Orosur Mining Share Discussion Threads

[ileeman] 14/4/2016 15:40

Even though it might not seem like it, it is the highest volume day in years.

Says it all really, once the news traders have cleared the chart is setting up for a big break imo

[rhuvaal2] 14/4/2016 15:40

hazl

I did ask that question and received "you nearly always get weirdos on BB's"

[ileeman] 14/4/2016 15:32

@august

you are feeding your ego and making out you are some kind of guru, producers track gold (some more than others) and you could see gold was entering a bear market (well maybe not you as you didnt even notice gold was in a bear market for 5 years)

Doesnt take a genius to work out when OMI was 40p that it was going to crash with gold.

but now look at the cap and what they are achieving and with gold rising, I dont think it will be long before this hits 15-20p.

[hazl] 14/4/2016 15:28

Not waste,rather prudence, waiting for better prices before selling would be the best strategy,in my opinion.
Be interesting to know what the management think of your posts.

IMO

[augustusgloop] 14/4/2016 15:27

hazl,

it was 35ish when I first said that there was a problem.
conclusion ....... intermediate rises were all temporary.

[ileeman] 14/4/2016 15:26

ofcourse they were going through their cash look at the drop in gold price and how high their AISC was.

But not anymore hence why the shareprice is re-rating.

Now they have decent margins I guarantee you Q4 results will show an increase in cash, its not rocket science lol

[rhuvaal2] 14/4/2016 15:25

'gloopy and u'minor are twins, always have been !!

[hazl] 14/4/2016 15:25

This was 5ish it is now 8ish....conclusion.... the market likes it.

why can't we be left to make up our own minds?

[augustusgloop] 14/4/2016 15:24

iLeeman,

can't you read?

They are burning through their cash.

The profit is an accounting trick.

The AISC must be far greater than $970.

In calculating the AISC the overheads are divided by the number of ounces produced. Since this has halved the overheads per ounce should be twice as large.

If they are telling the truth now, there must have been tremendous waste before.

[hazl] 14/4/2016 15:22

Yes prefer facts.

[hazl] 14/4/2016 15:17

Excellent post iLeeman thanks.

[ileeman] 14/4/2016 15:12

I will amuse you.

they are in profit and will be generating cash, gold would need to drop below major lows and stay there for them not to be making money with their AISC at 970 and falling.

They have enough gold to last them years and are also pursuing other avenues for more gold oppourtunites as we speak.

The company is as strong as it has ever been going foward into a new bull market.

[undergroundminor] 14/4/2016 15:05

Hazl,
Emotion or Facts?
Make your choice!

[hazl] 14/4/2016 14:51

Yawn..... they have said they are practically debt-free so I think you boys best move on to easier prey!

IMO

[undergroundminor] 14/4/2016 14:36

Only two figures that we need focus on are CASH and GRADES PER TONNE; unless gold gets to $2,000 an ounce.
Cash is negligible. Grades per tonne are what determines the cash flow.
All the best grades have been mined.
So money needs to be used to find new grades.
So where does the future cash come from?

[augustusgloop] 14/4/2016 14:11

hazl,

if the investors that continually invested and argued with me on shares that I attacked are canny -- then they must be bloody good at utilising tax losses --- because they made bloody big ones.

[rhuvaal2] 14/4/2016 13:03

Thank you for that, iLeeman. OMI is a serious investment for me

[hazl] 14/4/2016 12:57

However all the time gold is reacting to very uncertain economic and political times, I wish to have a few of these gold shares that are in favour because of it.
Has this share steadily risen in the last few months ?
Yes it has.
So those are the facts as I see them.
Anybody that is talking it down is doing it to line their own pockets,or hope to.
Never been much altruism from shorters.

I repeat investors are more canny than you give them credit for gloop.

IMO

[ileeman] 14/4/2016 12:50

Nice write up on OMI and some nice comments from the BOD

proactiveinvestors.co.uk/companies/news/124796

"We expect EBITDA to rise from US$1m at the interim stage to US$7.9m by year end," he added.

"Based on a conservative assumption of a US$1,200/oz gold price over the medium term, management are now assuming a stable production profile in the 30-35koz/year range," he noted.

"However, if gold returns to US$1,300/oz, OMI would have the option of lifting production back to 50-55koz/year, but in the meantime the focus remains firmly on profitably over scale."

[ileeman] 14/4/2016 12:44

@august

I cannot take you seriously, you have completely ignored the gold bear market.

For someone who talks a good talk you sure dont know much about the very basics.

[ileeman] 14/4/2016 12:30

hxxp://www.risersandfallers.com/2016/04/14/orosur-mining-inc-reiterated-as-buy-by-cantor-fitzgerald/

[photon] 14/4/2016 12:19

augustusgloop has a point regarding some of the chequered history of the previous management, however doesn't seem to recognise the hard work of Mr Salazar and the recent improvements in how the company is being run, which raise reasonable expectations of continued improvements in cash flow and profitability

[ileeman] 14/4/2016 12:01

NT to buy at 8.25p

Nice buying looks like someone else is loading up and not just me

[hazl] 14/4/2016 11:57

Shareholders got 'nothing ' you say back in 2011?

Except a very pleasing share-price .......