Orosur Mining Share Discussion Threads

[richgit] 06/7/2016 09:20

wallywoo.

There is a very long way to travel yet - hopefully.

I have said it many times...

When we start to see stocks where they just have 2 shovels and a drilling target
valued at £25 Million- is when others with undeniable/believable assets and prospects really start motoring.

I daresay many that currently trade Gold stocks,still don`t believe Gold can go
much higher over time and that is out of a very tiny percentage currently even looking.

No doubt there will be another attempt by the BIS to send a $1 or £2 Billion nuke into the futures Market,whereas Yesterday they must be wondering if they actually lit the fuse as the Nuke fizzled out within minutes.
No doubt those desparately sending out an SOS just laid on more shorts when the nuke left its missile base -instead of running for the Comex exit door whilst it was momentarily open.

I wonder what their plan B or C is,yet like all other things the delinquents think up-it will be merely another - can kicking.

IMHO

[drago] 06/7/2016 09:13

i think so too.
please someone correct me,
30000 oz at , say, £200 profit an oz = £6mm on a cap of £12

no debt
ability to raise to 50000 oz
and a trump card of waymar

compared to some of the other wee goldies its surely not grossly overpriced.

[hazl] 06/7/2016 09:09

gold up 11.40 now


imo

[blueball] 06/7/2016 09:02

Top riser today at 16p its still very cheap.

[rivaldo] 06/7/2016 08:56

Nice - 31,600 shares just bought at 16.77p, way above the published 16p offer price.

[wallywoo] 06/7/2016 08:30

last time the gold price was at these levels was 2011, when OMI had a earning per share of 24p.

Just thought I would put the current share price in perspective. In chart terms once 18p resistance is broken there is very little to stop OMI getting to 40p

[hazl] 06/7/2016 08:25

sometimes its really difficult finding time

for breakfast...........

[someuwin] 06/7/2016 08:08

Can't buy many.

[blueball] 06/7/2016 07:35

Should rise to 16p today on the back of positive gold price.

[rivaldo] 06/7/2016 07:20

Gold up to almost $1,370 now....

[hazl] 05/7/2016 15:06

GOLD turned positive..........

[richgit] 05/7/2016 14:52

At the moment I am intrigued with Dracula (JP Morgan)that no doubt would let
the Fed fry and all mankind as it is only interested in its own survival.

This is the Dracula that has skimmed off Millions of ounces of Silver for itself
and no doubt possibly to be unleashed at $120 per ounce (or more).

The intriguing situation is that Dracula spells out its knowledge/belief that the Banking sector is to be crucified unless Trillions are to be printed.

The same Dracula that some must be pleading with to save them from meeting Dracula`s Boss- Satan- on the path to their destruction with the obscene Silver paper shorts,which Dracula controls with its Vampire go-fer Scotiabank.

I wonder if Scotiabank fears Vampire cannibalism,as Dracula could decide at any time to blood let them all or simply let them burn.

Will Dracula save them ?


I haven`t a clue of course,yet we know that when the time comes it wont be mainly blood that Dracula has been stuffing its coffins full of - but Silver & Gold.

[hazl] 05/7/2016 14:40

gold recovering some of the losses on the day....

imo

[wallywoo] 05/7/2016 11:30

There is an updated presentation on OMI's website with a picture of first blast on SG deep, dated early May 16.

[hazl] 05/7/2016 08:31

Well, well, well, Greenspan advocating a return to the gold standard!

h

[richgit] 04/7/2016 16:14

hazl.

I wont know for a couple of years at least,as I think Mr Silver`s call for
$120 is quite probable.

Dracula will be called upon by some shorts that are facing ruination,in both
Gold & Silver a sthey plead for an intervention/manipulation of Paper.

No doubt the BIS is contemplating some Nuke into the futures Market,yet if
Physical does overrun paper then the Comex could be sending a false message.

We await that day,yet whatever troughs are to come,there is little to stop
the Printing presses going into overdrive,and thus a continued flow of Physical cash buyers,as Dracula et al will attempt to dump some out of the ETFS like
attacking CFD`s.

It does look a fair bet that we will see $1400 this year,regardless of the attempted Paper Nukes.




Dare they ?

[wallywoo] 04/7/2016 13:14

worthy of note that OMI produce silver too as a by product. Does not get reported much but it will reduce TCC for gold. Silver production around 5,000 to 10,000 ounces a qtr.

[hazl] 04/7/2016 13:04

Well done on your silver call, spot on,by the way.

[hazl] 04/7/2016 11:47

Yes always true richgit and I do worry for the people in the general market, though, they might keep it going a bit longer in the US with elections coming up.

IMO

[2sporrans] 04/7/2016 11:44

Building some POG headroom above the $1,300 threshold Salazar has stated as level to trigger revived open pit production.
He put this across pretty conservatively; wants some conviction the average POG will stay above $1,300 for years rather than months ahead I think.

Still, investors must be increasingly pricing in the likely hood of a return to 50k+ production from the 35k level today.
Typically, this extra 15k from open pits, had an average operational cost of ~$1,100-oz but probably a tad lower now due to substantial $<->Peso appreciation + lower fuel costs.
Even on $1,100-oz op. cost basis, the extra 15k of production will be quite bottom line enhancing as the mill capacity should not be stretched, tailings facility ditto.
Not sure how O.Pit specific plant has been mothballed; hopefully most of the requisite machines.

I'm with Wallywoo, hoping for open pit resumption sooner rather than later.
The risk of POG fall to below break-even O-pit profitability seems to me now several months distant; by that time the POG may well be $1,400.

In particular, EU/Brit + Japanese increase in monetary palliatives, further driving down AAA bond yields and deposit rates into increasingly -ve income skew looks highly probable.
Watch the Italian Banks bail-in situation; very interesting.
All great for POG...POS etc

[hazl] 04/7/2016 11:41

effiert 8-)