Orosur Mining Share Discussion Threads

[iantrader2] 18/8/2016 11:19

latest Edison report

[richgit] 18/8/2016 10:25

The period from circa 1998 -2011 $250-$1900) was the Battle between Gold & Printed IOU`s.


Now we are in the WAR of Gold Vs printed IOU`s.

In this War period the Anti Gold Cabal will risk losing the Last Ounces of Central
Bank/Fort Knox Gold - they dare to- in desperation of holding up any remaining
belief in Paper Currency.

I can only imagine that they will reach a point of closing the Comex Casino and settle all in $dollars whilst some accept immense losses in the unwinding,as opposed to potentially Catastrophic losses.
Unless they can engineer a huge smack down,which also may be the event to close the Casino,even if only temporarily,to settle all at the engineered low.

It would only take 1 unforeseen Market event to crucify some of the Big 8 shorts
in a situation where Gold soars $100.

If they have already been forced to bail one of the Big 8 shorts then the stress
leads up to the next and then all the way to Dracula (JP Morgan),whilst the BIS cannot infinitevely come to the rescue.


Of course Dracula will be well protected with its balancing longs and millions
of Ounces of Silver,but some wont be.

I will be waiting to see when JP Morgan makes its move to mop up all the Silver Eagles available which will be the next sign they have pushed Silver to what they
consider are its period lows.

They are the Gangsters taking all those Silver Eagles,whilst Joe Bloggs completely
ignores Silver and its potential immense looming scarcity,whilst Dracula acts illegally with impunity to Manipulate Silver and amass their Millions of ounces
for themselves ( or the US Government ?)

[breaktwister] 18/8/2016 09:25

I like your thinking RG. I only asked as I am a part-time investor and don't have the time I would like to look closely at all gold miners. I have space for one more in my portfolio and I have to say that it looks like it could be CGH.

[richgit] 17/8/2016 15:32

breaktwister.

I try not to offer advice,other than suggest a spread of risk of several producers in a numbers game -and then some "what ifs".

We have so many Funds saying they are flocking to Gold,yet many are flocking to
the margined over leveraged "paper Gold" Market as JP Morgan.HSBC,etc (with aid from the BIS)lick their lips in the thought of demolishing them and their Margin Calls.

That is so far removed from investing in Gold,as it is a NO GOLD Casino that only
really delivers paper,so gawd help anyone invested with those particular Fund Managers.

That`s why the Cabal Gangsters employ the best of chartists,so they can fraudulently engineer and create the charts that tell the Margined Comex technical players to "sell"

I daresay they will be forced to engineer another real smack down,whilst they have
to balance that with "Physical Buyers" jumping on every ounce of bargain Gold created - and more !!!.

The Fed`s mouth pieces with their will/wont raise interest rates and "buy the $Dollar is getting very tiresome as the Central Planners buy the stock Market.

Everyone will eventually get Fed up with the Fed and those that feed its fantasy.

China gobbling up SDRs !! so maybe Mr Rickards is right.

[breaktwister] 17/8/2016 13:05

richgit, what are your favoured gold plays? I am in here and TSG. Missed out the beginning of the rise this year in gold mining stocks but did hold a long gold spreadbet so didn't miss out entirely.

[billthebank] 17/8/2016 09:34

As POG say moves to 1600$ just try to get that around your head then imagine what every additional $10 rise means after that Exciting times here. Anyone any good at maths on 40k ozs?

[richgit] 17/8/2016 09:32

It is the Summer doldrums,and overall the vast majority are not looking at Gold,and of those that do,there is still a belief they can sell and get back in cheaper with most Gold related stocks.

They have missed the stocks where there is already no chance of getting back in cheaper than when they were selling for their comparative 0.


As some of the Major producers start their more realistic re-valuations and gradually start their heading towards the stratosphere,all else will eventually
become a comparative of accepted valuations until the days of 2 shovels and merely a Gold target are valued at £25- £50 Million +.

For those that will eventually flock to London listed Goldies,I look at the list
of what could be "the last Men standing" as some have been snapped up by predators in opportunism.or consolidation.(AMARA)etc,as We wonder who is next until one of the the last Men standing is asked "To name its price "as Majors run out of their own future resources and their Investors are screaming for more.

From the revalued Major producers down to the Junior producers,and then the "what ifs"

In the last men standing We have the likes of HUM,and the likes of totally unloved CGH with its circa 7 Million ounces,leading down to the likes of microcaps like OTC,NMG,etc.

In 30 years of following Gold and Gold stocks I have never witnessed such undervalue for those with arguably "the potential" of producing the only real Money around.
I have certainly never witnessed 7 Million believable ounces being valued at petty cash regardless of Market sentiment,considering Gold is starting to face its scarcity.


Hindsight will tell us all "which were the last Men standing"and of course
"The last men standing" will have hordes of investors flocking to them.

Hopefully there will be years ahead of new investors entering that guessing game,and whether we witness the new Dot-Com Gold era akin to Baltimore,Knutsford group,Last minute Dot-Com etc etc is a possibility in the next couple of years.

I wonder which will be the "Last Man Standing" and "name your price"


Merely my own observation.

[highly geared] 17/8/2016 07:48

QS, yes as per my posts yesterday, OMI is way too cheap and should be c. 40p now just to reflect near term fair value.
Assuming gold continues north toward $ 1500 over the next 6 months I think 75p - £1 will not be unreadonable. We now have a well run company with tightly controlled costs with 35-40k oz guaranteed annual production with huge upside re: the Anza Columbian asset.
Best risk/ reward junior gold stock around ( no debt!).

[qs99] 16/8/2016 19:51

thanks blueball...blimey so it reckons DYOR etc that 1.2 X EV/EBITDA at current POG....despite this year's rise.....wow, thanks for posting, makes me confident in my purchases today and before and may even top up some more....DYOR but reckon the broker TP also looks bonkers (low) on that basis....views anyone else?

[abc125] 16/8/2016 13:53

If any one here is going to be in on the tele conference call maybe they could ask the rational of taking ownership of the Anza gypsum mills and exactly what they are taking ownership of as per the results announcement today.

[qs99] 16/8/2016 10:38

BTB thanks and agree. market cap looks odd, even if known gold in ground gave them 5 years more, at POG and all in costs of production, they should IMO deliver a multiple of current market cap in cash....let's see..

[billthebank] 16/8/2016 10:31

Personally I am not moving from here for some time partic with the gold price as it is Can you imagine where we will be when the POG hits $1500??

[billthebank] 16/8/2016 10:30

QS99 SC has had a position here for some time and from memory he was looking for 16p. Could be wrong but that is from memory. Clearly different ball game now!!!

[richgit] 16/8/2016 10:14

Those that gamble buy for results will sell today regardless.

A steady ship plus some mention of the Waymar assets.


Underpromise and over-deliver is the game plan,to keep all focused on the undervalue.


Is the anti Gold cabal losing the plot ?

Years ahead for OMI to unleash the Gold and find more ?

[qs99] 16/8/2016 10:11

Morning Simon C good to see you on this thread. Are you buying more or do you have a position already if you don't mind me asking? do you have any price targets in your mind given price of gold and this year's forecast? Many thanks in advance

QS99

[qs99] 16/8/2016 10:01

indeed btb that is my view also,....

[billthebank] 16/8/2016 09:53

Great results partic as our cap value is so low @£16M @ current share price A profit fig for next year of £13M which one would hope for then even on a PE of 5 only would see an share price of 80p next year!!! Unless I am missing something Great entry level even after the upsurge in this very undervalued share

[qs99] 16/8/2016 09:20

And POG up nicely today as well...

[qs99] 16/8/2016 08:43

great thanks HG for that analysis, much appreciated

[highly geared] 16/8/2016 08:38

Just has chance to look at results further and my projected figures improve further. FY16 cash operating costs were $877. Assume say $900 average for FY17. If they hit 40koz production and assuming POG average $1350 then this will throw off c. $18 million operating cash flow. Assuming $1.35 average exchange rate = £13.33 million.
AISC is probably the more prudent figure to look at but with this now below $1000, the figures are very good.
If , as many anticipate, gold continues its upward moved then the share price is "highly geared" (excuse the pun) to POG.
Salazar has done a good job keeping OMI going through a terrible gold market, has cut costs,, reduced debt and got the business in good shape to benefit from a rising gold market.
For me, assuming the current gold environment will prevail, OMI is way too cheap at the current market cap, barely 1.2x operating cash flow on the assumption above)and should be nearer 40p to reflect fair value. With the potential bonanza upside of Anza, OMI is a very good risk reward play with little downside at current levels, all of course assuming POG remains strong.
All the best.

[abc125] 16/8/2016 08:11

Q1 results in October will be the first set of clean results with gold in the $1300's.

[qs99] 16/8/2016 08:06

Good morning all. Cracking set of results...debt free and POG now materially higher than reported in these results....if HG is right and c.$16m could be on the cards this year DYOR etc then SC is right, 21p is a good "in" price and have bought some more....DYOR and IMO etc.

[blueball] 16/8/2016 07:58

I'm guessing 22p after these good results.

[highly geared] 16/8/2016 07:27

Results solid and in line with expectation. Operating/ finance metrics all moving in the right direction. The results actually reflect the worst year of the bear market in terms of the price of gold @ $1154.
Based on hitting the upper end of their 2017 target of 40k oz and assuming say $ 1350 average POG then operating profits will be c $ 16 million for 2017. With options on the table for Anza being considered, all to play for and very cheap at current levels.