Omega is now in an uninhibited position of any royalty interests to negotiate terms freely, in a strong financial position to conclude the early works to set the foundation for favourable test results which will have top tier players vying for a JV eliminating the need to raise funding.
I do not think it will be long before we hear news, I was hoping we did not get market sensitive news before EOFY so as to hopefully hit the ground running as early as possible in the new financial year.
Defining and exciting times within the next six months indeed. Reading between the lines; "Multiple inbound enquiries received from significant investors since Canyon-1H results announced."
Good position to be in when if you can potentially dutch auction a JV. Let's see how it all unfolds.
IMO and GLTAH
OMA Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)