OM1 0.00% 7.8¢ omnia metals group ltd

Ann: Trading Halt, page-70

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 498 Posts.
    lightbulb Created with Sketch. 407

    Hi @GreatWhiteNorth,

    Thank you for your insight into DG's history and ownership.

    DG has remarkably few SOI (20% by the CEO), and a trading turnover of 36 months.

    Comparable micro-goldies on the ASX (KLI,TG1) have a similar turnover.

    10% of the non-CEO SOI were sold on the announcement day.

    Inspection of DG's portfolio speaks of opportunism, not any geological knowledge/speciality.

    On the day prior to OM1's TH, 95% of AUD18K was IMO traded by a single soul in 4 equi-spaced trades

    between 15:25 and 15:45.

    It is easy to see others (some ASX listed) who could extract greater value from pieces of the DG portfolio.

    Were they approached for bids ? Why not ?

    . . . because the target in this proposed transaction is not DG. It is OM1 !

    It is designed to provide an opportunity for DG (and others)

    to get a highly discounted entry into LdM claims that are about to be drilled.


 
watchlist Created with Sketch. Add OM1 (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.