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7.8¢ omnia metals group ltd

Ann: Update on Suspension, page-17

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sentinel1221

1,075 Posts.

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21/07/24

16:01

Post #: 74847032
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Originally posted by teiris: ↑

What I learnt is that all these kind of scam companies was born in Li hype cycle. Like C1X, PR1, OM1, CRR, ESS etc. Most of them turn into lifestyle companies and some board members took several position in many other companies. CRR was unlucky as resource size is too small to be viable mining I guess. I was too unexperienced when I invested these micro explorer companies. Now, I know it was extreme risk gamble. Luckily, I found WR1 and WA1. Other than that, I failed in many position including CXO. This is I learnt. I have no hope on omnia. Even though they find huge 'spodumene suite', I might exit when others in. Governance is so poor on this company which is not reliable for me to invest. I hope everyone learn something meaningful from this company and make great profit from other companies.

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Yes and 20% - 25% stop losses. And some tech analysis pivot points etc
If a stock falls more than this when I purchase, the thesis or my buy entry was wrong, so I get out.
These swings are not uncommon for these junior explorers so I tend to now only invest in more established companies, so more like $30 - $50 MC at the low end.

OM1 Price at posting: 7.8¢ Sentiment: None Disclosure: Not Held
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