Orosur Mining Share Discussion Threads

[master rsi] 16/3/2017 15:31

Bid has gone better as the volume is close to the best of the last 3 month

Volume and rising is bullish

[master rsi] 16/3/2017 12:44

GOLD Moving higher again and now up $12

------------ Gold intraday and 2 month chart--------------------

[master rsi] 16/3/2017 11:03

A movement up early this morning as there was some interest at the start of the day, after the large rise late yesterday

24 hours intraday chart

[rhuvaal2] 15/3/2017 17:12

Yes indeed b'w

[breaktwister] 14/3/2017 14:28

Topped up here. A lot of other miners on my list rose significantly this week I guess in anticipation of higher gold prices in the near term due to us debt ceiling worries. OMI looking good value in comparison.

[richgit] 08/3/2017 15:34

The Bank of Mexico reveals its gold bar list

Guillermo Barba | marzo 7, 2017

The Bank of Mexico (Banxico) has become one of the first central banks in the world to reveal its gold bar list.

In this space we have recommended that Banxico and any other investor with positions in gold as a store of value and financial insurance should maintain physical possession of its bars, or at least, store them in a secure vault on an allocated basis.

Last December, thanks to an official Request for Information by means of the Transparency Law, Banxico informed us that:

‘Of the 3.881 million ounces of gold that the Bank of Mexico has at the end of October 2016, 98.95% are held in the United Kingdom, 0.0004% at the Federal Reserve Bank in the United States and the remaining 1.05 % in Mexico.’

Banxico also told us that it had a total of 7,265 gold bars in allocated accounts at The Bank of England (BoE), which means that only about 2.9 million ounces are well identified with serial number, brand code, gross weight, assay and fine weight at that location.

The rest –more than 930,000 gold ounces at the BoE- are still ‘held’ on an unallocated basis. These unallocated accounts are those in which the ‘owner’ has not been assigned specific gold bars but simple ‘rights’ to a certain amount of gold. That is why Banxico could not tell us how many ingots it owned in this last case.

The Mexican central bank didn’t give us details on the number of bars or coins it has at the Fed nor at its main vault in Mexico City.

In any case, the problem with unallocated accounts is that, there are in fact more ‘owners’ of the same gold than (unassigned) bars. This means that the same gold is sold multiple times, and in the case of a crisis in which those ‘owners’ demanded the delivery of the metal, there would not be enough gold for everyone.

For this reason, a monetary authority, such as Banxico, should never have unallocated accounts since gold reserves are purchased to offset risk in fiat currencies, to not have another ‘paper’ risk.

We hope that Banxico will correct soon this situation and not only have all of its gold reserves on an allocated basis but (at least) half of them in Mexican territory. Repatriation is the name of the game, a game that every central bank should play.

Meanwhile, we are happy to share with you Banxico’s 7,265 gold bar list that it gave us through the document number LT-BM-18703. It’s a small step in the right direction, that of transparency. Congratulations, Mr. Carstens!

We hope that from now on, other central banks will publish their own lists. Gold market participants have the right to confirm publicly that their bars are theirs and only theirs

[richgit] 08/3/2017 10:13

rhuvaal2

Seemingly the truth is - Germany currently CANNOT get their Gold back
from the USA or PARIS and the nonsense headline repatriation of a pathetic 300tonnes is cobblers- in fact more an admission of the truth,spun as Fake news.

Mr Maguire tells - that the Gangsters are struggling to find Physical to supply,so we may assume Western Central Banks are fictionally auditing "paper" and they too all may at some point be forced into replacing "Gone Gold" or continue the lie
and risk being exposed by some other truth leak

The current Fraud/Manipulation is that the Gangsters are piling up their hidden longs whilst JP Morgan steals every ounce of Silver for themselves and NOBODY will say anything in the Fraud/Manipulation of everything.

I daresay some Gold may yet be stolen from hapless Venezuela,Greece or other in the short term-yet when that is all gone too !!!?

One thing is for certain-that the Bullion Banks this time will not face a Goldman`s moment -staring into the abyss of bust -so whilst they can all take safety-others just may face the Comex cash out- and that includes all the Pension Funds that believe they have a contract for "Physical delivery from Paper "

[rhuvaal2] 07/3/2017 16:36

My worst case scenario here is: something uncomfortable will happen during Trumps first two years, plus gold rising to $1300+, plus with Orosur's excellent management and humble exploration successes to come = the stock will trade at double today's value = 29p. I shall not cry at that.

[breaktwister] 06/3/2017 17:34

Huge move down on light volume this afternoon. Hopefully uncertainty around the US debt ceiling will put the PMs back on track again.

[richgit] 04/3/2017 17:10

I too read the article about the person that supposedly designed,the installation of potentially the World`s highest speed,algo driven,frontrunning Trading system for the Fed,to enable them to manipulate everything on this Planet

Logic suggests it wasn`t just going to sit there gathering dust,so the reality
that Fed is the World`s most active Trading desk is a possible dawning of understanding for so many failing $Billionaire Hedge fund managers,that saw a logic in shorting obscence valuations in the face of pension Funds going bust.

The fact that the Fed, and its $trillions of funny money, is the buyer of the S&P500 illogic ,to maintain illogic, is a painful hindsight no doubt.


A similar situation in paper Silver (+Gold)that many longs in denial that this World is totally fraudulently manipulated,must have just thought that their losses and JP Morgan`s longest winning streak in History was just luck/bad luck.

Ted Butler thinks it is possible some of those longs are finally realising that
the multi-month smack downs in silver that caused them to close their longs was
more than just bad luck,and that a final awakening that JP Morgan can print as
many thousand short contracts as it wants was/is their bad luck,means they may possibly now refuse to close those longs as JP Morgan et al have relied upon for so long.

Of course if they did stand fast,they could force all the other (unprotected)
shorts) to destroy each other at a blocked exit door.

As followers of Gold/Silver and Gold/Silver stocks we should know that everything is now Fraud and Fantasy -yet possibly 90% of people do not.

yet !!!

.

[richgit] 03/3/2017 08:25

Market Facts - are very positive if OMI start drilling ANZA.

85% decline in ounces discovered in 10 years

Major Gold reserves shrank to the lowest in a decade in 2015

Budgets are now down by almost 66% from the $21.5 billion record high reached in 2012.


I note this time someone (BIS?)had to dump $2Billion of "Paper Silver"into the futures Market.

That leaves the Gangsters JP Morgan a free hand to steal more Silver and move it into "their" ownership.


At 92% assumption the Fed will raise in March- the Fed is truly trapped into raising interest rates in what is surely a recession and chances the Fed will tip
sub-prime everything over the cliff.

[richgit] 01/3/2017 09:15

I posted the statement from Eddie George months back "We were facing an abyss" and
Mr Maguire reminds us of it.

Also the reminder-that with 100-1 leverage in Paper Gold- They HAVE TO come up with
Physical to keep the manipulation game going !!!

If at some point there is to be a cash settlement of Paper Gold,logic would suggest
they try to do that on an engineered sell off of Paper Gold-but then logic/sensibility is not something our Central Planners ever follow.

There is a misconception that Gold does not like interest rate increases,and maybe
that misconception is aligned to the theory the $Dollar would be even stronger,so
I daresay the Fraudsters are hoping to make good use of it in their Fantasy Gold
Casino.
But- then others will not be fooled by any such nonsense and just get buying in earnest at whatever the bargain represented- which may not appear in the Physical Market unless the Fraudsters can come up with the Gold demanded.

A trapped Fed will no doubt raise in March for the wrong reasons,as no doubt the right reasons passed them by years ago.

I daresay Sovereign buyers will numbercrunch the potential devastation to come
of sub-prime everything at a time of obscene USA debt that has to continue compounding ad infinitum,along with all Mr Trump`s ideas for the US economy meeting
never ending opposition from the Neocons that believe the answer is "War"

I suppose they could always puke another 100 Tonnes from the never to be audited Fort Knox, or steal it, from Greece or other, to buy time-but then does the eventual
cash settlement just march to even more $Dollars required the longer they buy time-
that inevitably runs out ?

I wish I knew,but then not even Mr Trump can save all those maxed out on debt,that will be even more maxed out on interest rate rises- Not least - the Dead Fed

The only ones making money will be those renting out more land to hold all the unsold Vehicles,so maybe we are waiting for "We will pay you to sign up for a Vehicle loan"


.

[wallywoo] 27/2/2017 14:38

just having a look at the 2 closest mining companies to Anza in Columbia. The first is Continental Gold, just had confirmed $250M financing agreed to build its mine (Mkt cap over $700M Canadian dollars) currently no revenue / profit/ only $28M cash. The second Red Eagle Mines, who borrowed over $70M to build their first mine (will produce 70K ounces starting now, no other production, mkt cap over $200M Canadian) only current 500K ounces JORC reserves.

Certainly puts / makes OMI's £17M mkt cap interesting. You could easily see Anza being worth 10 times this valuation with a resource estimate up to 1 M ounces. and that is ignoring Uruguay completely

[richgit] 25/2/2017 17:15

An intersting insight, from Mr Maguire,as to how the Barstewards will profit immensely.



"So here in 2017, and aside from an unthinkable default, this is how a cash settlement will play out. The conduit was already set up in July 2011 where Dodd Frank blocked US citizens from trading FX gold in the OTC LBMA market. Not long after, the CME brought in fresh halt trade rules that can freeze Comex OI for 5 mins, (options 3 mins), while the OTC spot market can trade unaffected. This ensures that any black-swan event that spike gold higher during a live session provides a back door to LBMA BB’s operating on the Comex to offset or indeed profit enormously by going long in the OTC markets, while the hot money and US traders are hung out to dry.

Given that insiders, the market making COT’s and Officials, are able to offset short positions off the Comex, as soon as the Comex reopens, another freeze would be imposed as the price would be halted again. This action would continue into the market close so that a more structured reset can be imposed."
........................................

I wonder how UK Tax papers would feel if they understood that, amongst other things,the UK was forced to sell its Gold at the lowest price of Circa $260
to save the Barstewards - GS.

I wonder if Clingon,Moron,and Bliar went long Gold for their Pension funds after that famous meeting with Clingon - with the whisper "Can you save GS from the meltdown of their Paper Gold shorts-or all hell breaks loose"

[rivaldo] 24/2/2017 10:31

OMI is becalmed whilst gold is rising nicely now above $1250 - should only take a little buying to spark a decent rise.

[richgit] 24/2/2017 08:52

SOlis

Just another attempt for the Fraudsters to try and control "Paper Gold" as once again there will be virtually No Physical Gold to be proven to support the Paper Trail,so they need the huge leverage of sucking in 1 tonne of Physical to turn into arguably 200 tonnes of Paper in the Pyramid scam-yet will more Physical go
to other exchanges and force them to something obscene like 500-1 leverage.

Changing from 1 Fraudster system to another is no change for the better as all the Physical Gold supporting the scam will continue its obscene leverage and huge re-hypothecation covered up by simply NO true Gold audits-as they cannot !!!

The truth is its worse than the 3% Lehmans had to prop up its potential bust after 150 years of existing (which caught them out)as we all fear our Central Planners and their Fraudulent Banks are facing that Lehmans scenario once again if the Markets they are propping up -pop !!!.

1 Bank (which some merely think is Scotiabank)has already been bailed in the Paper Gold scam,as others were years ago,so let`s see how Paid for Physical Gold demand
that London is losing - slowly dictates to no gold Paper.


The truth is out there and ironically even as Gold investors,we have to be scared of any day that truth pops out of the mistruths we are all being told.

Judging sentiment at the moment,that is possibly far less than 1% of us that have
any idea what the truth could be,as there will be little hint in the stories say those chasing Tech stocks- will hear or see or those reading /watching our controlled by Elites gutterpress News and Media rubbish

The "How to become a Multi-Millionaire Landlord or Property Flipper "type programmes were still showing
a week after the "Bust"! was signalled.


IMHO.

[wallywoo] 24/2/2017 08:38

Found this bit of technical analysis on OMI. That all looks reasonable to me, for those of you that need a bit of reassurance, when other goldies are moving:

[richgit] 24/2/2017 08:30

For those of us accumulating over the past 3 years,it has obviously all been about
mopping up stock that others sold in volumes.

If overall shares are in stronger hands,then there is more a reliance on those that borrow stock for 10 or so days- and then sell because they have to.

I thought there may be some temporary further bargain with the Employeees execising
of 553,332 Common Shares,yet if someone else (or others)that believes in the Cos prospects - that would have been a nice target to take out.

Stocks like HOC have done extremely well as they are of course subject to being
driven by huge Margin positions (CFD`s).

We all know that if there are no voluntary sellers of volume things can get very tight for those wanting to genuinely buy stock in size.

OMI will have its day and potentially many of them,for if I suggested my own target
I would be accused of mindless ramping,yet if others now take a similar view then
stock could progressively be unavailable in size.


All Management have to do is steer a steady ship until the Company is eventually perceived as a substantially undervalued money spinner-or a very rare self financing explorer .......... or both !!!

At £17 Million Market value I can find little that compares to its "potentials"
relative to such A PETTY CASH valuation.

When we can discuss the potentials of Anza,and assuming the gold price is showing
a hindsight of circa a solid average $1200,I daresay there could be a huge awakening to what OMI offers.




IMHO

[abc125] 24/2/2017 07:50

We've had a 6 week high level consolidation. The odds favour a break out.

[breaktwister] 23/2/2017 14:41

Hopefully that means we will burst upwards at some point, who knows. I continue to hold.

[breaktwister] 23/2/2017 14:40

Only miner on my watchlist that goes nowhere, even when gold bursts upwards

[abc125] 21/2/2017 17:12

Good price action of late.


OMI weekly chart
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