Thanks @slick for the deep technical insights! Together with a...

Thanks @slick for the deep technical insights! Together with a fundamental view of OZM, we can get a decent overall picture of where OZM currently stands and possibilities for the future.

I'll try and sum up as best I can, OZM's fundamentals. I stress that these are only my fundamental views including speculation and predictions which I get wrong alot haha! Other's may, and no doubt do, see things fundamentally differently. I guess differing views is what makes a market:

• recent drill campaigns (although par for the course) have failed to meet the market's expectations. The strategy or approach behind these might make sense from a geological perspective, but not from a market's perspective (and OZM's price reflects that). If an adjustment to drilling strategy is not made, I think we can reasonably expect more price downside from any future drilling campaigns as the market grows disillusioned with any 'more of the same' type approach to exploration.

• the HL development is at a cross-roads. A DFS is scheduled by the end of Sept. However, feeding into that DFS is an important HL trial which is yet to commence. With only 4 months to go before the DFS is due, HL news must be imminent otherwise timelines will not be met and Mr Market is not kind when expectations are not met. As seen through blurry Sentinel changes, to my wonky eyes it appears that some recent grading to a major track has occurred in close proximity to the HL site. Is a procession of heavy vehicles/equipment expected? I guess time will tell. Given the rubbish that was served up in yesterday's intra-day Friday market release, it feels to me like it was a 'get it out of the way' type market release in order to clear the decks for a Mon or Tues market release about the HL development positives. Again, time will tell if my speculation and predictions are right. Let's not mince any words here, the trial HL is critical to getting some cashflow and therefore averting more unnecessary dilution. This point thus ties in nicely with your 'squeezing bollie band and 50/50 indecisive spinning top candle' commentary. So if they manage to meet HL expectations we may pop up if not maybe down?

• more longer term is the Patricia Gold Project and in particular the Heysen's Find prospect where shallow holes have ended in mineralisation and have never been followed up. Hopefully they drill it before Christmas. Realistically, I can't see that happening until next year sometime. Same can be said about the Niobium prospect (UV Target 1) in Brazil. It'll probably get drill tested sometime next year with the OZM owned diamond drill rig. If they hit economic mineralisation with the Noibium, you can forget about the gold quick smart as the Niobium would be a legit company maker. Highly unlikely but still possible.

• recent board changes are a positive, but the proof will be in the pudding. Strengthening the company's corporate skillset and capability had to be done given the past, where the company was put in the unenviable position where it was exposed to the bottom feeders (twice!).

• CR is not expected and if there was one, I think the company would have a mutiny on its hands. Its a sore point especially in light of the past. I also certainly wouldn't call the OZM board and management retail investor friendly. Maybe this is different now with the composition of the current board. Again, proof will be in the pudding.

AIMHO (DYOR).