Orosur Mining Share Discussion Threads

[tom111] 29/8/2016 17:31

Dont forget gold is only 3 or 4% down from its highs abc which is not at the moment any big drama neither is a measly 1/4 per cent increase in interest rates.The best thing that could happen imo is get on with it and then maybe we will see some drama like last time they put up the rates and gold took off

[abc125] 29/8/2016 15:47

I don't wish to be a downer but we could be looking at a multi week or multi month correction in gold stocks following the epic run from February. I don't think the juniors deserve to correct as much as the majors do. The likes of rrs and fres have tripled and quadrupled; the juniors have done well also but their percentage gains should be a lot bigger because of their size imo.

This scenario may not play out but it is a possible road map I am following.


1) ABC correction. A leg down from 21.75p to 15.5p = 6.25p pull back.

2) Next we should see a partial retrace to 18/19p in the B leg.

3) Final C leg down. If A=C we could pull back another 6.25p from 18/19p by mid/late september.

4) Resumption of uptrend past 21.75p

5) Or the correction may last longer into Q1 17.


N.B. we pierced the 50 day sma twice last week though closed above it for the week.

[abc125] 29/8/2016 14:59

I asked Mr Salazar some questions and I will post up his reply so that others do not have to repeat the same queries:


1) When is your Q1 results due? Am I correct in assuming Orosur will no longer be putting out production updates?
On Oct 17th. Yes, we said a few Qs ago that we were going to discontinue operational updates.


2) Re Page 7 of your results presentation entitled "Uruguay Exploration Project Funnel". What is the start date as I would like to know where we are in the time line.
You can argue that Year 1 is FY17. Now, I would not be too scientific about this slide. The expl strategy in UGY is a bit more complex and more dynamic than that. I put the slide to show/ illustrate that we have a portfolio of open pit projects relatively low risk that we will be constantly adding to our reserves and extending minelife. My objective is with minimum capital get maximum extra minelife.


3) Is the gypsum mine in Columbia which you are acquiring a functioning mine and will you put out an RNS when completed? And since Orosur is a gold miner what are the benefits (if any) apart from the regulatory requirements stated?
Depending how material for the company is, we will be updating the market. The MAIN benefit is indeed to preserve the huge strategic advantage we have with permitting in place. Additionally by being there on the ground, we expect to gain a lot of insight into operating in Anzá which will de-risk the gold project significantly at no cost. We are operators and believe more on doing things rather than on paying big $$$ to consultants to tell us what is going on.


4) Will Mr Marcet be divesting fully?
That is his personal decision. But there is no reason to believe he will, and in fact he expressed to us his intention not to do it.

[gaaston] 28/8/2016 16:42

Many thanks for that, richgit

[richgit] 28/8/2016 14:59

gaaston.

From what I understand you only pay VAT on your Silver if you Physically remove it from your chosen "Vaulter"- to Personally take delivery So (not on sales).

I use www.Bullionvault.com particularly for my vaulted Silver-so check out what they offer.

At some point I will probably also open an account with BitGold to add to the Royal Mint.

Those moving $250,000 +into Gold will consider Egon Von Greyerz /Mattahorn Asset Management.

[richgit] 28/8/2016 14:59

gaaston.

From what I understand you only pay VAT on your Silver if you Physically remove it from your chosen "Vaulter"- to Personally take delivery So (not on sales).

I use www.Bullionvault.com particularly for my vaulted Silver-so check out what they offer.

At some point I will probably also open an account with BitGold to add to the Royal Mint.

Those moving $250,000 +into Gold will consider Egon Von Greyerz /Mattahorn Asset Management.

[gaaston] 27/8/2016 20:21

richgit ~ do hope you don't mind that I have copied your above onto HOC, a thread currently in some disarray after weeks/months of constant bullishness. Admit to having done well there and here too.

Could you remind us where we might go for physical silver (without vat?) Many thanks.

[richgit] 27/8/2016 12:50

The Fed know their credibility is on the line,as Yellen risks (again) being perceived as- The Boy that Cried Wolf.

The train that never arrives at its predicted destination, which has so far been a near 50 year journey of a train fuelled by debt,always somehow merely temporarily derailed whilst its passengers remain oblivious to the fact that the rail lines ahead have rusted away.

Many months ago I suggested they would be forced into a Micro increase-come what may- and of course they did just that.

I think with many events on the Horizon,they may be forced into another Micro increase in September,as they surely (?)know they will not be able to in December.

December could then be the excuse to blame their plight on much else and reverse course and hit the print button until they literally can no longer do so.

A market in total disarray as all try to second guess the typical "nothing" conclusive from Yellen.

Let`s see if any hints that Fischer is jawboning under instruction to test the Market and whether they can control "buy it ? " for a September Micro hike.

All conjecture,bar the simple fact the US will add at minimum another $trillion debt this Fall....and then another- and then another - for what could be infinity unless someone gets to grips with their debt only economy..!!!

Whilst Reserve currencies are printed like Confetti,Gold money will become ever scarcer so those that consider it a return of their Money- will continue to do so.

I cannot comment on paper Gold,as it is an obscenity of leveraged paper(no Gold)with 1% ever expecting to receive any Gold from it.

Paper Silver is now an obscenity never witnessed before,as JP Morgan commit every fraud available to them with impunity as the so called Market doesn`t notice- yet it will get a severe shock one day !!!





.

[abc125] 26/8/2016 19:48

We could be in for a period of volatility for a few months while the gold market digests its big gains. I've got my core holding which I won't be selling. There is a risk we drop down to 10-12p (200sma) but i will simply just add on weakness, after all, it is a multi year bull market (unless gold drops below $1200).

[tom111] 26/8/2016 18:56

Yellen plays softly,softly and second in charge jumps in with both feet and states there could be 2 increases this year,what a shambles.Still they do have a 1.1 growth rate so they need to put up rates lol

[tom111] 26/8/2016 16:51

Looks like Dec is the earliest now for a rate increase unless we have extra strong numbers next Friday re employment.So unless that happens we should have a clear run up to the US elections with gold going strong from now on.We live in hope

[richgit] 26/8/2016 16:01

There we have it.

Mindnumbing total nonsense.

Yellen thinks the Fed is a Plumber- with some imaginary Toolkit to fix the leaks,
which could come, or may not, yet probably will,though as leaks appear in an instant We need the tools to fix the leaks and be prepared for the flood after it has drowned us,if we didn`t spot the leak in time.


In other words - "grab you lifejackets and keep them on !!

[tom111] 26/8/2016 13:46

GGP in US amended to 1.1 from 1.2 with company profits also lower.Gold nudged up again should be n interesting day

[tom111] 26/8/2016 12:18

Gold has moved up to $1328 and on the rise at the moment.Around 2pm we will get a strong reaction from Yellens speech either way short term.last time they put up interest rates was a start of a bull market for gold.Anyway any hawkish news from the fed will send markets into a spin.

[wallywoo] 26/8/2016 11:49

actually advfn info is wrong IMO. There are just under 100M shares. So with a share price of 16p, that's a mkt cap of £16M.

But still cheap, just getting hammered by the general sell off of gold miners over the last few days not OMI specific or that it is over priced IMO.

[rivaldo] 26/8/2016 11:36

The m/cap is now £12.3m.

Yet Edison see OMI as finishing May'17 with US$12.5m net cash at a gold price of around $1.337 this financial year (which is already a quarter of the way through at prices generally above that level).

Which leaves the rest of the business in for barely anything.

[richgit] 26/8/2016 10:36

It will all be that useless hindsight.

Obviously Chartists follow Paper Gold that has been charted for decades,yet its ability to deliver any Gold has reduced to vapour in the ludicrous leverage.
If Paper Gold implodes, as it certainly cannot deliver its IOU of Physical,then
How would we chart a circa 2000 tonnes coming to actual Market and a mere 3000 tonne demand in such event !?

Producers would simply ask " How much are you bidding ?"


Those that have parked money in paid for vaulted Gold certainly wont be budging,whilst I haven`t a clue how long JP Morgan`s multi month win win of scamming and skimming Margined Gold & Silver can last with their Licence to Fraud
and print shorts with impunity,yet all such things meet the Brick wall of settlement.

There will potentially be an eerie silence from the virtually Consumer only US economy and its maxed out Consumer debt reality coming in the next few months.

The Auto sub prime is getting so bad that they are searching for the Deceased that managed to put a X on an Auto Loan agreement dotted line.

[highly geared] 25/8/2016 20:12

Chart support at $1320 then support at $1300 at 100 day SMA. After that 200sma (key back test) that's trailing up around $1225.

Most major moves back test the 200 day so possibly might see a move down to say $1260 in September/October. The FED is desperate to raise rates as it gives them ammo for the next recession but I cannot see more than a bit of fiddling with say one 0.25% rise this year then maybe another 0.25%- 0.5% in 2017. Otherwise they kill the bond market and bring down the financial system whilst strengthening the $ and killing exports and causing recession.

Despite the fiddled NFP figures indicating almost full employment, where is the cost push inflation? Demand side is mostly debt fuelled consumer spending.

[abc125] 25/8/2016 19:58

I don't expect gold to go much below $1300 if at all. A corrective pause, a bit of back and fill, is necessary to keep the momentum going for the long term. Anything that goes straight up will just crash back down.

[tom111] 25/8/2016 19:34

Wall Street is sky high,yet profits are falling, to put up interest rates will be very interesting,let chaos ensue.Lots of buyers coming in at this price.after all gold is still a lot higher than it was at the start of the year and we have the all important elections in Italy in Oct and US Nov all going to be exciting stuff

[abc125] 25/8/2016 19:19

We need to wait for the weekly close tomorrow but I think we might be entering our first big correction in the gold market since the uptrend began in the new year. I will put up a weekly chart on the weekend. We could retrace 30-60% of the gains from 5p; some punters may panic but I will be looking to add.

[richgit] 25/8/2016 14:28

tom111

Short term- I haven`t a clue.

The Cabal seem to have been in trouble and all the so convenient fabricated Market nonsense comes to the rescue as they have to slaughter the margined players in the Comex Expiry.

I can only imagine there was a "gold problem"

That problem will be back when the Fed eventually loses the last shred of any credibility

I can imagine in the Fed`s self imposed trap- it will be -"maybe...if this..if that..,could be..., may not be...,we shall see "............December rate Hike.

.

[tom111] 25/8/2016 14:02

lol so where do you see gold going rich from here

[tom111] 25/8/2016 10:15

Weak data come in from Germany this morning causing the DAX to fall sharply,Yellen speech tomorrow is causing the gold price to fall imo but with bad data from Europe coming in cant see interest rates going up shortly.Could get a nice bounce next week.In the meantime I see plenty of buyers here and OMI is very profitable at these prices.gla