Orosur Mining Share Discussion Threads

[gaaston] 02/11/2016 14:52

I am aware that several shareholders are asking for a dividend, however, should OMI
take that course, there'd be much less opportunity for growth. The company is cashed up with plenty of interesting things on the horizon and, after being in here from 55p to 5.5p, there is no way I shall be selling any time soon: now at a 60% profit etc.

[iantrader2] 02/11/2016 14:24

I will take 3% up every day.

[bigtbigt] 02/11/2016 14:16

"I thought this was supposed to be a leveraged play on POG?"

Yes! ...over time it is. Not on an intra-day basis though.

And I also said it is subject to expectations and realities of company performance. Perhaps Mr Market is not so impressed on that front?

[qs99] 02/11/2016 13:51

POG now hit $1,300 again....actually also in "POG" which is re-rating along with the POG! hehe

[wallywoo] 02/11/2016 08:19

Patience is needed guys. This qtr is likely to be fairly slow, as the switch to SG deeps is implemented but OMI will get there. I am expecting OMI to have cash of 10p a share by the end of their year (summer 17). Once this starts to move it will move quickly but in the meantime POG moving up can only be a good thing.

[breaktwister] 02/11/2016 08:08

I thought this was supposed to be a leveraged play on POG?

[qs99] 02/11/2016 07:58

POG nearing $1,300 again this am...maybe market may reflect this near 4% increase in POG over last month>...?! more to come from POG IMO until election in US at least me thinks as result is now up in the air to some degree....if Clinton wins big then may see $ recover and POG drop IMO, but small / close win and risks still there IMO ....

[qs99] 01/11/2016 20:35

as an un-hedged producer I would have thought OMI would have reacted Northwards not Southwards to the rising POG....let's see what unfolds over the coming weeks...

[bigtbigt] 01/11/2016 17:34

"most of your anger was directed at the previous ceo" Yep!!! I coined the phrase and called him Fowlup for years. And was proven right!! They have been a lot less 'bad' since then, but not particularly impressive (still lots of half truths). That is why I'd take a punt (which is what it would be) if the price were far lower and there was a divvi and the PoG looked set to rocket. None of those three things currently apply, IMO. So it is not because of the current leadership that I am not now invested. They are basically competent, just not impressive in any way ...and hence will struggle if/when real problems come along

[bigtbigt] 01/11/2016 11:50

Wow - lets resort to just making things up shall we???

gaaston says "BigT...lost "Big Time" in Orosur when everything collapsed"

Unless you are my broker or my wife, you cannot claim to know such a thing. So your arguments are increasingly desperate. Please argue with facts about OMI, not accusations against me. I am not the one with a subjective bias here.

For the record, I did loose some money on OMI, but got out relatively early when the collapse happened, and would have done approx no better/worse had I left it all in there sitting idle for the last 5 years. So my loss was not at all "Big Time". And anyway, those losses were more than balanced out by gains in other miners at the same time (one of which got bought out at a very good price). So I have no particular scars to heal.

My problem with OMI simply comes from the fact that I got to know some of its key leaders quite well as part of my research, and hence can now see behind their mask. My view on them is as explained in post 15560. I.e., I am keeping an eye on them in case the investment case becomes merited, in which case I will buy in. But in the meantime I am simply expressing my objective view about them (i.e., with no skin in the game, no rose colored spectacles, and no need to make things up)

[wallywoo] 01/11/2016 11:34

I think someone is selling a few breakwister, since the share price has been under pressure for a few days now. Have just bgt a few more, seems rude not to, not effected the share price despite buying just over 100K. This will be back above 20p in a few months IMO

[breaktwister] 01/11/2016 11:14

Gold rising and MM mark this down on one seller today? Seems to be support around 16 so a bargain available today?

[gaaston] 01/11/2016 10:26

BigT and for years has never liked OMI since he lost "Big Time" in Orosur when everything collapsed, I don't know, 5 years back ?

[cerrito] 31/10/2016 23:59

OMI, which I first bought 11+ years ago, is my only gold stock.
I was pleased to read that they have had for the last three quarters AISC of less than $1000. Then I saw earlier today that Centamin has just had an AISC of $644 and is guiding to have it for $720 odd for the whole year so I appreciate the headwinds that OMI have.

[bigtbigt] 31/10/2016 16:20

[glad I got you thinking :-) ]

Normally I'd agree with you

But this stock has a very bad history, so most/all folk that have a realistic/objective perspective on risk have baled a long time ago. Present investors are those that see this stock through rose colored spectacles.

If those with a more sober approach bought in they'd want a lower price, plus a divi to hedge their risks. Indeed, if this was at 8-10p, with a chunky divi, and given the possibility of PoG rising over next 12 months, I'd also buy in
[FYI - I do own gold]

[iantrader2] 31/10/2016 13:02

BIG T

Further thought, how do you know "priced assuming they'll deliver on all their promises and nothing will go wrong"

Surely the share price is more likely to reflect a balance of views including all the likely risks and potentials for positive developments?

[wallywoo] 31/10/2016 13:00

Your statement stacks up bigT until you ask yourself the question:

How much would need to be invested to get a gold miner producing a steady 40K to 50K ounces of gold, with plenty of co. owned projects to invest the profits?

then with a world financial system close to broken it becomes even more interesting. This is a great hedge on trouble ahead IMO

[iantrader2] 31/10/2016 12:54

BIGT

Something might also go right.

To balance your thoughts you have "things go wrong/nothing goes wrong/things go right" - 3 possible scenarios not 2

[bigtbigt] 31/10/2016 12:25

IMHO - It very much "stacks up"

Pull up a chart of PoG and a chart of OMI SP, and align them. The latter is just a leveraged version of the former, priced assuming they'll deliver on all their promises and nothing will go wrong.

PoG is struggling and has come off its recent highs. hence so has OMI's share price

Recent company news just aligns with the idea that nothing has gone terribly wrong (yet)

So if nothing does go wrong, AND PoG goes up a lot - OMI will be a good investment (no divvies - just capital appreciation - if you then sell!!)

But if something does go wrong (quite possible), OR PoG stays at these levels for an extended period, OR PoG falls, then you might wish you'd sold out now.

So what does not stack up?

[qs99] 31/10/2016 10:34

hey no worries, not panicking, just doesn't stack up given recent results and SC recent posts....have been a holder for a while and think the fundamentals should be pretty good...happy to continue to hold

[wallywoo] 31/10/2016 09:42

Don't panic QS, I think of it as a trading op. Sold a few last week at 18.4p, just bgt them back again today at 16.8p. The fundamentals for this one will eventually lead to a higher SP, but it will always bob up and down in the meantime. IMO having no stamp duty makes this a nice share to trade, without all the hassle of CFD / spreadbetting.

[qs99] 31/10/2016 08:17

Sorry should have said thanks in advance for a reply but pressed enter to quickly, apologies!
cheers

[qs99] 31/10/2016 08:16

Simon C, your tip a number of times about this being worth 20p++ especially following i/view with CEO, yet share price is still drifting lower....are you wrong or market wrong do you think? I'm still in and from before your tip, just interested whether you think anything has changed?

[s0lis] 30/10/2016 23:39

richgit

You seem to know the gold market. How do you envisage this will affect the price of gold over th coming years