off in debt parcels labelled aaa debt to all the other idiot Banks.|
|Bid has gone better as the volume is close to the best of the last 3 month
Volume and rising is bullish|
|GOLD Moving higher again and now up $12
------------ Gold intraday and 2 month chart--------------------|
|A movement up early this morning as there was some interest at the start of the day, after the large rise late yesterday
24 hours intraday chart
|Yes indeed b'w|
|Topped up here. A lot of other miners on my list rose significantly this week I guess in anticipation of higher gold prices in the near term due to us debt ceiling worries. OMI looking good value in comparison.|
|The Bank of Mexico reveals its gold bar list
Guillermo Barba | marzo 7, 2017
The Bank of Mexico (Banxico) has become one of the first central banks in the world to reveal its gold bar list.
In this space we have recommended that Banxico and any other investor with positions in gold as a store of value and financial insurance should maintain physical possession of its bars, or at least, store them in a secure vault on an allocated basis.
Last December, thanks to an official Request for Information by means of the Transparency Law, Banxico informed us that:
‘Of the 3.881 million ounces of gold that the Bank of Mexico has at the end of October 2016, 98.95% are held in the United Kingdom, 0.0004% at the Federal Reserve Bank in the United States and the remaining 1.05 % in Mexico.’
Banxico also told us that it had a total of 7,265 gold bars in allocated accounts at The Bank of England (BoE), which means that only about 2.9 million ounces are well identified with serial number, brand code, gross weight, assay and fine weight at that location.
The rest –more than 930,000 gold ounces at the BoE- are still ‘held’ on an unallocated basis. These unallocated accounts are those in which the ‘owner’ has not been assigned specific gold bars but simple ‘rights’ to a certain amount of gold. That is why Banxico could not tell us how many ingots it owned in this last case.
The Mexican central bank didn’t give us details on the number of bars or coins it has at the Fed nor at its main vault in Mexico City.
In any case, the problem with unallocated accounts is that, there are in fact more ‘owners’ of the same gold than (unassigned) bars. This means that the same gold is sold multiple times, and in the case of a crisis in which those ‘owners’ demanded the delivery of the metal, there would not be enough gold for everyone.
For this reason, a monetary authority, such as Banxico, should never have unallocated accounts since gold reserves are purchased to offset risk in fiat currencies, to not have another ‘paper’ risk.
We hope that Banxico will correct soon this situation and not only have all of its gold reserves on an allocated basis but (at least) half of them in Mexican territory. Repatriation is the name of the game, a game that every central bank should play.
Meanwhile, we are happy to share with you Banxico’s 7,265 gold bar list that it gave us through the document number LT-BM-18703. It’s a small step in the right direction, that of transparency. Congratulations, Mr. Carstens!
We hope that from now on, other central banks will publish their own lists. Gold market participants have the right to confirm publicly that their bars are theirs and only theirs|
Seemingly the truth is - Germany currently CANNOT get their Gold back
from the USA or PARIS and the nonsense headline repatriation of a pathetic 300tonnes is cobblers- in fact more an admission of the truth,spun as Fake news.
Mr Maguire tells - that the Gangsters are struggling to find Physical to supply,so we may assume Western Central Banks are fictionally auditing "paper" and they too all may at some point be forced into replacing "Gone Gold" or continue the lie
and risk being exposed by some other truth leak
The current Fraud/Manipulation is that the Gangsters are piling up their hidden longs whilst JP Morgan steals every ounce of Silver for themselves and NOBODY will say anything in the Fraud/Manipulation of everything.
I daresay some Gold may yet be stolen from hapless Venezuela,Greece or other in the short term-yet when that is all gone too !!!?
One thing is for certain-that the Bullion Banks this time will not face a Goldman`s moment -staring into the abyss of bust -so whilst they can all take safety-others just may face the Comex cash out- and that includes all the Pension Funds that believe they have a contract for "Physical delivery from Paper "|
|My worst case scenario here is: something uncomfortable will happen during Trumps first two years, plus gold rising to $1300+, plus with Orosur's excellent management and humble exploration successes to come = the stock will trade at double today's value = 29p. I shall not cry at that.|
|Huge move down on light volume this afternoon. Hopefully uncertainty around the US debt ceiling will put the PMs back on track again.|
|I too read the article about the person that supposedly designed,the installation of potentially the World`s highest speed,algo driven,frontrunning Trading system for the Fed,to enable them to manipulate everything on this Planet
Logic suggests it wasn`t just going to sit there gathering dust,so the reality
that Fed is the World`s most active Trading desk is a possible dawning of understanding for so many failing $Billionaire Hedge fund managers,that saw a logic in shorting obscence valuations in the face of pension Funds going bust.
The fact that the Fed, and its $trillions of funny money, is the buyer of the S&P500 illogic ,to maintain illogic, is a painful hindsight no doubt.
A similar situation in paper Silver (+Gold)that many longs in denial that this World is totally fraudulently manipulated,must have just thought that their losses and JP Morgan`s longest winning streak in History was just luck/bad luck.
Ted Butler thinks it is possible some of those longs are finally realising that
the multi-month smack downs in silver that caused them to close their longs was
more than just bad luck,and that a final awakening that JP Morgan can print as
many thousand short contracts as it wants was/is their bad luck,means they may possibly now refuse to close those longs as JP Morgan et al have relied upon for so long.
Of course if they did stand fast,they could force all the other (unprotected)
shorts) to destroy each other at a blocked exit door.
As followers of Gold/Silver and Gold/Silver stocks we should know that everything is now Fraud and Fantasy -yet possibly 90% of people do not.
|Market Facts - are very positive if OMI start drilling ANZA.
85% decline in ounces discovered in 10 years
Major Gold reserves shrank to the lowest in a decade in 2015
Budgets are now down by almost 66% from the $21.5 billion record high reached in 2012.
I note this time someone (BIS?)had to dump $2Billion of "Paper Silver"into the futures Market.
That leaves the Gangsters JP Morgan a free hand to steal more Silver and move it into "their" ownership.
At 92% assumption the Fed will raise in March- the Fed is truly trapped into raising interest rates in what is surely a recession and chances the Fed will tip
sub-prime everything over the cliff.|
|I posted the statement from Eddie George months back "We were facing an abyss" and
Mr Maguire reminds us of it.
Also the reminder-that with 100-1 leverage in Paper Gold- They HAVE TO come up with
Physical to keep the manipulation game going !!!
If at some point there is to be a cash settlement of Paper Gold,logic would suggest
they try to do that on an engineered sell off of Paper Gold-but then logic/sensibility is not something our Central Planners ever follow.
There is a misconception that Gold does not like interest rate increases,and maybe
that misconception is aligned to the theory the $Dollar would be even stronger,so
I daresay the Fraudsters are hoping to make good use of it in their Fantasy Gold
But- then others will not be fooled by any such nonsense and just get buying in earnest at whatever the bargain represented- which may not appear in the Physical Market unless the Fraudsters can come up with the Gold demanded.
A trapped Fed will no doubt raise in March for the wrong reasons,as no doubt the right reasons passed them by years ago.
I daresay Sovereign buyers will numbercrunch the potential devastation to come
of sub-prime everything at a time of obscene USA debt that has to continue compounding ad infinitum,along with all Mr Trump`s ideas for the US economy meeting
never ending opposition from the Neocons that believe the answer is "War"
I suppose they could always puke another 100 Tonnes from the never to be audited Fort Knox, or steal it, from Greece or other, to buy time-but then does the eventual
cash settlement just march to even more $Dollars required the longer they buy time-
that inevitably runs out ?
I wish I knew,but then not even Mr Trump can save all those maxed out on debt,that will be even more maxed out on interest rate rises- Not least - the Dead Fed
The only ones making money will be those renting out more land to hold all the unsold Vehicles,so maybe we are waiting for "We will pay you to sign up for a Vehicle loan"
|just having a look at the 2 closest mining companies to Anza in Columbia. The first is Continental Gold, just had confirmed $250M financing agreed to build its mine (Mkt cap over $700M Canadian dollars) currently no revenue / profit/ only $28M cash. The second Red Eagle Mines, who borrowed over $70M to build their first mine (will produce 70K ounces starting now, no other production, mkt cap over $200M Canadian) only current 500K ounces JORC reserves.
Certainly puts / makes OMI's £17M mkt cap interesting. You could easily see Anza being worth 10 times this valuation with a resource estimate up to 1 M ounces. and that is ignoring Uruguay completely|
|An intersting insight, from Mr Maguire,as to how the Barstewards will profit immensely.
"So here in 2017, and aside from an unthinkable default, this is how a cash settlement will play out. The conduit was already set up in July 2011 where Dodd Frank blocked US citizens from trading FX gold in the OTC LBMA market. Not long after, the CME brought in fresh halt trade rules that can freeze Comex OI for 5 mins, (options 3 mins), while the OTC spot market can trade unaffected. This ensures that any black-swan event that spike gold higher during a live session provides a back door to LBMA BB’s operating on the Comex to offset or indeed profit enormously by going long in the OTC markets, while the hot money and US traders are hung out to dry.
Given that insiders, the market making COT’s and Officials, are able to offset short positions off the Comex, as soon as the Comex reopens, another freeze would be imposed as the price would be halted again. This action would continue into the market close so that a more structured reset can be imposed."
I wonder how UK Tax papers would feel if they understood that, amongst other things,the UK was forced to sell its Gold at the lowest price of Circa $260
to save the Barstewards - GS.
I wonder if Clingon,Moron,and Bliar went long Gold for their Pension funds after that famous meeting with Clingon - with the whisper "Can you save GS from the meltdown of their Paper Gold shorts-or all hell breaks loose"|
|OMI is becalmed whilst gold is rising nicely now above $1250 - should only take a little buying to spark a decent rise.|