Orosur Mining Share Discussion Threads

[thecynical1] 28/6/2016 18:15

abc - at 50p plus....I'd be happy to get involved in a fundraising...... : )

[abc125] 28/6/2016 18:07

SC suggested it would be 5 years before a mine was up and running in Anza. The OMI June presentation talks about setting up a low capex mine producing 25-30k oz per year. Granted they don't mention timescales but I don't think they mean to wait that long. Maybe OMI mgt are sounding out investors for a potential capital raise.

Personally I don't want to see any dilution until the shares are 50p+.

[abc125] 28/6/2016 16:46

Richgit, what is the background of the brancote story and how does it compare with Omi?

[richgit] 28/6/2016 15:48

I doubt the future of OMI is reliant or based on stargazing.

Usual idea is to sell when Zak Mir asks Mystic Meg for assistance and attracts
the Shareprophets Me too for 10 day brigade.

Maybe His charts can tell us what Management will have to say.


Having said that- The day we witness the Dot-Com of Gold era, the City Slickers
at shareprophets, and their followers, will be worth listening to,if only to know
what the massses of hold my handers are heading to next.

[wallywoo] 28/6/2016 15:21

good spot blueball hope he is right

[blueball] 28/6/2016 13:22

Zac Mir low 20's 35p in a couple of months.

[richgit] 28/6/2016 08:22

The answer to many taking their spread risks-could be to own both.


Hopefully when the Waymar assets come to the fore and no doubt a far more appreciative Market than we have now- Waymar could be perceived as doing a "Brancote" ie its value rising a comparabe 10p - £2+

Of course as the Waymar assets are valued at 0 or even -X then travelling from
that level could obviously be far more dramatic by comparison.

That travelling would also be as the Gold price is travelling,so Waymar could be the flying Scotsman version of Brancote if those past eye watering grades continue.

We have hardly seen the first rise of a mere 1% more investors believing in Gold and Gold stocks,so just maybe the Dot-Com era of Gold stocks is a very real foresight.

Will we see Gold at $2000 + and Paper Gold at 0 ?

An interesting thought as Paper Gold that cannot deliver Gold could be worth "paper"



IMHO





.

[rivaldo] 27/6/2016 23:16

Interesting comment tonight from Evil Knievil:



"Gold closed above $1,308 on Friday last. So, according to the charts, it’s upwards and onwards. By coincidence, the Orosur (OMI) management came by on Friday morning. As ever, I cannot satisfactorily prove that OMI is cheap in relation to, say, Shanta – since this is a political judgement with no proof expressible mathematically. But it still seems very cheap in relation to equities generally. The emerging star is Azna, the Colombian prospect which the market rates as valueless. This looks a big mistake even though it will take at least five years before Azna comes into production. The grades that have been recorded so far are really startling."

[gaaston] 27/6/2016 11:00

Royal Mint has sold out of its' one-ounce mini gold bars....

[mcfly79] 27/6/2016 10:30

The figures for OMI are starting to look very good with the gold price move and GBP weakening.

The current market cap of OMI is now $20m (£15m). Net cash at the end of Feb was $1.6m. This should have increased at the end of May because of operations for the quarter and also because we were due to receive $2.5m from the Uruguay government in April for the settlement of customs duty.

At current gold prices, and assuming the Q3 cash costs continue, operating cash flow could be c.$15m over the next year based on just 30k oz.

[wallywoo] 27/6/2016 09:35

year end trading statement along with 2017 planned and forecast due very soon. That should keep the momentum going here. Could easily see this over 30p in a month or so

[golla] 27/6/2016 08:25

18-20p here we come.

[blueball] 27/6/2016 08:25

I reckon 15p mid morning here.

[rivaldo] 27/6/2016 08:14

Nice. OMI are a lovely market hedge....

[gaaston] 26/6/2016 21:14

I was interested to hear Trump stating, in effect: "let's also give America back to our people and break the excessive habits of the corrupt financial elite". I don't know whether he's clean himself but, after Europe there'll be plenty for PM investors to think about in the months to come.

[abc125] 24/6/2016 12:23

Not many shares in issue here so this could move quite rapidly. And its debt free to boot. The last thing a company needs is debt if their is a banking collapse.

[someuwin] 24/6/2016 10:12

Moving up nicely.

[wallywoo] 24/6/2016 08:49

Yep historic day for us Brits. And a decision that will hold us in good stead in years to come, IMO. Ripples will be felt through the world, interesting times glad I hold a substantial number of shares here.

[wallywoo] 24/6/2016 08:49

Yep historic day for us Brits. And a decision that will hold us in good stead in years to come, IMO. Ripples will be felt through the world, interesting times glad I hold a substantial number of shares here.

[golla] 24/6/2016 08:46

omi should be trading way higher now.very cheap.

[richgit] 24/6/2016 08:34

Somewhat staggered,and glad to be so wrong.

It has renewed some faith that the UK voting system is still intact.

Who will take Cameron`s job,as we are told the pressure will be on to force
us to vote again.

We need someone capable of having the foresight to now pick the right trading partners for the UK as offers will pour in over time.


Did JP Morgan syphon off enough Gold in the push downs to push it back into paper Gold to partly calm the carnage at the Comex - ram the margins up ?

[scottishfield] 24/6/2016 08:12

Yes, as it should be imo. PM's generally should be ok imo.