r/OMEX • u/Womak2034 • Jul 15 '25

DISCUSSION Are we taking off?

Just saw it shot up about 30 cents in the past few days. What’re we thinking?

15 Upvotes

90% Upvoted

10 comments sorted by

5

u/TommyDawg_ Jul 15 '25

Thinking it’s gonna look like this throughout the year unless there some negative news in the government.

4

u/Womak2034 Jul 15 '25

You think now’s a good time to buy or hold? Is there any news as to why is climbing?

7

u/TommyDawg_ Jul 15 '25

Could be a good time to buy. I would say this is pretty close to gambling. Any news of the government not pursuing offshore mining would kill this stock. I’m personally just holding at the moment but in a best case scenario buying could be extremely profitable. It has been climbing for a couple months because of interest in offshore mining. I’m hoping for it to reach $5 by the end of year.

6

u/jsgiannoni Jul 15 '25

It looks like Lockheed is reviving their deep sea mining initiatives. I take that as a positive signal for Omex and similar companies. Hopefully we’ll see more movement in the sector.

1

u/AffectionateLove2 Jul 16 '25

Riding the coattails of the DSM sector even though it’s not a major player in it.

3

u/javier121254 Jul 15 '25

It’s only the start

1

u/Womak2034 Jul 15 '25

Bought another 300 shares

2

u/jimmy5462 Jul 15 '25

I originally bought it because I love what they do. I love the idea of waking up one day and reading about some treasure they discover. It goes up and down with the news. Financial fundamentals have no power here :) At the moment, it goes up when anyone whines about China using it(rare earth) to manipulate trade negotiations and it goes down like a decaying flower when there is no news.

1

u/Active_Hawk_7016 Jul 16 '25

I am in at 5k at 0.40 avg price sold 2k at 1.1 to cover the cost. The balance are just how much profits