Orosur Mining Share Discussion Threads

[rhuvaal2] 19/4/2015 17:16

For sure, the markets are exceedingly expensive right now...

[augustusgloop] 18/4/2015 21:29

I did point to shares that prospered when the market was strong and undervalued.

My advice now is to stay out of the market.
There is no value.
Sometimes not losing money is the best advice!

[rhuvaal2] 18/4/2015 20:01

It is a grand shame, then, that you're unable (as an analyst) to guide people to where it is likely they'll power ahead and prosper with your special talents.

[rhuvaal2] 18/4/2015 16:45

and why would anyone read or listen to your posts augustus'' you must be a social worker with an incredible agenda: year in and year out you hammer away at certain BB's. You'd get a better return by volunteering at your local hospital.

[augustusgloop] 18/4/2015 01:24

What's the incentive to invest in a company that never pays a dividend?

Ok whilst they are prospecting and building the mine.
Ok in the first couple of years as they get to their feet.
But after they have been mining for many years - having taken out about half a million ounces of gold???

The gold in the ground just gets less and less - and the remaining gold gets more and more costly to dig out.
Why would anybody invest in such a company?

Even if you believed in the promises of jam tomorrow in year 1, surely you should start questioning by year 3 and be totally bloody sceptical by year 8.

[sleveen] 17/4/2015 15:36

Indeed, but OMI isn't one of them!

SRB, SHG both better bets.

[richgit] 17/4/2015 10:58

A simplistic observation is that, bar the last hapless traders,no other holders can afford to sell and certainly not in any real volume of stock,as those that were for selling did so in the huge manipulation of Gold in 2013


I merely imagine if a trickle of just 5% of underwater holders decide it is time to buy,and that in turn kicks another 5% into action. ?

If such an event happens, and for good reason,then arguably there would be
a demand from Millions of underwater shares.

Management believe they have plenty more Gold at their feet,and even suggested decades more to feed Gold production,and none of that takes into consideration
the Gold at Pantanillo (Anillo ?).and Waymar that Continental Gold may put on the radar.

We are now not even valuing some diggers.


As I watched Baltimore enter the FTSE100 and then collapse beyond 99% along with
Infobank valued to the Moon and then saw its last few £Million stolen, and of course the absurd £5Million in the Bank-Knutsford Group valued at £850Million,I can only imagine how absurdly some Gold stocks are now undervalued.

I am sure many know that if overvalues can go beyond 100 times real worth,then so can undervalues by equivalent and not an unreasonable scenario in possibly the worst Sentiment “ever” !!!!

Sentiment can change so fast.


If so- there are some potential –Multi-Multi baggers out there !!!

[richgit] 15/4/2015 09:00

The problem we have is simplistic,

At this point the ruling currencies are $Dollar,Yen.Euro,GBP,and the World simply doesn't know whether any part of the $Quadrillion derivatives time bomb
could send any one or all to the cross cut shredder, as per History.


Mix them all up and produce a paper IOU -call it the Dolyeneurog-and what
we have is a note supported by immense "debt", that doesn't know
what else could then further destroy its value.

Who is going to accept that as something that can possibly replace what we have in any crisis ?

The only thing that can support the mix and prop it up would be Gold currency
valued at somewhat far beyond $5,000 per ounce that has no debt time bombs to collapse it- or printing presses.


The fears of the BIS of including Gold as an acknowledged currency simply have
to be faced at some point no matter how the Gold currency embarrasses trashed Paper.

China, Russia and others already use it as a trading currency,and hedge currency/asset.

Those that have it - wont fear it.


Whether some are desperately hoping to default on Gold at $1000,I do not know
yet there is certainly a huge attempt that so far is failing.

If the Gold is becoming scarce then quite obviously if they could engineer such
a default price- they open the floodgates from East & West to buy every ounce that can be grabbed before some Western Central vaults are either totally emptied or put up the "Not for sale " signs.

Who wants to sell Gold at $1000 that will eventually be re-priced by multiples ?

I suggest that $1000 Gold would be the trigger for chart manipulations beyond
all the Gold Cartel now, and just maybe that is $1200.

I certainly hope I have any Money for Gold at $1000 and correspondingly ludicrous bargain in Silver.

[augustusgloop] 14/4/2015 20:05

Given that over the time period that they sold 400,000 ounces of gold - they have never paid a dividend and have less net cash now than at the start. Their assets are worth less (less contained gold and harder to get at) AND they raised money in a placing.

Clearly their all in costs in this period must have been HIGHER than the average sale price per ounce. [You don't have a deteriorating financial position if you earn more than you spend.]
Since the average POG during this period was over $1,350 - why should we now believe that the all in costs are now substantially less at $1,132 - when the best gold pits have been exhausted?

That's the trouble with these small gold miners - common sense and basic mathematics never match the claims of the directors.

[undergroundminor] 14/4/2015 19:11

Results are as close to a pile of pooh as you can get.
Cash net of borrowings down significantly. Large creditor balances unpaid.
But no information on what matters; the ore still available at Arenal Deeps and its grade.
Even SC/EK must realise that these guys NEVER tell the truth.

[sleveen] 14/4/2015 08:34

$90 /oz profit after AISC deducted from gold price received.

Not good.

[richgit] 11/4/2015 15:20

Some rules that regrettably take a lifetime to learn and can only be passed
on by those well into that lifetime.

When a Bank Manager tells you it is good to borrow and slips you the forms to
sign-look for the hidden handcuffs.

When a Government tells you the same- look for the strait jacket.

When ALL say buy property- sell !!

When Banks wont accept property as Collateral- Buy !!

No doubt we should sell Gold when all have bought-yet that will be quite some time away in what should be a continuance of its supercycle, and God
knows how high that could propel Silver from the clutches of obscenely blatant manipulation and price suppression.


IMO

[richgit] 11/4/2015 14:47

For those that have followed the Gold story...

They were facing a Gold crisis in 2013 so used the only fraud available,a
massive 400 tonne short into Paper-No Gold,which released the only Gold available from some ETFs to delay a Physical Gold crisis.

As Rickards pointed out - they can only do that the once !!!

We know 2 Banks defaulted on their Clients` Gold.

In circa 1999 that event was the most public auction of Gold in History by
the Bank of England auctioning Gold they already did not have which I believe
they borrowed from Saudi Arabia as arranged by Clinton.


They continued what started in 2011 of shorts,and supposedly illegal, naked shorts in all the Gold Major stocks to totally break the sentiment,which then easily broke the sentiment in the smaller stocks.

They desperately tried to get more producers to hedge around $1200 with all
the threats they would take Gold down to $900,but that did not work.

I read that when JP Morgan faced their Silver crucifixion with the Bear Sterns
situation they of course shorted Paper Silver beyond belief to drive it down
from the $30+.

Others in the West should face up to the fact that a US staring at being
more bust than Greece, without their printing press,is now dangerously desperate
to create a - We will take you all down if We cannot play at being God-even
to the point of risking who would survive a Nuclear War.

This will never happen- Yet if truth was still a freedom to out,then all those
that paid £12 for POG shares could try and sue the Fraudsters that pushed them down to 5p.

That of course would be the floodgates for every Silver and Gold Miner,every
Country, that has suffered from the Fraudulent Manipulations, to sue for every lost cent that all the Fraudsters have banked -from their losses.

I wonder what the US has threatened and blackmailed Merkel with,and can only
wonder if it is connected to Deutsche Bank and its exposure to leveraged derivatives several multiples of German GDP.

And who is exposed to Greece ?!

[augustusgloop] 10/4/2015 10:23

Richgit,

But 20% VAT paid immediately on purchase of your gold bars is surely a disincentive.
Plus the cost of storage.
Plus fees on sale and purchase.

Plus, if your gold is in someone else's vault - and the economy goes to hell - how do you know that the Govt will not imposes a penal tax or simply just take it?
Would you trust Labour not to place a 97% tax on such profits in a time of panic?

[richgit] 10/4/2015 09:43

Elban.

The only problem with Gold at Home is how to insure,and do you trust that
no undesirables with baseball bats & stockings can ever get hold of such information (depending on how much you are talking of course.)

Exposure to a selection of Gold & Silver stocks,and maybe some 100g Gold Bars
vaulted at the Royal Mint circa £2600 each which are the minimum you can buy
and sell with them.
Disappointingly the Royal Mint don't yet offer vaulting for Silver.



Bullionvault.com looks worthy of consideration for both Silver & Gold for most non Billionaires.

Some emergency cash under the bed,along with some Silver Bullion which is easily cashed at any decent Bullion dealer for any desperate moderate amounts of funds

These are only my opinions of course.
.

[augustusgloop] 09/4/2015 22:11

Is your money safer in an Austrian bank - or as gold bars in a Hatton garden vault?

Are both much safer than keeping gold at home?

[rhuvaal2] 09/4/2015 22:05

And yet all regular investors push the indices higher and higher into euphoria :)

[richgit] 09/4/2015 21:50

A month ago nobody would have believed that Austria would be preparing for more bust Banks.

Time for savers there to clean out their accounts and get some trusted Gold
vaulting ?

Who next ?


"Bank deposits in Austria will no longer enjoy state protection and a state guarantee in the event of bank runs and a bank collapse when legislation is enacted in July. The plan to ensure that the state is no longer responsible for insuring deposits has been readied by the Austrian government in conjunction with the EU two years ago"

[richgit] 09/4/2015 16:42

The Fed play Elvis all day long- "caught in a trap"

They don't know what to do,whilst juggling the Markets,Currency,and Gold like
some Yo-yo.

The same repeated nonsense from their Propaganda team, yet selective highlighting depending what they think they want.

Anyone buying Physical Gold knows exactly what bargain they are getting,and why
they buy it-and most certainly will not stop buying.

The Fed`s Hysteria reminds them why whilst those High speed Computers will
blow a fuse one day and then Humans wont know what the hell to do.

[richgit] 06/4/2015 14:39

Elban,

I will vote Conservative as I always have done,and because there is nobody
that offers me reason not to.

I cannot help but hope that Mr Farage gets some equalised votes from disillusioned Labour & Conservative voters to keep alive the debate about
the unequal European trade barter scheme,and all the costly loss making baggage that comes with it.

Personally I am convinced that we lose money on all the bartered trade balance with Europe and the endless impositions of supporting non-profit turnover and the endless costs of membership in all the hidden formats.

Turnover that loses money is the most destructive false vanity of chasing
turnover for turnover`s sake,unless there is some other offsetting gain in purchasing power etc.


I faced that Myself many times and even as recent as last week came to terms
with the fact I lose money on one of my longest held best Customers whereby
all the emotions of not wanting to lose the turnover now face every calculation
that the turnover from that Customer now loses money, so I am now financing a Customer with no offsetting synergy.

There are many out there that will still compete for money losing turnover in
the falsity of Growth at any cost with the not illogical argument you cannot be in Business without turnover ,yet that puts off the day when you wont be in business because there is insufficient profit in the turnover.

It`s all down to UK Management to identify the right Business,and where the
profits will be, as bartering meat and wine with the French isn`t exactly our
next powerhouse export, so what can We sell to China, Russia, India etc- at profit-is more our future, as certainly the insolvent wont be spending more with us.

Cameron/UK plc won some brownie points with me in the 2 fingers to the US
that tried all their threats to stop us joining with China`s plans of Business
without body bags.




Amen.