Orosur Mining Share Discussion Threads

[rhuvaal2] 27/3/2015 15:03

Indeed, but there are more modern fixatives these days :)

[bigtbigt] 27/3/2015 13:44

I admire the fact this guy has great courage in his convictions.

As did Icarus

[richgit] 27/3/2015 09:22

rivaldo.

You may have read that the $Dollar recently went into "Flash Crash" and was heading towards its 0.

It seems that when the momentum traders have had their fill of the QE driven trade of Japan & now Euroland falsely pumping up stocks, many will turn to investing in China as the only safe haven.

And what does China buy...... Gold !!!


I didn't make this up-nor can I check the maths.........


"
And at the moment, the US stock market is – according to at least one highly-respected valuation measure – more expensive than it has been at any time since just before the 2008 crash, and the 2000 tech bubble bursting.

This is all happening at a time when the underlying economy remains really very fragile.

For example, on a national level, America is drowning in debt. US government debt now stands at an incredible $17.9 TRILLION. It's such an absurdly large amount that it's hard to imagine it. So think of it this way…

The average US salary currently stands at $44,888.16.

So in order to pay off America's $17.9 trillion debt, it would take more than 398 million years of working at the average wage "



It seems the US puppets in the West are finally turning their back on the only
thing the US can offer us (the Body Bag Economy)and backing China that so far does its Business without rivers of blood.

We can of course bet that the US ramp up the Night Monsters with more body bags
somewhere and our Governments become enslaved to waste more of our fragile future on More US made weapons of destruction which is about all the US offers us.

That only feeds the Elite that are destroying (killing) us,and making their own financial killing from the industry of death .

The slim hope is that maybe Obama is starting to wise up to the War Crowd & NATO
nutters,and reminds Himself the US do not win Wars, as someone reminded as examples -Korea & Vietnam as testament to the fact.


I note that in War games the French Nuclear sub destroyed the US`s latest floating unsinkable death machine and all protecting Her, and I would hardly put the French above Russia`s capability in real or imaginary War.

This is a US that has lunatics thinking they could survive a Nuclear first strike against Russia - that- before the US War freaks moved into Ukraine- was only interested in doing Business with us all.. that We would all have benefited from and that would have included the US that has no real economy bar debt printing and War !!!! .


How can we possibly support such total lunatics, which US citizens should
demand are charged with nothing less than Treason,as the Nuke Nulands run the
percentages of US Deaths in their favour of a first strike.

They would if they knew the truth, yet with 90% of US Media in the controlling hands of a few - what chance do they have ?

At some point the Men in Dark glasses will arrive on the doorsteps of anyone using the internet to break that 90% media hold,as they wipe out all History
via Google and enslave us all to Propaganda and total mis-information.

My message to Elban would be - "Get your cash out before the Banks tell you
you cannot withdraw more than £9000 without be accused of money laundering, or
whatever, or being visited by the secret Police.

[rivaldo] 27/3/2015 07:24

This is encouraging.....



"March 26, 2015 14:57 ET

Paul H. Stephens Announces Acquisition of Equity Interests in Orosur Mining Inc.

TORONTO, ONTARIO--(Marketwired - March 26, 2015) -

Paul Stephens ("Stephens") announces that he has acquired 4,572,000 common shares of Orosur Mining Inc. ("Orosur") (representing approximately 4.73% of the outstanding common shares of Orosur) at an acquisition cost of Cdn.$0.15 per share.

As a result of this acquisition, Stephens currently owns directly or indirectly, an aggregate of 8,583,125 common shares representing approximately 8.88% of the outstanding common shares. The common shares were purchased through the facilities of the Toronto Stock Exchange. Stephens, as portfolio manager at Stephens Investment Management, LLC, also exercises control or direction over 3,301,000 common shares held by Orphan Fund, LP; thereby collectively owns, or exercises control or direction over, 11,884,125 common shares representing approximately 12.3% of the outstanding common shares.

The common shares were acquired for investment purposes. Stephens has a long-term view of the investment, and Stephens does not intend at this time to acquire additional shares, but may acquire additional shares either on the open market or through private acquisitions or sell the shares either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors."

[rhuvaal2] 24/3/2015 12:56

Press the appropriate key and see how others judge 'augustusgloop' contributions....

[gekks] 24/3/2015 12:33

What Traders ? Have you seen the volume of trades that has caused this drop ?

[augustusgloop] 24/3/2015 11:58

Looks like investors are finally catching on about what's going on here.

Why buy shares in a company that is never, ever going to return any money to shareholders?

OK for short term traders - not investable for longtermers.

[augustusgloop] 23/3/2015 11:58

yep - but unless you owe money in a currency that you can't print then you can not be insolvent.

In fact because of QE - not only can they print money to pay their debts but a considerable amount of their debt is owed to themselves.
They printed money to buy their own government bonds.

[rhuvaal2] 23/3/2015 11:47

Presumably until some countries start using alternative currencies............

[augustusgloop] 23/3/2015 11:36

richgit,

how can the US be insolvent when they owe money in dollars?

They can just print the dollars to pay off the debt.

When a loan becomes due - if they don't have the money to cover it - they can just print some more.

The USA is the one country in the World that can not possibly go bust.

---------------

[rhuvaal2] 23/3/2015 10:44

Post from Aleman on the GVC BB. (my best income stock with a mighty hike in dividend today)

My track record with currencies is poor but I was interested to read that the Atlanta Fed has reduced its forecast for Q1 US growth to 0.3% due to the headwind of the strong $. Given the $ index rose 5% in Q4 and has risen another 10% in Q1 that would suggest the USA is headed for recession in Q2 and Q3 and that much touted rate rise will get cancelled altogether. So how much of that 15% rise will reverse? The $ index has given up about 3% in the last couple of weeks and I suspect it has quite a bit to go.



This chart shows the sharp deterioration in US growth forecasts. How did they get so high in the first place?

[richgit] 20/3/2015 08:54

This is why the US is insolvent,and all else is total hogwash.
Anyone that has been in Business or that can do basic Maths can see it.


US plc loses $5Trillion a year on circa $21 million GDP which they airbrush with false accounting to reduce the headline figure by $4.5Trillion.

$120 Trillion of future liabilities + the debt ceiling about to be raised
to $18+ Trillion !!


"Some officials are worried that the share of Americans participating in the labor force remains near the lowest levels since the 1970s.
The low numbers could be a sign of deeper slack that limits stronger wage gains, keeping inflation below the Fed's target even longer. In addition, the share of Americans unemployed for more than six months or stuck in part-time jobs remains elevated."

Add to the above that Part-Time lowly paid Jobs are a far greater percentage
than the 1970`s and we see that a US economy relying on those consumers is
is going nowhere bar piling up more and more debt to fill the black holes.

In reality the $Dollar should be valued as Confetti as the US has only negative assets,yet ironically bags of Confetti may outpace the real $Dollar value
in years to come.

How on earth are those in Part time jobs going to support Retailers etc,
when so many Americans are on food stamps and in debt up to their eyeballs ?

They would simply have to somehow "give" money to the Consumer, and that was no doubt the theory of the Oil price smash, which has resulted in thousands of lost
Jobs in Oil shale ,which was the one sector increasing jobs.
Hidden from the headlines - huge unpayable debts in that game.

If the velocity of that idea has run its course and the Consumer saves or simply doesn't spend their Fuel savings then there is nothing left which will
very soon cause more Retailers to close marginal outlets.

If I worried about interest rate increases on Credit Card debts etc that I struggled to pay,then I would save every cent possible to pay down debt or have some savings ready for the increasing US Policy of reducing any funding to those that lose their jobs, that now in shorter time lines of any financial support are classed as off the job seekers register ( and not unemployed).

Not unemployed !!- These are US Citizens and ex Middle Class simply thrown to the Wolves as the Elite become beyond disgustingly rich and the US wants to spend more debt on Machines of War & death and to hell with the Unemployed
middle class living in the gutter.


The emphasis for such hopeless economics should be soaring exports to create any
genuine earnings for UIS plc, yet with a strong $Dollar there isn't much scope to improve upon a declining circa 30%.

I suppose they would pray for some more War and terrorism so they can sell us all more weapons of death in Victoria Nukeland`s & Nato`s scorched earth Dead Hands.


Enough said.

[richgit] 19/3/2015 09:39

The Greece situation is becoming explosive as the ECB Headquarters goes into lock down with the potential riots.

If it was the Fed`s fears that the $Dollar could march to levels that would further destroy exports and much else around the Globe of painful $Dollar denominated debts, then their plans could be smashed by any potential Euro collapse on the Greece situation.

Seems to me,they have to somehow wipe away a big portion of the Greek debts
and kick the can down the road- or face the fallout of a Grexit.

Slicing Greek debts could send a firestorm to Tax Payers in other parts facing austerity - Spain.Portugal,Italy etc- that would assumedly have to pay their imposed chunk of any Greek debt write offs.


Gold will be far ahead of the game in Euro terms and much else,so only then
has to do marginally pro-rata better against what would be a rising $Dollar again, until the $Dollar then collapses from absurdity.

The Fed looks totally trapped, as all the repercussions of rigged Markets and
all else become uncontrollable.

[richgit] 19/3/2015 09:09

rhuvaal2.

They have Paper Gold to themselves for a while ?!

Who would want to now risk their money playing in the margined Paper Gold arena when the manipulations have been so criminally blatant ?

That leaves Dracula & the Vampires and whichever hedge funds they can suck in as more and more other players avoid Paper Gold which is left to the manipulators and far less other players.

At any point that supply of available Gold struggles to supply Physical demand
that would be the point premiums start to give the game away and sovereign buyers that want/need more Physical Gold will be very aware they have to accumulate before others see that supply is getting tighter and tighter and then premiums give the game away.

Russia and China dumping $Billions of dollars-and will a portion of those $Billions be secretly going into Physical Gold ?

Any surprise event or maybe a Grexit could suddenly blow premiums far beyond rigged Paper Gold prices and then those past Margin players could move into Paper Gold at a point they know they can totally destroy any hedge funds holding shorts,so that is the smoking gun for Hedge fund shorts to fear.

Dracula covers itself with its Longs,so it is others that would be hit in the carnage.

We have a US economy that is falling apart along with all the problems of a
potential Grexit,and Bailins that will become more frequent until they cannot
keep them off the headlines.

It doesn't matter how they hide the fact that Greece is totally Bankrupt, as their unpayable debts simply have to hit someone at some point.

Are the S&P500 & Dow bulls simply ignoring the collapsing US economy,or thinking another QE is on the cards.I guess if money remains cheap we will see more squandering on stock buy backs to massage PE`s.

The Oil shale game must be handing over thousands of job losses and some huge
debts being written off by someone.

As someone pointed out- If all America`s assets were sold off the amount raised would be a fraction of the true indebtedness,so what on earth is the game plan !!


As Mr Rickards keeps pointing out- It will be the unforeseen event that
causes the mayhem and when a "no risk" Bank can face a bailin, there are potentially thousands of unforeseen events out there that will need more printed money to cover up - until the big one !!

[rhuvaal2] 18/3/2015 09:40

Must say I do like the "dead hand of Body Bag dictatorship"......

[richgit] 18/3/2015 08:44

There are reasons for optimism as maybe the West is starting to wake up to the fact that a declining US economy offers us nothing bar those in the US that only offer us the dead hand of Body Bag dictatorship.

I think anyone fined for breaking sanctions re Cuba should ask for their
Fines to be refunded, yet the day Cuba lets America get its foot planted on their soil is the day they are doomed.

Hopefully one day in the future US Citizens will kick out the Nuland cloned War freaks,yet for now it is the West that needs to turn their backs on those so
dangerous to us all,as the nonsense against Russia is as stupid as the engineers of prohibition - and has cost the West very dearly.

Prohibition and the totally wasted War against moonshiners tells us how Psychotic the US can be.

France, Germany, Italy,Australia,Singapore,India,New Zealand have all agreed to follow Britain’s lead and join a China-led international development bank, according to European officials, delivering a blow to US efforts to keep leading western countries out of the new institution.

We have to consider that it doesn't matter where the Gold has come from to
feed the paper suppressions,and supply China/India & others-as all that Gold has gone.

Gold is now at its lowest real price in decades in the face of all those devaluing IOU`s that laughingly offer unpayable debt as the asset.

It cannot continue, so when this breaks the supercycle slowly commences.

Orosur seem confident they can sit this out,which is all they need to do until
there is realisation that the Company is valued for nothing,in fact negatively
valued by quite some multiple.

That offers potential substantial upside, yet not for T+ traders who become
the next seller.

IMHO

[saud2237] 17/3/2015 10:15

Take a look at RRR. News imminent this week and see hxxp://t.co/NZkjwbinXV

Colombia (SALE WILL GENERATE MORE THAN CURRENT MCAP)

Further to the announcement of 2 March, the buyers have notified us of a planned execution date for all parties next week. Red Rock has commissioned legal opinions in the Cayman Islands and Colombia, which are a requirement by the completion date, and expects completion to follow shortly after execution.

Ivory Coast

Results from 648 composite samples at Dabakala and 238 samples from Alepe have been received, and are being analysed and mapped by the Company and its advisors, following which an announcement will be made.

[augustusgloop] 15/3/2015 16:53

Totally wrong!

How can America be broke?

All their debts are in dollars - and they can print as many dollars as they want.
therefore its technically impossible for them to be broke.

If they owe 20 trillion dollars - then they can just pass legislation to create a $20,000,000,000,000 note.
Print it, pass it to the FED, who can then electronically pay all their creditors.

Job done.

[richgit] 15/3/2015 11:40

Reality,as We all wait for it to be exposed.....

Bob Adelmann ( New American)

During his annual trek to Washington, D.C., to lecture Congress on its spendthrift habits, Boston University economist Laurence Kotlikoff took the gloves off this year. He dressed down Senator Mike Enzi, chairman of the Senate Budget Committee, along with the committee's members:

Let me get right to the point. Our country is broke. It’s not broke in 75 years or 50 years or 25 years or 10 years.

It’s broke today.

Indeed, it may well be in worse fiscal shape than any development country, including Greece.


It isn’t just Enzi, or his committee, or the present Congress, that’s responsible for a fiscal gap that’s vastly larger than that projected by the Congressional Budget Office (CBO). It’s the idea that the country can borrow without limit because its past profligacy has not only been ignored but has been papered over by inaccurate and incomplete accounting by the CBO, the General Accounting Office (GAO) and the Office of Management and Budget (OMB). According to these agencies, the national debt held by the public is just 74 percent of the country’s economic output, or GDP. Put that way, according to Kotlikoff, the United States is in pretty good shape, and there’s not much to worry about.

Said Kotlikoff, “The CBO is, in my opinion, deliberately misleading the public and Congress about our nation’s true fiscal condition.… [The real fiscal gap is] 16 times larger than [the] official debt, which indicates precisely how useless official debt [numbers are] for understanding our nation’s true fiscal position.”

According to Kotlikoff, the government is 58 percent underfinanced. Not only is that worse than Detroit, just before it went bankrupt, it’s worse than Social Security:

The Social Security system, taken by itself, is 33 percent underfinanced. Another comparison is Detroit prior to declaring bankruptcy. The city appears to have been roughly 25 percent underfunded.

Hence, the U.S. is in far worse shape than was Detroit before it went broke.

Kotlikoff uses “fiscal gap accounting” and “generational accounting” in an attempt to get his arms around all the promises the government has made, whether “on books” (such as Treasury bills, notes, and bonds), or “off books” (such as Social Security, Medicare, Medicaid, and the Prescription Drug Benefit). He then compares U.S. government promises to expected government income from all sources: taxes, fees, tariffs, interest payments, payroll taxes, and so forth. The fiscal gap, instead of the highly misleading (he says) number issued by the CBO of some $11 trillion, is really $210 trillion.

The fiscal gap, Kotlikoff told Enzi’s committee, “tells us the fiscal burden that will be imposed on today’s and tomorrow’s children if current adults don’t pay more to, or receive less from, the government.”

And that gap is growing by $5 trillion a year, not the paltry half trillion the CBO reports. He likens the national debt — the real national debt — to a gigantic federal credit card on which the government is making less than minimum payments every month: “If we fail to pay [even the interest on it], the fiscal gap will get larger.”

In 2003, the fiscal gap was $60 trillion, but today, thanks to profligate politicians concerned only about the next election, that gap has nearly quadrupled. Increases in social programs and, especially, the prescription drug expansion bill President George W. Bush signed into law in 2003, have accelerated the country’s fiscal gap to mind-numbing size.

It’s also put the United States at the bottom of a list of financial stewardship as compared to major European countries. And of that list, the only country with a favorable fiscal gap is Italy. Explained Kotlikoff:

What explains Italy’s ... [favorable] fiscal gap? The answer is tight projected control of government-paid health expenditures, plus two major pension reforms that have reduced future pension benefits by close to 40 percent. [Emphasis added.]

That will have to happen here, too, unless taxes are raised by almost 60 percent, starting tomorrow, says Kotlikoff. Putting it off will only mean greater cuts in benefits and higher taxes in the future.

Politically speaking, nothing of the sort is likely to happen. Politicians run on promises to provide more, better, greater, more expansive benefits. Politicians running on a platform of much higher taxes and much lower government benefits will have a very short and unhappy career.

Part of the answer, according to Kotlikof, is enactment of a full-disclosure bill — the Inform Act — that requires the CBO, the GAO, and the OMB to stop lying and start telling the truth about just how fiscally unsound the government really is. That is based on the premise, espoused by Thomas Jefferson, that an informed citizenry is the first step toward solving the problem. Said Jefferson: “Educate and inform the whole mass of the people. They are the only sure reliance for the preservation of our liberty.”

It’s working in Italy.

A graduate of an Ivy League school and a former investment advisor, Bob is a regular contributor to The New American magazine and blogs frequently at www.LightFromTheRight.com, primarily on economics and politics.

[richgit] 13/3/2015 09:24

o/t


Stardrops2.

re The Royal Mint - which may be of interest to others.


The only issue with the Royal Mint is that to get the vaulted service you
have a choice of packs of Gold Sovereigns starting at circa £4500 or like We did
start with 100g bars at circa £2600..

If you desperately needed to sell something it means you either have to sell
a whole tube of Coins (£4600) or as I prefer one of your 100g bars (£2600) so it is handy to have some 100g bars for that possibility

If you want Silver then the Royal Mint is not so good as they wont vault it as I
originally understood,so we had to take delivery of some Silver Bullion coins.
I am looking for someone else for Silver as We don't want to take responsibilty for storing beyond having some at easy reach.

I personally don't know who to trust for vaulted Silver and would be interested in opinions,as I would go with Sprott yet not having any Crystal Ball I just
don't know how the future $Dollar or Canadian $dollar will twist things when
I will need £`s in worst case scenario of having to sell some.



Simon C ?

[s0lis] 12/3/2015 20:06

Since no one will buy T bonds, QE will continue, but the winners will be China, Russia and India. China's doing nicely