Orosur Mining Share Discussion Threads

[wallywoo] 13/9/2017 08:56

Strange goings on with OMI. Currently if you hit the quote button both the bid and offer price are the same. Good volume and increase on TSX yesterday too. Can't help but think a lot is going on behind the scenes here.

[abc125] 12/9/2017 11:39

The 28th of August RNS implies Columbia drilling has started.


Exploration and Corporate

-- Following completion of the equity raise announced on August 11th,

2017, the company is in the process of ramping up drilling in Colombia

and plans to update the market on recent Exploration progress in both

Colombia and Uruguay in short order.

[wallywoo] 11/9/2017 17:48

Hmm highest volume for 7 years along with over 600k shares bought at 19p. Well over the offer price. Some one thinks this is going much higher

[wallywoo] 11/9/2017 14:15

Volume is very high here, and has been for a few days. IMO someone is hoovering up any spare shares at these prices. Interesting times ahead!

[abc125] 10/9/2017 19:02

Unlike silver, gold has followed a text book Elliot Wave pattern since the December 2015 bottom.
It sure looks bullish and I would not be short. If my chart is correct, we have just started the fabled
wave 3 of 3.

In terms of upside targets I have:

$1475 - Wave 3 = Wave 1 ($330 advance)
$1676 - Wave 3 = 1.618% x Wave 1

Wave three's are generally broad and strong so I would plumb for the
higher target.

n.b. Note the very deep Wave 2 fibonnacci retrace down to $1122 in
December 2016, nearly 77% - a lot of punters threw the towel in here.
When the Wave four correction happens next summer (?) the rule
of alternation implies the correction will be shallow (more like 38%).
Also, by then, most punters will realise that it is a genuine bull market
and dips will be quickly bought.


weekly gold chart
'>

[abc125] 10/9/2017 14:23

I contacted the company and was told the exploration/resource update re Uruguay and Columbia will be out in a 'few weeks'.
Given the amount of drilling success going on in and around San Gregorio,
my guess is that the update will be share price positive, maybe significantly so.

[happyholder123] 09/9/2017 10:08

HNR -
TWO wells successfully drilled with abundant oil and gas in samples extracted!
Fracking and FIRST OIL next month!
Don't miss this train!

[rivaldo] 08/9/2017 06:34

Gold now up above $1,355....

[abc125] 07/9/2017 18:42

A good weekly close and through resistance at 17p and a clean breakout from the wedge. Next target is last July's 22p highs. Orosur seems to be in an impulse leg up. If so, the pullbacks will be minimal and quick.

Looking at the long term chart, I now do not see any strong resistance until the 30-40p area.



weekly chart
'?

[rivaldo] 05/9/2017 09:18

Good to see buying at the full 18p offer price now.

And gold still above $1330.

[richgit] 04/9/2017 09:58

rhuvaal2

This is THE big news-though will take a while........


Consider that the USA destroyed Iraq and Saddam,and then Libya & Gadaffi`s rape by
Bayonet and much much more to avoid this ......................




Authored by Tsvetana Paraskova via OilPrice.com,

The world’s top oil importer, China, is preparing to launch a crude oil futures contract denominated in Chinese yuan and convertible into gold, potentially creating the most important Asian oil benchmark and allowing oil exporters to bypass U.S.-dollar denominated benchmarks by trading in yuan, Nikkei Asian Review reports.

The crude oil futures will be the first commodity contract in China open to foreign investment funds, trading houses, and oil firms. The circumvention of U.S. dollar trade could allow oil exporters such as Russia and Iran, for example, to bypass U.S. sanctions by trading in yuan, according to Nikkei Asian Review.

To make the yuan-denominated contract more attractive, China plans the yuan to be fully convertible in gold on the Shanghai and Hong Kong exchanges.

Last month, the Shanghai Futures Exchange and its subsidiary Shanghai International Energy Exchange, INE, successfully completed four tests in production environment for the crude oil futures, and the exchange continues with preparatory works for the listing of crude oil futures, aiming for the launch by the end of this year.

“The rules of the global oil game may begin to change enormously,” Luke Gromen, founder of U.S.-based macroeconomic research company FFTT, told Nikkei Asia Review.

The yuan-denominated futures contract has been in the works for years, and after several delays, it looks like it may be launched this year.

Some potential foreign traders have been worried that the contract would be priced in yuan.

But according to analysts who spoke to Nikkei Asian Review, backing the yuan-priced futures with gold would be appealing to oil exporters, especially to those that would rather avoid U.S. dollars in trade.

“It is a mechanism which is likely to appeal to oil producers that prefer to avoid using dollars, and are not ready to accept that being paid in yuan for oil sales to China is a good idea either,” Alasdair Macleod, head of research at Goldmoney, told Nikkei.

[rivaldo] 04/9/2017 09:10

The gold price is up sharply to $1338 now and looks set to continue at high levels at least while the NK situation continues.

OMI will hopefully be taking advantage.

[rhuvaal2] 03/9/2017 21:26

Awful indeed.

[richgit] 03/9/2017 12:20

Spare a thought for the thousands of Americans that have no flood Inurance,and what they must be facing.

The repercussions are going to be horrendous.

[abc125] 02/9/2017 17:37

Following on from my chart in post 15974, we have a confirmed breakout out of the year long consolidation imho.


p.s. note the second full bodied weekly green candle - strong indicator. Accumulate pullbacks (if we get any).


weekly chart
>'>

[richgit] 01/9/2017 10:31

Yellen- sleepless nights humming Elvis (caught in a trap)

Dracula and other Fed Gangsters already know the Job numbers of course......


If the Job numbers are good- they can be considered fake,yet an excuse to try and hammer Paper Gold until Sovereign Buyers of Physical exhaust the fake bargain- again.

If the job numbers are bad-they can be considered a lot worse than stated.

Somewhat ironic that all the Autos to be written off in the Floods will at some
point provide temporarily fake positive news for the slowly destructing Auto Industry and its sub-prime loans to Ghosts.


Dracula(JP Morgan)has certainly secured its obscene theft of Millions of ounces of Silver (600 Million !!?)to its own account and potential obscene future profits.

At some point- hopefully-OMI will be keeping investors on the edge of their seats
wondering what the Waymar assets could be proven to be worth,which "could" be multiples of a Market Cap valuation that includes so little.


Over the last 18 months I added some other Micro-Caps as a spread of risk/reward
whilst asking Myself how I could justify buying some stocks valued not that much less than OMI- yet in comparison......so far behind being a near debtless actual producer of Gold with additionally the potential of something greater than the total potential of some others I have bought into.

Only because my position in OMI is arguably at my- allocated Capital max (actually beyond Max) for any given single stock investment.

For Me- This Management has done everything right during these fraud Markets,even down to my suggested placing (over subscribed)for putting the Waymar assets fully
on the Menu.

Sensibly cautious Management that now deserve some luck of the drills,and a more
truthful Gold price.

I cannot predict the future no matter what sensible degree of foresight,yet we do not need Gold $1900 or beyond as just a belief we can truly envisage $1400 (all things being equal )will be the equivalent of $1900 and beyond for a huge rerating of so many truly battered stocks.

[rivaldo] 01/9/2017 09:28

Cheers iantrader2.

Nice 50k buy at 17.2p just now has caused a positive intra-day turnaround - a good sign. And the gold price is still up at around $1320.

[iantrader2] 31/8/2017 15:04

more meat on the bones :


hxxp://www.proactiveinvestors.com/companies/news/182460/orosur-mining-has-sizeable-gold-opportunity-in-colombia-according-to-cantor-182460.html

[abc125] 29/8/2017 10:55

Just to add, Bob Moriaty is a shrewd cookie. He saw the early potential of Novo Resources five years ago.

[abc125] 29/8/2017 10:46

Whats not to like about this company. Safe jurisdiction, no debt with exploration upside. I'm reminded what Bob Moriaty wrote three years ago about then Waymar Resources (which Orosur acquired).


I’m going to climb way out on a limb and make a prediction based on the assay results they have already released and from looking at the core. This company is going to be a whole lot bigger than Continental Gold.

[ironstorm] 29/8/2017 10:33

This looks a great update and for once they are starting to talk about expanding resources - timing might be spot on.

Very lowly rated too. Hopefully this will move to the 20s fairly soon.

[abc125] 29/8/2017 10:20

Looks like we will have a separate RNS re exploration updates. We're due a resource upgrade for Uruguay. There could be some nice additions to reserves.


Exploration Update

Following the equity raise announced on August 11th, 2017, the company is in the process of ramping up drilling in Colombia and plans to update the market on recent Exploration progress in both Colombia and Uruguay in short order.