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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Uruguay Mineral (SEE LSE:OMI) | LSE:UGY | London | Ordinary Share | CA9169091043 | COM SHS NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 33.00 | - | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
01/12/2009 22:05 | anisha. The volume on the Toronto Venture Exchange is mostly much lower than here for UME and I believe they don't have MM's. It is a matched trades system there I think. UME prices are all over the place on TSX-V partly because of these factors and they take the closing price as the last trade price not the mid as with London. So if the last trade is a buy the closing price for UME may show a gain and conversely if the last trade was a sell, a fall. The 52c closing price yesterday I think you will find was due to one trade in the whole day of a few hundred shares (a sell) put through just before close. Obviously someone not interested in getting value or just having a laugh ... !! | stevea171 | |
01/12/2009 21:17 | hi any reasom why this is showing 19% fall to 52c on stockhouse and not in uk | anisha | |
01/12/2009 19:03 | Gold $1200. Another milestone today. UGY bottom line profits enhanced which will be recognised in valuations sooner or later ... ! "Another point to note is that this last surge in gold is to a certain extent unconfirmed by the gold stocks and by silver. Although it is up 65% year-on-year, silver, at $18.80, is still some 11% off its high of $21 in March 2008. The gold stocks are also a few points off their March 2008 highs (and they under performed in that move), while gold is some 20% higher. Goldcorp, for example, is seen by many as the market leader, yet it has only marginally taken out its September high. This divergence creates ambivalence in me. On one hand, it suggests that gold's move is unconfirmed and thus urges caution. On the other hand, it makes me want to buy more gold stocks and silver as they have more potential upside, just playing catch-up. ... longer term, we are going a lot higher. And we remain on course in fact we are ahead of schedule for $1,400 by next spring." | stevea171 | |
01/12/2009 12:04 | interesting discussion on gold on ft alphaville now | robson1974 | |
01/12/2009 11:32 | robson, thanks. | thx1138 | |
01/12/2009 11:05 | 1) there is an arbitrage - you can buy as many FVX as you like and when they convert into UME you can sell for a profit, so it makes sense to sell UGY/UME and buy FVX 2) still uncertainty about whether FVX will approve deal on December 11th, i imagine with arb buying of FVX this should be a formality but still what arbs would term as 'deal-break' risk 3) whilst the deal is in process i understand brokers can not publish research/recommendat | robson1974 | |
01/12/2009 11:01 | robson, why do you believe the price remains depressed here, genuine question? | thx1138 | |
01/12/2009 08:56 | adam are you being deliberately thick? (i suspect you are so should point out this was actually a rhetorical question) the minesite article pointed out the production slippages were minor whilst the cash profit per oz is up about 200% Original cash profit ($850 - $700) = $150 Current cash profit ($1150 - $700) = $450 if there is a 'profit warning' it will be in an upward direction | robson1974 | |
01/12/2009 08:52 | gold flying today | drago | |
30/11/2009 18:27 | adam. Yes, the flooding will have had some (likely minor) impact on mining but it's normal for mills to have a decent stockpile of ore so I don't see the mill being affected greatly by the weather. We will see. I am hopeful they can knock out more than 60k oz for the full year (70k last year and some references to exceeding 60k this year) but first they need to deliver on 15k/quarter (smoothed) before we can think about exceeding the 60k target. They still need to catch up the oz from Q1 which was expected to be low because of overburden removal, etc. | stevea171 | |
30/11/2009 17:49 | Steve - have you accounted for days lost to rain/flooding? I am expecting the quarter to disappoint. Minesite article implied can catch up ounces later, but presumably costs incurred during lost days with idle workforce non recoverable. | adam | |
30/11/2009 09:51 | Thanks maxi. Also thanks to you for the charts etc on the other thread. robson. There has been a trading update giving production output and cash position following every quarter for at least the last 4 quarters. eg Last year the trading update came out on 5/12 for the November quarter which was pretty slick work! Full details expected in January as usual. Drilling report could come any time and yes, Fortune Valley result of EGM, December. UGY needs to start hitting some forecast production numbers and with a favourable gold price the share price should take care of itself! | stevea171 | |
30/11/2009 08:32 | Steve not sure there will be any trading update in December although they certainly should update on the FVX transaction and could append a trading update to that. I've got no idea whether anyone will look at these juniors on earnings metrics or resource metrics but either way you can see this being substantially higher one year out. Based on 3m oz being 'proved up' the Market Cap of UGY should be approximately $50 x 3m = $150m / £90m so about 140p/share ? | robson1974 | |
30/11/2009 01:05 | Great post stevea171, thanks. Not the usual 'rampy' nonsense you sometimes get on here, but well reasoned out. In the short term however, I do think the market is going to tank big time taking everything down with it, but if it does, this should become one of those 'once in a lifetime opportunities', more so as Chile developements come to fruition, potentially at the height of a gold bull. ;-) | maximoney1 | |
29/11/2009 18:20 | No takers to my question? Here are my calculations based on current company guidance, POG, etc. Uruguay Minerals (Orosur?). 09/10 Full year actuals/estimates: Q1 actuals: Production: 13,173 oz Sale price: Av $912 Revenue gold: $12,014,000 Silver credit: $484,000 Total revenue: $12,498,000 Q1 result: loss ($2.2 million) Q2 estimate: Production: 15,000 oz giving 28,200 oz for H1 (full year estimate 60,000) Sale prices: Sept $1000, Oct $1050, Nov $1100, av $1050 Revenue gold: $15,750,000 Silver credit: $500,000 Total revenue: $16,250,000 (increase of $3.75 million cf Q1) Cash cost: $750 Gross profit: 15,000 oz x $300 = $4.5 million Amortisation and depreciation: $2.5 million/qtr ($10 million full year estimate) Capex: $2.3 million ($1.7 million exploration as Q1, $0.6 million other) Cash balance: $10.3 million (Q1: $8.1 million) Result Q2: profit of c. $1.6 million, based on implied charges/costs Q1. To be announced January. Half 1 result: (loss) $0.6 million The good news is that after 6 quarters of losses, Q4 07/08, Q1-Q4 08/09, Q1 09/10 UGY should make a profit in the current quarter but probably not enough to bring H1 into profit after the $2.2 million loss in Q1. Expect a small H1 loss, followed by a decent profit for the full year if production and cost targets are met or near met and gold stays above $1050. Q3 result: Production: 15,800 oz Sale price: Av $1100 Revenue gold: $17,380,000 Q4 result: Production: 16,000 oz Sale price: Av $1150 Revenue gold: $18,400,000 Full year: Gold sales: $63.55 million Silver credits: $2 million Royalties and taxes: ($2 million) Operating expenses: ($44 million) Amort. & Depreciation: ($10 million) s/t: $9.5 million less capex write down Provision: ($1.0 million) for exploration. plus recoveries (sale of Montevideo office): $2.2 million General and Admin: ($3.0 million) Income before tax: $7.7 million Tax: nil due to tax credits from past losses. Estimated 2009/10 profit: $7.7 million (Half 2: profit c. $8.3 million) Shares in issue: 48.7 + 16.9 (Fortune Valley) = 65.6 million Shares in issue (av): 57 million Earnings/share: 13c (8p) Share price: 35p Price/earnings ratio: 4.4 If share price rose x 4 to 140p, forward P/E rating would increase to 17-18 which would bring it more in line with its peers in the Junior gold producers sector. Estimated 2010/11: Profit: $12.2 million (60k oz production, $1125 av gold price) Earnings/share: 18c (11p) Price/earnings ratio: 3.2 Gold Junior sector P/E: average for a small-cap producer is 27 for CY2009 and 19.9 for CY2010 (Kitco). | stevea171 | |
29/11/2009 15:16 | Worth bearing in mind if gold dips over the next week. | ragpicker | |
29/11/2009 12:00 | What production and cash numbers are everyone expecting for Q2 to be announced in about 10 days time (approx 9th December)? | stevea171 | |
29/11/2009 11:45 | Annual saving from resignation of George Schroer, VP Exploration: Salary .. $198,000 Benefits. $44,000 Total ... $242,000 | stevea171 | |
29/11/2009 10:54 | dogberry was talking gold to $650 when it was under a $1000. The guys an idiot. | skidaddle | |
28/11/2009 22:37 | here boy here boy.... doggy so what is a good stock. all ears | wimbled | |
28/11/2009 21:00 | This is "a bad stock", too. 14p by March? COTS thinks so. | dogberry202000 | |
27/11/2009 20:23 | Ovoca Gold THAT IS A BAD STOCK.. | shujja | |
27/11/2009 17:19 | HP. A 45% Russian shareholding puts me off, but think i may have a small punt anyway. Another trading near cash is ITM. m/cap £19m. Seems to have large holdings with directors or former directors, so hopefully won't run it into the ground. Something to do with Hydrogen fuel cells and polymers. Last year burnt £5m in cash with no revenue. | adam | |
27/11/2009 12:41 | Adam I think I would have expected a tax liability to show up in the interims given how much the PolyMetal shares have appreciated. Directors own about 45%. The director-speak in the accounts sounds very shareholder friendly. Not aware of what happened at TSG. | hugepants |
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