Orosur Mining Share Discussion Threads

[big fish] 18/8/2015 20:45

Fatgreek
Are you the same fatgreek that was in Amer many years ago?

[fatgreek] 18/8/2015 20:04

Edison Research have us rated at 37 pence a share and we trade at 7??!! Wtf?INVESTMENT SUMMARYOur old FY15 forecasts were based on 53koz gold produced at operating cash costs of US$938/oz. Our FY16 production target was 50koz at US$766/oz, due to a higher proportion of gold ounces mined from lower-cost open pits. We have now revised our old forecasts for Orosur's FY15 and Q415 results and FY16 guidance (median values of 52.5koz of gold at costs of US$900/oz). With a larger proportion of mining set to occur from ongoing mining at Arenal Deeps, and from the development and mining at SG Deeps, we have increased our underground mining costs to reflect this work and the company's FY16 guidance on costs (FY16 total UG mining costs are now US$19.2m vs US$12.2m previously). We have also accelerated our depreciation schedule to bring it in line with company guidance and revise our US$/£ forex rate from 1.51 to 1.56. We expect FY15 results in mid-August.Last updated on 03/08/2015INDUSTRY OUTLOOKAs a result of these changes, we see Orosur turn a loss in FY15 but return to profit in FY16 based on the gold price forecasts given in our March update. Also, our £0.25 per share valuation at 10% discount rate increases 48% to £0.37 per share.Last updated on 03/08/2015

[richgit] 16/8/2015 01:05

wigwammer

That idea comes from some in the US,and it isn`t a conspiracy theory instigated by Gold bulls.

You can understand the conspiracy theorists that want to think China is the enemy and not the Fed - as the last thing the US needs is further plunging exports and surging imports which a too strong $Dollar would accelerate, devastating what`s left of the US economy and then the more dramatic plunge of the $Dollar that would follow.

So like risking over inflating a balloon you risk the instant pop.

Seems to me that Gold will be the currency/money declining in production whilst
others are going to be produced in even greater amounts.

Considering China will at some point be buying Gold beyond $2000 it would make
a lot of sense to try and grab some big producers whilst they are valued so
cheaply,and if they do-then that will be even less Gold coming to Market.

[wigwammer] 15/8/2015 09:00

So China is trying to force the usd upwards to zero. I pray the average gold bull has a more logical rationale than this.

[richgit] 07/8/2015 15:55

You have to laugh......


A Bank of England policy study written in 1988 describes gold as "the ultimate store of value and medium of exchange" because it carries no counterparty risk but cautions against increasing the United Kingdom's gold reserves because doing so might be construed as a negative comment on the U.S. dollar and thus would risk giving "great offense to the United States."

The study, written by Bank of England staff members, was located recently by gold researcher and GATA consultant Ronan Manly.

The study concludes that the British government should seek ways of earning a return on the country's gold reserves. The United Kingdom's leasing of gold may have been encouraged by the paper -- and certainly would have pleased the United States by helping to suppress the gold price and strengthen the dollar -- though the bank told GATA in 2011 that the UK had stopped leasing gold in 2007:

[richgit] 06/8/2015 22:40

When the Fed,last year ,said GDP was seeing 5% growth,We could reasonably assume
that meant 1%.

When the Fed predicts 1% !!?

[wigwammer] 06/8/2015 17:28

"Stronger $Dollar- imports surge,whilst exports evaporate."Surge and evaporate = hyperbole.Point is they would have to surge/evaporate to make a blind bit of difference to US GDP.

[richgit] 06/8/2015 09:24

Wigwammer.

The test of your financial theory is now taking place.

Stronger $Dollar- imports surge,whilst exports evaporate.

I see no argument that a Consumer rushing to buy Cars etc made outside of the US
helps Manufacturing and Jobs - in the US !! bar maybe importers,Dock workers and those arranging the Liar loans.


When will the trade wars start if the $Dollar doesn`t fall back !?


I would love to have my Cake and eat it,with all the Central Planners convincing everyone that debt works for a few more years and Gold merely
at $1400 which would more than suffice until the days of a multiple beyond that.

For Myself,I am releasing every cobweb of Pension Policies and Funds that may no longer work to have cash ready for several Gold & Silver stocks etc and Physical Gold & Silver - currently weighting to more Physical Silver.

Need to get the timing right this time,as unlike the Fed I/We cannot print more
money and We certainly do not want to use debt.



What fantasy will the Fed offer tomorrow-as September onwards will require far
more than stock plunge teams and airbrushed job numbers.


IMHO

[jsbach123] 05/8/2015 22:38

Who remembers Talca?

Some shares are dogs.

[fatgreek] 05/8/2015 16:38

This was interesting have not seen it posted here...

UPDATE - Orosur signs off Anillo option agreement

Share 

15:11 08 Jun 2015

Asset Chile Exploración has completed due diligence and will take a 40% stake in the gold and silver project if it spends US$3.475mln.

Anillo adds growth upside to Orosur's existing mining operations (pictured)

-- adds broker comment, share price --

 

Orosur Mining (LON:ORM) has signed off the farm-out of up to 60% stake of its stake in the Anillo project in Northern Chile.

 

Asset Chile Exploración has completed due diligence and will take a 40% stake in the gold and silver project if it spends US$3.475mln in three stages of exploration.

Phases one and two will involve 9,100m of drilling, for which Orosur will have to put up US$300,000.

 

Orosur took 65% of the licence from a similar–in-style exploration farm-out with previous owner Codelco.

 

Ignacio Salazar, Orosur's chief executive, said: “We are delighted to have entered into this Agreement with Asset Chile to option a minority share in our interest in the Anillo project.

 

This transaction is non-dilutive to Orosur shareholders and enables us to progress a solid exploration program at Anillo for the next three years with limited capital requirements by the company.

 

"We are looking forward to working with Asset Chile as partners in our exploration efforts at Anillo and to the results of the program ahead. We appreciate the support of Codelco to the transaction.”

 

Cantor Fitzgerald said it was a good deal for Orosur, as it retains a significant interest in the project without major financial commitment, and allows it to concentrate on its higher priority assets in Uruguay. 

 

Buy with a 32p target price. Shares were 8.97p.

Share 


Apologies if already pasted previous.

[fatgreek] 05/8/2015 11:49

Just bought 100k

[welshwiz] 05/8/2015 10:10

Looks like another Cawkwell tip gone bad

[wigwammer] 05/8/2015 08:59

Bluelynx/Richgit,To recap:1) exports are a small part of the U.S. economy - to suggest otherwise is bwollox.2) high levels of consumption are desirable as that drives living standards - to suggest otherwise is bwollox. Yes, the U.S. consumer has higher than historic levels of gross debt, as have the consumers of every major currency denomination on the planet. But you won't find figures for US net debt per capita on zero hedge, because the facts won't suit their game.Lots of global debt - yes, printing of lots of fiat money - yes, rising pog - quite possibly, but falling usd - relative to what? And as for conspiracy fantasy... Zzzzzzz

[bluelynx] 05/8/2015 06:07

Wig

What you fail to see is that the high levels of consumption are due to massive and unsustainable levels of debt, therefore consumption will fall massively in the near future.

[wigwammer] 04/8/2015 22:33

Richgit,The following are all facts.1) I am not Alastair Campbell2) I have not been taught economics by Gordon Brown3) Exports are not a large part of the U.S. economy4) High levels of personal consumption are desirable - as that is what drives high living standardsUsing hyperbole and exaggeration (lifted from king world news and zero hedge) to suggest a different reality does not make it true, I'm afraid.

[richgit] 04/8/2015 21:57

wigwammer

Are you Alistair Campbell ?

I don't see where I conceded anything.


I think you are having a laugh,or have been taught economics by Gordon Brown.

[wigwammer] 04/8/2015 20:13

Richgit,You appear to concede now that exports are a small part of the U.S. economy, so weakening the usd to protect exports as you suggested makes little sense. On your new and totally separate point that consumption is circa 70% of the U.S. economy - yes, and that's a position every market economy on the planet would like to emulate.The entire point of a market economy is to drive consumption and raise living standards, something that the U.S. has an almost unparalleled track record of doing well.

[richgit] 04/8/2015 16:32

They may need to fly Gold in once again- as We wonder where from !?


Have they truly pushed paper Gold to 124-1 ?


A truly over-leveraged New World,as they let the Gold dust go for peanuts.

[richgit] 04/8/2015 16:11

wigwammer

As you state- an economy 75% reliant on a very extended debt Consumer.

That is why, year after year ,they have had to fill the black holes the Consumer couldn`t fill.

One huge $18 Trillion + $100 trillion ? of future liabliities such as Pensions

The Oil Shale boom Cos have been sacrificed to replace the long discussed theory
of when all else fails--- Helicopter drops !.

I daresay that when the effect of the Helicopter drop of lower Gasoline prices has been exhausted in the Consumers` pockets,how about smash the prices,of Wheat,Sugar,Coffee,Burgers,KFC and whatever that may temporarily put a $dollar in the pocket (who really knows in this fantasy manipulated World ?)

The only thing any of us know - is when that letter comes "Your credit cards have been cancelled forthwith - do not attempt to use them !"

[wigwammer] 04/8/2015 12:10

"We also know that a too strong $Dollar is the destroyer of declining exports"No we don't. The U.S. cares less about imports/exports than any other major economy. The very simple reason being it constitutes a small part of their economy.Stop using hyperbole to replace fact. You are unsettling people with more legitimate reasons for holding gold exposure.

[augustusgloop] 01/8/2015 13:09

richgit,

every year for the last 10 years the gold bugs have been claiming that the western vaults are now empty - because the 'powers' have sold the gold to suppress the price.

This leads mug-punters to bet on gold rising because the western powers no longer have the ability to sell more gold.

You can't keep saying that the vaults are empty in January and then explain the POG not shooting up over the rest of the year because of sales from these empty vaults.

Doing it once may be a mistake.
Doing it twice shows that gold bugs are gullible.
Doing it 10 times -- just shows how easy it has been for the likes of JPM & GS to fleece the stupid.

[wigwammer] 01/8/2015 11:34

Richgit - I have been interested in goldies given the valuation slump and change in sentiment, but I have to say your posts put me off.There is a lot of rhetoric and a lot of junk analysis in your posts, and I hope it isn't typical of gold Bulls.Strip out the hyperbole and there's not much there. The U.S. Economy is not reliant on exporting sh1t to survive. The productivity of the U.S. economy remains very high. The debt:GDP level is inflated, but surely the relevant metric is equity:debt - which has presumably increased as qe has driven asset prices up.Why not just say - the world economy will weaken significantly, the international banking system will come under pressure, and the U.S. will probably not raise rates significantly as a consequence. This supports higher gold over the medium term. The conspiracy nonsense sounds really daft to anyone with an ounce of knowledge.

[richgit] 31/7/2015 10:16

Elban,

10 years of Gold Bugs telling porkies !?

You missed the huge rise in Gold then over those years !?.

I am sure you are preparing not to miss the next 10 years.