Orosur Mining Share Discussion Threads

[hazl] 14/4/2016 09:10

good post as usual richgit

[richgit] 14/4/2016 09:06

WALLYWOO

Those assets could be the "what if" to capture the minds of investors
in better times from arguably the worst sentiment in History towards
Gold and its producers.

OMI got those assets in asset Capitulation (IMHO).Initial good results and a sizeable acreage in a High grade area-were very positive.

We lost our own asset in asset Capitulations,yet Waymar`s assets could excitingly
replace it.

I remember what those assets were valued at by the Market in the better times,somewhat ironically far beyond OMI`s current total Market value for everything !!!

That sentiment could return with a vengeance over time


IMHO.

[taperkick] 14/4/2016 09:05

Good results and surprised by the gold price received. Average gold price for the quarter was $1123 but they got $1143. Compare that to Q2 where the average gold price was $1122 and they got $1100. I guess there's no point trying to guess it in future.

Thought AD would last longer than it has (ending in FY17 to give SGD its equipment). Shame all its gold was given up for low prices.

And will Chile ever cough up?

[wallywoo] 14/4/2016 08:34

like this line, the best on Columbia:

The Company continues to maintain a flexible and dynamic approach with regard to the high grade Anzá project, where Orosur is currently evaluating a number of options to advance the project via a smaller higher grade underground mine. This approach would be aimed at taking advantage of Orosur's development and operational expertise, while considering the potential of working with or in combination with partners.

If OMI manage to get a partner to finance the project and keep a decent percentage this will fly. With this market cap, and a gold price going up, this really should multi-bag.

[ileeman] 14/4/2016 07:48

cheapest producer on AIM currently

and returned to profit, AISC at 970 is incredible. If you imagine how high the share price was when gold was above $1500 and their AISC above $1100 just think how high the share price can get with AISC at 970, huge increase in profit margins.

[hazl] 14/4/2016 07:40

Ignacio Salazar, CEO of Orosur, said:

“This quarter saw our strategic plan to reduce costs come to fruition, positioning the Company as a more resilient producer in this current gold price environment. As planned, we are very pleased to announce that, AISC was significantly reduced to below our target of US$1,000/oz. This quarter the Company also returned to profit and fully repaid the Santander loan, leaving the Company practically debt-free. '

excels imo

[ileeman] 14/4/2016 07:35

fantastic results

they paid the debt down aswell so basically debt free

AISC well below $1000 which is amazing

[rivaldo] 14/4/2016 07:27

A $3.1m PAT for the quarter :o))

Admittedly this does include a $2.5m tax refund, but with AISC of only $978, and falling, a $600k PAT for the quarter is pretty impressive and should be a lot better this quarter with the higher gold price.

And the $2.5m tax rebate will be received this quarter too, taking net cash to $4.1m excluding any improved cash from operations. Soon the cash pile will be not far off the £6.3m m/cap!

[richgit] 13/4/2016 16:37

Somewhat Tongue in Cheek.

Maybe OMI would be better rated by losing plenty of Money.

The new nonsense in the US is that if a Company is losing shed loads,that`s great as things can only get better- so- BUY BUY BUY - the money losers !!!


The theory didn`t quite work with Peabody of course.

As someone pointed out-,The private owners of the Fed and those darling Bankies don`t care a fig about about the Lehmans lesson !!! as the next Lehmans will be the all the too big to fail collapsing on each other...so why should they care ?

In such an event - multi $Trillions more confetti !!!? for all us Joe Bloggs
to eat.

[ileeman] 13/4/2016 13:13

Elliot wave theory pointing to atleast $1500-$1600 by year end give or take a few months

[hazl] 13/4/2016 10:36

'Gold took a breather from its upward-moving spiral, but it is truly a breather and once the glow of higher oil prices dims, we look for gold to star ascending again.'
kitco

[ileeman] 13/4/2016 09:14

AAZ showed average price of $1180 so think OMI will show well above $1150 average

That sort of price will show a big jump in profits/revenue etc

[hazl] 12/4/2016 11:51

scroll down for trades

[ileeman] 12/4/2016 10:30

putting the buyers on ISDX again

[ileeman] 12/4/2016 08:55

Will not say anything amazing will just start showing the turn around, what we already know lower AISC higher gold.

The start of the turn around, looking for a £30mil-£40mil cap by year end.

[hazl] 12/4/2016 08:51

BE INTERESTING.......

[hazl] 11/4/2016 16:41

end of the week?
Ah didn't remember that

[ileeman] 11/4/2016 11:16

Premiums paid and alot of buyers being put on ISDX

Market makers keep locking buying out aswell

Q3 results end of the week

[boadicea] 11/4/2016 08:00

We seem to be developing a minor uptrend and with pog starting the week well it could accelerate.

[hazl] 10/4/2016 19:56

'By Biman Mukerji
The Wall Street Journal
Sunday, April 10, 2016

Chinese gold miners are aggressively scouting for overseas acquisitions, encouraged by historically low gold prices that could help them scoop up assets cheaply.

Though gold prices have risen by more than 16 percent since hitting a six-year low last December, prices are still trading close to levels last seen in 2010, in a range of roughly $1,220-$1,240 per troy ounce.

China is the world's largest gold consumer and producer, but only a few Chinese companies such as Zijin Mining have ventured abroad to buy mines, unlike their counterparts in industrial metals.

If cash-rich Chinese gold miners embark on an asset-buying spree, China could reduce its dependency on other international producers for supplies and increase its heft in global gold markets. ...

A period of low gold prices also means Chinese companies may have more options to buy because several mining companies are facing a credit crunch and have massive debt.

"China has five to six gold companies. I have been in touch with all of them, and they all have plans for increasing assets overseas,” said Peter Grosskopf, chief executive officer of Sprott Asset Management, a Toronto-based company that manages assets including physical bullion trusts.

He says the Chinese companies are well-capitalized and better positioned than their North American counterparts.

Sprott has set up a partnership fund with China’s leading gold company, the Zijin Mining Group, which is called the Zijin Sprott Fund, with the aim of buying overseas gold assets, Mr. Grosskopf said. "The expansion [opportunities] are better globally than in China." ...'

Thought this was interesting as a general gold piece.IMO

[richgit] 10/4/2016 14:53

Personally I would advise caution to Management in timing of any ramp up in production.

There is no rush,and preferrable to patiently wait until Gold has broken (with confidence)at least $1350.

We want resources to sell into the climb at $3000+ so unless OMI discover
multiple bonus ounces,Investors want to see prudence and responsible Management
of those Crown jewels.

I remind of those small producers that sold too much of their precious resources at $350-$800 only to watch Gold rise to $1900.

As Mr Rickards suggests-The Chinese want several more thousand tonnes of Gold
and will also do everything to play the Market games of not having Gold rushing towards any truer value- whilst they are trying to accumulate it,along with Russia,India etc.
So competition is already tough.


No wonder they hide from Market news,the true amount of Gold they have accumulated.

$1200+ is currently a nice position and no doubt there will be wild swings up and down which will have all the T+ traders in a whirlwind of indecision.

Arguably it isn`t so much the price of the Gold,as the Chinese have bought it to $1900,yet they and We know that next time Gold is $1900-there wont be any
for those that want "Tonnes" !!

Smoke & mirrors.

[ileeman] 10/4/2016 12:29

OMI will ramp up production when they are confident that gold price has turned for good, so will probably see production back upto 50-60k within the next month or two imo

[hazl] 10/4/2016 08:48

Hi brucie like your sentiment!
Certainly these goldies seem to be gathering momentum.
Still think that you are in a good one over the way.
Might see you again over there as well as here at some point?!

IMO

[ileeman] 09/4/2016 14:26

Q3 results showing AISC around $1000 with gold price average around $1150 should start showing cash piles increasing which will be the go ahead for bigger investors

I will be looking to add to my holding on cash increasing.