Orosur Mining Share Discussion Threads

[richgit] 09/6/2017 11:55

Theresa May should reflect upon the Uk`s copying of the U.S`s Fake Media News and all news suppression ie The Escalating Rapes,Stabbings,Muggings,No Go areas,Syphillis,and unpayable debts etc etc etc,as the result of Millions of Illegal Immigrants swarming into the West.

No wonder the know nothing youngsters that do not remember the destructive barrow boys headed up by Tony Bliar & Moron,get sucked in by the( No money available) fantasy pipedreams offered up and soaked up by the Corbinites,as was by the Blairites that bankrupted the UK.

I despair-yet just maybe not even all our controlled fake media will be able to suppress the real truths coming to a head over the months to come.

I thought at $1900+ Gold that would highlight a World to dread,yet perversely we have the World to dread at a manipulated $1270,so by the time Gold is $1900+ it will be the World of all Worlds to dread - and too late to escape for so many..

[richgit] 08/6/2017 12:40

The World has gone mad !!!

The middle east is now like a mountain of unprotected Gunpowder awaiting a spark.


Ironically- Any missiles successfully fired at a certain Saudi Oil pipe line,and they would soon be back to riding Camels with debts they cannot pay.

The US is so corrupt it is impossible to figure out which fuse they want lighting.


They would certainly light the fuse to the Gold Rocket,at which point JP Morgan
would leave some to take their horrific losses in Paper Gold whilst they rush to their safety elsewhere behind the smoke of others burning.

[richgit] 06/6/2017 11:33

This just may be-
one time the idea of selling your Gold stocks in May and going away
will be a mistake.


We certainly know that at some point this Summer any minute of any particular day could be the moment some will NEVER get back into some Gold stocks at the price they sold.


Black Swans.Dementors,War,unpayable debt,and destructing US economy.

Millions will regret not buying Bitcoins at $6 apiece- so will they bury their heads in the sand and remain blinkered as to what will eventually happen with Gold & Silver

[wallywoo] 05/6/2017 10:17

We have now passed the historic worse performing months for gold (yes it is cyclical March to May worst months, July to Sept best months).

So the fortunes for OMI look good to me (unhedged, and improving gold price with steady and increasing cash generation in Uruguay and great investment potential in Columbia).

SP is looking very hesitant still. Think it will change with a whosh, at some point soon. Since at these gold prices and higher OMI could generate their total mkt cap in cash in the next 12 months.

[richgit] 30/5/2017 09:35

They have to do whatever they can to drive anyone considering taking delivery in
paper Gold out by Today and Tomorrow.

Just maybe the robots took the opportunity, based on the potentially fake news that Greece will forego its bailout payment,to nudge the $Dollar up.

Of course just maybe-if the news is not leaked fake news then maybe the robots will
consider any reminder of Euro-land`s burgeoning erupting debt volcano has to be good for Gold.

Portugal,Spain,Italy,Greece,etc etc and ironically even Germany could face its proplems if
the Corrupt Deutsche Bank`s foundations on quicksand bring about any derivatives crisis.

Whilst the UK will have its own debt problems,we will hopefully at least just be
spectators to Euro-land carnage.

[jpfd] 26/5/2017 10:38

I would urge you to research IGAs as your reference to them as nonsense suggests you have not fully grasped the implications. I must add that producing a lengthy advertising article favouring a business is not proof of anything much. An agreement between governments could still render your precious metal assets liable to seizure, or other restrictions, or value diminution unless you planned to keep your assets in a vault forever. What is the value of an asset whose worth cannot be realised in any practical terms because it cannot leave a vault or cannot be sold? The Cayman Islands is not a safe jurisdiction - they have already caved in to foreign government interference in one area as have the Swiss and just about every other government, so the idea of absolute governmental sovereignty, and therefore business inviolability, is now at an end. hxxp://www.ogier.com/publications/fatca-and-the-cayman-islands-overview

[richgit] 26/5/2017 08:58

Coincidentally .........................................


Offshore Gold Storage - A Look Inside The Cayman Vault


Submitted by Jeff Thomas via SWPCayman.com,

"If your gold is outside the US, it gives you another degree of insulation should the United States decide that you shouldn’t own it — it's not a reportable asset." - Doug Casey, May 2017

I’ve been a holder of gold since the 1970’s. At that time, I was purchasing gold and silver for business reasons and found that, as the price was steadily increasing, I would be wise to buy more than I needed immediately, as I would most certainly profit from it in the near future.

At that time, I was buying most of my precious metals in Hatton Garden, the centre for metals in London and, in talking with my more experienced associates, I learned that gold doesn’t just make pretty jewellery, it has, for over 5000 years, served as man’s best economic insurance policy.

Since the creation of the first fiat currency in China, ca. 600 AD, governments have had the annoying habit of creating fiat currencies. It has taken many forms, including tobacco, shells, cattle, even tulips in 17th Century Holland.

Over the centuries there have been countless fiat currencies. Most of them have been paper currencies and, with the exception of the present-day fiat currencies, all have eventually become worth exactly zero.

Not a very good track record. But whenever this has happened, gold has regained its lustre and saved the day, providing a solid means to store wealth. Although governments and bankers have done all they can to discredit gold and discourage its use, gold invariably outlives them all. Whenever history has seen periods of dramatic overreach by banks and/or governments, gold once again re-establishes the very definition of money.

Today, we’re passing through one of these eras of overreach and, not surprisingly, those who are farsighted are quietly building up their store of gold, to protect them when the latest form of fiat currency joins the rest that have collapsed over the centuries.

But, having realized the need to own gold and then beginning to build up a portfolio, the holder asks himself, “Where should I keep it?” The obvious answer is at home, or somewhere very close, so that he may get to it if need be. During good economic times, this may well mean in a safe deposit box in a bank, but in times like the present, when governments (the EU, US and Canada, amongst others) have recently passed laws allowing banks to confiscate deposits and raid safe deposit boxes, the last choice for safe storage would be a bank.

This leads us to the “at home” option. This is actually a good one. If you have a yard where neither dogs nor gardeners tend to dig holes, “midnight gardening” can indeed be a good solution for small amounts of gold storage. Or, for a neater and more easily accessible solution, a home safe might work well. (You would, of course, want it to be well-concealed and you’d need to install it yourself, or the installers might get ideas.)

But, when turbulent times come, as they have recently, this only works well if you own a small amount of gold, say 10 ounces or less. If you hold more at home, you run into the problem of governments. In 1933, US President Franklin Roosevelt demanded that all gold be turned in to the government. He subsequently revalued it and, in doing so, robbed its rightful owners of a 69% increase in their wealth.

Unfortunately, since we know that the EU, US and Canada have all passed confiscation laws, those jurisdictions are no longer safe places to store wealth. Ten ounces of gold may be regarded as an emergency stash but, beyond that, another jurisdiction is needed – one that’s not threatened by confiscation laws.

What I recommend to investors is to first choose the best jurisdiction that’s relatively near to you, then pick the safest storage facility within that jurisdiction. In Europe, Austria is a good choice and Das Safe is an excellent depository. In Asia, Singapore is an excellent jurisdiction and The Safe House is an exceptional choice.

However, the Western Hemisphere is a different story. There are quite a few excellent depositories in the US and Canada, but, as stated above, these jurisdictions are no longer safe. In my travels elsewhere in the hemisphere, I’ve been disappointed to find that, whilst there are jurisdictions that are safer than North America, the depositories there leave a great deal to be desired.

What the depositor should be after is a facility that’s heavily reinforced on all six sides (meaning that ceiling and foundation must be just as impenetrable as the walls). In addition, it would need a Class III bullion vault – the equal of the best bank vaults. Furthermore, it should have multiple security doors and man-traps, assuring that no one who enters can make a dash for the door, eliminating the temptation for theft.

Unfortunately, to my present knowledge, there’s only one depository in the Western Hemisphere that ticks all the boxes. Or perhaps I should put that another way: Fortunately, there is a depository in the Western Hemisphere that ticks all the boxes.

That depository is Strategic Wealth Preservation (SWP) in the Cayman Islands. Most importantly, it’s located in and exceptional jurisdiction as regards wealth safety. And, by this I mean:

The is no direct taxation in the Cayman Islands. No taxes or duties that apply to the purchase, ownership, storage or sales of precious metals. No capital gains tax; no inheritance tax.
World-class financial system to provide auxiliary services.
Stable government with consistent history for economic stability that caters to international investors.
Minimal wealth legislation and regulation, to assure a minimum of red tape in processing purchases, sales, transfers and shipment of metals.

Secondly, SWP ticks all the boxes as to being a top bullion storage facility. Further, the SWP storage contracts were designed to take the best from each of the world’s other depositories, having been vetted by one of the world’s most respected gold analysts (who, possibly not coincidentally, became the first depositor). Also, it’s only an hour by air from the US.

It’s also essential that your deposit is fully insured and that the storage be fully documented, allocated and segregated, as in the photo below of an incoming deposit:

For Americans, an offshore gold IRA is becoming an essential and SWP has an excellent relationship with US-based IRA administrator New Direction IRA allowing American citizens to hold gold in their self-directed IRAs and LLCs offshore in SWP’s vault.

Over the past decades that I’ve been advising people on geographical economic diversification, I’ve often said that the coming events themselves are relatively easy to predict, but the timing is not. To me, the one clearest indicator of timeframe is that, the closer a crash gets, the more events will increase in both frequency and magnitude. Based upon that premise, we’re drawing quite close to the first of the crashes, as we’re now seeing significant events almost daily.

This tells us that our time is limited and that our long-term plans for wealth preservation need to be in place now. Whatever choice the reader makes to safeguard his wealth, he will need to do it very soon. Time is very clearly running out. SWP’s Cayman Islands vault represents a very good option for offshore wealth preservation in the Western Hemisphere.

[richgit] 26/5/2017 08:29

JPFD

That is a pure nonsense.

I have gone 90% into Vaulted Silver (10% Gold),purely for the leverage of the "Gold on steroids"

Silver could certainly face some restrictions in the future as it is a truly
vital Metal for virtually everything from Missiles to Mobiles and could be become rarer than honest Politicians (which is more a "will").

I will worry about that when Silver is priced proportionately to its true worth as a Metal and a Currency,
which over the years should be a fair multiple of $17 and gawd knows how high
if there do become Silver shortages)

Meanwhile...

Hopefully OMI will be in the spotlight when the Manipulators lose control of their
500-1 Paper Gold leverage,and launch "Colombia Gold" and start the dreams of what if.



IMHO

[jpfd] 25/5/2017 23:17

Not if the freezing of gold trading is a concerted effort across countries by means of an Inter-Govermental Agreement (IGA). Unlikely maybe, but we live in times when the unlikely seems to be happening on a regular basis.

[richgit] 25/5/2017 21:10

Dingo75

In Roosevelt`s period the US $Dollar was gold backed and He wanted to screw the
$dollar and thus required more Gold.,which also meant ( and maybe moreso) they did not want people queuing up at any point to exchange their Gold certificates for Physical Gold

They paid people for the Gold./certficates


If (in your worst case scenario) your Bank/account is closed down,along with your Nomineee share account,yet you have a sufficient amount of vaulted silver/gold switched to Switzerland or Singapore then you have options of what to do !!!










.

[dingo75] 25/5/2017 15:55

JPFD
This is my view also. Holding Physical is the riskiest thing you can do with your money if there is a world wide catastrophe.
Look at Greece, they have now powers to confiscate Virtual Vaults from people they only suspect of non paying of tax. Next step when they default sometime and all hell breaks loose, confiscation of Physical.
What goes around...

[richgit] 25/5/2017 15:39

We have now entered options expiry week:

Options expiry on the comex Thurs: May 25. Options expiry for the OTC/LBMA gold/silver contracts: May 31/2017


Will JP Morgan have to come to the rescue for paper Silver shorts ?.



Get the Robots to ram the Nasdaq & Dow up(regardless of any grim realities).
Make every desperate attempt to support the $Dollar.



Manipulations now so laughingly blatant.

[richgit] 25/5/2017 13:04

Arizona House Committee Passes Bill To Support Sound Money


Mike Maharrey via ActivistPost.com,

An Arizona bill that would eliminate state capital gains taxes on gold and silver specie, and encourage its use as currency, passed an important House committee this week. Final approval of the legislation would help undermine the Federal Reserve’s monopoly on money.

Rep. Mark Finchem (R-Tucson) introduced House Bill 2014 (HB2014) on Jan. 9. The legislation would eliminate state capital gains taxes on income “derived from the exchange of one kind of legal tender for another kind of legal tender.” The bill defines legal tender as “a medium of exchange, including specie, that is authorized by the United States Constitution or Congress for the payment of debts, public charges, taxes and dues.” “Specie” means coins having precious metal content.

In effect, passage of the bill would “legalize the Constitution” by treating gold and silver specie as money.

HB2014 passed the House Ways and Means Committee by a 5-0 vote, with four members abstaining.

Under current Arizona law, gold and silver are subject to capital gains tax when exchanged for Federal Reserve notes, or when used in barter transactions. If the purchasing power of the Federal Reserve note has decreased due to inflation, the metals’ nominal dollar value generally rises and that triggers a “gain.” In most cases, of course, the capital gain is purely fictional. But these “gains” are still taxed — thus unfairly punishing people using precious metals as money.
A STEP FORWARD

Passage of HB2014 would allow Arizonans to deduct the amount of any net capital gain derived from the exchange of one kind of legal tender for another kind of legal tender or specie (gold and silver coins) from their gross income on their state income tax. In other words, individuals buying gold or silver bullion, or utilizing gold and silver in a transaction, would no longer be subject to state taxes on the exchange.

Passage into law would mark an important step towards currency competition. If sound money gains a foothold in the marketplace against Federal Reserve notes, the people would be able to choose the time-tested stability of gold and silver over the central bank’s rapidly-depreciating paper currency. The freedom of choice expanded by HB2014 would allow Arizona residents to secure the purchasing power of their money.

[4marlin] 25/5/2017 12:21

there are a lot of people who would ignore that sort of order.

[jpfd] 25/5/2017 11:50

Why do people consider that holding physical gold, or silver, is a good idea? At a time of economic strife a simple signature on a piece of paper making the trading of gold or silver a criminal offence, and sealing all vaults, could render all holdings worthless or worth only a few cents on the dollar depending on what the government(s) were willing to give you. This has been done before as I'm sure you are all aware so clearly it can be done again, internationally this time by an IGA.

Executive Order 6102 is a United States presidential executive order signed on April 5, 1933, by President Franklin D. Roosevelt "forbidding the Hoarding of gold coin, gold bullion, and gold certificates within the continental United States". The effect of the order, in conjunction with the statute under which it was issued, was to criminalize the possession of monetary gold by any individual, partnership, association or corporation.

[richgit] 20/5/2017 19:39

Deep State.

[wallywoo] 17/5/2017 14:24

SP has been sold off in Canada over the last week or 2, TCX opens in 10 mins. It will be interesting to see if it continues. Very strong move for gold, though mainly on the back of a weak dollar.

[breaktwister] 17/5/2017 14:17

Topping up today

[richgit] 14/5/2017 13:44

dingo75

I will not want to ever convert to holding my Silver personally-also that then incurs vat.

My Silver is with Bullionvault that offer fair assurance(in worse case scenario)
that your vaulted Gold or Silver is protected from any bailin ,so unlike a Bank
whereby our cash becomes the Bank`s cash,our vaulted Gold & Silver will remain "ours"and not subject to any form of Bailin.

My vaulted Silver and some Gold is for long term,yet if I did wish to sell some
then money goes straight to my designated Bank accounts used to make payments to
Bullionvault.

If there becomes a scenario whereby I did want to sell some Silver and receive the cash, yet My Bank was in serious trouble, then I guess it would be a case of just dribbling it out of my Bullionvault account until I changed to a safer Bank !!?.

Of far greater concern.......................................

is that most of us use Nominee accounts for our shares and whether assurances that our shares cannot be stolen in a Bailin ,like any cash remaining on the account,is 100% fact ----- We pray !!?
Especially as our trusted Nominee broker may have rehypothecated (like Gold) our holdings in a tangled web that could take months to sort out,meaning we cannot sell any of those shares until ownership is established.

If all hell ever does break loose- Lucifer`s fire will be all around

[dingo75] 14/5/2017 08:54

RG
How can you be sure a vaulting account will be there and your stash if and when things go ballistic and you want to cash some out or convert to holding it personally?

[richgit] 13/5/2017 12:03

wallywoo

The Waymar assets could yet be our Brancote, or more,as we could/should
be heading into a situation of Mr Randgold`s-reminder of a 20 year lost era of new major discoveries/new mines -facing the industry.


Maybe by the time we witness a mere 10 posts per day on some of these barren BB`s ,we will be witnessing the end of the worst sentiment in some 30+ years due to the Central Planners` condoned/abbeted fraud and manipulations of "Goldless paper"

Something is brewing in Silver and I note JP morgan (reluctantly)had to deliver
some of their Silver against its paper shorts,so maybe they will now scoop up the Silver Eagles that US investors have ignored as they prefer to watch Snapchat.

Snapchat versus Gold & Silver as some of us remember Baltimore in the FTSE 100
only to become the worthless lining of a rubbish bin.


Who will buy into OMI when (hopefully )the drills start at Anza,and more the question "who will want to sell !!? "


Let us hope some of our Gold stock picks -become the ones- we never want to sell-,in
the words of Jim Sinclair.


PS>

I opened a vaulting account for my Business last week,and on Tuesday I will have rammed most of the money I keep on -Bank deposit -into my Silver vaulting account and Physical Silver.

Hope I am correct ,yet I earn virtually zilch on my so called longer term higher interest deposit account..

[wallywoo] 12/5/2017 08:44

Good spot rich. Good to see that one of the closest mines to Anza is being invested in. You would of thought that lots of due diligence was carried out beforehand. Very good news for OMI.

IMO it would take a $50M investment to get a fully working mine at Anza. Still some way to go (ie need to prove up JORC reserves) but if OMI could pull off a similiar deal would be great. Continental gold moved up 30-40% on this news.

Also worth noting that Newmont, is one of the world largest gold miners and Anza is right next door to this project.

[richgit] 12/5/2017 08:22

A wake up call to OMI Investors !!!!?

Orosur will be in the spotlight if they can get more drill results confirming more of what they could
have at Anza - as Newmont now sets the scene.........................................


Exploration Prospects
11/05/2017 11:02am
Business Wire

Continental Gold Inc. (TSX:CNL)
Intraday Stock Chart

Today : Friday 12 May 2017
Click Here for more Continental Gold Inc. Charts.

Newmont Mining Corporation (NYSE: NEM) (Newmont) announced an agreement to invest approximately US$109 million for 19.9 percent ownership of Continental Gold Inc. (TSX: CNL) (Continental), supporting near-term development of the high grade Buriticá gold project in Colombia.