Orosur Mining Share Discussion Threads

[wallywoo] 31/10/2017 12:33

Hi ABC
Some results I guess. My take is that they have 2 drills, both drilling 35M a day (70M in total). Its is a 15000M drill program, so will take up to 214 days. However, it started 20 days ago and the early results will determine exactly how much more they do and where, hence my guess at another 160 days drilling.

[abc125] 31/10/2017 12:09

wallywoo, omi in their press release of the 19th of october said four holes will be ready for analysis by the end of the month (today). I took that to mean we will get drill results soon rather than later. They previously stated drill results will be out in FY Q3 Dec-Feb.

[wallywoo] 31/10/2017 08:45

Hey augustus, you have not been on here for a while. Thanks for your opinion, same as always. How about this as a win for shareholders if over the next 12 months (speculation only)

1) OMI find and define 2M ounces of gold in Columbia over the next 160 days of drilling.

2) OMI find 300,000 ounces in Uruguay to keep mine chugging along for another 5 years.

3) Get a major partner to start the Columbia mine

4) Gold price trots up to $1600+ an ounce

We live in uncertain times, disposable income has been dropping, economies struggling, QE ever on going. This is a great hedge to preserve wealth IMO.

Would anyone care that this is not a dividend stock if that happened? - BTW they did pay divi's up to 2007.

[richgit] 27/10/2017 13:59

abc125

What is incredulous,is that within all the fake news and earnings nonsense from the USA etc. The all important (75% Important) American "desperately struggling Consumer" is barely discussed,as Amazon would like to rule the Consumer World by selling at near 0 profit and increasingly employ Robots to replace all those they put out of work elsewhere,so the eslewheres will simply react by trying to outrobot them.

Tax the Robots ???



I note that Amazon`s margin is close to 0 again as the shares hit $1000 and the only thing that will keep most of the fabricated PE ratios up is more and more debt for buying back shares,yet zilch invested into future Employment,Growth and the vanishing American Dream of anything bar debt to infinity and beyond with $Confetti.

When the Central Bankers fear what could be coming (like a dreaded October crash)they employ all those $Trillions of confetti to bury everything -all bad debt and looming bad debt including ...........

What happened to the devastation of the California Fires,and all the immense damage and costs of the Hurricanes (never mind the costs of US Wars everywhere)....all magically wiped away by the 90% controlled Media to wipe away any fears or negative news acting out an October melt down.

Meanwhile the Bullion Gangsters desperately try to smash $1260 Paper Gold,whilst those not blinkered by Fake news take all Physical Gold & Silver bargains presented.

The only way forward now is to extend the unpayable debt for many Consumers
by offering them more debt with a payment extension until Death !!!

I am sure they are all looking forward to a rate hike in December.

That next step of offering more Consumer debt could be the Weimar trigger.

We will have the sub prime of sub prime-yet nobody can quite predict when,as
fake Financial news can be extended until....(The Death of the consumer)..!!!??

[abc125] 27/10/2017 12:57

There seems to be a lot of bearishness in the metals sector, which I tend to agree with given the length of the consolidation since last July, but when I look at individual price charts, some have quite a bullish charateristic whilst some are bearish.

What to make of this? I think we are seeing bifucation: the well run PM stocks are diverging from the less well run.

[wallywoo] 23/10/2017 09:46

OMI should get plenty of attention in Columbia over the next few months. The Gold symposium in a few weeks has OMI giving a presentation and a field visit to over 250 execs of some of the world largest gold miners. Interesting times here, but need some good drill results to go with it:

[richgit] 21/10/2017 15:30

rhuvaal2

What is more interesting is that they admit trying to dump their ScotiaMocatta division on the sly for the last year or so.

Who would touch it when they note the massive short position in Paper Silver
(think bust Bear Sterns) !!!!! ?

There would be carnage if they tried to quickly unwind that position,and only
JP Morgan could come to the rescue (again)as they have enough Physical Silver
tucked away to come to that rescue and stop any potential carnage of Silver soaring

But- JP Morgan would not want to let that Silver go unless they were absolutely ordered to, as JP Morgan knows exactly what their stock pile is going to be worth when THEY decide to let it absolutely rip to the upside.

Knowing how untrustworthy anything US based has become,it may be that JP Morgan
will see the advantage of letting Scotiabank watch its Silver speculation
truly burn them and fill JP Morgan`s coffers from evil !!!

[rhuvaal2] 20/10/2017 20:57

One of the Bullion Banks in the gold cartel going down. Not for rigging the gold market but for massive money laundering!

ScotiaMocatta Put For Sale After Multibillion Money-Laundering Scandal
Oct 19, 2017

The world's oldest gold trader is for sale after a massive money laundering scandal may have terminally crippled one of the most iconic names in the business.

Canada’s Bank of Nova Scotia is exploring options for its gold business ScotiaMocatta, the Financial Times reported, which include a possible sale of Canada's most popular precious metals trader. Scotiabank made a decision to sell ScotiaMocatta following a massive money laundering scandal centered on a U.S. refinery that involved smuggled gold from South America. The ScotiaMocatta business, a mainstay in PM trading, is one of London’s main gold trading banks and is being sold by JPMorgan.

[abc125] 19/10/2017 10:58

I tend to agree richgit. Orosur seems quite over looked. The main issue imo is the low reserves at their Uruguyan operation which Ignacio, to his credit, is trying to rectify. Additionally, Columbia could add value if their are some good drill results.

[richgit] 18/10/2017 08:30

Wakey-Wakey !!!


This could become headline news for OMI when the blinkered stop chasing some of the The Multi-Billion
Market Caps like TESLA etc that currently make "No profits !!! "

Maybe time for the sellers get buying back
,as the Market remains clueless of what OMI may have with their huge potential acreage in Colombia.

A sub £14 million Market Cap that may have something eventually worth "multiples"



May 2017 (a reminder)

UPDATE: NEWMONT MINING JUST BOUGHT 20% OF CONTINENTAL!
ONE OF THE GREATEST GOLD & SILVER PLAYS IN THE WORLD!
10 MILLION OUNCES OF THE HIGHEST GRADE GOLD ON THE PLANET!Continental Gold


CONTINENTAL GOLD (TSX: CNL; OTCQX: CGOOF) Newmont Mining just purchased a 20% stake in Continental Gold! Continental is a well-funded development-stage exploration and development company focused on maximizing shareholder value and committed to the highest standards of community and environmental responsibility. Continental Gold has one of the highest grade gold deposits in the entire world. The company’s flagship high grade gold and silver project Buritica, has extremely high 97 and 95% recovery rates for gold and silver. Buritica has gold resources of nearly 10 million ounces with grades averaging nearly 10 grams per ton of gold equivalent, which includes high-grade silver resources. The company has high priority targets being drilled at Buritica and a portfolio of other potential high-grade exploration projects and all projects are 100% owned. Continental Gold has over $100 million of cash in the bank and management also owns roughly 16% of the company. Symbol CNL on the TSX

[abc125] 16/10/2017 14:48

Price has indeed drifted down to the 15p area as I postulated in post 16043 on the 8th of October. If it consolidates around 15-16p over the next several weeks, this should be the low. We have a confluence of support around here: the 200 day m.a. and the 61.8% fib retrace of the July 13-18p advance.

[abc125] 15/10/2017 14:15

Gold has bottomed imho after a classic 62% retrace of the July advance.


'?

[abc125] 13/10/2017 17:17

The new holder is Continental Investment Partners. A Swiss investment fund.

[cerrito] 13/10/2017 13:51

I was wondering when the AGM is to be so went on the website and see it is in Medellin this year combining with a mining conference.
A pity as I would have liked to see them but given the small turnout in London last year cannot complain

[wallywoo] 13/10/2017 13:19

I can see the holdings statement but how do you know it is Continental Gold:



I would of thought that if they bgt 6.5% of another company they would have to tell the Canadian market? Though the rules seem much slacker over there. Could it not be Continental Investment Group for instance?

[abc125] 13/10/2017 11:30

One of the two new shareholders is Continental Gold. Interesting.

[abc125] 13/10/2017 11:23

I do not know how much further downside we have here but I think I will start adding. we have retraced 38% of the 13-18p July advance so it seems like a sensible point to start adding IMHO for the long term (see chart in post 16043).

[abc125] 11/10/2017 20:03

There has not been a genuine golden cross for years. The September cross on my chart looks weak (compared to the one in the header) but the 200 day is nonetheless flat to rising so its fits my criteria that both the 50 and 200 day should be rising for a golden cross to be genuine.


Daily Chart
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