Orosur Mining Share Discussion Threads

[augustusgloop] 18/10/2016 21:30

hazl,

on an inflation adjusted basis - the POG over the last 13 years has probably been higher than in any other 13 year period in history.

Is that really a bear market for gold producers?

Many other producers have made profits and paid dividends in this period.

Not only have they not paid dividend - they do not look like they are in a strong enough position to do so for at least the next 5 years.

Where is the investment case?

Its just a pure punt on the POG - with the hope that if the POG does indeed rise - they won't squander the windfall like they did in the past.

[hazl] 18/10/2016 21:04

I think you are a trouble maker AG.
Not currently invested here,myself, but dear oh dear how could they pay dividends after only just climbing out of a previous bear market?

Interesting posts again richgit.

[richgit] 18/10/2016 19:41

UK Government should wake up !!!!!



Merkel in tears-Hollande dreaming about His Ships..but when the US
wants something.. HYPOCRISY !!!!.........


US Badly Needs Russia’s Technology to Keep Its Space Program Afloat


The US space program, including military satellites, depends on Russian technology. The issue is important enough to lift the sanctions on the Russian cutting edge engines. At the same time, the United States openly exerts pressure on the European Union to make it keep anti-Russian sanctions in force.

The sanctions make Europe suffer much more than the US.

US Senator McCain is right to say, «This is the height of hypocrisy! How can our government tell European countries and governments that they need to hold the line on maintaining sanctions on Russia, which is far harder for them to do, when we are gutting our own policy in this way?»

The rocket engines’ deal testifies to the fact that Russia and the US continue to cooperate in the field of space research, where America badly needs Russian cutting edge technology. It is also an example of egregious hypocrisy and double standards when Washington makes the allies do the dirty work for it. This is a very serious matter for the Europeans to think about. It also puts into question the very expediency of the sanctions. Is it worth it, if nobody but the US – the initiator of the sanctions - pays Moscow billions of dollars for rocket engines to boost Russian economy?

[bigtbigt] 18/10/2016 19:11

I'll not be as 'in your face' as augustusgloop, but objectively he is simply presenting the true numbers!

Only two things will affect this SP

1) performance - and currently there is no allowance for anything but good news (what about strikes, floods, Forex shifts, equipment damage, etc which are always real risks) - so its currently very uncertain from this perspective with only downside risk

2) PoG - and this is the only one of these two share price considerations that has varied these last several years (after Fowlup took his undeserved rewards away).

I.e., its really just a leveraged play on PoG, with an inbuilt assumption that nothing will go wrong operationally.

[billthebank] 18/10/2016 17:07

Has reached 34 cents today in Canada 21p equiv before dropping back to 0.28 ie 17p. More to come Yes there is no doubt OMI is a small company but we are producing so for now I am not selling

[photon] 18/10/2016 16:22

I think it's healthy enough when those who have supported a company's initial recovery move on and those who are willing to invest and support the next phase join the remaining holders. There's a transition phase for any share price as a result, then it moves on if management continue to get it right and external factors do not impinge too greatly.FWIW I agree with the commentators who back gold as a safe haven, since where else are you going to turn with things the way they are? There are no quick solutions. I have no idea what a fair price for gold, that roughly reflects the balance of supply and demand, would be.. but I hope it is sufficient to reward the endeavours and good sense of Mr Salazar and his team.

[qs99] 18/10/2016 15:54

nice reversal up again

[wallywoo] 18/10/2016 12:04

I think OMI suffer from the fact that at £17M mkt cap, it is just too small to attract many market institutions funds. I own a core amount that I will not be selling for a while, but I have traded 200K odd from when the share price fell to the high 15p range. I sold the last bit, 60K shares yesterday at 17.75 and the share price tanked. It needs more fund ownership to steady the ship IMO

[richgit] 18/10/2016 09:54

gaaston

Lol.

Underpromise and over-deliver,should be the game plan.

OMI would move most on "unexpected definingly positive news" as expected news is always traded by -very short termers.

Unexpected- could of course obviously be some "unexpected by overall opinion and chartists" of positive developments re GOLD and the ability of the Manipulators
of which there are 4 out of the Big 8 that TOTALLY control "PAPER Gold".

JP Morgan is arguably teflon coated not only by its "Protectors" and its Long positions to counteract its short positions + its obscene technical theft of Physical Silver moved into its own account ever since it took over the- busted by Silver -Bear Stearns.

Others may not be so protected and most certainly nos 5,6,7,& 8 of the Big 8 Manipulators that could have their meeting with Satan,and most certainly if
Dracula sees benefit to let them burn

Can they and the BIS dump another 1000 Tonnes of Paper Gold into the Daisy chain
to Paper Gold = 0 Delivery / $0 worth !!!!?


Apart from Bunkers,the other Parachute is to hold some "vaulted Physical" Gold & Silver.


IMHO

[gaaston] 18/10/2016 09:31

you've worked on this for a long time now, richgit, and methinks the ceo should be
calling on you for the alternative agenda...

[richgit] 18/10/2016 08:22

The dividend discussions/opinions will roll on for ages.

Personally- given the choice I would rather see that money drill down into Colombia
for the beginnings of what could be a 50 or more- just asset return in the ground- on the overall drilling costs.


First we need some longer term view on Gold and of course the Manipulators will try
and delay breaking back above $1300 as long as they can (if they can)

Meanwhile Deutsche gets fined their whistleblowing pittance for admitted Silver
Manipulation which may open the floodgates whilst JP Morgan`s gofer (Scotiabank)
fingered in the manipulations,is still King Gofer for JP Morgan in the Silver Manipulations.

JP Morgan remains untouchable,yet others may not be.


Patience and a Bunker required.

[photon] 18/10/2016 07:53

Even if you were rather pessimistic, regarding Q1 as a knockout quarter not to be repeated (unless gold moves back up), you'd still anticipate something like $1.5m net profit a quarter. That would give $7.3m net for this year, or £6m and a P/E of 2.7ish at today's price. If $1.5m per quarter were to be achieved next year, you'd be looking at £5m and a P/E of 3.3.So, taking last week's exploration statement into account, you don't have to be as bullish as Simon to consider this mispriced.

[rivaldo] 18/10/2016 07:39

Great to see Canada up to the equivalent of almost 19p last night.

Simon Cawkwell has commented further on OMI...



"Finally, Orosur (OMI) has come up with stunning figures this morning.

Cash is at long last rolling in. Of course it can be spent fruitlessly. But it is not fatuous to suppose that net of tax profit in the year ending 31st August 2017 will be north of USD10m and that cash will match it. It is time for OMI to indicate that it will pay material dividends. The CEO is calling in at Drayton Gardens this afternoon. I will give him an ear-bashing."

[billthebank] 18/10/2016 00:24

So will we see 19p tomorrow?

[billthebank] 18/10/2016 00:18

Yeah a 11 % rise so much better than a 7% fall!!!! Arbitrage!!!!!

[photon] 17/10/2016 23:08

Looks like the Canadians at least know a good investment when they see one.

[richgit] 17/10/2016 16:03

Simon`s appearance sums it up.

He obviously had already dragged in the Shareprophets crowd- trading for the results.

He promised them 20p,and of course Elban (Augustus) reckoned they would all be selling today so spreadbet against them.

Correct of course,like last time Simon appeared.

Rule of thumb- is accumulate after Simon`s baggage disappear.


All going very well at OMI as we watch the Gold shennanigans that will eventually
fail in Paper Gold,yet maybe we just have to wait for the elections and then
eventually some truth for the $Dollar`s assets of debt,and the failing US economy.

[qs99] 17/10/2016 15:26

I agree Tom...reinvest to reap greater rewards now the company is more efficient IMO - maybe divis in the future or share buy backs but way way to early now. Good to see CF putting 32p target....if only they can find some citi insti buyers to get the share price moving then!

[gaaston] 17/10/2016 15:26

BEWARE de-rampers from the past. Should you be in doubt, advise you call or mail the Chairman or CEO: both are most approachable... I have been through that saga and am now content, even positive, with the current state of affairs.

[tom111] 17/10/2016 14:28

Dividends are a waste of time really,money needs to be ploughed into investment.POG is the tipping factor which is missing at the moment

[rivaldo] 17/10/2016 14:16

Cantor has a 32p target price and says OMI beat its cost guidance by 18%:

http ://www.proactiveinvestors.co.uk/companies/news/167495/orosur-mining-impresses-as-profits-rebound

"Orosur maintained guidance for the current year at 35,000 to 40,000 oz of gold at operating cash costs of between US$800 - US$900/oz.

Cantor Fitzgerald said Orosur beat cost guidance by 18% and with the new underground mine at San Gregorio West and its ongoing exploration programme in and around its existing operations in Uruguay it is well- placed.

'Buy' is its recommendation with a target price of 32p."

[wallywoo] 17/10/2016 14:01

For me, despite great results I am quite pleased the share price performance has been muted. It adds more pressure for OMI to think about a dividend. I think they have everything else in place now (good cash generation, cost under control, good exploration prospects, no debt), they just need to prove they can reward shareholders too and this will start to motor IMO.

At the end of the day the share price is derived by the present value of all future dividends.

[qs99] 17/10/2016 13:47

ok, the results were pretty good, the historics can be viewed by some as pretty poor, they need to deliver on new production and exploration in the next 3-4 months to show the new management are on top of things, and if they can do that from their own resources while POG is relatively high, then great and IMO the share price will respond accordingly...

[tom111] 17/10/2016 13:40

really or being realistic lol