Share Name Share Symbol Market Type Share ISIN Share Description
Orosur Mining LSE:OMI London Ordinary Share CA6871961059 COM SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.25p +1.35% 18.75p 18.00p 19.50p 18.875p 18.50p 18.50p 12,068 11:04:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 47.9 2.2 0.0 326.3 14.62

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Date Time Title Posts
25/10/201619:06Orosur Mining Inc. - ISA eligible gold miner15,537
21/10/201614:41Orosur Mining results August 16th5
20/10/201514:02Orosur Mining share price analysis24
26/3/201218:48Orusur Mining with Charts64
04/1/201123:56Orusur Mining - Latin American gold miner (formerly UGY)41

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Orosur Mining (OMI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
25/10/2016 08:00:3419.006,8371,299.03O
25/10/2016 08:00:2318.885,231987.35O
25/10/2016 07:15:0119.00128,00024,320.00O
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Orosur Mining Daily Update: Orosur Mining is listed in the Mining sector of the London Stock Exchange with ticker OMI. The last closing price for Orosur Mining was 18.50p.
Orosur Mining has a 4 week average price of 17.12p and a 12 week average price of 17.76p.
The 1 year high share price is 22p while the 1 year low share price is currently 4.63p.
There are currently 77,979,809 shares in issue and the average daily traded volume is 284,173 shares. The market capitalisation of Orosur Mining is £14,621,214.19.
augustusgloop: Nonsense. Complete rubbish. The first share price that I can establish for OMI was 240p in Jan 2005 = 11 years ago If they had paid a 5% dividend and maintained it you would have received 12p per year for 11 years = 132p return, which you could have earned more interest on. Instead they paid you nothing. The POG in 2003 (when I have first evidence of OMI producing) was $340 its now $1,262 --- its increased by 270% The POG is up by a factor of 3.7 The OMI share price is down by 93% (from my first discovered sp) It doesn't seem to support your idea that the new discoveries and the massive rise in the POG made the possibility of a 132p cumulative dividend pale into insignificance. In fact it shows that shareholders have been completely stiffed!
qs99: ok thanks all, me thinks that comewhat may, people will look to gold as they have done for centuries as a place of safety and as you say given current risks that should IMO underpin the POG...which should help OMI, SHG, POG etc to throw off decent levels of cash and bolster the share price or pay out decent divis....let's see what the next RNSs for all have to say...
highly geared: Just has chance to look at results further and my projected figures improve further. FY16 cash operating costs were $877. Assume say $900 average for FY17. If they hit 40koz production and assuming POG average $1350 then this will throw off c. $18 million operating cash flow. Assuming $1.35 average exchange rate = £13.33 million. AISC is probably the more prudent figure to look at but with this now below $1000, the figures are very good. If , as many anticipate, gold continues its upward moved then the share price is "highly geared" (excuse the pun) to POG. Salazar has done a good job keeping OMI going through a terrible gold market, has cut costs,, reduced debt and got the business in good shape to benefit from a rising gold market. For me, assuming the current gold environment will prevail, OMI is way too cheap at the current market cap, barely 1.2x operating cash flow on the assumption above)and should be nearer 40p to reflect fair value. With the potential bonanza upside of Anza, OMI is a very good risk reward play with little downside at current levels, all of course assuming POG remains strong. All the best.
2sporrans: Q4 production results, to end May should be known now. Will Orosur hold off release until go with the Full Year Fiscal job in August? With the POG stabilising, possible release or 'leak' of production figures, dip in the OMI share price and toppy look to global equities, is this an opportunity to top up? Hope so as repurchased a 20k share slice sold 18.3 [last POG surge] for 17.2.
richgit: HG. Indeed, At this ludicrous Market Cap,taking the Market to focus on a self financing developer of what "could" be a very exciting prospect turns everything on its head. Whilst we then focus on the "potentials" of something that could be worth many multiples of OMI`s current Market Cap the -snowball rolling down the mountain- could be the result in the share price over the coming years. For Myself- there is no rush as I view this as a "hoped" multi year investment and am just looking for Management to show they are in careful full Control of the potential journey........ step by step.. The Gold story should continue for some years as the Central Planners go from one disaster to another with Major currencies marching to their 0 real values. Whilst I often refer to Brancote,this valuation also reminds me of the days I was buying Avocet mining at a first average of circa 13p many years ago, as Management also piled in for the death knell circa 6p when the last holder gave up and dumped their pile. It took some time yet as I could view an eventual £1 on progressions,the days eventually arrived when you could easily shift £500,000 at £1+. I missed the eventual £2 and then also the carnage of some of their hedges that cost them multi-Millions in potential life blood cash when things started going pear shaped there. OMI are are arguably in decent health and at the new beginning of what will be a volatile,yet surely progressive march upwards of the Gold price. Let`s see what Management have to say- to all- and then We can discuss it properly.
richgit: Here’s Why You Should Stay Away from Gold ETFs Jeff Clark Senior Metals Analyst April 5, 2016 On March 4, BlackRock, the sponsor of the gold ETF iShares Gold Trust (IAU), announced it had temporarily suspended issuance of new shares in the fund. The sponsor admitted it had failed to register the new shares with the SEC as exchange traded commodity funds are required to do. The snafu was due to an “administrative oversight,” it was later explained. BlackRock was quick to add that IAU shares continued to trade without interruption in spite of the suspension. Nevertheless, the reality is that management lost administrative control over the fund and violated SEC regulations. As a consequence, BlackRock faces fines and penalties from both the SEC and state securities agencies, plus the possibility of lawsuits from shareholders for damages and interest. Perhaps most alarming, the situation only came to light because the fund alerted the SEC—in other words, government regulators were unaware of the violation. With watchdog agencies asleep at the wheel, the fund issued and sold $296 million of unregistered shares. This uber-blunder at IAU lays bare the fundamental hazard of using gold exchange traded funds: counterparty risks. All Gold ETFs Carry Counterparty Risks Bullion ETFs are convenient, provide exposure to one of the oldest investments, and the gold that backs the fund is inventoried, and the bar list shown on their websites. But they come with a set of risks inherent in their structure and operation. And these risks will grow commensurately with systemic uncertainties. Gold ETFs and bullion are very different investments. Physical gold is a tangible asset. Paper gold is a financial instrument. Your choice is to own the real thing, or a paper proxy. As a financial product, ETFs carry counterparty risk. This means that you must rely on another party—known to you or not—to make good on the investment. With a gold ETF, you are dependent upon, among other things, management prowess, fund structure, chain of custody, operational integrity, regulatory oversight, and delivery protocols (which are available only to very large shareholders). If any of those break down, your investment is at risk. The IAU management failure is a perfect example of counterparty risk. Further, it was off everyone’s radar (apparently even the company’s and regulators’). And that’s the problem: the frequency and severity of counterparty risks with gold ETFs are rising. Consider the operation of the SPDR Gold Trust (GLD), the world’s largest gold ETF. This fund uses a custodian—without question the most crucial counterparty in a gold ETF—with a history of unethical behavior that many investors aren’t aware of. This Custodial Bank Is Not Fit to Hold Your Gold HSBC is the custodian for GLD, which basically means that HSBC sources and stores the gold for the fund. At first, a huge international bank like HSBC looks like a safe place to store gold. But Bernie Madoff was the “best” hedge fund manager in New York and MF Global was one of the primary dealers in US Treasury securities. The former was convicted of running the biggest Ponzi scheme in US history and the latter went bankrupt after illegally using client funds in a desperate attempt to remain solvent. HSBC is teetering on disaster. Look at the behavior of Britain’s biggest bank and GLD’s custodian over the past two years: It was fined $1.9 billion for money laundering and sanctions violations. The US Department of Justice said the bank allowed drug traffickers to launder billions of dollars in the US and billions more to be moved across borders to countries facing sanctions, including terror-ridden Libya. HSBC admitted to laundering $881 million for two drug cartels in Mexico and Colombia. It also accepted $15 billion in cash across the bank’s counters in Mexico, Russia, and other countries. It has set aside $1.3 billion to settle claims that it manipulated foreign exchange rates. HSBC faces charges that it used predatory lending practices in the mortgage market. This is hardly the resumé of a bank that should be the custodian of the largest gold ETF. These concerns raise a couple red flags… Will you get the best price when you buy GLD? Can we be sure the bank doesn’t “front run” its customers? How safe are GLD’s holdings when the custodian bank has lost over $100 billion in market cap and its stock price is near the 2009 lows? How adequate is the insurance backing those holdings? Can we trust the custodian bank to safeguard the gold The level of risk this fund carries is unacceptable. One primary reason to own gold is for it to be your last line of defense in economic or monetary crises. But since the banking system is also at risk during periods of stress, so are gold ETFs as they’re part of that very system. Why sabotage those protections by exposing your gold to an unprincipled and unstable bank? You Own an ETF but You Don’t Own Any Gold Contrary to popular opinion, GLD does not buy and sell gold. It creates and redeems paper shares in the company. These are passed through a group of market makers who trade them on the NYSE. A corresponding amount of physical bullion is then deposited into or withdrawn from the fund’s vault in London operated by your friendly HSBC banker. That means that you might own GLD shares, but you don’t own the metal. Here are the requirements to take delivery of gold from your GLD shares… You must own at least 100,000 shares. At the current share price, that’s about $12 million. Delivery is 400-ounce bars only. You cannot opt for any other type of product or smaller weight. The recipient must pay all settlement charges, delivery fees, and taxes. The fund reserves the right to “settle in cash.” Even if you meet all the requirements for delivery, the fund can, for any reason it deems necessary, send you a check instead of bullion.
photon: drago, we're looking at $400 an ounce profit relative to AISC at current gold price... annualised at 35,000 ounces is $14m profit, or £11m at current exchange rates.. so quick calc comes out with prospective PE of 1.5 at current UK share price.. not even taking cash or Anza into account.. I may be a fool but the share price looks stupidly low to me
wallywoo: last time the gold price was at these levels was 2011, when OMI had a earning per share of 24p. Just thought I would put the current share price in perspective. In chart terms once 18p resistance is broken there is very little to stop OMI getting to 40p
abc125: richgit, you're looking for quick capital appreciation like a lot of punters on advfn. If they do announce a 1p divi, you can add 50% to the share price. If they had acquired waymar when the omi share price was say, 40p, there would have been less dilution for existing shareholders.
undergroundminor: Scant information given. OMI says that Waymar has $14 million of assets, but as of 31st December 2013 $13.8 million is deferred exploration; only $363k of cash, from which you have to deduct $807k of creditors and short-term debt. So how much cash do they have today? No reserves or resources. Waymar share price down by about 65% since July 2013. Doesn't look like there will be any cash coming back to OMI shareholders, nor enough to finance any of their exploration. But I bet Cantor get paid; expect the Directors will too! Also looks like the OMI Board don't think the OMI share price is cheap.
Orosur Mining share price data is direct from the London Stock Exchange
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