Orsu Metals Share Discussion Threads

[yaniktoo] 11/1/2016 10:48

Let your head rule!

This share can easily pop 2-5 times from current levels. BUT, only as a pump and dump flare-up.

Economically and/or as a long term-investment, forget it. In this climate, nobody needs a second rate copper project in a far-away ex-soviet stan.

Unless, like Bean, you reckon that the management will sell Karchiga and return money to investors. In which case, be patient.

[yaniktoo] 08/1/2016 15:48

Crunch time should come around release of the audited 2015 results. The auditors usually need to see sufficient funds to support minimum twelve months, but like to see 18 months.

If David Invest don't come to the rescue by being able to string out the purchase yet again of Akdjol-Tokhtazan Project, the $ 4m on the books will be written off.

At the current burn rate, the cash should last one more year.

Only hope is that someone takes Karchiga off their hands.

So Bean, maybe you are onto a good punt here.

[the stigologist] 08/1/2016 15:35

the OXS arbitration result suggests it is open season on any assets in a foreign former Ruski country

[paleje] 08/1/2016 15:11

They might not get to a sale if cash runs out, might manage rest of year but they need a jv or buyer before then and if the current climate persists its not looking too good. The failure of David-Invest to close a deal and forfeit 400k deposit didn't bode well.

[bean02] 08/1/2016 14:50

I'm here for the eventual sale

[yaniktoo] 08/1/2016 14:00

I wouldn't invest until a new Director of Operations or Technical Director is appointed.

Why?

Without this key role, it is clear that the management have no immediate plans to start operations.

Banks won't finance without knowing who will lead the project.

[bean02] 08/1/2016 13:04

Well I managed another couple of lots at this knock down price. Assuming this fall is a delayed reaction to the recent rns

[supercity] 08/1/2016 11:35

Looks like some one sold 1,000,000 in small tranches to get round the market limits - seen these trades cancelled by the brokers later in the day before

[yaniktoo] 08/1/2016 09:06

Rossannan,

Orsu is a pure copper play, not Gold! They are trying without success to get rid of the only gold project they have.

The copper project is not financeable in the current market climate.

[mortimer7] 04/1/2016 16:06

RNS : the Potential Buyers have not exercised their option to purchase the Akdjol-Tokhtazan Project before the deadline of December 31, 2015.

[oakville] 26/11/2015 05:10

Get in at these levels if anybody is listening.

[oakville] 10/11/2015 05:04

People are asleep to the potential here.

[oakville] 04/11/2015 18:32

25% down across the bridge !

[knicol46] 30/10/2015 13:50

$5m potential offer coming our way!

$6.3m cash (£4m) as at 30 June 2015 and only 183m shares in issue.

£4m/183m = 2.1p based on cash value alone

$13m existing other assets

The Potential Buyers have the option to purchase the Akdjol-Tokhtazan Project at any time on or before the 31 December 2015 for a consideration of US$5.0 million. The previous non-refundable deposits of US$400,000 received by the Company during 2014, will be applied against the consideration in the event of any sale.

As at June 30, 2015 the Company had cash and cash equivalents of $6.3 million and estimates to have sufficient working capital to fund it exploration and administration obligations for the next 12 months.

Oh and July 10, 2015 - Metal Tiger PLC ("Metal Tiger"), was interested in 5,500,000 of the common shares of no par value of the Company representing a 3.01% interest in OSU.

Results expected mid November 2015

Currently well undervalued

[oakville] 29/10/2015 08:15

All buys, what have I missed?