Orosur Mining Share Discussion Threads

[gaaston] 23/6/2016 17:03

Nice picture, thanks rivaldo

[someuwin] 23/6/2016 14:43

Orosur Mining marketing roadshow, London, July 22-23

The miner, which operates Uruguay's only producing gold mine, San Gregorio, has turned heads after managing to get all-in sustaining costs of production below US$1,000 an ounce in the third quarter of its financial year, which runs to end-May.

The company’s UK roadshow will come after publication of full-year numbers in the coming weeks.

Broker Cantor Fitzgerald has lifted its price target for Orosur from 22p to 26p (US38c) citing the positive impact of cost-cutting and rising precious metal prices, leading it to revise its 2017 earnings forecast upwards on the back of higher gold and silver price expectations.

Orosur returned to the black with a profit before tax of US$3.1 million in the three months to February 29, having made a loss of US$1.9 million in the corresponding period the year before.



San Gregorio gold and silver mine, Uruguay

[richgit] 23/6/2016 14:07

rivaldo.

All will become clear when the Bremain/Brexit is over.

It`s just a matter of buying Gold now or on any temporary nonsense in "Paper Gold" on the Bremain fix.


Considering Physical Buyers don`t worry about specific time lines,as to when Gold surges beyond $1900 the price is somewhat meaningless to them.

The Multi-Tonne buyers will be more concerned about the potentials of Tonnes
not being readily available in the future and no doubt many of them have already
happily paid $1900.

IMHO

[rivaldo] 23/6/2016 13:40

Nice - hopefully the forthcoming numbers are going to be good, giving OMI the confidence to organise this investor roadshow on the back of them...



"Orosur Mining marketing roadshow, London, July 22-23

The miner, which operates Uruguay's only producing gold mine, San Gregorio, has turned heads after managing to get all-in sustaining costs of production below US$1,000 an ounce in the third quarter of its financial year, which runs to end-May.

The company’s UK roadshow will come after publication of full-year numbers in the coming weeks.

Broker Cantor Fitzgerald has lifted its price target for Orosur from 22p to 26p (US38c) citing the positive impact of cost-cutting and rising precious metal prices, leading it to revise its 2017 earnings forecast upwards on the back of higher gold and silver price expectations.

Orosur returned to the black with a profit before tax of US$3.1 million in the three months to February 29, having made a loss of US$1.9 million in the corresponding period the year before."

[bigtbigt] 22/6/2016 14:29

"...the scale of economic migration was not foreseen..."

Wake up !!!

Over several years Turkey build camps and welcomed in >3M refugees. Then they closed them, knowing full well where those people to move on to. It was all planned in advance (not only by Turkey!!) and strategically designed to have the consequences it is having.

Nothing is as it seems on the corporate media propaganda services

[richgit] 22/6/2016 09:33

2sporrans.

Yes.

The swiss voted against what many would consider Eutopia,and a true form of Helicopter money.

Somewhat surprising maybe that intelligence still exists,albeit they voted not
to hoard more Gold which is at odds,so they ploughed the money into Apple stock.

Isn`t that a little like Brits giving up Football.

Maybe vote rigging has many strange forms.

The US Robots have come in handy for the Fed with an alarmingly obvious Robot
hand in their Markets Yesterday,(every day)a rigging of perfection that Humans could not do,so let us pray they don`t short circuit in Robot mayhem..

Alas- We are being run by Robots,and as the US imposed minimum wages,those
not wishing to pay- are looking at more Robots.

I am buying My Sons Robot suits so they can jump the queues for can stacking at Tescos in case their University degrees become a cross to bear.


.

[2sporrans] 21/6/2016 16:58

Richgit

"They will seek to work in a Europe that mostly currently has no jobs even for Europeans !!"

My post was focused on Germany, which is the nation letting in such large numbers and the destination of choice for the great majority.

So, looking at the unemployment situation in Germany:
x
hxxp://www.tradingeconomics.com/germany/unemployment-rate

4.2% and falling ain't so bad; well beneath the 5.6% average since 1950 which includes all the 'miracle' years.
Also, as previous post alludes, East Germany has a lot higher unemployment [still] than the West; but that's a detail.

Having said, I broadly agree with all you have written.
For sure the scale of economic migration was not foreseen and lack of effective policies to curb it, particularly at source.

In particular, going forward, we have the situation where not only the unskilled but increasingly the skilled workers in developed countries are facing competition from technology, in addition to cheap labour elsewhere.
New technologies seem to be displacing labour at least as much as augmenting it.
May go a long way to explain stagnant labour productivity stats.

Have you read about the massive global investment in robotics?
It's actually taking place at a lot faster rate in say China than it is in Blighty.
Even there, in the relatively developed East coast zone anyway, companies find replacing labour with robots very cost and quality effective.

Maybe the Brave New World has finally arrived.

TS

[richgit] 21/6/2016 10:15

2sporrans.

They will seek to work in a Europe that mostly currently has no jobs even for Europeans !!

The diference between trying to allocate refugees,and Europeans that have entitlement,to waves of Economic Migrants is something Europe never saw coming,yet they are arriving with no clear message to stop them.


That can only lead to immense trouble,and financially further destructive,as
the costs of so many more unable to work will be catastrophic with obvious stress on the Health systems.

Most certainly if employers are witnessed to favour cheaper workers,there
will eventually be hell to pay.

Skilled workers will always be able to leave as they have their choices,yet the many unskilled that consider they have little to lose by comparison to what
they had.......will stay forever.

Covering up the facts about Economic Migrants,is just another Europe time bomb.

[richgit] 20/6/2016 09:01

O/T

It looks like the fix is cemented for a vote to "remain"

Others will get their chance when faced with the truth of what is going to be unleashed by Europe - after the vote.

Seemingly there is admittance that some 60% of those entering the floodgates
are not refugees - Not Europeans -but economic migrants- young men coming for the dream of being paid not to work from all around the World.

So many are headed for Germany and soon the German people are going to demand that they are sent to the rest of us.

This will be devastating for those in Europe that already cannot get jobs,and obviously devastating moreso because We are all already Bankrupt and cannot
provide employment to the unskilled (and skilled) Europeans-never mind the rest of The World !!!

The UK will get what it votes for,and so many will wish they could have the chance to vote again,whilst Millions of us that never voted for the so predictably disatrous Bliar and the Barrow boys will have another debacle foisted upon us.

Hordes of economic migrants was never a part of what those that voted for Europe voted for,yet is just one more of the disasters as no surprise to those that didn`t vote for the Federation of Europe- expected.

There will be a lot more to regret now.

Just another reason why Gold & Silver will be the only safe havens from the busts that will accelerate as Europe no doubt will turn into a War Zone of riots



IMHO

[richgit] 17/6/2016 10:33

someuwin.

We are merely in a period where there are more 3 day traders and stock borrowers
than - pay for buyers.

As time goes on that will hopefully change,yet for the moment most believe
the Fed and Anti gold Cabal are in control.

When most that are holding bought for OMI stock decide it is time to buy more
is when things start to happen.

Let`s see what Management have to tell us.

Then maybe the dream of a Company with no debt that can self finance exploration
and possibly create that additional £100 million or more value- could be alive and licking

Waymar could offer us that,and nobody can say it cannot- unless no more
drilling ever takes place.

I hope Waymar proves to be our compensatory bargain from the Graveyards of sentiment and destroyed value,as we reflect upon the time when Waymar was valued
more than OMI is today.

Like the Dot-Com era- Aim needs some real Gold stock winners and then the recycling of gains from winners starts the proverbial snowball rolling down the hill.

[someuwin] 17/6/2016 09:43

Orosur Mining Inc OMI
Cantor Fitzgerald
Buy
26.00 target
Reiterates

[richgit] 17/6/2016 08:40

gaaston

The World`s money men know the value of Gold,and they know when they have to own it-which is now !!!.

Smackdowns in Paper Gold now will just have Physical buyers buying more as they await any further bargain of the bargain in Silver & Gold.

JP Morgan et al trying to figure out, with collusion in London,just what the reality is in Physical availability and how much they can distort the Paper Gold Market without creating overwhelming Physical demand,
- like a see-saw with detonators under each end.

They have virtually none to support Paper Gold, yet rely on settling those Casino Margin Players in cash as virtually nobody uses the Comex for actual delivery of Gold ( as it was originally intended)-hence reserves are virtually non-existent and leveraged 92 to 500 times !?

However- if more of the 1% that really stand for delivery place more panic
contracts for delivery then that Micro tonnage could evaporate and then they have a problem.

I think out of the thousands of Tonnes of "paper Gold" that went through the Comex last year- only 40Tonnes of Physical were demanded for delivery which shows just what a Casino the Comex is and how they leverage up that ever increasing fraction of fractional Reserve.



The problem is London is gradually losing insight into Physcal Gold movements
as China and others move Gold out of sight of London plus China moves large amounts out of sight of everyone.


The whole World and its finances are leveraged to the gates of Lucifer,and its like a giant over-inflating Balloon pressing on a pin head.

They cannot stop the movement into Physical Gold & Silver now and merely try
to contain the price explosion.

This is $250-$1900 and then $1900 - ?

Just don`t try to put a time line on it,yet Physical will dictate to Paper in
the coming months


IMHO

[gaaston] 16/6/2016 21:00

POG smacked but not severely, as yet.

[wallywoo] 16/6/2016 10:45

Of course putting an option on the futures market would do exactly the same thing, and they would not have the costs of storage

[gaaston] 16/6/2016 10:00

richgit, as an 'authority' on this board and it being your idea, why not post a few words to the ceo: he is most approachable

[richgit] 16/6/2016 09:53

How about the idea one Miner has...

Put 20-30% of production in a considered comparable vaulting.

That way investors know the Gold is there ready for sale at any time,yet they can value it now !! and hopefully watch the value continue to rise for the future.

Of course Gold will not rise in a straight line,so there will be peaks and troughs and no doubt the troughs will hammer the nerves of those that borrow shares.

For those that believe Gold will gradually hit new peaks over the years,then
sit back- pay for and relax.

Assuming Management here have a "steady ship" to steer.


IMHO

[wallywoo] 16/6/2016 09:25

I think it makes sense to ramp production back up to 50K ounces now. Especially if Don Tito exploration gives them a significant extra resources (maybe 200K - 300K ounces? open pit) They just need to find a way of funding the Columbia mine start up (joint venture??) and this <£10M market cap looks incredibly cheap.

[richgit] 16/6/2016 08:52

Everything is still in place to be able to ramp up production.

Personally I don`t want them to do that until Gold is firmly beyond $1900
as I certainly do not want any future tears of selling precious resources too cheaply if We do look back upon $1900 as far too cheap.

Mr Sprott suggested quite some time back that Gold producers should save some of their lifes blood resources for the days of far higher prices.

Mr Majestic Silver also tried to promote that idea (to deaf ears) yet now
some are taking note.

Of course the gamble is that Gold does what it should do ,which at least
History supports.

[rivaldo] 16/6/2016 06:54

Gold up to around $1,300 now....