Orosur Mining Share Discussion Threads

[augustusgloop] 16/1/2017 21:32

Where's the potential?

This was the pecking order:
1) Arenal Deeps -- closing in a few months.
2) Talaca -- dumped because it was uneconomic
3) Anillo -- any news there?
4) San Gregorio -- wasn't even on the radar until the 'better' prospects proved to be duds.
5) other pits -- OMI are well down the list of profitable pits now.


Look at how much cash they have -- this is from 14 years of producing gold - never a dividend.

Now all the good stuff is gone - just the dregs left.
the cheapest to attain 700,000 oz ?? sold.

What is the commercial case for buying here?

[rhuvaal2] 16/1/2017 20:09

I am not surprised in any way...
AugustusGloopy returns right on cue whenever Orosur OMI stock nudges upwards and I do not want to keep explaining the dead thoughts of years ago. Everything is calm (exciting for me) and I suggest again if any person has doubts about the stock >> call the UK Chairman, email him, or, contact the CEO. Both are friendly and open in responding to any queries: which I have done on several occasions.

A few people hate this stock having lost money when the gold price declined from $1900. A previous chairman/CEO was bad news, but , things are now crisp and clear with plenty of potential. Just ASK.

[augustusgloop] 16/1/2017 17:41

What posters should be focussing on - but never mention is the closing of Arenal Deeps.

"An additional 90,000 tonnes at 1.4 g/t Au not previously in the

mine-plan were produced at Arenal UG mine prior to its planned closure

at the end of Q2 17,"

----------------------

Many millions were spent going under ground at Arenal -- this was the holy grail that would save OMI - producing over 50,000 ounces a year for a decade or more.

How many ounces has it actually produced.

Without this, what is their maximum production per year?

All the best surface pits were mined out long ago.

Arenal was chosen over San Gregorio because it was the much better prospect!
What changed????

-----------------

What are the real prospects here now?

25,000 ounces per year for 5 years?

What then?

Talaca was supposed to be the next big thing -- but was a dead duck.
Annillo? Will that go the same way?

Lots of promises here - lots of investment in a future that never arrives.

[augustusgloop] 16/1/2017 17:33

puku,

look back at the posts on this BB of a few years ago.

People were doing similar calculations to yours and deducing that the forward PE was less than 1.5.

Unfortunately this never resulted in actual profits of the level expected or any dividends.

[puku] 16/1/2017 13:50

PBT each qtr was $2.8 + $0.9 so half year $3.7. Should easily beat Edisons forecast of $5.2 for year giving P/E under 5. Originally bought in at 19 p and annoyed I didn't top up. But could double PBT next year and generate loads of cash. Will top up when all is quiet.

[wallywoo] 16/1/2017 13:36

Think the market expected worse results with the costs of SG deeps. Worth noting this again. OMI currently has a MKT cap of £16.5M or $20.2M US. They have $5M net cash now and likely to generate $3-4M each qtr (at current gold price). So that is approx $12M in cash by the end of the year and the whole of todays mkt cap will be cash in 12 months. So all the other assets will be valued at $8M in 6 months or 0 in 12 months, crazy IMO.

[abc125] 16/1/2017 12:47

The shares have had an unusual pop on a mediocre quarter,which granted,was expected. We must assume good news is in the pipeline re reserves/Columbia.

[taperkick] 16/1/2017 09:57

Not a word on Anillo.

[temmujin] 16/1/2017 09:47

just bought in...results look good to me

[qs99] 16/1/2017 09:29

Also like the fact that there should also be other news "shortly" on its operations, so keeping newsflow going, if positive will help this push higher IMO. Good support so far and IMO market likes what it hears with the shares marked higher. DYOR

[wallywoo] 16/1/2017 09:14

2sporrans $1345 AISC is for Q2 only, H1 has a AISC of $1135. You cannot judge a company on a QTR when production was forecasted to be low and costs high. You need to look at the whole year which should have a AISC under $1000 and Production of 40K.

OMI will by producing 3-4c of cash (around 15% of share price) every qtr now for the foreseeable future. Will some exciting news on reserve upgrades and Columbia. All for a MKT cap of £16M

[wallywoo] 16/1/2017 08:24

Results look good to me. As expected and forecast, production was lower but despite higher capital cost and lower production still generating cash.

Looking to become a cash machine from now on at around $3-4M a qtr and at the same time extend reserves by 200K+ ounces

[richgit] 15/1/2017 17:15

IS THE GLD BEING LOOTED-AND CAN THEY PUT THE GOLD BACK ?


In simple terms,

To keep a Gold price suppression going for so long,it means all Physical paid for
Gold demand HAS TO BE MET to hold the price down.

That means all excess demand beyond ,which actually comes to Market,has to come
from Western Central Banks (Fort knox ?).
Specifically leased Gold that should in reality be accounted as "SOLD" gold (gone forever.

When that looting is exhausted it really only leaves the Gold in ETF`s that could be looted (or borrowed from )and question of which ETF`s are fully openly auditable so Investors can know the truth of the Gold holdings.

It should be conern to some that apparently nobody has Authority to audit the GLD,
and that.the Custodian-HSBC-that has been accused of evey fraud on the Planet along
with laundering Mexican Drug Cartel Money,is about as trusted as the word of
Tony Blair.


So when the GLD figures confirmed its reserves fell some 50% (that could be 90%)

Mr James Turk confirms that some Hedge fund Managers told him,that they requested
to convert GLD shares for Physical Gold delivery and were "refused permission"


That suggests that predominantly those being allowed to loot the GLD are the
Gangster Bullion Banks !!!and it has been continuing.

The main observation being, Bullion Banks shouldn`t need to loot or borrow GLD
Gold reserves when the Crime syndicate tell all "There is no Physical Gold demand " !!!

Ho-Ho-Ho !!!

The GLD is virtually a scam Casino like the Comex where most are just using it
to bet on the price of Gold and the scammers running it totally relying on the fact
they hope few will ever ask to convert to Physical delivery,which means their reliance on being able to extract the Fractional reserve down to near 0.



In conclusion,that theory looks like seriously backfiring with some ferociousness unless they are simply prepared for the Armageddon of these scams going into default and some whilsteblower telling all that the GLD is becoming "Goldless!


Seems to me the fight to fill all these black holes could be can kicked until
every Physical buyer arrives on coaches all demanding at the same time-when Gold
production is declining,along with more and more Fund Managers requesting
to convert their GLD shares for Physical.

Surely they cannot tell them all...... NO !! without Alarm bells going off.




I look forward to those coaches arriving,and the gutter brawl as the fight
to obtain Gold to fill the Black Holes has China refereeing as they gain
control of the "Physical Gold Market"


They may tell the American coach loads of buyers- " You are at the back of the queue"



All good fun and possibility in this imaginary financial World






.

[richgit] 14/1/2017 16:26

"D.C. National Guard Chief Fired Days Before Trump Inauguration: "


That sounds somewhat ominous and the possibility that Obama,Clintons,Soros,and all the Anti-trump Warmongers are arranging for extreme uncontrolled violence on Inauguration day.

The idea that JP Morgan could possibly double cross others in the Paper Gold casino on that day -could be an interesting hindsight,and of course The Head of the crime syndicate is set up to make $billions the day they curtail the Silver manipulation .

[richgit] 12/1/2017 09:06

Will they have to unplug the Robots or will they short circuit the whole system.

It is interesting to note,that so many of the largest Funds -destroyed by the Central Planners + their Stock plunge team Robots- smashing shorts & technicals- are switching from their human generated decisions,to get onboard with hoped Robot traded success.

So now the Robots follow the Robots-whilst the Chartist have all fled to their Psychologists and chart retraining as they lose all belief in their destroyed
opinion.
They have been blinkered to the Central Planners + stock plunge teams having their own chartists that thus know how to smash the followers of technical trading - and create their own chart honey traps

Problem is the Robots follow each other into what become overcrowded positions
requiring more Robots to buy in until the Crowd is crushed in a full room.


What happens when the Robots decide to vacate that overcrowded room and sell !!! ?


Can they unplug them.?


Thankfully the Robots are 99.5% anti Gold and Humans believe them.


That leaves a lot of room to breath until Humans start distrusting Robots, and Physical Gold becomes a crowded trade - yet one that few will want to exit ,until the time in the future when 99.5% of the Robots are buying.

Then we sell !!?

[richgit] 11/1/2017 15:40

The crime syndicate is in full Battle Dress.

Shorts multipied in Paper Gold Yesterday and the stock plunge team is now desperately trying to frontrun Trump`s speech - no matter what that Dow has to go through 20,000.

The $Dollar is also being desperately pumped up.


If all fails !!! ?

[wallywoo] 11/1/2017 09:57

I think production results for Q2 will be low (because moving from Arenal Deeps to SG Deeps in the last qtr. However, could have some nice resources upgrades I guess.

All in all, would not expect anything spectacular in the Q2 results IMO. Now Q3 and 4, which is now, they should be good IMO. It should not take long before the mkt notices that OMI is becoming a cash making machine in 2017, with the bank account piling up!

Any one know the RNS date for Q2?

[breaktwister] 10/1/2017 15:26

Anyone else topping up in anticipation of rising gold price and upcoming results?

[qs99] 06/1/2017 10:21

another material move Northwards....

note to self, must stop posting from iphone as spell check brings up all sorts of stuff...!

[qs99] 05/1/2017 18:14

golf price moving on nicely

[richgit] 05/1/2017 11:28

As China make strides to control the Physical Gold Market leaving the others to panic unwind mere paper Gold IOU`s to Planet Zog and back(that will have virtually no Physical Gold backing)........................





State Department cable confirms gold futures market was created for price suppression

The U.S. gold futures market was created in December 1974 as a result of collusion between the U.S. government and gold dealers in London to facilitate volatility in gold prices and thereby discourage gold ownership by U.S. citizens, according to a State Department cable written that month, obtained by Wikileaks, and disclosed today by the TF Metals Report.

The cable was sent to the State Department from the U.S. embassy in London and signed by someone named Spiers, apparently Ronald I. Spiers, the embassy’s deputy chief at that time.

The cable describes the embassy’s extensive consultations with London bullion dealers about the imminent re-legalization of gold ownership in the United States and possible substantial gold purchases by oil-exporting Arab nations.

The cable reads: “The major impact of private U.S. ownership, according to the dealers’ expectations, will be the formation of a sizable gold futures market. Each of the dealers expressed the belief that the futures market would be of significant proportion and physical trading would be minuscule by comparison. Also expressed was the expectation that large-volume futures dealing would create a highly volatile market. In turn, the volatile price movements would diminish the initial demand for physical holding and most likely negate long-term hoarding by U.S. citizens.”

The cable is interesting not just for confirming the assertions by GATA and others in the gold-price suppression camp that futures markets function largely as mechanisms of commodity price suppression and support for government currencies, an assertion perhaps first made comprehensively in 2001 by the British economist Peter Warburton, but also for showing the close connection between the U.S. government and London gold dealers, some of which are cited by name, including Samuel Montagu & Co., Sharps Pixley & Co., Mocatta & Goldsmid, and Consolidated Gold Fields.

[bigtbigt] 05/1/2017 02:01

well the OMI bosses do tend to leak news to insiders