Orosur Mining Share Discussion Threads

[seroserio] 06/7/2016 15:07

Thanks again abc.

[abc125] 06/7/2016 15:06

i differ from richgit. I do not believe gold is manipulated long term.

Intraday?

Sure, for a few minutes at a time. Its important to note that manipulations also happen to the upside as well.

This current upswing in miners and metals has the look and feel of a real bull market. Gold could get to $1500 by September before we have our first correction. After all, nothing goes up in a straight line. That will be when the second wave of investors join the market.

[seroserio] 06/7/2016 14:57

Thanks rich and abc.
In that case will there not be more 'smackdowns'?

[abc125] 06/7/2016 14:50

I think we have reached the point of recognition where the wider investment community is beginning to accept that we may have a genuine cyclical gold bull market on our hands. If that is the case, OMI should quickly get back to the 40-50p range.

This price range was prevalent pre April 2013 when we had the big gold smash down to $1321 and a confirmation of the bear market.

[seroserio] 06/7/2016 13:36

richgit
Could you clarify on the fraud you mention? Do you have in mind central banks and others?

[drradcliffe] 06/7/2016 13:12

Cyberbub - 870k oz resource (May 16). 150k at Reserve / 720k at Measured + Indicated classification. Production 35k oz per year. See corporate presentation.

[hazl] 06/7/2016 13:12

Am quite excited. Here we are climbing bit by bit,with impressive strides like today and even my little OVG unloved for so long has got noticed!

[wallywoo] 06/7/2016 13:04

SP up 200% in 3.5 months. Not bad!!

[richgit] 06/7/2016 12:54

hazl.

It was merely my test to judge whether some see minor dilution as dilution
or a potential to drive multiples of that amount in progression of Waymar`s
huge potentials.

Keeping precious cash(the lifeblood) and a chance to see what lies at The Waymar asset would make sense to me,albeit I accept at a higher price.

I don`t follow much of the nonsense discussed about the previous Management,as they were on the very verge of delivering huge returns and rewards.

Nobody quite saw the immensity of total Fraud used against Gold,and I do not
blame previous Management for not seing that coming in the ferocious form that was engineered.




However- We have a Management that has learned from the lessons of Fraud and Manipulation and should see us carefully progress to where We could have been.

[cyberbub] 06/7/2016 12:51

A seeming p/e of about 2.5 can't be rational. What am I missing - are reserves running low, or grades declining?Thanks.

[hazl] 06/7/2016 12:04

I would richgit , but perhaps there are different means if its really necessary?

Anyway if its true,that we are in a gold - bull now, then, at this moment,I am valuing the shares I have as more valuable than the profit I would get chipping them in today.
this time next year rodney!
Exciting times.

[blueball] 06/7/2016 11:49

No r me.
3 year chart says 40p which leaves no doubt.

[abc125] 06/7/2016 11:47

Richgit at the moment no, I would not want to see any dilution. We must wait for the gold price to hold above $1300 for 6 months and/or the share price to hold in the 40-50p range for 6 months.

[highly geared] 06/7/2016 11:36

I'd like to see the share price north of 30p first thus minimising any dilution to < 5%. Agree however that Waymar will be the blue sky driver here especially if they repeat the historic results.
If gold advances at the rate its doing then we'll see 30p in the next 2 weeks.

[richgit] 06/7/2016 11:27

abc125

So you would not support minor dilution for the potentials of multiples more valuation of the Waymar asset -than the dilution ?

[someuwin] 06/7/2016 11:18

Good buying today.

[abc125] 06/7/2016 10:59

I'm sure Salazar is keen to develop Anza quickly hence his visit to SC maybe. History shows though that if miners get hold of money too easily they waste it - remember Talca.

[photon] 06/7/2016 10:57

drago, we're looking at $400 an ounce profit relative to AISC at current gold price... annualised at 35,000 ounces is $14m profit, or £11m at current exchange rates.. so quick calc comes out with prospective PE of 1.5 at current UK share price.. not even taking cash or Anza into account.. I may be a fool but the share price looks stupidly low to me

[abc125] 06/7/2016 10:56

I'd rather they wait till the share price is back above pre April 2013 levels. Besides, they should be able to fund the drilling from free cash flow now. Tight money management is key to keep mgt focused on costs. Slow and steady wins the race.

[hazl] 06/7/2016 10:52

I think all small companies particularly those in commodities need finance to achieve their aims, but a strange time to mention it perhaps,richgit?

Looking at the financials,they seem alright for cash,I think.

[richgit] 06/7/2016 10:43

Purely out of interest,

Would those currently posting on this BB support a relatively small fund raise
for the purpose of drilling the High grade Gold Waymar assets ?

[abc125] 06/7/2016 10:07

They normally put out there FY results in August.

[someuwin] 06/7/2016 09:47

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

[hazl] 06/7/2016 09:25

the odd late trade,popping up


imo