Orosur Mining Share Discussion Threads

[richgit] 03/7/2015 09:53

From what I gather,so it may not be 100% correct

They cannot announce that Greece has officially defaulted as that would
trigger the default swaps,and the winners of such a situation in a 10-1 leveraged CDS equivalent 3.4Trillion scenario could never be paid unless the ECB print another mass of IOU`s.

How do Deutsche & JP Morgan deal with this ?


If Greece stays in the Euro then somehow they will have to fudge the debts that
cannot be paid and the ECB (which is already technically insolvent) will have to take the debt into their account or maybe the IMF steps in to take a huge part.


Those that argue debt can continue should look at Puerto Rico where Washington
stated they will NOT bail them out- so curtains for some

Greece is another case where debt cannot simply continue as someone has to take
the hit and if Greece was declared as an official default,its debt expands 10 times in the derivative swaps Market.

That`s the time bomb of debt in a World leveraged to the hilt !!!

So who doesn't want Silver & Gold - that cannot be printed !!! ?

[richgit] 02/7/2015 21:48

How to support the Fed and keep those Consumer spending figures up

GET A CAR FREE FOR 6 MONTHS (and maybe 12)

Simply put your cross on the 72 month car loan docs and drive away.
No payment will go out of your bank account until the 7th month,and you can trust the deal as the loan is with the FED.

The dealer gets paid by the Fed once you have signed the loan and the Fed can
notch it up as another vehicle sold to one of its millions of happy to spend Citizens.

If for any reason you decide you don't like the vehicle then return it before the 6 months is up and the loan docs are shredded, at which point the Dealer
asks-"Would your Wife would like to sign up for one today on the same terms?".

The Dealer is delighted as even if you return the vehicle, they have been paid by the Fed and that vehicle now belongs to the Fed.

Anyone that thinks my idea is daft should see the facts of what is truly going on.



It`s hard to see how they can keep all the cons going,yet We cross fingers for some miracle

[richgit] 02/7/2015 09:47

Kiwi

Regrettably this one period of mess that whilst we would love Gold to break out
by the $200+ it no doubt wanted to--nobody including all the East wants to see
total financial destruction, so they are all in this Market Manipulation to try
and convince everyone they have control of this debt crisis.

The $Dollar has flash crashed a few times recently so what does that tell us about the real situation?

Gold soaring whilst Greece implodes and Puerto Rico goes bust,tells everyone
things are truly out of control and the last thing the Central Planners want
at this point is a flight to Gold and dumping the illusion of the Dow S&P500 etc and of course that definitely includes China with its $Trillions to yet
dump and convert to more Gold

Medium term they have a huge problem....

If Gold breaks out Silver breaks out,and of course if Silver breaks out
everyone knows it should only follow the break out of Gold and confirms the blatant manipulations if they hold Gold down.

Hence the massive manipulations are in Silver as it would only take a few in the
Markets to wake up to its 30+ year bargain to take out all the Silver that JP Morgan is currently mopping up into their account (350,000,000 ounces !!)

The difference between what the Market is taking in Physical and what is available is not that much judging by what JP Morgan have manipulated into their account ,plus someone (JP Morgan ?) takes all the Silver & Gold eagles from the US mint- after- they manipulate the Silver price down !!?

That`s organised theft on a grand scale.



It is thus so close to exploding that they simply have to keep Joe Bloggs
from buying Physical Silver as an investment against all paper IOU`s and any
falling Markets.


What we want from October onwards is a gradually increasing Gold price
and a prayer they somehow keep the Markets from sudden melt down,or we would
end up Gold & Silver rich,yet a frightening World chaos.

Consider- China etc are not buying Gold because they are stupid or because
they think it will be worthless- they buy it because they know the West is stupid and all its funny money IOU`s becoming more worthless,as no doubt at some point there is going to be a lot more Monopoly money around


IMHO
.

[kiwimonk] 01/7/2015 15:49

As much as i'd adore to see Euroland go completely to the dogs ( which it completely deserves ) and get every economy back to their original currency and stop the crazy communist B.S....
It won't ever happen. The best that can be hoped for is The Blood Suckers like Greece to be terminated.
Gold won't be moved by War, threat of country ruination, demand, supply, only by complete Economic Worldwide Catastrophe and that is as likely as Angela Merkel winning a Beauty contest.

[richgit] 01/7/2015 15:23

If things don't seem to make sense-it is because they don't.

Gold traders thought the logical move would be to get into the Paper Gold Casino
which is exactly what JP Morgan et al were in readiness for and slaughtered them with more Paper shorts & derivatives.
That will please China,as they hoover up whatever they can,as Greeks piled into
the Royal Mint and some manipulator hoovers up all the US Silver & gold eagles

I wouldn't play the Paper Casino of Fraud - with someone else`s money


As Jim Rickards says- They can plan to deal with what they know will or may happen(or think they know) yet it will be the event they didn't see coming that catches them flat footed and facing carnage.

I remember the hot topic E-mail some time ago "Its a good day to release bad news"

Was it a good day for Puerto Rica, as Greece took centre stage and nobody noticed - which as some point out is as meaningful as the Greek Crisis.
Washington says it wont bail them out, so some more humungous debt write off hits for - someone !!

Parts of America going Bankrupt-and yet the hype is all is well.


A good day to buy Gold & Silver,and the reasons will be obvious for the Miners
at some point.

[richgit] 29/6/2015 16:43

They will contain this yet unpayable debt is mounting up, as We already know
the Ukraine wont pay its debts to the IMF,and now Puerto Rico is pleading,and there will be more and more as time goes on.

Some Italian Banks weren't quoted this morning due to the potential freefall,as the stock plunge team and High Speed Computers go into overdrive trying to manipulate everything,and Turn from Gold to Palladium,then Platinum and Silver
and do the rounds again.

Little wonder as they know if Gold had been unleashed months ago it would be
heading to $3000.

They wouldn't have had enough traders to contemplate this backstop years ago yet do these Robots have a -- warning derivatives have are close to igniting the financial Neutron Bomb levels !! ?


Little wonder as they know if Gold had been unleashed months ago it would be
heading to $3000.

We are getting a taste of what is to come where one day they will have to close the Markets to attempt to contain them, and no doubt most of the Banks.

Did the BIS save someone from total slaughter with the recent Gold flash crash ?
One thing is for sure- a lot of Physical Gold has been snapped up and that is more gone from the empty Western vaults.

Even as a non believer I will be thinking- Gawd save us -if the Fed makes the wrong move come September onwards,as the BIS is telling all We cannot support all this debt and the IMF is begging the US not to raise interest rates.

.................................
Puerto Rico on Monday released a report calling for concessions from the island's creditors in order to stave off a looming crash crunch and take steps toward achieving fiscal health.

The release of the report, which suggested a debt exchange that could leave bondholders with less, sent some Puerto Rico bonds to record lows. The price of some bonds sold in 2014 fell to 69 cents on the dollar from about 77 cents last week, according to Electronic Municipal Market Access website.

The U.S. commonwealth owes about $72 billion, nearly 70% of its economic output. Puerto Rico has been struggling with a weak economy and declining population. Despite recent efforts to raise taxes and balance the budget, analysts believe the central government could run out of cash as soon as July, which could lead to a government shutdown, employee furloughs and other emergency measures.

The report "for the first time acknowledges the true extent of the problem," Puerto Rico Gov. Alejandro Garcia Padilla said in a news release. "We must make difficult decisions to meet the challenges we now know are ahead and I intend to do everything in my power to lead us through this time."

Negotiations with creditors will be challenging as there's no U.S. precedent for a move of this size and scope, according to the report, which was written by former officials of the International Monetary Fund. It added that discussion of restructuring the island's tax-supported debt should be coordinated with negotiations already in place with creditors of its public agencies, such as the cash-strapped Puerto Rico Electric Power Authority, which owes about $9 billion, including roughly $400 million due July 1 that credit-rating firms say it can't pay.

[richgit] 29/6/2015 09:23

So Mr Tsipras decided to lunge forward and cut their balls off, as I thought.

Now Euroland get a taste of the possibility that the carnage created in the game of chicken is going to hit those Banks by more than the sum they could have (on the QT) negotiated with Greece in write offs and concessions-maybe more

What chance at the very last minute they beg Tsipras to sign any deal He wants
to stop any referendum and add to the blood letting ?

The whole farce is pretending Greece get more money(debt)so they can pay back some of the debt with more debt and Euroland can state - they have paid on time !!

This is moronic economics for Euroland and I can only think they assume one day
Euroland will prosper so much they can write off most of the Greek debt (which they will have to at some point anyway ).

As long as Euroland is a puppet to the Bankrupt and body bag hand of the US there is no chance that Euro-land can prosper.



I haven`t a clue of course, yet Euro-land is going exactly the way I predicted
the day it was moulded into this Frankenstein whereby no amounts of anti-rejection drugs can stop such a mismatch of organs from failure and stitches coming apart.

[richgit] 29/6/2015 08:35

HG

They have had time to plan for this possibility,and no doubt think they can control things.

They will throw everything at (paper) Gold to prove the point and stop it rising by the $50 it no doubts wants to.

The real test is coming in September,and that is the one we need to be ready for
so I expect them to limit Market damage

The Central planners simply cannot let the Markets crack at this point,so I
think they will get control- yet next time ?!!!

The Fed risk showing the Markets they haven't a clue about what they are doing come September- so be prepared.

IMHO

[highly geared] 28/6/2015 22:02

CB'S will be working overtime tonight and next week to keep a lid on things. Hopefully lots of complex CDS's, CBMS and inter loan stuff across the European and USA banks about to go bad as Greek banks run dry....

[richgit] 28/6/2015 20:08

He makes the obvious point that Gold should be $1800 merely on the basis of the
proportionately comparative outpacing number of $Dollars that have been printed
to ounces of $Gold.

It`s when more swap assetless paper IOU`s for Gold,that all will become so clear
and that really is evident now so the question is how long can the blatant fraud continue.

It most certainly ends when some sovereign buyer is told they cannot have the amount they want which may depend on whether Fort Knox is empty.

The message to anyone with Gold held there is to demand its return and see
what the answer is.

[rivaldo] 24/6/2015 22:47

EK has bought another 100,000 OMI.....



"I am long of gold and to egg the pudding I have tried to buy 1m Orosur (OMI). So far I have got 100,000 at 9.25p. It looks as if the long tap has run dry. Cantor, Orosur’s brokers, have a revised target price of 33p"

[richgit] 24/6/2015 16:21

I was expecting they would have some preparation for more bad US news on top
of Greek news and contemplated whether the ECB or AN Other had moved Gold into
the Comex.

They cannot manipulate Physical Gold with Paper unless they have the Gold available to meet Physical demand,and we know China wants a lot more Gold and do not want to blow the whole game out of the water, so they will just mop up what is available at the bargain - for the moment -especially when they can dump more $dollars at a false value

Yet lo & behold rumour is the BIS (who else could) has dumped $Half a Billion of fake Gold to keep the (Paper) Gold price down.

They are taking us down the road to hell,as the US Economy just keeps sliding downwards which for Euroland sanctioning Russia means it goes down with the US.

Poor stupid French- they seemingly have only just realised the US treats them with spying as everyone is an enemy of the US now, as their only friends are either bought or threatened.

[richgit] 23/6/2015 13:39

The central planners are playing a dangerous game at this point.

They have boosted the Markets as if all was in clover with Greece,and whilst
this maybe a smokescreen to let the Elite exit with their ill gotten gains, there will be hell to pay if they are telling Porkies to all those pushing more
margin into the Dow etc..

Tsipras could lunge forward at the very last minute with knife in hand- declaring "I have your balls in my hand- Concessions or I will cut them off and watch you Banks bleed to death".

Have those with Dark Glasses that marched into Deutsche Bank had sufficient time to shred the derivative trail to Greece and Gold etc etc ?

Merkel must think so.

It`s all very sinister as they just pushed Gold down to the level that usually has the Sovereign buyers brawling.whilst the move to the assetless $Dollar suggests Porkies are cooking.


Until next week- with trepidation

[rivaldo] 23/6/2015 11:29

New report from Edison on OMI - they increase their valuation by 48% to 37p from 25p:

[richgit] 23/6/2015 09:34

Whoever makes Tsipras`s shoes are watching closely.

If he doesn't get major concessions ,His own people will lynch Him,
and if He sticks to threatening to leave Euroland, He just may suddenly be offered flying lessons by Deutsche Bank or other.

If He walks away from all this unscathed, it has to be His Magic Shoes and that could make fortune for His Shoe Manufacturer.

They would of course dread the label - Dead Mans Shoes.

It seems high profile Bank People have been warned to stay away from Windows,
Nail Guns, and exercise.

Meanwhile they further ensure that at some point Gold demand is going to hit Gold deficits head on, and that will be a crash that no amount of worthless paper gold can save some of the casualties.

Is there going to be a forewarning of such an event with Silver first,as that War has gone nuclear ?

[richgit] 22/6/2015 10:48

It will be very interesting.

Quite obviously the Greek bailout has nothing to do with bailing out Greece
but all to do with the derivative exposure by the likes of Deutsche Banks etc.

If Greece don't get a swept under the Carpet huge debt write off they are
finished as an economy and will remain slaves to Euroland for infinity until Euroland eventually spits them out with not a drop of blood left to extract or
margin and not an asset in sight to pawn.

In my humble opinion they would be better off bust and at least extracted from
the self interests of Euroland incompetents.

Better to be bust and know the future is your own hands no matter how bad things get as Euroland putting more pressure on Russia just means Euroland is going down-down down - anyway.

IMHO of course.

[rhuvaal2] 16/6/2015 17:46

Broker doesn't believe in gold, but he buys on my order. Regular stocks are on
euphoric pe's so I'm quite happy to sit here (also into six other junior goldies)

[richgit] 16/6/2015 15:53

Along with Greece,they are probably pouring thousands of tonnes of concrete
into Deutsche Bank`s foundations.

God help us all if that possibility became known.

I daresay amongst Deutsche`s exposures to $Trillions of derivatives- Gold is involved so they will attempt to sell more Paper Gold until that paper ignites.

This Gold fraud is just being pushed until it explodes, and so blatant it is obvious to all that what is now considered "The One Bank" manipulating everything on the Planet is in no mans land and nobody knows where it will take us- most especially all the components of The One Bank.

If there was no manipulation Gold would be $3000 an ounce and the Dollar heading to $0,yet I just don't know what we should wish for other than the knowledge Gold will win


I`d settle for $1400-$1600 yet we know that the Gangster Banks are just going to ensure Gold travels to $20,000 and we are all enslaved in the economic mess.

[4marlin] 16/6/2015 14:17

agree, Iron, could well be the bottom.
If not, damn close.

[ironstorm] 16/6/2015 13:42

Good results - am with Evil on this one.

But others seem to have called it better.

My own ray of light at the moment is that a number of small gold miners look to have bottomed - so maybe a sector-wide re-rate shortly on the back of a small tick-up in Gold price.

[richgit] 16/6/2015 11:03

rivaldo.

A BB where few post,yet all holders of stock are watching.

This isn't a stock where it is easy for many to grab a decent holding,as those that haven't given up will certainly not at this point.

Meanwhile.......

Not all Americans are unware -so the "One Bank" hasn`t broken everyone`s intelligence by any means.....



Texas Pulls $1 Billion In Gold From NY Fed, Makes It "Non-Confiscatable"

The lack of faith in central bank trustworthiness is spreading. First Germany, then Holland, and Austria, and now - as we noted was possible previously - Texas has enacted a Bill to repatriate $1 billion of gold from The NY Fed's vaults to a newly established state gold bullion depository..."People have this image of Texas as big and powerful … so for a lot of people, this is exactly where they would want to go with their gold," and the Bill includes a section to prevent forced seizure from the Federal Government.

From 2011:






"The University of Texas Investment Management Co., the second-largest U.S. academic endowment, took delivery of almost $1 billion in gold bullion and is storing the bars in a New York vault, according to the fund’s board."



The decision to turn the fund’s investment into gold bars was influenced by Kyle Bass, a Dallas hedge fund manager and member of the endowment’s board, Zimmerman said at its annual meeting on April 14. Bass made $500 million on the U.S. subprime-mortgage collapse.



“Central banks are printing more money than they ever have, so what’s the value of money in terms of purchases of goods and services,” Bass said yesterday in a telephone interview. “I look at gold as just another currency that they can’t print any more of.”

And now, after we noted the possibility previously, as The Epoch Times reports, Texas Governor Greg Abbott signed a bill into law on Friday, June 12, that will allow Texas to build a gold and silver bullion depository. In addition, Texas will repatriate $1 billion worth of bullion from the Federal Reserve in New York to the new facility once completed.

On the surface the bill looks rather innocent, but its implications are far reaching. HB 483, “relating to the establishment and administration of a state bullion depository” to store gold and silver coins, was introduced by state Rep. Giovanni Capriglione.



Capriglione told the Star-Telegram:



“We are not talking Fort Knox. But when I first announced this, I got so many emails and phone calls from people literally all over the world who said they want to store their gold … in a Texas depository. People have this image of Texas as big and powerful … so for a lot of people, this is exactly where they would want to go with their gold.”

[rivaldo] 16/6/2015 09:25

Yesterday's update looked pretty good:



It's encouraging to see that equity financing is off the menu for the development of SG Deeps.

Cantor retain their Buy and 32p target price:



And Evil Knievel posted last night:

"Orosur (OMI) today come up with a very bullish results and current trading advice. I really do not know why the shares remain down at 9.5p offer."