Orosur Mining Share Discussion Threads

[billthebank] 13/12/2016 10:14

It does seem cheap but still watching having exited @17p. A change in management Augustusloop from memory so lets see how they do Personally watching and waiting. I expect EvilK will also be doing likewise here

[augustusgloop] 13/12/2016 10:09

wallywoo,

when the share price was 30p -- Edison had similar values of projected PE.

Read back about 4 years ago --- many thought that the forward PE was 1.

OMI seemed unbelievably cheap.
But the profits seemed to always vanish - always going to come next year.

That's the problem with lying management - this year was a bad one, but next year will be great.

PE is now 222 but next year it will be 3.9 then 1.5.

and something similar will be said by the 'paid analysts' 12 months from now.

History is the best predictor of future performance, paid analysts are the worst predictors.

Have Edison ever got a profit forecast correct on any of the companies that they cover?
I don't remember any.

[augustusgloop] 13/12/2016 09:31

I reckon that OMI is especially vulnerable -- since its PE is presently stated as 222.

The industry norm is about 6 --- so there is plenty of downside potential here.

[2sporrans] 13/12/2016 08:05

Orosur is a high cost producer, recent reductions notwithstanding [AISC ~$1,000/oz Q2?]; so yes, it's [already modest] profit margin is especially vulnerable to a falling POG; a tautology really.
Sure, a buying opportunity will be presented, to the extent the POG rebounds; the more so if one buys heavily at the bottom.
One could make a killing even with a $1400/oz POG scenario.

When might such a happy prospect present itself?
Hopefully well before the POG falls to = or < AISC and most certainly before any serious share dilution.....or worse. Not that there is any imminent cause for concern on the latter scores.

Best of luck with judging the turning point.

[rhuvaal2] 12/12/2016 21:49

I don't think especially vulnerable are quite the right words.... I bought down to 7p
and hey-ho it bobbed up again

[breaktwister] 08/12/2016 18:21

USD basket is up 100 points today but gold steady. Bullish for gold.

[richgit] 08/12/2016 14:50

Someone is going to prison and few will shed tears,yet many Traders will be feeling
fury......

[richgit] 08/12/2016 08:21

WALLYWOO.

We have double celebrations of US election/Honeymoon period and Christmas.

Possibly whatever Yellen does will be pumped as good news and overlooked in the Drunkeness of the current Party Time.

Most certainly any Fund Managers looking to run for the exits will support any pumping jawboning as they will want someone to sell to and then take a sit and watch stance.

After new year`s Day there will be the awful moment of sobriety,the immense hangover and the bills for all the partying pour in.


The US economy is in tatters and after 8 +years of Confetti creation to save Banks,there are Banks still in trouble (not least Deutsche).

There will be a year before anything Trump can do has any meaning,and meanwhile
Chaos takes centre stage as the Consumer gets wiped out along with those that have been the part time job creators.


In the words of Buzzlightyear-"QE to infinity and beyond" at some point,and then slow death of the $Dollar.


Whether we get Zimbabwe soaring stock Market along with a destructing US economy,I dont know- yet Gold demand will rise and JP Morgan et al will have their hands full
in paper Gold manipulations against further declining Physical availability.


It would be more comforting to see Gold back at $1200 purely Psychologically,
and bar my Gold & Silver stock holdings as the hope of a return on my money
I am more inclining to the view of a "return of my money" over time.


In the UK we are still slightly oblivious to what is going on elsewhere,whilst
France seems to be disintegrating into carnage and lawlessness.

[wallywoo] 07/12/2016 14:20

Anyone who says a divi does not matter, needs to look at the share price Valuation is crazy IMO. Hope OMI take note, 1p divi will not break the bank and completely change how the mkt values OMI, IMO

[blueball] 06/12/2016 09:53

12p should hold no worries.

[richgit] 06/12/2016 08:52

It took Mugabe a while to destroy Zimbabwe,yet Modi has destroyed India within weeks,
as we have to wonder where else the dead hands of the IMF and West have been slotted into the backs of and pulling the strings of their self destructing bought and paid for or just threatened -Puppets.

The US is a near 80% consumer economy,whereby the Consumer is exhausted in 7 year
Car loans,multiple Credit Cards and all else .

The Cafes,bars,Dollar stores takeaways and restaurants can only expand to exhaustion where few will then be able to make any money as the Pie gets too stretched and shrunk by possible higher energy prices,interest rates,etc etc etc slamming the part time job econonomy.

What is going to put more (non-debt) money into the Consumers` pockets and how far off is such an event !!!?


The rest is total nonsense until that happens,as we await the pick pocketing
rate rise (or not ?).

[richgit] 05/12/2016 12:12

The Central Planners/One Bank are trying to deal (wipe away)everything they can
judge could happen and keep Joe Bloggs thinking all is well.

As Mr Rickards has suggested for so long- It will be what they haven`t foreseen
that will send their Robots into confused meltdown as Humans won`t know what to do?.

With so few Humans involved in the Martkets -it is all in the hands of Robots now
as they destroy shorts and then get confused where their food is next.

What do they do when they have eaten all the weak longs possible in Paper Gold ?

I watched Gold race out out of gates last night-and then meet the night watch
along with all else.

[qs99] 05/12/2016 11:54

thanks, still looks interesting IMO...let's see how the price of gold reacts to future uncertainty and more inflationary spending by Trumptowers in the USA!

[iantrader2] 05/12/2016 11:50

latest Edison report

[richgit] 05/12/2016 09:37

The message from the Central Planners is simple:(in their panic Robot controlled
thinking)

You don`t trade the longside of Paper Gold for an event that is assumed to make Gold soar.

Like The Trump victory- the Central Planners/One Bank have had time to formulate
their plans for the "event"and a big part of that is holding Gold down
by any means so it is not (yet)the flashing neon lit Barometer of financial armageddon.

Mr Gold tells what is taking place and in a different format it is similar to:-

King Fed is King of the Cannibals.

Yet,he suffers a brain problem and in His confused progresive madness tells His
Cannibals they need to become stronger and eat more.

They then gradually devour their way through their food supply to the point they have to start devouring themselves until the only one left is King Cannibal Fed
who has to now eat Himself and then they are extinct.


Arguably the logical thing to do for those that can sell their Physical Gold at premiums to paper Gold,would be to do so and convert that into Paper Gold at the bargain and then demand delivery.

Problem being that delivery is merely an IOU and could be just a delivery of $Dollars or at very worst 0.

The carnage is building up and those trying to get their Physical allocations
will be quite prepared to pay whatever the price in premiums to their Currencies
until the days of buy the Markets and prop up the $dollar will also meet their
King Cannibal scenario.

For the moment(which may last a while longer)it is devour the Market shorts,Gold longs,and prop up the $Dollar with whatever it takes until they cannot

Until the Food supply for that action runs out-and then !!!?

[richgit] 03/12/2016 12:54

It is blatantly obvious that if JP Morgan(Dracula)sat on its tentacles for any reason,some Comex shorts would be toast or more appropriately blood infusion for Dracula.

It can only be assumed that Scotiabank, as a useful gofer for Dracula in Comex Silver,trusts whatever Dracula has promised them.

If not- Scotiabank could be drained of blood.


I bought some more Physical Silver Friday.

Whilst there are only the known Guarantees in our nanosecond existence,imagine how some in Zimbabwe wished they could have put their life savings into Gold instead of watching them go towards 0 worth ,in weeks.

Imagine that Z$75Billion for a loaf of bread !!!

[richgit] 02/12/2016 09:09

Whatever you think- It is chaos out there and closing the curtains doesn`t make it go away.

The US economy is in tatters and the Robots are destroying everyone.


So many differing opinions about the possible Politics of dumping everything onto Mr Trump`s shoulders as opposed to Obamageddon who is on the verge of being the worst President (economically) in all time.

So many so called experts seem to have differing opinions of why the $Dollar is so obviously being "held up" yet some point to a potentially devastating Carry trade
Yen/ $USD.

Opinion..........

"Dr. Roberts, who was an Assistant Treasury Secretary in the Reagan Administration, says, “The markets are all rigged. So, when you try to look at the markets in traditional ways such as price/earnings ratios, earnings growth, or sales growth or any kinds of things like this, they don’t know anything because the Federal Reserve has probably the largest trading desk in the world. They can trade anything, in fact, everything, and they have no limits on their pocketbook. In order for the Fed to protect the dollar, the dollar’s exchange value from the massive outpouring of dollars that the Fed created to buy all the bonds, they had to stop the dollar from falling in relation to gold. So, they have to go in and sell massive amounts of gold shorts in the futures markets. This is how they knock the gold price down"




So- what does Yellen do next,as ironically the initial Jobless report was so awful
that ordinarily it would have caused Gold to rise,but then for many Physical Gold
is rising whilst Paper Gold still only truly offers a potential of 0.


Opinions opinions-yet so many are borrowed from those that have no clue,nor honesty.

[bigtbigt] 02/12/2016 01:37

Hi Beeks - or just filter him, It works for me :-)

[beeks of arabia] 01/12/2016 11:46

Groan!Running a slide rule over these again however forgot about the thread essay writer. Will look elsewhere.