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OSU Orsu Metals

1.20
0.00 (0.00%)
16 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Orsu Metals LSE:OSU London Ordinary Share VGG6777T1562 COM SHS NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.20 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.20 GBX

Orsu Metals (OSU) Latest News

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Posted at 30/1/2019 17:45 by magnus9
Found another recent Yakubchuk interview from Vancouver - I like the options he describes, especially having a processing plant right next door. Looks like a nice tight setup here. Wonder if OSU is on Sprott's radar yet, be more than interesting if they took a stake.
Posted at 28/2/2018 13:19 by novicetrade68
rossannan, I still have the html for the TSXV in the header, yet it clearly doesn't display anymore. Unfortunately I'm not really a thread guru, so I'm unsure what to do about that, maybe it's because OSU has delisted here, because I see there are more things I had originally put in and not displaying anymore...sorry!
Posted at 22/9/2016 11:26 by magnus9
Looks like they're going for gold this time probably to line some oligarch's pockets.



Orsu Metals Corporation Announces Exclusive and Binding Heads of Agreement for the Proposed Acquisition of the Sergeevskoe Gold Project in Russia
Posted at 01/9/2016 15:53 by barnetpeter
Price showing at 1.72 on my account. Of course part of that is sterling weakness....
Posted at 12/7/2016 21:42 by dice1950
!YOUTUBEVIDEO:46b_mn7jAG4:
Executive Interview - Orosur Mining
Edison Investment Research


Published on Jul 12, 2016
Orosur Mining owns (100%) and operates its San Gregorio gold mine in Uruguay. It also explores for gold close to San Gregorio and further afield in Chile, at the Anillo gold property. It also owns 100% of the highly prospective high-grade Anzá gold property in Colombia. San Gregorio has been successfully managed through the worst mining down-turn in recent memory, with all-in sustaining costs reduced to under US$1,000/oz (via careful mining, a reduction in-head count, general cost optimisations and central government support). With increased uncertainty worldwide and a positive return of sentiment towards gold, a rising gold price will provide greater funds to expand production in Uruguay as well as opening up its Chilean and Columbian opportunities.

Orosur Mining Inc. is a South American gold production and exploration company. ... The Company operates the only producing gold mine in Uruguay
Posted at 21/5/2016 05:22 by beergut
Return of Capital would be best, but this board won't follow Petromanas as they think it is all their MONEY.........

CALGARY, May 20, 2016

CALGARY, May 20, 2016 /CNW/ - Petromanas Energy Inc. ("Petromanas" or the "Company") (TSXV: PMI) is pleased to announce that following post-closing adjustments for the sale of substantially all of the assets of Petromanas Albania GmbH, Petromanas' wholly-owned subsidiary, for US$45 million (the "Transaction"), the amount of the previously announced cash distribution by way of return of capital (the "Distribution") has been fixed at CAD$0.08 per share for an aggregate amount of CAD $55.5 million.

The record date for the return of capital distribution will be June 1, 2016 and the Distribution will be paid on June 7, 2016. The Distribution will be funded from the proceeds received by Petromanas in connection with the Transaction which was approved by shareholders at the Company's annual general and special meeting held on March 14, 2016.

The Distribution will be made in accordance with the "due bill" trading procedures mandated by the TSX Venture Exchange for large dividends and distributions. The purpose is to result in traded shares carrying the value of the Distribution until it is paid. A due bill will notionally represent the CAD$0.08 Distribution that a holder of a Petromanas share is entitled to receive. A due bill will attach to each share traded, from the second trading day before the record date for the Distribution until the date on which the Distribution is paid. During this due bill trading period, the shares will trade on a "due bills basis", meaning a seller of shares will also sell to the purchaser the entitlement to the Distribution (which is represented by the due bill attached to each share sold). The due bill period for the Distribution will be May 30, 2016 to June 7, 2016. Anyone acquiring the shares up to and including June 7, 2016 will be entitled to receive the Distribution. The shares will commence trading on an ex-distribution basis (without an attached "due bill" entitlement) effective from the opening of trading on June 8, 2016, the next trading day following the Distribution date. The due bill redemption date will be June 10, 2016 (the second trading day after the ex-distribution date, when all trades with due bills attached have settled).

Shareholders do not need to take any action. Petromanas' transfer agent will send to registered shareholders a cheque representing the return of capital and beneficial shareholders will have their brokerage accounts automatically updated to reflect the Distribution.

Filing of Q1 Financial Results

The Company also announced that it has filed its financial statements and related Management's Discussion and Analysis ("MD&A") for the quarter ended March 31, 2016 on SEDAR. The financial statements and MD&A will be available at www.sedar.com.

Directors and Officers

Subsequent to the approval of the Q1 2016 financial statements and MDA and the setting of the record date in respect of the Distribution, Mr. David Farrell, Mr. Thomas O'Neill and Mr. Robert Kang were appointed to the Board of Directors and all of the incumbent directors of the Corporation resigned. In addition, Mr. Verne Johnson resigned as interim CEO and Mr. Bill Cummins resigned as interim CFO and Corporate Secretary. Mr. David Farrell was appointed as CEO, Ms. Harpreet Dhaliwal was appointed as CFO and Tally Barmash was appointed as Corporate Secretary. The Company has retained Fiore Management & Advisory Corp for financial advisory and corporate administration services


Read more at hxxp://www.stockhouse.com/news/press-releases/2016/05/20/petromanas-announces-record-date-and-amount-for-return-of-capital-restructuring#dSP5xc0ERMsArZ6m.99
Posted at 13/4/2016 13:57 by yaniktoo
A lot of PI's will find trading on TSX to be a hassle and will dump their shares before May 11.

So expect some selling pressure till then.

There are a lot of uncertainties before the deal closes. The deal is conditional and several permits/agreements are needed from the Kazakh authorities. It is entirely possible that the deal is not closed before the year end.

Also, the management have said that they will look for opportunities to invest the cash. So the cash burn will continue indefinitely.

Back of the envelope calculations indicate that there will be about $ 10m in the bank when the deal closes. Value this at 50% so $ 5m.

This indicates a share price of 1.9p

For those that don't understand. Delisting from AIM does not mean you get your money back. The share will now be listed on TSX only and you can still enjoy the benefits of your investment in this great management team.
Posted at 11/4/2016 09:31 by yaniktoo
Rossannan

Even at a 50% discount to expected cash at year-end, the share price should be double what it is now.

If the share price does pop x2, cash out and let someone else bet on the putative remaining value of Orsu.
Posted at 30/3/2015 07:57 by mabwhittle
I just deal in facts.


OSU share price is 1.05p

OSU CASH IS £5.1 MILLION FROM THE RESULTS RELEASED ON FRIDAY

To be equal to its cash OSU share price should be 2.8p.

OSU SHARE PRICE HAS TO RISE 2.7x JUST TO EQUAL CASH

OSU have a sale agreement for their Akdjol - Tokhtazan gold licence, for £3.1 Million, deadline 7/4/15 which would mean total cash of £8.2 Million.

OSU SHARE PRICE WOULD HAVE TO RISE TO 4.5p WHICH IS 4.3x FROM THE CURRENT LEVEL JUST TO EQUAL CASH

OSU have the Karchiga Copper asset, permitted for production of copper, with a NPV(8) of $150 Million. Copper price now of $2.80 against $3.25 price for feasibility.

WHEN KING COPPER PRICE INCREASES, KARCHIGA IS VERY ATTRACTIVE BEING FULLY PERMITTED, MODERATE CAP-EX AND ON THE BORDER WITH CHINA.

OSU should be on your watchlist.

mabwhittle
March 2015
Posted at 29/3/2015 21:48 by mabwhittle
OSU share price is 1.05p

OSU CASH IS £5.1 MILLION FROM THE RESULTS RELEASED ON FRIDAY

To be equal to its cash OSU share price should be 2.8p.

OSU SHARE PRICE HAS TO RISE 2.7x JUST TO EQUAL CASH

OSU have a sale agreement for their Akdjol - Tokhtazan gold licence, for £3.1 Million, deadline 7/4/15 which would mean total cash of £8.2 Million.

OSU SHARE PRICE WOULD HAVE TO RISE TO 4.5p WHICH IS 4.3x FROM THE CURRENT LEVEL JUST TO EQUAL CASH

OSU have the Karchiga Copper asset, permitted for production of copper, with a NPV(8) of $150 Million. Copper price now of $2.80 against $3.25 price for feasibility.

WHEN KING COPPER PRICE INCREASES, KARCHIGA IS VERY ATTRACTIVE BEING FULLY PERMITTED, MODERATE CAP-EX AND ON THE BORDER WITH CHINA.

OSU should be on your watchlist.

mabwhittle
March 2015
Orsu Metals share price data is direct from the London Stock Exchange

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