OMC - Omegacorp Limited

[dutchie]

OMC - big mover

OCM rose 70% today
Acquired uranium assets.

 

[el_ninj0]

Re: OMC - big mover

OMC up 34.2% today. Probably not for the most environmentally ethical reasons however.

 

[GreatPig]

Re: OMC - big mover

Anyone have any theories on the reason for today's trading halt?

Cheers,
GP

 

[danc]

Got this one off uranium lists posted by Ann and Laurie,,not very old but charts look preety good,have taken a possie at .36..
Day and week to me show clear reverse head and shoulder pattens with the neck line being broken last week by a big strong green candle with volume.
Daily the adx and mavd are trending strong up.week stock has turned up with the mavd just crossing into possitive territory.
Retracement to the 50% mark of the major range on all time charts and has come strongly off this point.
Monthly looks to be trending strong with the low off the 50% mark showing a clear doji candle.Ann if you are around could you post a chart,any one have any input on the fundies please?

 

[YOUNG_TRADER]

Zimbabwe is a bad bad place to operate

 

[Ann]

Here is a chart just for fun....

 

[ctp6360]

Up 20% so far today, does anyone know why? I'm just glad I own plenty of it, ha ha ha!

 

[nizar]

Up 20% so far today, does anyone know why? I'm just glad I own plenty of it, ha ha ha!

resource upgrade or more drilling results soon?

50mil market cap and with a JORC resource was a bit of a joke, maybe the markets has finally started to realise its potential

 

[danc]

Bought some more this morning,any one comment on to days announcement?

 

[esprit]

What exactly does this announcement mean for existing OMC holders?

 

[YOUNG_TRADER]

OMC's hard work has converted me over for the following reasons,

- It has focused on its JORC project in Zambia, which was ranked the 4th best place in the world to do mining business ahead of Australia which was dropped to 5th so its a safe place,

- In addition they are focused on getting this project off the ground and having recently completed a capital raising which will top up the cash coffers to $13m plenty to see this project through to BFS/Pre-Development

- They are going for a heap leach operation = lower Cap Ex and AGIP already undertook studies to show it was doable in the late 1980's (but U3O8 Price bottomed from $20 to under $10 us/lb)

- Scoping study due soon,



- Priority to new IPO listing Mantra Resources Limited to list with all Tanzanian Interests


All in all, its cashed up, its no longer a spec and it will probably be the next ASX listed company into production

 

[Sean K]

Big triangle forming here. A step either way will be a very good sign of it's next direction. One to watch closely in the next week or so.

 

[Sean K]

IPO anounced today, but not much action. Anyone jumping into this for the float? Seems all uranium floats have done well recently. With it's key prospects in Tanzania, must have some interest.

 

[YOUNG_TRADER]

IPO anounced today, but not much action. Anyone jumping into this for the float? Seems all uranium floats have done well recently. With it's key prospects in Tanzania, must have some interest.

1 for 6 rights ain't exactly the best terms for a rights based float,

Still I've got 6 investment accounts, so I'll put in 6 applications for min $2000 surely at least 2 or 3 will succeed

 

[Sean K]

Could be breaking DOWN from this triangle. Not yet confirmed, volume still low, but be careful here.

 

[Sean K]

Ha, OMC moved back into it's trading pattern moving to a pointy point.

Will be interesting to watch.......Might have to have a trade ready.

 

[CanOz]

Love your breakout posts Kennas, your better than my stock scanner at the moment.

Thanks,

 

[Sean K]

Might be breaking up. Watch for more volume for confirmed upward move out of triangle. Interesting. (don't hold)

 

[Sean K]

There's resistance at 60c so if it holds above that I might be in.

 

[Sean K]

Broken through, at $0.64, possible breakout. Not in. Put in order at $0.62, but missed it. Might catch it on a little pullback later. Not keen to chace just yet.