Orosur Mining Share Discussion Threads

[taperkick] 03/12/2017 16:16

These are just going to drip drip lower with the current gold price. Let's hope we don't get a "rig still being repaired" RNS this week.

[rhuvaal2] 03/12/2017 15:46

richgit

from stevea171:

"This is Augutus's long standing position that he's posted many times on many threads over a long time. It relies on the fact that patterns that are established and have repeated many times (as he says) will always do so in the future like eg night following day.

But that does not take account of black swans and long cycles some of which are too long even for one life time. The London Gold Pool was broken in the past and the Comex/LME racket will be broken in the future. It seems to be close to that right now with this latest wheeze the issue of EFP's to transfer the obligation to deliver physical from Comex to London.

Even night following day has not always repeated in a 24 hour cycle. The Comex will be broken but those who predict particular dates have been wrong in the past and may be again."

[richgit] 02/12/2017 18:41

Elban

You have never understood.

You don`t understand the meaning of the recently multiple EFPS and their signifinance relating to an actual inability to make Gold delivery to many standing for Comex delivery, which are now offered the cash sweetener to take that delivery in another month

This would suggest that in real terms the Comex would be in default,so just another
fraud added to remove the problem until another day

JP morgan as Dracula is Teflon coated,and even with them holding the obscene
shorts hold on Paper Silver,they do have 600 Million Physical ounces to protect them
from whatever.

Other shorts in Paper Gold and Silver most certainly do not have the luxury of
Physical Gold or Silver to deliver against their shorts so could be incinerated
in any Comex problems.

You cannot argue that a leverage solely used against Gold of 93-1 or possibly 500-1 including derivatives is a balanced risk market.

One of Big 8 shorts Vampires was bailed not that many months ago and as we witness
the immense volumes in Paper Gold and Silver this is becoming the final stages of
a War that someone is going to lose.

I do agree that doubtfully that will be Dracula or its 3 Generals,but there are other Vampires at immense risk.

The Gold is gone.

[richgit] 02/12/2017 13:44

You have to laugh,as apparently main street news media ABC proves once again that members of the main street media are the conspirators of Fake News.

Maybe those that lost Millions on their me too Margin yesterday will sue ABC for the
fake news (lol)



Meanwhile is Dracula and its 3 Generals planning for a double cross of the
Lesser ranked Vampires in Paper Gold ,as we know Dracula in its own self preservation
is fully prepared to feast from Cannibalism

[richgit] 02/12/2017 12:04

rhuvaal2

The Gold cabal are commiting truly- in you face fraud-,as they keep producing short contracts
when they know there is a total insufficiency of Physical Gold left at the Comex

Inability to deliver and Comex default is being hidden in those EFPS as the problem
passes to London and the Dark corridors of the OTC Market .


Meanwhile I think Amazon is the current Enron sham/scam with all its NO PROFIT
hidden in multiplying debt
.I can only imagine that Mr Bezos thinks His no profit loss making Enron will become such an armageddon of margined money bets that it will be continually rescued.
Amazon is merely a parasitic discounter that offers a mirage of huge growth by selling at a loss..........that is hardly a great Business that needs protecting.

When the time looks right I may try a short against Amazon because in my World a mere parasitic discounter making 0 would go bust in bad market times.

[richgit] 01/12/2017 13:34

I will add to a couple of my Gold picks later December,and before the World
discovers that Joe Bloggs hit their final margin of their final Credit card for Xmas...all eagerly awaiting the Fed`s interest rate increase (lol).


Since 2008 We have all witnessed the reckless Central Banks having only 1 policy,
that of kicking the can down the road until the Can disintegrates and becomes unkickable.


Now The Gangster Gold Cabal go full force with the same policy as they kick their
No Gold Comex problems down the road with multiplying EFPS`s.

We would thus assume that after a laughably fake GDP,that the Jobs Numbers will be
as laughable,yet regardless of the numbers(even bad) the Cabal will attempt to dump
another x $Billion paper Gold as this may be their last desperate opportunity.

I daresay they desperately need below $1260,as the Sovereign buyers await with glee.

[richgit] 29/11/2017 14:55

As the US dishes up the nonsensical -fake GDP report.

We have witnessed some circa $12Billion of Paper Gold smashes in weeks (including Todays circa $6Billion)and no need for answers as to who controls
that debacle of NO GOLD paper.

Talk about desperation !!!

One day the Robot traders will blow their fuses,and the Humans, that will have to switch them off will not figure out what to do.



Meanwhile.....


Gold’s Global Supply: Heading for Cardiac Arrest — David Smith



Metaphorically-speaking, available data strongly suggests (with evidence mounting sharply since 2015), that over the next few years an ongoing narrowing of the global gold supply’s veins and arteries is leading to a series of demand seizures, climaxing in a systemic “heart attack”.

Pierre Lassonde is a giant in the mining business. In 1982, he co-founded Franco-Nevada, the first publicly-traded gold royalty company, which now has a seven billion dollar market cap. He played a critical role in the growth of Newmont Mining, the world’s second largest gold producer, heading to become the largest as current No. 1 Barrick Gold divests non-core mines. When he speaks, you and I should pay attention… In a recent interview, discussing the global gold supply going forward, Lassonde said:

“Production is declining and this is going to put an enormous amount of pressure on prices down the road. If you look back to the 70s, 80s, and 90s, in each of those decades the industry found at least one 50+ million ounce gold deposit, at least ten 30+ million ounce deposits and countless 5 to 10 million ounce deposits. But if you look at the last 15 years, we found no 50 million ounce deposit, no 30 million ounce deposit, and only very few 15 million ounce deposits. So where are those great big deposits we found in the past? How are they going to be replaced? We don’t know. We do not have those ore bodies in sight…”

“High grading” – mining the best ore bodies first in order to remain profitable, lack of exploration success in replacing reserves in spite of increased funding, and elevated “country risk” around the globe are placing declining supply on a collision course with increasing demand."

[richgit] 27/11/2017 10:50

As per the usual cycle,someone will sell at the bottom and some will buy at the bottom.

I daresay,at some given point the first £50k of buys will take out the bottom,and
let us hope that is the point we look back upon for some years to come.

One of these days we can hopefully start a long term process of discussing OMI`s potentials.

Just need the luck of those drills to confirm we have some dreams for many years ahead.

For now let us see what plans the Gangster Cabal have for that owed Gold being
pushed into December/London/all the fraudulent OTC actions and maybe the thoughts of Gordon Brown & Eddie George`s staring down the barrel of a 12 bore as London was to meet the Gold tsunami of no gold last time.



Our time will come,Rodders.

[wallywoo] 27/11/2017 10:08

I see it a bit like playing poker, and pretending you have a good hand (bluffing):

1) Banks / govts etc know you don't want to store gold yourself, and they can control the paper markets (for the time being).

2) A large increase in the price of gold is indicative of financial system problems, and the world is desperate to show there is none.

and so the game goes on, until someone changes the rules, or an event stops all the bluffing

[tradeforce] 27/11/2017 09:27

richgit,

I saw this article and thought of you:



Maybe you are actually on to something!

[richgit] 25/11/2017 15:48

With now MORE confirmations that the Comex has no Gold or Silver for delivery we also have Mr Rangold warning again...

"A gold industry obsessed with containing costs and minimizing risks will find itself at the edge of a cliff by 2020 as supply tightens"

We can thus imagine in shortsightedness and temporary gasps of relief,that many majors will bang out as much of their remaining higher grade Gold above $1300.

That may suggest that perversely by $1900 Gold they will be left with much lower grading and Mr Rangold`s falling off the Cliff with much reduced production and still insufficient loose change to get back on what would now be the very long term exploration ladder.

Maybe $3000 will help that problem,yet overall what about the already 10 year gap of
exploration to production and then add another 10 years gap from instigation.

The obvious answer for some is going to be buy-buy-buy those resources from others
which could become a very crowded Auction

Overall we can certainly see how Gold has to be beyond $3000 to even begin to resolve declining resources and the potentials for.... sorry....No spare Gold !!!

[richgit] 23/11/2017 11:34

I remember the Dot-Com era like it was Yesterday.

You had to recognise certain rubbish type stocks that few were interested in,that could soar for all "the wrong reasons" - Bar an irrational bullish sentiment that was building slowly like a Hurricane.

I remember the Tipster Michael(Minmet) Walters suggesting (in its early days) That
Baltimore could be allowed a PE of 1000 !!

I thought no Market gets that stupid no matter what the sentiment and ironically never bought into Baltimore in my portfolio of rubbish that could move 10 times or more if my theory that the early days of some Dot Com Hurricane was forming.

Fortunes were made (and lost)and I ,certainly like so many, dumped part of my fortune into buying the eventual dot-com dips " that never rose again ".


I am not sure what the final sign of the peak of the Dot-Com era was,but of course
so called Newspaper analysts had changed from decrying the stupid valuations to actually becoming clones of Michael Minmet Walters.



Baltimore,that I didn`t own,climbed from its Pennies to £120 per share in its short period in the FTSE100 (the peak)ouch !!!

Yet I think that the true top was when the now fully believing so called Newspaper analysts printed the Story about Knutsford Group and its new Board(with just £5Million in the Bank)could mount a bid for Marks & Spencers !!!? and they were deadly serious in their by then Labotomized - it`s all different now brainwashing !!!.


Knutsford Group saw a high in Market valuation of £800 Million before it crashed
to near dust again !!!

Sentiment is the force,and it has been virtually 90% negative for Gold/Silver
and related stocks.

When anyone questions how sentiment can change beyond imagination-just think about Baltimore and Knutsford Group, how they become so grotesquely over-valued,and then proved That Michael Minmet Walters was so ludicrously wrong as Baltimore and
others crashed to near 0- yet ironically made many Michael Minmet Followers fortunes from being wrong - at the right time.

Let us hope we so called Gold Bugs become right for the right reasons,
after such an awful 6 years of sentiment falling to hopefully nearly the Final Capitulation.

When there is nobody left to sell is the timing we all dream of yet rarely get
right,as we wonder if there is nobody left to Buy in the Current central Bank buying Dot- Manipulation era.

How much Gold or Silver that does not exist can the Gangsters sell !!?














.

[richgit] 22/11/2017 17:24

With Swiss refiners struggling to obtain sufficient gold to meet demand,
whilst producers cannot increase supply to meet demand,and that is when
most Joe Bloggs and Fund Managers have NO INTEREST whatsoever,then gawd knows
what will happen when some wake up.

There are many that argue Bitcoin is not in a Bubble as Bitcoin is limited to
a maximum of circa 120 Million whole Bitcons
I wont argue with them,as I don`t know,Yet the day may come whereby you buy a Trillionth of a Bitcoin.


How would thus anyone argue (in time to come) that Gold is in a bubble when there isn`t any available
at say $6000 ?

Anza requiring Capex !!! We certainly dream of that day


OMI would be worth many multiples of £12 Million and Investors gagging to raise
that Capex ,like a walk in the park.

[2sporrans] 22/11/2017 16:32

A struggle to produce 30k/oz-pa in Uruguay and AISC of around $1250-$1300/oz.
If the POG was reliably above $1,400/oz, I'd see the attraction; assuming the open pits can produce ~ pre 2013 levels [when the operations were downsized].
But it ain't.

Anza might fetch a decent price with an extensive JORC job completed.
Even achieving this is incurring share dilution as no surplus cash from Uruguay.
Developing for production will require CAPEX of $10's millions, even for minimal plant - heap leach extraction.
So, big share issue and dilution or loan at maybe 12%pa interest.
Best of luck with that.

[breaktwister] 22/11/2017 12:02

Dip today on a temporary drilling issue. Good entry point for those that believe in the longerterm prospects.

[richgit] 17/11/2017 12:45

Regardless of whatever Draghi says,
I read a report that suggested 75% of Euroland Trade is within Euroland
So who is getting the biggest slice of the only possible wealth generation in "from outside of the Euroland Barter scheme" ??


A somewhat incestuous Barter trade whereby obviously for some to get richer- some have to get poorer/much poorer,and I daresay we will be hearing from those very loudly in 2018 that will need their unpayable debt burying -- Mr Draghi !!!..

Meanwhile it is like going back 17 + years when we had had all the Big guns of Fake media News (particularly The Times) with all their anti-Gold nonsense, which I think ended with the final total desperation last resort of the very public IMF Gold sale.

Then they were done and Gold potless when that Gold was snapped up

That is their dilemma Today,as to how can they Get Paper Gold down below $1260
without risking "Those that know" flooding in for the bargain and demanding more
Gold than the BIS can sweep up in Gold swaps to the Gangsters of Fraud.
Maybe they will order the West`s Dentists to pull out all Gold teeth,yet any sign
of desperation could cause the opening of the floodgates they fear.


Meanwhile they are dumping all the (no Gold )problem on London/December,so let us pray that We bust Brits don`t pay the price of all that multi ownership, rehypothecated to Planet Zog - missing Gold !!!


One day Rodders !!!!!!

[wallywoo] 14/11/2017 22:30

Finished up 27% in Canada. Should be a good day tomorrow. omi are presenting at the gold symposium, and the agm is on Friday. So lots happening here.

[s0lis] 14/11/2017 20:56

abc + wallywoo.

Oops. Thanks.

Been in for more than 10 years, but gone off frequent looking in of late so obviously missed something. Large holding with average of 40p which I have not got rid of as believe they have VERY good management and only need a bit of luck.

Will look in more often from now on.

[wallywoo] 14/11/2017 09:02

Not only presenting, there is also a field trip for the delegates - so they can see the site for themselves.

Should generate plenty of interest...

[abc125] 14/11/2017 08:57

Interesting timing for this RNS drill result release when Orosur will be presenting today and tomorrow at the Columbian gold symposium.

[wallywoo] 14/11/2017 08:48

The old data is freely available Solis. I think they estimated (not JORC) just under 200K ounces of gold so far. It is early days in this drilling (another 10 months of news). Highlights from original drilling:

Hole Number From (m) To (m) Interval (m) Au g/t Ag g/t Zn (%)
MAP‐11 213.0 219.0 6.0 18.26 1.95 0.35
including 217.5 219.0 1.5 72.30 6.90 0.93
MAP‐20 145.0 186.0 41.0 3.85 1.39 1.25
including 171.3 177.0 5.7 19.84 3.94 1.66
MAP‐21 224.0 242.0 18.0 14.14 2.05 2.83
including 225.0 229.4 4.4 45.62 5.47 10.59
252.0 253.0 1.0 10.85 1.80 0.67
MAP‐29 183.0 194.9 11.9 10.57 2.40 1.61
including 185.0 187.0 2.1 40.25 4.85 4.64
MAP‐33 157.1 179.5 22.4 10.42 1.87 1.56
including 165.0 170.8 5.8 29.49 3.37 2.81
MAP‐36 198.6 227.5 28.9 3.88 1.68 0.43
including 205.5 217.5 12.0 8.83 2.65 0.59
MAP‐38 123.4 124.5 1.1 15.40 3.60 1.94
3
172.0 212.5 40.5 14.09 3.82 1.95
including 179.5 186.0 6.5 70.99 6.34 0.12
including 184.6 186.0 1.4 176.00 15.20 0.39
including 202.0 205.4 3.4 20.89 9.71 4.75
MAP‐43 65.5 68.6 3.1 7.66 73.04 0.68
167.5 231.5 64.0 1.88 1.88 0.70
including 209.0 214.0 5.0 9.07 3.40 0.70
MAP‐47 105.0 118.3 13.3 2.24 316.25 1.00
including 106.0 110.5 4.5 4.69 768.89 2.34
MAP‐48 181.0 195.7 14.7 40.37 9.30 3.41
including 185.5 195.7 10.2 58.03 13.16 4.85
including 187.6 189.5 1.9 219.00 29.50 6.55
Th