Orosur Mining Share Discussion Threads

[qs99] 30/9/2016 10:34

and POG moving ahead again nicely

[qs99] 30/9/2016 10:04

moving nicely now

[qs99] 29/9/2016 12:14

ok thanks all, me thinks that comewhat may, people will look to gold as they have done for centuries as a place of safety and as you say given current risks that should IMO underpin the POG...which should help OMI, SHG, POG etc to throw off decent levels of cash and bolster the share price or pay out decent divis....let's see what the next RNSs for all have to say...

[richgit] 29/9/2016 11:47

abc125

If I truly knew "when" I would be seriously rich- yet I do not- so just post my cautions of what ifs stalling the next Gold run.

The truth is certainly looming in the next 3 months,and its just a matter of how or whether-it can be covered up.

Personally- considering the Mr Rickards versus Mr Dent opinions,I do logically
think the Central Planners will do everything possible to get their inflation as they fear deflation with a vengeance,yet whether that means a period of massive deflation first- only hindsight will answer.

Mr Dent`s case is that the $Dollar will soar and Gold will be sold off in His deflation scenario,(which I find hard to swallow),albeit He does believe inflation and soaring Gold would then eventually follow.


Most people are currently witnessing forms of Inflation/Shrinkflation and are not earning more whilst interest rates can barely go any lower ie Mortgage and Card debt payments.

I cannot see how they can risk the implementation of "Bank Bailins" as that would surely be Game Over and utter Joe Bloggs panic -so assume there is going to be some form of printing to infinity coming in 2017.

There is of course always that possibility of suggested repricing Gold to $10,000 but maybe only when QE to infinity has exhausted the worth of Confetti- in which case it could be Gold at $50,000.

[abc125] 29/9/2016 10:59

I would like to make one other point. I have a sneaky feeling that OMI directors are seriously considering whether to initiate a dividend policy when the Q1 results come out on the 17th of October. With strong gold prices and no debt they will be throwing off cash. Their stated policy from 2012 was to return 30% of free cash flow to shareholders. As far as I am aware, that intention has not changed. Besides, given the trauma of the last few years, there will be no thirst for acquisition binges or overly excessive exploration expenditure imho.

What else is there left to do other than return cash to shareholders?

With current spot prices, OMI should comfortably produce $5-6m per annum pre tax profits if they keep a rein on their AISC's.

[abc125] 29/9/2016 10:42

richgit, gold has been in a sideways range for 10 whole weeks post brexit and the lowest it has been is $1302. The odds favour an imminent break out. Its more risky being out of the market imho. I've added further in OMI this week.

[richgit] 29/9/2016 10:26

QS99

There hasn`t been an illogical time to buy Gold since the US came off the
Gold standard,yet logic can be defeated for extended periods by the sheer power and momentum of engineered illogic and falsely created sentiment.


Personally I think more will seek insurance with Physical Gold,yet many are seeking
Insurance with forms of leveraged Gold as leverage is the addiction ,and all things leveraged can be manipulated,as we are witnessing when $Trillions of Confetti are sloshing around and Fraud is the new game in town.


That is how the Cabal smashed the Major Gold stocks beginning in 2011,as obviously
that is smashing the margined with (naked/illegal/turn a blind eye ?) shorts with
support from the Powers that be that wanted all sentiment crushed in Gold.


We have NEVER witnessed such a case for Gold and arguably that was certainly the case in and from the days of $1900- yet of course EVERYONE talks about "Margined paper gold" and technical charts that the Cabal Manufacture for the Technical Traders and then smash as expiry looms!!

I never thought the Anti Gold Cabal could smash Gold below $1300 yet whilst the
central Planners offered a "we have your backs" rollercoaster of QE stock Markets
and make a mint from obscene Property value flipping-nobody wanted to miss out and hold Gold (bar the East).

I don`t think there is any genuine argument from anyone- that Gold will not soar,and as far as the Chinese.Russia,etc are concerned will be THE asset backing for whatever new system is eventually created as per Mr Rickards`/ IMF SDRs.

It`s just the timing and events,and whether the Central Planners can hold the relative calm longer yet- with the $Trillions in the hands of Robots to smash shorts in the Markets and "BUY" the stocks no matter how overvalued ?.

The East wont complain,or indeed those in the West,at obtaining more theft of bargain manipulated Physical Gold and Silver ,yet I daresay there is some truth- that as China has advised its Citizens to accumulate Gold they will not want Gold to see certain lows in Gold !!



Obviously if Gold can maintain a $1200 spot and looks like it can be contained,then
I would argue $1200 is not a bad place to be.

Anything better is awesome,until the days of $2000-$10,000 as a probable inevitability of Central Planners that do not now know what they are doing and have no clue what is coming or how to deal with it.


I will hold my Physical Silver and some Gold for as long as it takes-and then some- whilst at some point trying to judge whether I should exchange $120 Silver ?for X$.....in Gold (that`s at least My game plan theory)


I will hold my Gold & Silver stocks and hope the Cabal cannot take Gold below
$1200 for any extended period (whether they can or not will hopefully soon be witnessed in the next 3 months ?).

Expect the worst as bargain to buy,or cheer if buying an obvious rollercoaster of momentum,as we look back on all those that lost their shirts shorting the Dot-Com era with an eventual outcome that was so inevitable-yet painfully wrongly timed by many.

This time- I am in the Painful camp as I certainly misjudged the depth of desperations to keep Gold off the radar,so I just sit and wait and hope to throw my last lot in to buy the Rollercoaster when it arrives.

I have been adding to some true Microcaps in the risk/reward of Gold at least holding $1200 and eventual Market realisation that $1200 for many is awesome relative to such truly dire sentiment.

Beyond $1200 will be spectacular to those that still fear $800.

[abc125] 29/9/2016 09:43

I've looked at the price charts of numerous gold miners here and in the USA and, to me, the majority look as if they are ready to break out. My guess is that it will happen next week with the start of October.

[qs99] 29/9/2016 09:14

ok richgit so reading above, last few pars, you think Gold may get sold down? why would people not buy gold given all the risks as it is seen as a safe haven?

[billthebank] 29/9/2016 08:48

Not now!!!

[billthebank] 29/9/2016 00:57

right on the 50 day line!!!

[gaaston] 28/9/2016 21:13

Methinks and to quieten the global 'mood' ~ those big boys, the ones that can, are fully into
paper shorts to keep a lid on the price of precious metals right now. Friday can be a special day for these actions (but I forget or didn't understand the reason why)

edit: huge tensions abound, yet nothing has exploded: while I am writing this

[tom111] 28/9/2016 17:48

Just don't get it.Is it me.Gold is now at its lows and yet Euro Banks are in focus for all the wrong reasons a crisis could happen at any time and the US elections loom dosnt, make sense.

[richgit] 27/9/2016 13:41

Richgit knows how to Mysteriously save Deutsche Bank (temporarily)


The US is certainly gunning for Germany with Deutsche & now Volkswagen.
A reminder to Merkel that a US that considers it via the CIA set up Euroland for reasons of being able to spread its web of Hedgemony far easier and bribe and threaten its owned Puppets !!!

No doubt the War mongers did not like Merkel`s past cosiness with Putin.

However...


Germany knows it probably wont get its 300 tonnes of Gold back for 7 years
(if ever),a possible $14Billion write off to US theft one way or another.

How about the US suggesting that they will consider Deutsche`s fine (not a penny less than $14 Billion)being paid,then back off a bit from Volkswagen,if Germany secretly signs over that Gold.

Then.. tell the Markets that in their utter reasonableness (lol)they are only fining deutsche $3Billion.

Deutsche shares rise- job done !!!

Merkel etc then will simply never tell the German public that the Gold has gone.

Who knows in this crooked World what could happen.

[cerrito] 26/9/2016 22:55

While I do not follow this company all that closely now-given the value of my holding- I was glad to see we are having a London AGM this year and let's hope there is a good turnout of informed holders so they will resume having the AGM in London on an ongoing basis.

[tom111] 26/9/2016 11:05

Deutsche Bank down to record lows this morning,Merkel says no aid for the company,markets cracking everywhere,gold still not moving,odd

[gaaston] 25/9/2016 21:26

richgit ~ no doubt you have seen the following article... Like to comment?

hxxp://www.gold-eagle.com/article/us-imports-record-amount-gold-switzerland-july

[gaaston] 25/9/2016 20:37

This man, Rob McEwan, has been extremely accurate with his forecasts in the past. He takes $1 in salary (a year) but owns 25% of the business !! Good luck all

Plasybryn25 Sep '16 - 15:15 - 2877 of 2878 0 0

"Gold at $2000-5000...
the first 2 minutes of the Canadian Business TV (BTV)
hxxp://www.b-tv.com/btv-ep-309/
Rob McEwan, former CEO of GoldCorp makes the case for gold at $2000 per oz by the end of this year, and $5000 in 3-4 years.

[abc125] 25/9/2016 13:41

Looking at the weekly OMI chart, a case can be made that the multi week pull back is over, or at least we have hit a temporary bottom if the gold correction has further to run.

I've been adding to positions over the last week.



Orosur weekly chart

[abc125] 23/9/2016 16:40

We should get an update on Don Tito since its been a while. The last mention was in the Q3 results in April. The financial results will be good. OMI just need to build on their reserves to get the share price going.


Uruguay Brownfields Exploration

The Company is currently focusing its brownfield exploration effort in Veta Rey and in Don Tito target,(located in the Sobresaliente district). As discussed, the Veta Rey project is currently at the pre-stripping stage.

Gold mineralization in Don Tito Is hosted in a hydro thermally altered granite and associated with quartz veining. Exploration work done to date consists of 6 trenches (483m), 12 diamond core and RC drill holes (738m) and 65 pantera drill holes (648m).

Concurrently, the Company is advancing known target zones in Don Tito using NSAMT (Natural Source Audio-frequency Magnetotelluric Imaging) geophysics methods. The NSAMT program has been ongoing during March and April with results expected during Q4 FY16.

[rivaldo] 23/9/2016 11:46

Gold up to almost $1,340...and OMI down. Only 3 weeks or so till Q1 results. I'd be surprised if we don't get a decent run-up to those numbers.

[gaaston] 22/9/2016 20:32

breaktwister ~ sometimes you'll need a translator :)