Orosur Mining Share Discussion Threads

[brucie5] 09/4/2016 14:25

Hello Hazl - only just taken a look at these.

Uruguay not only has a pretty cool football team (11th in the world), it has the world's coolest president.

Read and compare to our own ex-prime minister Tony Blair. (And weep..)
"He has been described as "the world's 'humblest' president" due to his austere lifestyle and his donation of around 90 percent of his $12,000 monthly salary to charities that benefit poor people and small entrepreneurs."



Not sure what bearing, if any, on the fortunes of OMI, but a good start!

[brucie5] 09/4/2016 14:21

Highlights
Financial
 Production of 8,172 oz compared with 12,854 oz in Q2 FY15.
 YTD production of 20,643 oz, ahead of the Company’s 30,000 – 35,000 oz guidance for the full year.
 Operating cash costs of US$858/oz, representing a significant improvement over Q2 FY15 (US$984/oz),
and also over Q1 FY16 (US$954/oz).
 AISC of US$1,095/oz, representing a significant improvement compared with Q2 FY15 (US$1,258/oz),
and also with Q1 FY16 (US$1,166/oz).
 The Company reiterates its stated guidance of AISC below US$1,000/oz as an average for the Q2-Q4
period and between US$1,000-1,100/oz for the full year.
 Average gold price received of US$1,100/oz compared with US$1,212/oz in Q2 FY15.
 Total cash balance of US$2.6M (compared to US$4.8M at May 31, 2015) and debt of US$0.8 million
(compared to US$1.5 million at May 31, 2015). The Company has US$3.0M of undrawn lines of credit
committed by Banco Santander available at November 30, 2015 and as of the date hereof.
 On December 4, 2015, the President of Uruguay granted Orosur a one-year exemption on the royalty
payment to the Government (3% of sales).

[hazl] 09/4/2016 10:22

The AIC of OMI is pretty good 1095 from memory?

So there is everything to play for here,in my opinion.

[ileeman] 08/4/2016 16:59

@taper

reckon it will show above $1100 avg received

Should start seeing that cash pile increase dramatically now that gold is on the up = will be huge.

Major breakout above resistance today reckon we will see 12p+ very soon maybe even before Q3 results. Might see a retest of that 7.75p/8p area then lift off.


free stock charts from uk.advfn.com

[hazl] 08/4/2016 16:37

He has 'a dream' and I like it....though something tells me that circumstances that cause such a rise in that kind of sentiment,for gold may make us think differently.
I can take the ups and downs for the bigger goal you suggest richgit!

[taperkick] 08/4/2016 16:20

My guess is next Thur or Fri for RNS:
$1099 avg price received
8000 oz mined
$1010 AISC

[wallywoo] 08/4/2016 15:47

well you were right there richgit. Anyone know when the results Q3 are out. I think this time they are dropping the early production figure RNS and just releasing the Q3 figures RNS, so it will be late April?

[richgit] 08/4/2016 12:12

Hazl.

I doubt these are "strong hands" that are buying.

They are traders that will happily settle for a 10-20% quick return.
I can hardly blame them of course,considering the drought enforced by JP Morgan
et al.

The future here will be when the strong hands that have held through thick and thin see the right circumstances to add a few more and stick them away.

If the day comes that those strong hands are convinced to stay for a few years more,then there will be literally no stock around bar what the traders churn over for stronger hands to fight over, as the T+20`s etc get sold as the only free stock available.

I certainly remember the days of Gold stocks where 2 shovels and little more than a prospect saw £25Million + Market values and not necessarily days of Gold frenzy.
Not all that long ago we (for example)witnessed SOLG hit £100Million Mkt Cap on Market exuberance.


Needless to say - If the days return of Gold beyond $1400 - We have seen nothing
yet and periods of Gold Market exuberance witnessed in the past 20+ years will look like a whimper when Gold starts its next multi-year climb.

No Guarantees of course,yet over the next 3 years could OMI have an exploration situation alone, valued in a better sentiment Market at £100Million ?


If we can get to the days of "what if" with OMI in drilling terms,then who can currently imagine the value of "what if" in a better sentiment climate ?

Waymar or other ?,let`s hope so.

That`s why OMI is in my Basket for "potentials" of far beyond the dreams that
most have at the moment


Some Gold stocks will deliver the dreams,and as so very few investors currently have those dreams then few can imagine what valuations will be around in time.








.

[ileeman] 08/4/2016 09:11

Production aside we should be getting news on the drill soon and the way the markets have been regarding drilling results could really see a hige move on that alone.

"During December 2015 a 1,100m drilling campaign commenced and is expected to continue through April 2016."

btw cant buy any at 9.25p have to pay premiums if you want any

[wallywoo] 08/4/2016 09:04

Over $30M in net assets and generating good cash flow, with lots of blue sky potential. The gold mining world is warming up nicely too. Would not be surprised if this was 30p+ in a few months. Need some excitement Anilo?, Columbia?, Uruguay opportunity to get it going

[hazl] 08/4/2016 08:39

little beauty

[ileeman] 08/4/2016 08:36

Starting to re-rate, cant buy at 9p

Wonder if EK has been loading up more sub 8p, market makers have no stock and no one is selling

[ileeman] 07/4/2016 14:51

Major resistance breaking now, a close above 8p/8.25p resistance will see a big jump quickly imo

10k max at 8.5p then goes to premiums, market makers paying over at 8p for shares

High volume day today, market makers putting a ton of buys on ISDX.

Looks like people starting to realize how ridiculously cheap the market cap is here, that and gold rising and markets starting to tank.

[richgit] 07/4/2016 10:48

We have probably all done it...

You check to see if the Iron is on by sticking your fingers on the hot plate.

The Fed and all the Central Planners know,as History tells us all there is a gas leak that could explode with a ferocity,yet they simply now don`t have a clue where it is going to come from (take your pick).


They now simply risk searching for the Gas leak with a lit match,and then pray they can deal with the explosion the day they inevitably ignite it.



Not even the Goldmans gangsters can figure it out,and most certainly the 35 year olds that have no clue,yet preach to us about economics they have no experience of -bar virtual reality fantasy

That`s why charting and T+type trading is useless,as nobody knows when,as the
Central Planners haven`t a clue where their Robots are taking us,yet it certainly wont be Paradise.

[ileeman] 07/4/2016 09:27

You can tell people are hovering up gold stocks again because the exploration companies are going up a few 100% on drill results alone.

producers in a completely different league to explorers

[hazl] 07/4/2016 09:23

Yes gold miners in the doldrums no longer...sign of the times.
OMI being ahead of the pack it seems.
OVG an interesting play as well expecting people to notice that soon.

IMO

[ileeman] 07/4/2016 09:06

Testing major resistance at the moment

50k max at 8.5p then goes to premiums

Gold rising and transintional Q3 results next week, this is starting to re-rate

Will not be long before this is 20p+ imo and still that would only make it a <£20mil cap which is cheap

[hazl] 07/4/2016 08:55

gold continues its leg up......


IMO

[hazl] 06/4/2016 19:23

I have not met these before this year rhuvaal.....interesting.

[rhuvaal2] 06/4/2016 16:49

I can remember the days when we were at 70p+ Have added hugely since then so this brave hero looks forward to a proper re-rating..........

[ileeman] 06/4/2016 16:12

Yup

Cant buy any at 8p btw but can sell alot at 7.85p

market makers have no stock

[hazl] 06/4/2016 16:04

this and CNR seem to be doing well today

[ileeman] 06/4/2016 15:49

OMI

On the verge of a big breakout, big gaps on the chart once 8p breaks

#nobrainer


free stock charts from uk.advfn.com

[ileeman] 05/4/2016 11:30

Buyers loading up pre-results

isdx
05/04/2016 10:29 50,864 @ 7.438
05/04/2016 10:26 42,353 @ 7.438
05/04/2016 10:17 88,192 @ 7.2