Euro.Mins. Share Discussion Threads

[strow] 13/7/2008 16:44

Thanks chip

[chipperfrd] 13/7/2008 16:39

I have added a new thread for OSU. You can find it here

Chip

[strow] 10/7/2008 21:22

Well the figures look ok to me for starters,considering that up to the end of q2 they were working up to 50% and now seem to have improoved on that-lumbarjacks seem to agree initially at least-anyone fancy setting up an osu thread?

[strow] 09/7/2008 19:28

All of this is just short termism-the combined outfit easily has the potential to 5 bag our monies over 5 to 10 years-suppose it all depends what price you buy in at and whether or not youre prepared to wait

[strow] 07/7/2008 18:46

Thanks george

[ukgeorge] 07/7/2008 10:59

switched over to osu on Aim now and i got a reply from an email from new company, seems there is going to be an update this week on the mine progress.

"we are presently working on a project update for the market, which is earmarked for release this week and that I have been waiting for our COO to return from 10 days in Varvarinskoye, armed with all the information required for that announcement"

from email sent to me nothing else of real interest

[ukgeorge] 26/6/2008 13:42

we have a new name and new offices and there getting rid of the old staff

Current Total Issued Share Capital: 456,709,227

Orsu Metals Corp

a new ori but with gold in a multi year gold bull mkt.

[strow] 19/6/2008 21:16

Its a done deal guys-we are now part of kurzins next moneymaker-i have a feeling we will not be stopping with the current three projects-very exciting-looking fowards to a bright future here with our cash flow monster providing the readies

[ukgeorge] 19/6/2008 08:33

put short bets on Hays at 100p -10 today , Top tiles -10 at 66p, carpetright -2 and michael page -2.5. Went long HOC +5 yau +3 and eum +40

[ukgeorge] 18/6/2008 21:21

yeah agree with you, the Aim market is to be avoided and the sb companies are pretty crooked. i've had one other share that caught me out more than this and that was uranium1 which is listed on tsx. uranium price went from$70/lb to $140/lb and the share price dropped from$16 to about $10, pretty similar to eum.

going to short a few of the retailers and maybe a couple of recruitment companies. still got a lot (for me) of shares in these and think it is all going to start coming good soon, may add some spread bets when the trend line is broken.

[strow] 18/6/2008 21:10

That was today :-)

[strow] 18/6/2008 07:59

Sorry to hear about the bets george-have all but given up sbs myself after more actual losses than your current in the past-the odds are stacked against you,not with you as they would like to have you think-no offense,but i now think its a mugs game-they are making huge amounts of money out of people just having a go-it is betting after all and although at first sight it seems easy it isnt-numerous traps lie in wait,particularly in aim shares in a poor market-have never seen a poor casino

[donaferentes] 17/6/2008 10:26

why does the AIM listing consistently underperform the Toronto listing?

[strow] 17/6/2008 08:17

Seems to me ,wary or not,this management team make people money-seems a safer bet than many others-even in the worst case scenario,investors seem to at least double their returns-even 100% over 5 years would be 16%+ per year allowing for inflation-not bad when one looks at average returns on the indexes over this time-my moneys in-they have some very good potential with the existing projects,one of which is producing and one of which is to be fast tracked to production-i cant be too wary about making money

[sg31] 15/6/2008 12:15

We will need to look carefully at any takeover deals,i have seen a number of companies take over others that they have links to but those links are not always obvious(a bit like Lero and EUM)each time they ensure that while the deal is apparently beneficial it is infact more beneficial to some than it is to other(again a bit like Lero and EUM where the share prices were manipulated to reduce the price of EUM shares while those of Lero were inflated.)
Once you look closely it becomes obvious games are being played.I have a number of canadian stocks and this sort of thing goes on all the time,

[strow] 15/6/2008 08:50

As you say dave-they have a further C$40m in the bank from the proceeds of the lero placing,so if they do desparately need more funding ,it is potentially available to be diverted into any more production snags.
If production now progresses without further snags,i think the answer to your question re the hedge/scoping study,is yes,the current production should cover-cash flow is becoming progressively more substantial and not all of it is going towards paying off the hedge-have you watched leros minesite presentation?Another good one was eums gold conference presentation
If getting shafted here means i will make min 3 times my money in time,im happy with that,but i am expecting more-certainly the potential is there,it just depends how they play it
I also find some of the stockhouse posts,particularly by "omniportent" very useful and informative when it comes to the financial ins and outs of it all
I may be an optomist,but with good reason if the set up works and is managed well,(obviously with a healthy dose of caution),which it should be in terms of the competency aspect of the new management
If they sold eum short,where do you think they would go next?-a new start up?-i think not-retirement possibly,but i think pride would more than ensure that they do well here-ORI did not have the same set up as far as i am aware-they are now producing with potentially very large cash flow and claim that they want to be a regional consolidator-that doesnt mean just sitting on their backsides-lets see what happens

[doobydave] 14/6/2008 22:17

Like you p bear I am very wary of Kurzin, who repeatedly makes himself Executive Chair - something arguably appropriate to very small companies only, to save money - and predictably appoints the same troupe of accolytes to his companies' Boards along with him. I'm also surprised that Baratov has apparently been working as Chair of the Varvarinskoye subsidiary company without being listed as EUM company management on their website. In my book it smells.

The flip side of Kurzin is that if I am right, and this lawsuit is the Machiavelian plot of another Russian oligarch, Kurzin would be the man you would want around to block it. So the merger go-ahead seems very good news for shareholders.

Lastly, Lero have offered EUm a C$25m 'loan' - with the rest of their C$66m going to thier 'own' properties. I find the language of this a bit surreal when the companies are merging, though I think I get the reasons. However, the main point of this post is to ask a question. Bearing in mind there should be some cashflow from sales, is C$25m going to be enough to a) fund final 'snagging' of the new mine, b) pay for the scoping study and c) pay off the hedge they have not been able to deliver into? I simply don't know. Does anyone else?

[sg31] 14/6/2008 19:42

Strow,you are an optomist,i am a realist,we may make money on this but that will only be a by product of Kurzin and crew feathering their own nests.They are not interested in building agreat company to show how great they are....they are interested in one thing...money.If they need to shaft us to make more they will.
There will be money to be made by share holders but hold the shares with your eyes very wide open or you will get shafted.

[strow] 14/6/2008 19:15

p bear-i just think the upside could be very substantial,depending on whether this company is now their ultimate end game and i dont see why it shouldnt be-as a consolidator in the region,where do you think that will take them??They are shrewd cookies and will continue buying assets cheap and adding substantial value to each-i could possibly see this set up as being a potential end game for them,given their ages and the likely length of this current commodities cycle-it all depends on their ultimate aim here-they have all the circumstances set up and in place to make eum into a very substantial company-what would they then all do if they also sold out on this early-its not like oriel as far as i can see,as they have the huge opportunity given the producing mine to really hit the big time if they really want that-all im saying is that if for them,this is their baby and they run with it,i think all eum shareholders will be very happy
P.S-Leros nearer term fast track copper project covers the dilution aspect on its own,so the bigger possible 30/70 jv is all upside to start with

[p bear] 14/6/2008 18:46

....has very very significant upside, what are you thinking strow?

I am of the opinion that EUM without Lero (or any production/hedge problems) would have had a more significant upside considering the massive dilition at such a low price by 'taking over' Lero. Then again gold going and stay over $1000 will do some magic. Like you wary of kurzin et al. after watching ORI very closely for many years and knowing the Cr business well.