I agree with what you are saying, its very true. Nothing is...

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The Mechanic

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31/05/25

14:52

Post #: 79263465
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Originally posted by Wack: ↑

Morning all.
@The Mechanic
I get your point mate.
There are times to put your money where your mouth is and go against the grain, ( Contrarian investing by David Dreman ), Great book.
I believe this to be one of those, right here and now.
I have built a nice position and have been down 50% in past positions that were life changing outcomes.
I expect this to be another.
I also see that the opinions of others Can be, unwelcome but there are some that remind me of the 6 blind men around the Elephant.
All have a different view of the Elephant, eg; big ears, little tail, fat legs, Loooong nose, etc.
BUT all are correct, although in isolation they seem a little ridiculous.
That happens and we can argue only if we are not comfortable with our own risk reward strategies.
And yes we get it wrong but at least that is at our own expense.
Imho, the writing is on the wall for what is in the making here.
I am happy to sit on the side fence and watch the garden grow.
All is coming, and I am happy with the strengthening fundamentals along with the TA.
@slick put up a chart that shows the level we are at is near the support line, that is also a welcome sight in my view.
Bring on June and the US summer where investors loosen up and become more positive.
Bring on the current unfolding of the US debt and hence the need for an alternative view to the fundamental importance of Gold.

Kind regards, Wack

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I agree with what you are saying, its very true.
Nothing is certain but I like the business model of OZM and buying its potential for future growth in a world class gold area and in a very bullish booming commodity. Also very confident and credentials of the people who are running the business in AP, BJ and AP.
The results from the announcement yesterday were in my opnion very encouraging particularly the DD results and the others were not as good but were only shallow and cant be written off but did show some potential.
Does not change the overall picture of OZM for a potential substantial resource upgrade, the HL operation and our other prospective grounds.
Sckhead did an article on yesterdays announcement

Last edited by The Mechanic: 31/05/25

OZM Price at posting: 7.9¢ Sentiment: Hold Disclosure: Held
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Last 7.2¢		Change 0.000(0.00%)		Mkt cap ! $16.49M

Open	High	Low	Value	Volume
7.1¢	7.3¢	7.1¢	$22.84K	316.5K

Buyers (Bids)

No.	Vol.	Price($)
1	96973	7.1¢

Sellers (Offers)

Price($)	Vol.	No.
7.3¢	27397	1

View Market Depth

No.	Vol.	Price($)
1	96973	0.071
7	789280	0.070
1	7500	0.068
3	39880	0.065
1	50000	0.060

Price($)	Vol.	No.
0.073	27397	1
0.074	36926	2
0.078	64307	2
0.080	73288	2
0.081	10000	1

Last trade - 15.45pm 13/06/2025 (20 minute delay)

OZM (ASX) Chart

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