Orosur Mining Share Discussion Threads

[jsbach123] 24/8/2015 20:56

So, Simon Cawkwell, do not be shy, as an enthusiast and predictor of increasing profits earlier this calendar year do share with this board your analysis of the recent company statements and forecasts.

[jwe] 23/8/2015 16:10

Give me Confetti then;-)
¬Market foresight that $1900 will be in view & surpassed`.....really when?
2050?Certainly not in the next couple of years

[richgit] 23/8/2015 15:38

Some dogs could rise 50 times or more.


The question in time will be whether the Market foresees Gold going far beyond
$3000 .

We only want $1200 and the Market foresight that $1900 will be in view and surpassed .

It`s Confetti versus Gold- so take your choice.

[jsbach123] 23/8/2015 15:24

Some shares are dogs.

[richgit] 22/8/2015 16:02

Possibly 0.9999 purity kilo bars is the nail in the Comex Coffin as China
& the East will ensure there are none available to the West


As Mr Hathaway points out what Mr Maguire was hinting at....

If you start looking at the migration of gold in vaults, you’ll see
it’s all going to Asia and being refined in Swiss refineries.

Not into 0.999 purity 400-ounce bars, which is London
Good Delivery, but into 0.9999 purity kilo bars.


Once it’s refined into four-9’s kilo bars instead of three-
9’s 400-ounce bars, you can’t claim it with paper in the synthetic gold trade
because it’s not London Good Delivery.
What it points to is that the underlying physical upon which this pyramid of
credit for synthetic gold is built is getting smaller and smaller.

[richgit] 21/8/2015 13:47

BigTBigT

I thought you were one of those telling is you would buy Gold
when it dropped below $1080 ?
Their current fear level, is $1180 so it will be interesting to see
if they can use endless amounts of paper No Gold in the margined Comex Casino,to halt any rise to that level.


Meanwhile we have Greece (for the upteenth time)that will never pay its debts
and a huge question mark whether the IMF is going to take some of the pain away
from others.

Turkey looking at Civil War ?!,The Koreans winding each other up,and potential
War in the Ukraine etc etc.

Add to that a US recession and what exactly will it take to get Gold through
$1800 ?


If only I knew.

[bigtbigt] 21/8/2015 10:48

undergroundminor - don't feed the trolls

[richgit] 21/8/2015 10:45

underground minor.

I guess because I have followed Gold for some 30 years,and fully believe Gold
is now in a "Supercycle" so I have a collection of explorers with huge potentials ,producers trashed beyond belief in worth,and some Physical Gold & Silver.

I wish to buy more,as I dont see much else worth having,albeit other things
so smashed may also be worth looking at,as i watch Uranium (for example)and
where the rout in Copper & Oil ends- yet Gold, Silver(Platinum & Palladium) for now after the admitted unforeseen disaster in Oil.

As they so - its my money-my risk and at least I can control it as I have no say as to whether our wonderful trustworthy central planners are investing my Pension in the stock plunge teams.



Alasdair Macleod

The IMF’s excuse was to avoid changes at the calendar year-end and to allow users of the SDR time to “adjust to a potential changed basket composition”. It was a poor explanation that was hardly credible, given that SDR users have already had five years to prepare; but the decision confirming the delay was finally released by the IMF in a statement on Wednesday 19th.

One cannot blame China for taking the view that these are delaying tactics designed to keep the yuan out, and if so suspicion falls squarely on the U.S. as instigators. America has most to lose, because if the yuan is accepted in the SDR the dollar’s future hegemony will be compromised, and everyone knows it. The final decision as to whether the yuan will be included is not due to be taken until later this year, so China still has time to persuade, by any means at her disposal, all the IMF members to agree to include the yuan in the SDR as originally proposed, even if its inclusion is temporarily deferred.

The mini-devaluations were a signal to Washington and the rest of the world that if she so wishes China can dictate the global economic outlook through the foreign exchange markets. China believes, with good reason, that she is more politically and economically robust, and has a better grasp over the actions of her own citizens, than the welfare economies of the west in the event of an economic downturn. Therefore, she is pursuing her foreign exchange policy from a position of strength. And the increments that will now be added to gold reserves month by month are a signal that China believes she can destabilise the dollar through her control of the physical gold market, because it gently reminds us of an unanswered question always ducked by the U.S. Treasury: what evidence is there of the state of the US’s gold reserves?

[undergroundminor] 21/8/2015 09:25

Richgit, we all can agree that OMI operates in a market where it has zero control over the the price of its only product, which is fixed by forces totally outside its control. If you are right and that price is manipulated and subject to fraud, then its management should be aware of that. As it can't do anything about those factors it should certainly NEVER hedge and should probably stop working in that industry.
That alone would be a very good reason for NOBODY other than the fraudsters to invest in that company; regardless of how brilliant they consider the management to be. At the very least it would give rise to the share price to be at a massive discount to "fair value".
Indeed on that basis I cannot think of any rational reason for you, personally, to invest in OMI or any similar company, other than you think with a high degree of confidence that the fraud that has gone on for [5/10/20] years will end completely in the next month or so.
Indeed why would you bother to post on a subject that you, and normal rational market forces, have absolutely no control over?

[richgit] 21/8/2015 01:30

Fatgreek

Undergroundminor so simply brushes aside that OMI are in this situation purely because of blatant Market fraud and manipulation and certainly not bad Management.

The further massive Paper Gold Fraud only shows how desperate the money printers are and a neon sign they foresee trouble and certainly not one of being in control.

If they were in control-they simply wouldn`t fear Gold to such an extreme and resort to such blatant manipulation.

The best way for OMI to beat and survive such fraud is not to sell as much Gold as possible into it,yet to conserve such assets until certainly the Fraud below $1200 is at an end.


The so called Market will applaud that when the time comes,and there certainly
is no justification in supporting a beyond Capitulation Market Cap of
what has been at best in many months - 16p -by selling assets that will be worth
many times what they are today,at such absurdly false price.

Eric Sprott would applaud the decision.

I would argue the same at Gold $1400 as whilst that would move the stock price
a multiple with 30,000 ounces,it would only be the beginning of what should be
a multi-year increase in the Gold price,so at that time increase production
a little more to further please investors.

If they do eventually discover San Gregoria Mk11 then it would be a different
ball game yet meanwhile let`s look after what we have.

We have a Gold producer with virtually no debt,that also has Pantanillo,Anillo
and the Waymar asset.

Valued at virtually 0 as we patiently await the continuation of - a Gold supercycle that no amount of manipulation will be able to stop.

They have been able to defer it,and in so doing have now increased its potential ferocity.


IMHO.

[fatgreek] 20/8/2015 16:10

Orosur Mining Receives "Buy" Rating from Cantor Fitzgerald (OMI)August 20th, 2015 - 0 comments - Filed Under - by Maddie Sorensen Orosur Mining (CVE:OMI)'s stock had its "buy" rating reaffirmed byequities research analysts at Cantor Fitzgerald in a research note issued on Thursday,StockTargetPrices.com reports.Orosur Mining (CVE:OMI) traded down 3.846% during trading on Thursday, hitting $0.125. The stock had a trading volume of 1,875 shares. The company has a 50 day moving average of $0.15 and a 200-day moving average of $0.16. The company's market cap is $12.08 million. Orosur Mining has a 12-month low of $0.12 and a 12-month high of $0.29.Orosur Mining Inc. is a gold production and exploration company focused on identifying and developing gold opportunities in Latin America. The Company operates the only producing gold mine in Uruguay (CVE:OMI), and has assembled an exploration portfolio in Uruguay and Chile. The Company has key projects in Chile include Pantanillo and Anillo. The Pantanillo Project is located 125 kilometers east of Copiapo in the prolific Maricunga District, which hosts in excess of 70 million ounces of defined gold resources. The Anillo Project is located 125 kilometers east of Antofagasta close to the El Penon mine. Its San Gregorio Project consists of a number of mining leases that cover the processing plant, several open pits, Arenal underground and the tailings storage facilities. Effective July 9, 2014, Orosur Mining Inc acquired the entire share capital of Waymar Resources Ltd.Receive News & Ratings for Orosur Mining Daily - Enter your email address below to receive a concise

[undergroundminor] 20/8/2015 13:24

BigT, that analysis looks pretty accurate.
They are reducing production because the open pits lose money at this level of gold prices. Dressing it up as being a clever management plan to hold as much gold as they can in the ground until prices recover, is treating shareholders as fools. Another reason the share price reflects the markets view of the Board.
So the race will be, belatedly, on to cut the overheads, as the lower levels of production will be insufficient to cover those costs.
A wiser CEO/Board would have seen this coming and acted months/years ago.

[richgit] 20/8/2015 13:09

BigT

I would suspect that during 2016 France may take the Greek headlines.

As the US has to pull off a miracle to pull out of what is obviously bordering
on recesssion it is fairly obvious they are not a Customer and wont be unless they sell those useless $85million apiece Fighter planes to everyone.

Trade wars next ? and maybe we will all be stealing from the Supermarkets
by the time all our Clowns in Government pass the stock plunge team debts to us.



Europe’s sick farmer

France's agricultural model is in trouble.

By Nicholas Vinocur

8/19/15, 1:09 PM CET

Updated 8/19/15, 2:54 PM CET

The sight of French farmers blocking roads, torching tires and dumping their produce in the streets is a staple of French life — on par with the Tour de France and jet flyovers during the Bastille Day military parade.

But the displays of outrage this summer point to more than just bad humor among farmers. Insiders warn that a support system made up of price controls, European Union subsidies and state aid, which has kept swathes of French agriculture in business for decades, is unraveling.

Unless France reforms agriculture in depth, farmers, meat purchasers and analysts say that some sectors — notably breeders — are set to go the way of coal mining, and disappear.

“The entire breeding sector, from pork to beef to milk producers, faces a huge competitiveness challenge,” Pascal Viné, the general delegate of the Coop de France group of agricultural firms, told POLITICO. “We’ve reached a point where we can no longer play for time and hope that prices will pick up.”

The latest crisis is partly explained by European Union economic sanctions on Russia, a huge export market for EU meat that has largely been shut off to farmers. Unable to sell to the east, farmers have flooded the European market with cheap meat products to drain supply.

While French industrial purchasers normally agree to absorb a set volume of local production at controlled prices agreed during roundtables, this time some of them balked over the huge difference between the cost of French meat and products from Germany or Spain — around 30 euro cents per kilo.

[bigtbigt] 20/8/2015 12:11

augustusgloop - absolutely correct.

All in costs (currently 1100-1220) for OMI must go up when they reduce production, simply because many costs are fixed and do not reduce with lowered production level - adding to cost per oz. Ignacio is fundamentally misleading investors when he says the all in costs will drop

But things are even worse than that - in that (as several posters have warned these last few years, especially undergroundminor) that their numbers only started to look better after Fowlup left because they coincidentally started accessing a limited amount of very easy to access gold at Arenal. We warned that would run out - and now it is, just as PoG drops to 1100. Hence they cannot produce at previous levels, and each new ounce will cost more than each oz over the last few years.

I also consistently warned that PoG would fall when it was around 1400-1500.

In short - going forward OMI will now produce far less gold than before, and this amount will steadily reduce. They will also now be producing at a net loss. The longer they can string this out (achieved by reducing production) means they can keep paying themselves unjustifiably high salaries for longer.

No way anything is ever coming back to investors.

My best guess for next year:
- production: 30k oz
- all-in cost per oz: 1350
- price per oz: 1050
- net loss per oz: 300
- net loss: USD 9M

Being very generous and assuming my numbers are too pessimistic, we're still looking at a loss of several million USD.

So how much cash in the bank do they have, how much can they raise, how long can they keep their own gravy train going?

[richgit] 20/8/2015 10:57

elban,

How can I fall out with you when you handed me overall 3Million shares at the lows in JLP.

I stuck to the target of 5p shorter term I thought it would reach and let 1 Million shares go.

I held the rest as JLP could/should further surprise in the longer term.


I am sure you can see that OMI is a stock to grab and hold as they can now survive Market Manipulation and up production when things improve.

We cannot say anything about Anillo yet,though I certainly look forward
to the days We can find out what the Waymar assets may hold,and Pantanillo ?


In a choice of buying a pure start up exploration stock valued at sub £10Million
and a Gold producing exploration stock that can up production when the times is right - you take your choice........................

If somehow the Gangsters can keep Gold below $1200 for an extended period it will be a pain,yet I cannot see how they can now control physical demand for Gold compared to worthless paper IOU`s.

The point comes when they cannot,and no doubt the next black swan unforeseen event, such as the Swiss debacle, will push Gold to levels they can no longer control with "paper"
and they will just have to blame the Chinese and stop reporting Gold prices
in the controlled Media.... "The Times " ?

[richgit] 20/8/2015 10:28

I have been involved with Gold and Gold stocks for many years,and I have never
witnessed anything that compares with the undervalues around at this point,especially considering Gold is in merely in a trough of now a "Supercycle"

It shows from the contrarian point of view that sentiment has never been this bad.

When (and I cannot name the day)that sentiment turns it will ferocious,as we watch
retailers driving each other towards bust etc etc.

I noted Walmart commented on the theft rate rising amongst their gloomy report
and that will rise and rise as just another thing to hit price wars and margin
erosion.


God bless America and all the fools that followed their Bankrupt ideas !!

[fatgreek] 20/8/2015 10:06

I do agree thus is a very good move by management. I am confident and happy with the strategy taken and will possibly top up in the near future but definitely happy with the approach taken. Very good logical decisions and hopefully Chile pops up a nice surprise.Bear in mind with the top man still buying shares (200k) and knowing the gold price and the company, he too is confident just like I am.They are not in a weak position, more like they are moving into a clever position to maximise gold prices when worth selling.Very good management decisions today and again I will add as time goes by as this from this level has good growth potential.

[richgit] 20/8/2015 10:02

They are doing what I argued they should do.


Why waste Gold in to these ludicrous prices when Gold will be far higher in the future.

Management have got a real grip on the situation so for Myself I am very pleased

I would challenge anyone to find a Gold producer with virtually no capex/Debt
that is valued at less than several exploration stocks,and less than the cost
of purchasing some dumper trucks.

They will be able to up production when the time is right.


OMI goes to the top of my wish list,though I did squeeze some more Capital
for stock at 7.35.



.

[ftseproactive] 20/8/2015 09:44

Orosur Mining's Ignacio Salazar speaks to Proactive

[richgit] 19/8/2015 23:30

bcl42

With all due respect you never witnessed me posting anything about OMI until circa 20p-ish.

The stock then went to 90p and all things being equal could certainly have been cheap at £2

Nobody truly would have imagined that the BIS would be forced into such massive
fraudulent manipulations of Paper Gold into the futures Market,as similarly
nobody saw the destruction of Oil prices with such a ferocity.


With regards to Gold- the History I followed, merely tells us that the greater
the Manipulation the greater the fear of Gold and all PGMS.

The fears are there for all to see,which foretell how high Gold will eventually
rise.

As OMI is now truly closer to just the value of a couple of dumper trucks,then
I merely suggest that if they survive until Gold starts its multi-year
rise-then it still may see £2.


Currency Wars,unpayable debt, more QE`s,US recession - are not going away.

[bcl42] 19/8/2015 20:04

I was in this for about 3 years from £1.74. Averaged down and sold out out at about 25p at a tiny loss. The posts over those 3 years were exactly the same as now. Richgit is working on the same basis as Capital Economics who claimed there was a house price bubble for about 10 years. Funny enough they were right in the end or was it just cyclical peaks and troughs as in all markets? All I know is that OMI will never make any money as they always spend it. This share is dead unless the POG saves it and even then any profits are unlikely to be seen by PI's. My personal view only.

[fatgreek] 18/8/2015 22:59

Big Fish yes

[richgit] 18/8/2015 20:59

Fatgreek.

With a little help from those so trustworthy,that tell all "Gold is finished"


When Gold has finished being finished it will be one of the few assets
remaining unfinished for quite some time.

This Guy puts it so nicely...


American-German economic researcher and historian F. William Engdahl....

"The COMEX gold futures market in New York and the Over-the-Counter (OTC) trades cleared through the London Bullion Market Association do set prices which are followed most widely in the world.
They are also markets dominated by a handful of huge players, the six London Bullion Market Association gold clearing banks —


the corrupt JP Morgan Chase bank;
the scandal-ridden UBS bank of Zurich;
The Bank of Nova Scotia — ScotiaMocatta, the world’s oldest bullion bank which began as banker to the British East India Company, the group that ran the China Opium Wars;
The scandal-ridden Deutsche Bank;
The scandal-ridden Barclays Bank of London;
HSBC of London, the house bank of the Mexican drug cartels;
The scandal and fraud-ridden Societe Generale of Paris,”

.......................................................

We are just waiting to see how the Fed will convince us that the US isn`t
now in recession and that there is more than "hope" and unpayable debt supporting the $IOU.