Orosur Mining Share Discussion Threads

[rivaldo] 07/4/2017 13:42

Good to see OMI's share price rising - the gold price is now up to $1,270.

OT : please can we keep all the Trump stuff off-thread, there must be somewhere else to discuss all this. This thread s/be OMI-related only.

[breaktwister] 07/4/2017 13:22

A reporter from the Guardian claims to be the first onsite and investigated the rebel warehouses etc that Assad and Putin claim were hit thus releasing the chems. Reporter said no damage to rebel storage and the chems are coming from direct ground damage from bombs. All cooberated by witnesses. Is this total lies? Sorry no link to the article right now

[4marlin] 07/4/2017 13:15

I fear he has.

[4marlin] 07/4/2017 13:15

I fear he has.

[richgit] 07/4/2017 08:35

If Trump has cleared this with Putin,He may have pulled off a masterstroke to show
(and fooling) the US neocons that He has reacted in strength,also sending a message to North Korea.

I don`t believe that Trump (or hope not) believes the fake news about Assad using chemicals,yet playing along with possibly McCains engineered Fake news blaming Assad
this may clear the decks to say- We reacted -end of !!)


I pray this is another Trump game plan,and not that He has been brainwashed and chained by the War Mongers.

[rivaldo] 07/4/2017 08:10

Gold above $1260 now, and looking set for a decent run after Trump's attack on the Syrian air base.

[wallywoo] 05/4/2017 09:27

volume very high this morning with the order book all over the place. looking good IMO

[master rsi] 04/4/2017 10:53

A good size buy on the NEX exchange ( 5 minutes delay ) got WINS on the bid 14.50p, as they went from offer to bid

04/04/2017
10:43am
14.906p
26,834K

[master rsi] 04/4/2017 10:40

+0.50p (+3.54%)

Today could be a good day for the bounce, so far it looks good and maybe after all, everything is in place, the results last week, Cantor's reiterating their 44p target price yesterday and proactive write up

CFED is on the Bid 14.25p
while WINS is on the offer 15p

[richgit] 04/4/2017 09:38

We have a wall of dire sentiment to climb,yet just a shift of 1% to more believers
could be awesome in its impact.

To try and break the will of Gold stock investors,along with the multi-year obscene manipulations of Paper gold- they resorted (again)to shorting some Gold Majors for good measure.

Quite obviously the Central Planners that want all control over all their Cannonfodders` cash,do not want us transferring money to Bitcoins,Vaulted Silver, Gold,or anything that doesn`t support their markets mirage.

No doubt this will all back fire as China controls Physical Gold more and more and London/Comex drown in Goldless Paper margined to 500 or even 1000 times its worthlessness.


There is little more exciting than drilling down into "what if" and "what is" and dreams of -what could be,
and if that is also supported by better sentiment then could Anza become valued
at several times the total current Market value of ALL Omi`s assets.


I think so...............


The Anzá project includes a gypsum mine, which has environmental and mining permits granted by the Colombian authorities. Historically, the gypsum mine was operated by a third-party contractor. As previously announced, Orosur recently took over operatorship of the mine. The Anza gypsum mine is back into operation after Orosur finalized remediation work and improved operational standards during Q3 2017. Current mining activities are focussed on operational development work required to re-start gypsum extraction. The gypsum permits can be readily expanded, providing the ability for Orosur to fast-track permitting for future gold mining operations. The Company anticipates that by operating a mine at Anzá in parallel with the gold exploration drilling campaign should, allow Orosur to advance the gold project more swiftly and accurately towards feasibility.


IMHO

[master rsi] 04/4/2017 09:37

Gold at $1259.4 now up $7

Time to go over the latest intraday high $1260

[rivaldo] 04/4/2017 08:38

Gold up to $1257 now. Cantor reiterate their 44p target price:

http ://www.proactiveinvestors.co.uk/companies/news/175865/gold-production-up-as-orosur-switches-underground

"Gold production up as Orosur switches underground
15:52 03 Apr 2017

So far this year Orosur has generated US$8.7mln in spare cash

Orosur Mining Inc (CVE:OMI LON:OMI) has seen full a full quarter of production at the new San Gregorio West underground site in Uruguay.

Around 60% of the 7,800oz produced in the three months to February came from the SGW operation.

A lower gold price clipped after tax profits to US$363,000 (US$3.07mln) but house broker Cantor noted that cashflow rose in the quarter.

So far this year Orosur has generated US$8.7mln in spare cash while profits year-to-date have risen to US$4.1mln (US$480,000).

The junior expects production of between 35-40koz of gold for the full year at cash costs of between US$800-900/oz, which implies a sharp pick-up in output in the fourth quarter said Cantor.

The broker’s target price remains 44p compared to 14.2p, up 1.6%, today."

[wallywoo] 31/3/2017 09:47

Richgit,

Well we need to agree to disagree on the divi front. To me a 1p divi will cost OMI £1M. Hardly a dent, in a probable year end net cash position of around 9p per share.

The market is struggling to value OMI properly. They are currently valued as a mature gold mine (running out of production). This will send a message that is not the case.

Last time they had this cash position (around 2012), they wasted the money on the Talca / Chile acquisitions. Now that was a waste, a divi will be far from that.

[richgit] 31/3/2017 08:39

WALLYWOO

Personally I would rather see Capital spent on ensuring OMI progress to
£100 Million Market Cap as opposed to wasting it on any Dividends at this point.

That party time will come if all goes to plan.


At this absurd valuation maybe the so called Market should simply view OMI
as the one small Cap that can self fund ex-ploration.
Such an eye opener may come into view once they confirm drilling is to take place at Anza.

The day the Chinese control the Physical Gold Market,which is coming,will be the
death of the Comex Fraud,and then we can look at OMI as a Cash machine producer
and self financing exploration Company - so a double whammy when the Gold price and sentiment finally improve solidly


I guess all rules have been thrown out of the Window in the Silver Fraud as JPM Morgan has "openly" exceeded the supposedly legal Fraud parameters,which just proves
the desperation of the Central Planners to not just stop Paper Silver from exploding but basically holding Silver down to stop Paper Gold exploding.

They will lose this Fraud,as London is gradually losing all control over Physical.

Are the Central Planners ready for the Abyss and cash settlement !!?

[wallywoo] 30/3/2017 09:44

Don't get this present SP, so have topped up (90K odd shares). OMI only produced 6800 ounces last Qtr and had a high capex but still managed to generate 2p per share in cash. Even if OMI are having production issues (might be the reason for the sluggish SP), they are still likely to generate 3-4p cash for Qtr 3 and the same for Qtr 4.

Can only assume the tiny mkt cap of OMI is making it susceptible to having a low share price In a way it puts more pressure on mgt to think about a dividend. Are you listening Ignacio Salazar!

[wallywoo] 28/3/2017 10:48

I noticed that too rivaldo. Though the volume was very light on TCX (only 10K shares traded), so this time out I expect TCX price to come down when it opens not the other way round.

Not wanting to steal richgit's limelight but just read this take on the manipulation of gold prices and for me it is the best explanation of what is happening I have seen, so thgt I would post a link:



On a side note just comparing OMI to PGD, makes OMI look even more fantastic value:

OMI PGD
Mkt Cap £15M £31M
Debt / Cash net +$5.1M -$26M
Gld Prod 35-40,000 24,000
Net Assts $36M $18M
Opp both good but still prefer OMI

[rivaldo] 28/3/2017 08:47

The gold price is up above $1250, and OMI were well up in Canada last night. Time for OMI to move up in tandem?

[breaktwister] 23/3/2017 17:37

Huge move down on low volume. Smells like a tree shake?

[master rsi] 22/3/2017 09:53

All the trades earlier were at NEX exchange, one small now at LSE and managed to moved up a MM, they must be short of stock

Trades at NEX ....

spreead 14.75 v 15p
Level 2 is 1 v 1
was 1 v 2 last time

[wallywoo] 22/3/2017 09:37

Things looking very attractive for OMI currently:

1) With new SG underground mine open. Production likely to be around 10,000 ounces a qtr, generating around $4-5M in cash EVERY QUARTER. That's 4-5p (less 20% for $ to £) per share

2) Columbia / Anza drilling underway

3) Lots of Uruguay exploration taking place (should easily replace production and very possibly by a large margin, adding to reserves

4) Gold price on the march

5) Qtr 3 results in a few weeks to confirm (1)

Still think they should consider a dividend at year end they will certainly be able to afford one with probably around 9p per share in net cash by then. IMO a 1p final dividend will do wonders for the SP, and change how investors view OMI

[master rsi] 22/3/2017 09:08

Marked up as the day goes on, though no trades so far on the ticker, expecting a delay then

WINS has gone up on the bid 14.75p, there was plenty of Buying trades yesterday (all) till the end of the day

Gold has been going up again this morning $1247.20 +$3

[richgit] 21/3/2017 08:58

I thought Mr Pento`s comments were interesting and daresay He had it right.

It was obvious someone was back to shorting Major Gold stocks recently,so what did they think they knew ?.

His idea is that the Fed was alarmed at the only 25% belief they would raise interest rates this Month,so informed Goldman`s to do what was required and within 3 weeks the Market turned to almost 100% belief.

No doubt Goldmans would have had a hand in shorting Gold stocks with their "as usual" insider information,plus maybe more shorts in Paper Gold,as they expected the Fed to ram the $dollar up with talk of multiple increases firmly in hand,and thump Paper Gold.

His idea is that Trump told the Fed they could do what they wanted,yet warned them
NOT to use their usual jawboning of ramping up the $Dollar (which they did not !!!)
and NOT what Goldmans had bet upon.

Is Goldmans running around trying to get others to get them out of their wrong footed by their Masters - Gold shorts ?

I haven`t a clue of course

A crooked World indeed.