Orosur Mining Share Discussion Threads

[simon cawkwell] 16/8/2016 07:25

Gentlemen,

It's been a long wait but OMI is clearly on an upward run. I do not know what the share price should be pursuant to this morning's results announcement. But it should be a lot higher than 21p.

Simon Cawkwell

[richgit] 15/8/2016 11:15

It`s all opinion-until the Management statement,

However IMHO,this is not the time to consider any material increase in production.

I see no rush,as the BIS has to rescue (Scotiabank ?)in the Paper Gold Manipulations,which shows the World and its Poker Players that the Manipulators
have an increasingly weak hand.

Having gone from a circa $500Million futures smash in early 2013 which did produce a damning result,they have had to resort to $2 Billion twice with diminishing return,
and now $5 Billion ? in desperation !!!

The Cabal and some member needing rescue by the BIS,(again) says it all,and if it is Scotiabank,then they are also the heavily immersed Gofer for JP Morgan in the grotesque Paper Silver shorts.


It is possible that this Management will wish to remain ultra cautious,and may consider (that dreaded word)- a hedge- for any increase,and $1300 is not high enough.

A partial limited period hedge may make some sense at $1500 for production increases.

Any mention of considering an to attempt to drill the Waymar assets in the medium term will be very welcome.

Meanwhile OMI need that bit of luck in finding the next version of what they believe exists,yet a steady ship to steer will keep this low valued producer
in the spotlight.


IMHO

[wallywoo] 15/8/2016 09:59

you might be right abc, perhaps wishful thinking but I was thinking that much of the underground costs have been taken this year and that there would be a significant increase in expected grade for this year (hence less cost). Time will tell, and will depend on the Don Tito drilling results which we won't know til tomorrow.

They have also reduced running costs significantly over the last 2 years

[abc125] 15/8/2016 09:42

Sorry wally woo. I just reread your post. How do you expect Omi to produce 50-60k oz at $900 aisc? Higher production will involve greater capex and expex in my view.

[abc125] 15/8/2016 09:38

I'm not sure if they will commit to increasing production to 50-60k just yet. They may want to see prices hold above $1300 for several months besides, would that not increase their AISC above $1000k per oz given they will have to take on more staff and the higher costs associated with that marginal production increase? They may guide up to 35-40k in my view.

[wallywoo] 15/8/2016 09:29

abc: I expect production guidance for Uruguay mine to be 50K+, with a AISC of $900. Historicly they have produced at least that much for years (and reduced it for gold price reasons rather than anything else and that now has gone) and with Don Tito and the new underground mine coming into the pipeline this should be easily achievable

[abc125] 15/8/2016 09:10

Here are my expectations for tomorrow:

- profit: $0.5m; excluding $2.5m tax refund.
- reserves:+100k; new additions + reinstatement of former uneconomic reserves at lower prices.
- cash balance $5m;no debt.
- production guidance:similar but news on fast tracking Anza.

I believe Orosur would like to get back to producing 50-60k oz per annum but that the extra production should come from Anza where AISC will be comfortably below $1000 given the higher grades.

2016-17 should be a transformational year. I believe the broker is pencilling in $11m pre tax profit and $0.4m for the FY just ended in May.

[abc125] 12/8/2016 19:23

The reason I closed my gold spread bets is in the chart below. We could zig zag for a few days but gold will have to make up its mind soon as it approaches the apex of the wedge. I still think it will resolve upwards but am flat currently.

The day to day fluctuations in the gold price does not seem to bother OMI however.


GOLD 3 HOUR

[abc125] 12/8/2016 14:10

I closed my gold positions on the the spike to $1355 today. If price goes above $1358 (prior high) I will have made a mistake but I think it might come back down.

[richgit] 12/8/2016 10:31

gaaston.

It is possible they could introduce high rates of CGT for Gold profit if Gold
eventually soars to such heights,so We would look for any legal loopholes to
shelter against such a Tax.

At the moment I hold mainly Physical vaulted Silver,as nobody seems to say much about Silver confiscation,but then similarly anything could happen if Silver is eventually classed as a fast becoming extremely very rare Precious Metal and vital Commodity.

I will think about that if Silver hits Mr Silver`s $120 target.

Hopefully a nice problem to have,if some stock picks are enjoying Gold & Silver
at such levels.

So much will be hindsight and whether we get a Market crash and a panic sell
everything and whether the Majority of those invested in Gold ETFs have no huge margin calls to deal with in the Fantasy S&P500,Dow.FTSE100 etc.etc

Nobody truly knows the consequences of this Margined everything World,as those ETFs will certainly be the target when Gold/Silver shortages come about,with no doubt huge attempts to cover up some ETF`s not holding the Gold they are supposed to,like the new attempts for London and the Cabal to increase the nonsense of filling Black Holes of missing Gold with more - Paper Gold (Missing Gold).


There will be some attempts to frighten Gold holders,as there is no doubt that
China.Russia,India and many others will not let go of their Gold,which only then leaves "Fort Knox" and those ETF`s to extract it from as World production starts its decline-plus less and less of World production will actually come to the General Market.

In reality if the IMF have to consider massive utilisation of SDR`s at some point if there is any collapse in confidence of the World`s reserve currencies,then surely the IMF cannot let go of any Gold like the nonsense when faced with a far lesser Gold problem the last time they hung a Gold sale over the Market.

Maybe they will attempt rumours of Gold confiscation to release some Gold.

I wish I knew- but then take opinion of so many so called experts and you just end up more confused.

Not to become an Ostrich I often listen to opinions from Mr Dent vs Mr Rickards,and tend to think Mr Rickards has a better grasp on eventualities,as He can certainly demolish most other so called experts.

Opinions-opinions.

[gaaston] 11/8/2016 21:02

Amazing stuff, richgit, yet regret that at my advanced age I'm unable to respond in like kind.... right now I am almost totally focused on PM's for a final investment fling. My broker hasn't thought about these stocks and puts clients into Blackrock et al should they ask about gold.

Potentially this little gem should perform together with others which have barely started to move like EUA. Those in HOC have done tremendously well and I took advice to jump in there from a fellow poster on CGH :((

Apologies for being O/T

Bit worried that our gov't could close all uk vaults for physical and steal Brits gold should the metal reach the skies of $5000 and beyond. Some 'tax' take !

[richgit] 11/8/2016 16:49

Lol.

gaaston.

I refer to the Nanny Brigade that has gone beyond advising what you shouldn`t do to imposing "Cannot do "

You look back on how in the earlier days Euroland pensions would be fantastic,
We were supposedly so rich that all we had to focus on was shedding a tear for,
and throwing money, at those that hadn`t found the formula of Guaranteed riches.

We could have Human rights galore,never ingest germs,and stop Children playing games as they may injure themselves- with Ambulance chasers to the fore

Dont climb those ladders - put up scaffolding.

The nanny brigade of "You cannot do this and shouldn`t do that"as your Government will lead you on the right path to eternal youth,riches,tranquility,or we can dose you up with Valium if you cannot see the wonders ahead.


That "nanny Brigade" imposition has accelerated pro-rate to the crumbling of the illusion of Riches,which evaporated in debt creation (not real wealth),either because our Masters are preparing us for the Robot World,or the Nanny Brigade just simply remain in denial that we simply cannot afford them.


This has all led to huge problems of ever starting a Business,as the Nanny Brigade make it ever more difficult and seemingly now add even more impositions
and barriers to starting any Business in the US.

Those impositions of Nanny Brigadeism seem to extraordinarily increase as
the US,Euroland,etc sink into decadent destruction- so are they foretelling ?.

[gaaston] 11/8/2016 15:59

richgit ~ I have put your post into Google for a translation into Queens English: no response as yet :))

[blueball] 10/8/2016 19:17

stay long.

[abc125] 10/8/2016 19:12

Orosur held onto its 10% gain despite golds sudden $14 dollar drop from $1357 to $1343 late afternoon today. There is no need to put up a chart as spot gold is following the road map outlined in post 15120.

I added a fourth long December gold spread bet at $1350 on the drop($1345 spot gold equivalent).

[gymratt] 10/8/2016 16:22

Took another 2k @ 20.85p ;@)

[bushtuckaman] 10/8/2016 10:47

abc, please keep the charts coming! ;-)

[blueball] 10/8/2016 10:29

I go along with 30p by Friday.

[wallywoo] 10/8/2016 09:23

good chance of this being 30p+, in 1 week after the results on the 16th. Chart shows no resistence, everything lined up IMO

[blueball] 10/8/2016 09:00

Chart turning this morning.

[gaaston] 09/8/2016 22:07

No problem abc125: I am thinking of topping up some stocks should pog stay flat. Holidays and a traditional quiet time etc: but so easy to get caught out. You might well be right. I think ahead having cash for any big fall in industrials. I cannot find the article but a neat guru thought it possible for gold AND regular stocks to climb simultaneously... inflation will rocket not too far out is my mantra.

[abc125] 09/8/2016 18:21

No problemo gaaston.


p.s. I think gold has bottomed. The move from $1330 today was strong and impulsive. Its quite surprising that a lot of gold newsletter writers are looking for a big correction and, simultaneously, keeping their subscribers side lined. IMHO, they need to take into account the preceding 5 year bear market which collapsed GDXJ by 88%.

A big correction will come but it will be from higher up.

[richgit] 09/8/2016 16:17

A battle of the WSJ Mouthpiece told to talk about potential rate rise
against Inventory build up.

If that Auto inventory dosn`t deplete they will have enough vehicles to supply into 2018.

Next offer "2 for 1 - His & Hers " ? and pay from Death Taxes