Australian (ASX) Stock Market Forum

ODE - Odessa Minerals

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Fargo Enterprises Limited (FGO), formerly Flamingo AI Limited, is based in NYC and Sydney, in the Conversational Commerce field, Flamingo is an Enterprise SaaS company which provides a Cognitive Virtual Assistant (AI) platform designed for selling financial products online.
FGO's Cognitive Virtual Assistant or Chatbot is called ROSIE.
 
will it go far?

No, Not applicable, No and In Compliance is all she wrote

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but there again, in the Quarterly all of a fortnight ago, after selling the existing assets
Future Plans The Company has commenced a process to look for additional assets to acquire. Shareholders should note that in accordance with ASX Guidance Note 12, ASX will generally continue quotation of the Company's securities for a six-month period to allow the Company to complete the Transaction and identify and announce a suitable new business. Depending on the timing and size of transaction, the Company may need to re-comply with Chapters 1 and 2 of the Listing Rules.
Click to expand...
 
On January 14th, 2022, Fargo Enterprises Limited (FGO) changed its name and ASX code to Odessa Minerals Limited (ODE).
 
Odessa Minerals is pleased to announce that it has successfully completed its public offer to raise $6,000,000 by way of an offer of 300,000,000 new shares at an issue price of $0.02 per share.

Proceeds raised from the Public Offer will be used to fund the diamond exploration activities across the Company’s portfolio of projects in the Kimberley diamond district of Western Australia, with work scheduled to commence upon reinstatement to quotation on the ASX, likely 18 Jan 2022. (unless there's an issue.... Odelay and all that)
 
Odessa Minerals announced today that it has been granted two of the three exploration licenses it applied. The tenements are known as the Lyndon project and are immediately next to DRE's Mangaroon REE and Ni-Cu Project. They are prospective for lithium, rare earths, nickel and copper. Management expect that the third exploration license applied for will be granted within the next month.

An important step forward for ODE but still a lot of work to be done. Even after today's 80% share price increase the market cap is still only ~$12 million. They will need to commence work as soon as practicable and will need some luck in coming up with results quickly.

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themarketherald.com.au

Odessa Minerals (ASX:ODE) exercises option to acquire WA tenement

Odessa Minerals (ASX:ODE) has decided to exercise its option to acquire the E08/3217 exploration licence from Historic Gold Mines.
themarketherald.com.au themarketherald.com.au
Odessa Minerals (ODE) has decided to exercise its option to acquire the E08/3217 exploration licence from Historic Gold Mines.

The companies signed a binding agreement late last month for Odessa to acquire the 148-square kilometre tenement which lies within the Gascoyne region of Western Australia.
 
Odessa another explorer in the Gascoyne region of WA. This ex diamond, ex gold ex anything is now looking for Li and REE in the highly promising Gascoyne region. ODE is currently awaiting results of ~1200 samples from their Lockier Range project.

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I've selected ODE in the July Tipping Comp.
Chart below show an increase of price and volume indicating some interest in the stock. S/T EMAs are now above L/T EMAs and Bollinger Bands are tightening.
So it doesn't look too bad and if good results are released this month, price should head upwards.

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It's all in the timing for our monthly comp.
ODE price has spiked up after reports about completion of its rock sampling in its Lockier Range pegmatite exploration area.

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assay results from its Yinnetharra Lockier Range project have delivered 248 soil samples with Li2O > 100ppm, and identifying a 4km x 2km northwest-trending Li-Cs-Ta-Be-Rb-Bi anomaly at Robinson Bore coincident to the 16,500m of sub-cropping fractionated pegmatites.
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Me-So-Fa-La-Te-Do
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and a short-lived "window of tippability "
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