Orosur Mining Share Discussion Threads

[edgein] 11/5/2016 10:19

Hazl,

If its the 85k you're referring to then yes the trade was at 12p or the ask at the time 9:03. The 10k after it took the last of the 12p shares and moved the price to 12/12.5.

Regards,
Ed.

[hazl] 11/5/2016 10:14

looks like a large buy from earlier reported there,
rather than a sell,to me. 9.03?


IMO

[hazl] 11/5/2016 09:46

as opposed to us who are super bullish? perhaps?

imo

[abc125] 11/5/2016 09:45

Is underground miner still bearish on this stock? I've only read this thread intermittently but I recall he was super bearish.

[someuwin] 11/5/2016 09:37

Looking good today.

[abc125] 11/5/2016 09:35

The fact that they are a producer and debt free is a big positive in this age of indebtedness. Throw in Waymar which is priced at zero and you have an interesting medium term play. Gold will be weak in H2 but late 2017 may be a different story.

[hazl] 11/5/2016 09:34

Scroll down for trades

[hazl] 11/5/2016 08:51

don't know if the ISDX trades are a curse or a blessing as people often miss them,in my opinion.

[hazl] 11/5/2016 08:43

Phew!
Had a feeling it was about to recover.

[hazl] 10/5/2016 16:22

This has seemed so resilient that I have got in again .
Rather it didn't take off wit out me!

If it doesn't then c'est vie!

[rivaldo] 10/5/2016 14:37

Nice start in Canada this afternoon.

More detail on that upgrade:

http ://www.proactiveinvestors.co.uk/companies/news/125746/cantor-lifts-target-on-orosur-mining

"Cantor lifts target on Orosur Mining
12:02 10 May 2016

Broker Cantor has lifted its price target on South America-focused gold miner Orosur Mining Inc (LON:OMI, TSE:OMI), due in part to rising precious metal prices.

The positive impact of cost cutting and a focus on operating profitability was plain to see in recent third quarter results, added analyst Asa Bridle.

"The company’s efforts are also being helped by rising precious metal prices, and we revise our FY17 earnings forecast upwards on the back of higher gold and silver price expectations," he said.

The broker's target goes to 26p from 22p and it repeats a 'buy'.

The miner, which operates Uruguay's only producing gold mine, succeeded in getting all-in sustaining costs (AISC) of production below US$1,000 an ounce in the quarter, and the plan is to keep it below that for the remainder of the financial year, which runs to end May.

It also bounced back into the black with a profit before tax of US$3.1mln in the three months to February 29, having made a loss of US$1.9mln in the corresponding period the year before."

[someuwin] 10/5/2016 11:42

26p - that's quite some upside.

[edgein] 10/5/2016 09:06

Rivaldo,

Interesting, I guess its the increased gold price that has them upping their target to 26p/share. Practically no debt and estimated 37,000oz pa its an easy buy and hold at this price.

Regards,
Ed.

[rivaldo] 10/5/2016 08:25

Cantor Fitzgerald have today increased their price target to 26p (from 22p) and say Buy:

[richgit] 09/5/2016 20:51

We are NOT proposing a Class Action suit for individuals at this time. The reasons are stated in our original JSM posting. We are litigating for harm to business entities only. For this new type of legal action we are not litigating on behalf of individuals. Please refer to the original posting to understand the reasons for not pursuing a Class Action.

The success of litigation we propose for gold and silver producers will pave the way for individual Class Actions and other cases to prevail on behalf of individual investors. Those actions will follow, but the legal action by the producers needs to be addressed and resolved first to pave the way.

We seek contact from your companies and producers who have been injured. We do not seek contact from individuals who have been harmed by manipulation. We ask that you urge those in executive, decision making levels in your production companies to contact us. In recovering damages through them, you will benefit as an investor in that entity.

Please urge the decision makers in your producing company to contact Jim directly at [e-mail] so we can arrange a conference with legal counsel. If you are not an executive decision maker of a producing entity, your email is not being sought for this litigation.

Thank you for your time and attention. Please contact and urge your company to contact us for inclusion in our litigation at no cost to them.

Best regards,
Jim Sinclair

[photon] 05/5/2016 06:33

Current POG vs average selling price in Q3 would take quarterly non-exceptional pre-tax profit to around £1.3m at current production rates, giving £5.2m per year. Simple calculation but shows what we may be looking at here, ceteris paribus.

[taperkick] 04/5/2016 15:53

I wonder if they looked for a partner to pay the Pantanillo royalty for a share of the 1m oz resource instead of handing it back. Would have made sense for Asset Chile to grab a share of a defined resource and sit back until gold price hits $2000. Anyway, water under the bridge.

[wallywoo] 04/5/2016 15:49

taper: historically they have produced around 50K ounces. They reduced that down to 35,000 because of the gold price (meant that some of the lower grade ore was not worth processing). It is that ore that I was refering to.

As for as Columbia is concerned if you look at recent RNS's they referred to possible partners, and talks to start smallish underground mining.

[taperkick] 04/5/2016 15:42

Don't think they are expanding production, just closing down one underground mine (AD) and moving the equipment to the new one (SGD).
Nothing to come out of Columbia for a while as I don't think they are doing anything there - currently leased out as a storage site until August.
IMHO

[edgein] 04/5/2016 14:01

Wallywoo,

They're planning to bring on their second underground mine this Q, so yeah they are planning to expand production. Definitely crazy cheap considering they're due a refund of $2.5m from the Uruguayan government. Also the next mine is to be brought to production from current cash flow.

"Following the implementation of the strategic plan to reduce costs in line with the gold price environment post July 2015, a significant restructuring has been achieved and the economics of SGD have been updated, also assuming a reduced initial investment as the Company plans to use the equipment from Arenal Deeps instead of purchasing new underground mining equipment. The Company intends to dovetail the beginning of production in SGD with the conclusion of operations at Arenal in order to facilitate these anticipated savings and plans for this to take place during FY17. Development work in SGD is scheduled to commence shortly during Q4 FY16."

Q4 of their fiscal year being April-June 16. FY 17 being calendar Q3 16- Q2 17. So going to be a busy quarter with the development of SGD mine. As you suggest there may also be more exploration work/results from Chile and Colombia too.

Regards,
Ed.

[wallywoo] 04/5/2016 12:36

I think the key here is Uruguay will keep the business chugging along nicely with good options to expand (they must be close to deciding to up production with current gold price). The higher the gold price the more likely other projects (Columbia, Chilli) will find partners to get off the ground. In that case this will be worth a multiple of the share price now. Still only worth £8.3 M crazy - IMO.

[edgein] 03/5/2016 10:20

Looks like another safe house at the moment, debt removed and lots of free cash if they keep those planned costs per oz of US$800 ish.

Regards,
Ed.

[drago] 03/5/2016 08:45

fair start to the day

[rivaldo] 02/5/2016 18:24

OMI is up in Canada to the equivalent of 11.15p today.

And gold is doing rather nicely too, up at almost $1,295 now.