Orosur Mining Share Discussion Threads

[qs99] 09/11/2016 07:38

must be around £1m IMO/DYOR at mid-range of guidance on production....DYOR but unleveraged and un-hedged OMI....POG now up $45

[qs99] 09/11/2016 07:12

what does that add to OMI EBITDA numbers then?!

[philo124] 09/11/2016 06:36

Gold up $41.

[qs99] 09/11/2016 05:44

could be end of world with a Trump victory, but hey, POG up and OMI should benefit...IMO

[augustusgloop] 09/11/2016 00:24

4marlin.

Or a spectacularly bearish one.

If people have to repay debts - how can they afford to buy gold.

If interest rates rise (which eventually they must) then not only will people be skint but the opportunity cost of holding gold will increase.

If there is a sudden credit crunch (likely in a world of excess debt) then institutions sell their most liquid assets - bonds and gold - pushing the price down (as happened after Lehmans).

[4marlin] 08/11/2016 13:56

´gloop,

one could also look at pog vis-a-vis debt and come up with a spectacularly bullish scenario.

[bigtbigt] 08/11/2016 12:42

Yep.

Round-1 PoG rise from 2007-2011 was cashed in and was substantial

Gearing up for Round-2 by buying more at lows, and about half invested so far.

Small previous loss on OMI pales into insignificance, and was anyway more than countered by profits on other miners.

US elections will have a big influence on how to play things going forward - but I suspect OMI will just stay on my watchlist.

[gaaston] 08/11/2016 10:07

Of course we should all take our own advice: trust you've done well with physical: then we've both profited :)

[bigtbigt] 07/11/2016 14:32

Broken record, ad hominem, factually incorrect arguments
Perhaps take your own advice my friend

[gaaston] 07/11/2016 13:38

Let our readers and investors make up their own minds, they're not children, and yet I cannot imagine you keep proffering past negatives to "straighten our attitudes" or some weird thing. You lost money here and now, probably out of spite, you are unable to move on to pastures better suited for your particular appetite. Remember regular stocks are mighty high: perhaps down a little ~ good luck everyone, wherever you may invest :) and it's good to have a chunk in cash as well

[bigtbigt] 07/11/2016 12:10

Yes you have - and it gets less convincing as a valid argument every time.

[gaaston] 05/11/2016 21:31

strange sayings on this thread, even warped. Do your own research, contact the management. Some have been disappointed, but a long time ago, with..... I have said it all before :)

[augustusgloop] 05/11/2016 19:49

wallywoo,

I see your point.

The gold stocks that are badly run and have poor mines, make hardly any money now -- and so will be the ones that most benefit by a large rise in the gold price.

The efficient producers that are very profitable now - will benefit to a lesser extent.

With such an outlook - I can understand why OMI would be your number one choice.

But, the problem that I see with that logic is that since the POG is still well above its inflation long term adjusted average -- there is statistically more downside than upside probability.

[wallywoo] 04/11/2016 09:32

Augustus, I understand your point but it still does not mean that if the gold price goes back to $1900+ an ounce over the next few years, then gold stocks fever will come back and this will rise past £1.

I care about what the share price is likely to do in the next few years, not about the P&L. The weird thing about gold mining stocks is that there are not many of them, so when you get a great gold bull market they go ballistic.

I never said it made sense, lol!!

[augustusgloop] 04/11/2016 09:22

wallywoo,

the share price rose because of all the money that they were making.

Where did it go?

They have never made any money in real terms.

15 years of mining and they have less money than they did before they started.
And all the pits that the spent the initial money on have now been emptied and closed.

[wallywoo] 04/11/2016 09:01

Augustus: - I think the share price touched 90p in the last gold bull run.

If you are a fan of Fibonacci theory, they believe this latest gold bull wave will be the final and most powerful one. That will do me!

[augustusgloop] 03/11/2016 20:31

wallywoo,

how did they do in the last bull market - when the POG went to 1900?

If they made a lot of money then, where is it now?

If they couldn't make money out of the near surface (cheap to access deposits) why should they do any better with the deep stuff?

All those pits: cleared, opened, mined, refilled covered.
What did the share holders see in return?
Absolutely nothing.

You owned the gold in those pits.
Everybody benefitted but you.

Now they are moving to underground mining.
Spend money on opening arenal deeps - well worth it because they will produce more and make a load of money.

But as soon as the development work is completed, what happened - suddenly production falls and there is no real cash being generated. WHY?
Is it not economic to mine at these POG levels?

[gaaston] 03/11/2016 12:07

I'm expecting the powers that be to do their utmost to short PM's and heavily during next days pre election...

[breaktwister] 03/11/2016 10:52

If investing was all about analysing the past we would all be billionaires

[gaaston] 03/11/2016 08:52

gloopy ~ you really don't like this stock: we know that !

[highly geared] 02/11/2016 22:21

We should know drilling/ resource delineation plans for Anza in the next 3 months. In the meantime, steady as she goes and continue to accumulate cash.

[drago] 02/11/2016 20:50

Divis are for a day when wymar throwing off £ mm s of cash imho