Orosur Mining Share Discussion Threads

[richgit] 14/2/2015 19:07

IronStorm

The Waymar asset is currently afforded 0 along with Pantanillo 0, Anillo 0
and the rest at arguably - Minus $Multi- Millions.

Waymar brings a substantial land package and some early-yet very exciting high grade Gold results.

So far that suggests a similarity with Continental Gold.

If Continental Gold achieve their Goals, then the adage
"The best place to look is where someone else has succeeded" could be a clamour of others wanting a piece of exploratory action in this Gold rich area.

So - who has tremendous acreage sewn up with early signs up to 50gpt ?

IMHO OMI only need to sit and wait,and if Continental Gold succeed, just wait
for the Phone to ring and offers for deals.

So far, Continental Management believe they are in Gold paradise.


With every other currency being trashed even to potentials of 0,the Gold
Cartel would still love to give Gold another hammering until all the Frauds
collapse in paper leveraged worthless IOU`s.

As long as OMI trundles along until Physical Gold destroys paper gold,then
the future potentials are huge -yet short terms traders following hapless
chartists will keep getting it wrong.

Chartists are of no use in this False Market unless they can guess how
the Fed will destroy the next chart prediction.

The best any chartist can say is "if the Feds computers don`t destroy this
chart pattern- then X may happen, as it all depends what suits the Fed.

The Fed will face the day their Computers become their worst enemy as some unforeseen event occurs, and in the case of Paper Gold, they start buying thousands of contracts per millisecond instead of selling.

[ironstorm] 13/2/2015 16:01

I am wondering if I have missed some of OMIs plans for Waymar etc. All rather vague - therefore not afforded much value.

I think Gold feels as though it is in a pause 1200-1300 range and being profitable at that range is good for now. OMI seems to be able to live with that That could go on all year and into next - or not.

Looking forward to cash generation for current quarter.

[ironstorm] 13/2/2015 11:52

Shareprice seems to be dropping back this week - I have therefore taken advantage and more than doubled my stake.

Technically they do look oversold.

[richgit] 13/2/2015 00:04

My Garden Gnome knew Greece was bankrupt when it joined Euroland,so I am damn
sure everyone else did, regardless of the Fraudulent embroidery


We are all hoping they come up with some new Market sleight of hand, which looks like a potential heavily disguised percentage debt write off .

The fact is anyone and Garden Gnomes can do the Maths that Greece would never pay its debts so one way or another the day of reckoning eventually arrives.

To contradict my above statement,99% of My Friends & Family believe we can all print endless debt because nobody would dare call it in.

In this situation with Greece-they could be right,yet if so- anyone thinking of jumping on the Bandwagon may have to avoid Planes,Windows & Nail Guns.

The last notes I copied re Greek debt are from 2012.



"The May 2010 Eurozone/IMF loan: €110 billion
The October 2011 Eurozone second loan: €130 billion
The Bank of Greece TARGET2 liabilities to the Eurosystem: €104 billion
Greek banks’ liabilities to other nations in the Eurozone: €130 billion
Greek new government bonds held by non-Greek Eurozone/EU banks: €25bn (roughly; possibly more)
Plus Greek corporate and household debt held by non-Greek Eurozone banks

This is at least half a trillion euros of debt to other countries"

[richgit] 11/2/2015 09:01

The easiest way to pick up parcels of stock here,is to wait until the T+ merchants that keep getting their timing so wrong - hand the stock over.

Their time will come-but certainly not yet.

It isn`t just the case here of course.

The events looming will be very interesting,

The Ukraine is close to bust as all await to see if Germany France & others
are going to allow the US to supply the Ukraine with WOMD and push Putin to the point of total despair as He sees no sense or ounce of trust left in the West -yet who is going to supply the Ukraine with more $Billions of debt ?.

As the US started and financed the mess in the Ukraine with circa $5Billion,then
maybe Obama should step up to the plate and provide the $Billions they need,as
We wonder what the US traded for the Ukraine`s disappearing Gold.

This has already cost Euroland very dearly and all for nothing,as they had the chance to embrace Russia and lift the Euroconomy from the pits until the US War Freaks stepped in.

On top of what the Ukraine needs- Greece needs a lot more,and whichever way they
they try to force Greece into some compromise-there will be huge costs.

Then we have the India potential.

It could all lead to Fireworks a lot earlier this year,yet we know that the day
Gold just gets into the $1400 range any remarks from OMI that the Gold in the ground "could" be sufficient for many years to come-will then have an appropriate reaction.


It is merely a War of massive worthless Paper leverage against the fact that
the East want the Gold....and not because they are stupid (unlike the West).

If the theory debt doesn`t matter-then why does it have so obvious horrendous repercussions ?

Paper IOU trashing is certainly speeding up,as We can only wonder if someone will try and print more of a paper IOU valued at near 0,and then the reality of debt matters.


There is a countdown coming this month,so we will see how they deal with it.

[dogberry202000] 09/2/2015 16:45

keep going, Richgit. Like jwe said earlier, you are the only reason for visiting this thread to get your take on events.

[rhuvaal2] 09/2/2015 09:14

ug'minor ~ I'm glad to know that you're still alive and kicking :)

[undergroundminor] 09/2/2015 08:59

I think that in the Uk the prison population is counted as employed (as it is in the States). At least to the extent it is working in the City.

[thecynical1] 09/2/2015 08:24

does the prison population count as employed?

[rhuvaal2] 08/2/2015 17:08

Jim Clifton produces a stark reminder, richgit :(

[richgit] 08/2/2015 12:59

Just force all the unemployed into some Walmart run type of Boot Camp employment
agency,giving them $50 per week allowance and the US suddenly has no unemployed.

Of course the reality is -the quality of jobs -not the quantity,for at this
rate of shennanigans the US will head faster to insolvency,yet be reporting
less and less unemployment.

Even Lockhart smells the fish..................


Employment progress...may be less than meets the eye," Mr. Lockhart said Friday. "There are still almost 7 million workers counted as employed who say they are working part-time involuntarily

[richgit] 07/2/2015 16:07

I suppose the only members of Mankind that don't understand and embrace the
benefits of fraud and corruption are really those that are kept too stupid
or fearing


Wakey-Wakey, We have a new adventure proposal for you.

"I have been peacefully asleep as a non-participant for a Quadrillion years
and have read your proposal.
It cautions that My adventure could involve being imprisoned and eaten alive by Hannibal the Cannibal or a comparative scenario of being born an enemy of the US elite,or simply one of an existence that merely begs to eat.


The chances I will be a Bill Gates or enjoy the pleasures of being a Hugh Heffner are virtually 0,so let me go back to sleep and eternal peace, where
I face no such nightmares !

We are offering you an adventure as - one of the Elite !.

"Now you are talking- when can I start ?"

We will arrange it,yet firstly We must ensure that amongst other things,you
will have an obscene amount of Gold to fund your Elitist adventure.

[richgit] 06/2/2015 23:53

The reality of the Fed`s pure fantasy lies.....


"Years of unending news stories on U.S. government programs of surveillance, rendition and torture have apparently chilled the speech of even top business executives in the United States.

Yesterday, Jim Clifton, the Chairman and CEO of Gallup, an iconic U.S. company dating back to 1935, told CNBC that he was worried he might “suddenly disappear” and not make it home that evening if he disputed the accuracy of what the U.S. government is reporting as unemployed Americans.

The CNBC interview came one day after Clifton had penned a gutsy opinion piece on Gallup’s web site, defiantly calling the government’s 5.6 percent unemployment figure “The Big Lie” in the article’s headline. His appearance on CNBC was apparently to walk back the “lie” part of the title and reframe the jobs data as just hopelessly deceptive."


And then the hidden reality.....................


The reality of what I believe will one day lead to a frenzy,and whilst fairly pathetic compared to the situation that went for $1000 +,it is just the beginning....

Noted by John Ing

"We just saw two acquisitions, one of them by GoldCorp, for $120+ dollars an ounce because the only available gold supply in the future is going to come from the mining companies. On one of these acquisitions the company didn’t even have a feasibility study available".

[rhuvaal2] 06/2/2015 23:20

BigT I know what you mean, but it still might be the case :)

[bigtbigt] 06/2/2015 21:12

I disagree. The truth is out there...

[rhuvaal2] 06/2/2015 20:08

jwe = I am inclined to think that richgit is in fact quite rich = make of that what you will :)

[bigtbigt] 06/2/2015 16:29

Lets ignore the TOTALLY CONFLICTED Insider Information

[jwe] 06/2/2015 15:01

A couple of relevant posts...amazing
Richgit-please do NOT stop posting,you are the only reason i occasionally read this thread,most entertaining

[undergroundminor] 06/2/2015 14:43

When oh when will EK understand the impact that grade has on cost per ounce, and therefore on whether a deposit is commercial, and on the cash flow?
When will he remember how long it took and how much it cost to get Arenal and then Arenal Deeps into production?
Did Mr Marcet discuss either of these with EK? Unless he did it was a useless/misleading conversation.
Lets ignore the Insider Information!!

[rivaldo] 05/2/2015 09:24

Interesting commentary from EK last night:



"I got a call from Pablo Marcet, the exploration geologist at Orosur (OMI), this morning. He was in effect part of the package that comprised Waymar the Colombian prospect acquired by Orosur last year.

Dealing with Colombia first, it is clear that Pablo reckons that there is a really good mine in waiting. However, and being realistic, the well trodden steps of establishing a resource, preparing a feasibility study and financing production equipment and plant is a long way off and might cost $50m to $100m. So, in cash output terms, Colombia will just have to wait.

Continuing the approach to Nirvana, and over in Chile, Anilo could throw up summat - at least Orosur is not on the hook financially. However, Pantanillo is a different project in that it could be 1m+ ounces. There is the problem that it is up 4,000 metres, which makes it expensive to develop, and, in the end, some form of joint venture financing partner will be required - it is perhaps $50m to bring into production. But Pablo clearly thinks that, gold price permitting, it will happen.

Finally, and back on the money button, San Gregorio should be seen quite differently to how the market now sees it. Currently it is seen as having, say, 3-5 years production in reserves. But Pablo reckons that he can see the life of the mines extended further than current production absorbs reserves. This is because the gold is held in a “granite greenstone” form and could (I am not making this up) go on for centuries.

Please note that there is a provision in Orosur’s balance sheet of the order of $5m to cover tidying up matters on closing down operations: perhaps this provision is not required. All this underlines my point that, given the probable price of gold, Orosur shares are very cheap at 12p."

[richgit] 03/2/2015 20:05

This is the time to be accumulating.

The Greece problem is not going away,as Greece would merely take on more debt
to create the illusion they are paying some off.

It`s the same as having 5 credit cards,with 4 maxed out, so you start using
the 5th to merely pay the monthly interest on the other 4 to only delay the day you cannot pay any - when you finally max the 5th.

There would not be a 6th forthcoming




The end game.