Orosur Mining Share Discussion Threads

[abc125] 11/1/2018 14:04

H1 results are out Monday. What to expect?

[davidspringbank] 10/1/2018 14:39

Topped up with 50,000 at 12.50p.

[davidspringbank] 09/1/2018 16:09

Richgit, I'm certain that if Simon Caulkwell has anything to do with it, we'll be OK.

[richgit] 09/1/2018 15:29

davidspringbank

There are certainly always a few ill-timed Traders that cannot pay for borrowed stock
and hand over the next bargain.

OMI will doubtfully budge until News,so it is fingers crossed that Management
are in careful control and steady as she goes steering of this Gold ship.

[davidspringbank] 09/1/2018 15:01

I've just bought another 100,000 at 12.4p - not showing yet.

[richgit] 09/1/2018 13:11

davidspringbank.

The Central Bank mirage Economy creation with $Trillions more debt certainly defeated my assumed 2 year wait theory to see Gold "solidly" back in the $1400 range,so with the glory of hindsight that turned into an overall near 6 year sweat .

I reckon I am back to my 2 year theory and at least all my Gold picks still survive.

I certainly wish I had the funds that I additionally allocated during 2012/13 albeit some real bargains beyond Todays bargains make up for much of the pain.

I remain mindful,with assets I can raise this year,that maybe waiting for a truly confirmed momentum upwards being upon us,is the patience to now have.

A solid $1350 with signs we will truly see a solid $1400 will be far more powerful
now than the days of $1900,yet there will be some false signals on that road as
Dracula and the Central Banks will do anything to try and stop that breakout,but then their instrument of Manipulation (Paper Gold) is arguably as worthless as all unpayable debt based IOU`s.


2 years would certainly now be a walk in the Park with a hopeful foresight of
where the Gold price is heading over the next few years.

[davidspringbank] 08/1/2018 17:48

richgit

2018 is going to be a good year for gold. Some see it rising to $1500. In the immediate short term,I think there will be an attempt to get back to the previous high before it get's smashed back down to 1300/1280 and then we are off to the races.

[richgit] 07/1/2018 16:48

Of course Gold will step stair up down and up and I daresay many will think it`s
Business as usual for the Bankster Gangsters with wash rinse and repeat on the next fall,yet the Gangsters are becoming more aware, under orders from the BIS, to not let the price fall to levels that will have buyers of Physical Gold overwhelming their Paper Fraud, along with all those huge numbers of EFPS transferred to London, creating the false impression that the Comex Casino was not being overrun.


Looks like an exciting year ahead.


IMHO

[richgit] 03/1/2018 16:10

fbrj.

Over the Years ,I have been fascinated with the stories of the Famous investors like Jesse Lauriston Livermore.

Made and lost/made again and often lost again - fortunes.

That is also partly my own story.

What concerns me most is that having made fortunes,so many then lost fortunes
which one has to question - why ever risk and lose a fortune made and be classed
as one of the greats,a question I have regrettably asked Myself,(more regrettably-
several times !!!)albeit I dont pretend to be one of the greats,yet why do we do it ??.

Many can currently ask themselves again - why did some of the considered Greats
short the Markets, with hindsight,at totally the wrong time and get slaughtered !!?

Timing is everything,so how do some of the supposed greats get it so wrong ?

Having had probably more the luck of being a contrarian investor over 30+ years,buying into something the Market hates and sitting out usually no more than 2 years for the Market to suddenly wake up to what it hated, has made me some fortunes,plus the luck of witnessing the Dot -Com era very early.

Much was also then lost on trying to guess when the Dot-Com era was truly over and whether some of the 50% downers were still a Buy again for the next madness surge upwards,or on their way to 99% downers.Greed is a powerful and dangerous emotion.

I have always considered, pro-rata,cheap Gold as beyond an emotion,just simply a buy,but then always in the past via correspondingly what I considered cheap Gold stocks.

This time I too made a huge error,as I did not believe the Fraudsters could possibly manipulate Paper Gold for so long,which actually started late 2010 even
though gold hit $1900 later.
They could not allow Gold to break through $2000 and all their devious plans were already rooted,starting with (around late 2010)shorting the Majors to start their destruction of sentiment.
Maybe JP Morgan + Bear Sterns was the singularly biggest warning of what was being planned via The comex Casino,ruled Today by Dracula (JP Morgan )and its Vampire
Generals breaking every rule put in place,as the Untouchables.


I poured a lot more money into Gold stocks around 2012/2013 as I reckoned the turn had to come within the following 2 years,yet here we are in 2018 so the amount of funds I could be using (if i hadn`t got my 2012/13 timing so wrong)is hugely different.

Timing and sentiment is the Key,and another lesson to add to the infitive lessons
...wait until everything is telling you that a change is happening,and not just a wrong signal.

It isn`t in the Charts as the Fed`s Gangsters own and create the charts that suit them.So Chartists have been fooled so many times as they get sucked into the Painted by the Fed Charts,especially over the past 6 years in Paper Gold & Silver.

Suck them in and spit them out in a multi-year no lose situation for the Fraudsters
using their created charts as the bait for all those multi-year losing Technical Traders.


No real conclusions,

as Contrarian investing has made me fortunes,but then mistiming a 6 year sweat can only destroy part of a fortune as many of the stocks bought get progressively slaughtered over such a time frame and become the further bargains of bargain you wish you had all your Funds ready for- yet is the timing still correct or nearly correct ?.

My own day is coming when I truly decide to be a Jesse Livermore- that does not risk totally losing a fortune,so getting the timing of change in Gold & Silver along with sentiment is now so crucial-but then the Fed and its Gangsters are NOT as bulletproof as so many believe,just fools protecting their own Gangster Banks and a mirage created with Fake $Trillions of Confetti until the Markets question how long can an IOU to be paid from rising debt be accepted as any store of value or worth ?.


We can all have our moments of being great Investors,until we are not,and the infinitive lesson is trying to understand how we got it right and morseo - wrong.




To infinity and beyond when Physical dictates to Paper,and surely we must be getting closer or is that the thinking of Mr Livermore when He was right (or wrong)?

We certainly know it will be right eventually so we sweat some more,and try and get
that timing right when Investing more,as short term Trading is usually just volunteering to lose more Money and push prices even lower when that foolhardy
bet is so wrong in its timing



At some point we also need some funds to ride the momentum escalator the days the now Gold haters become the floods of Gold lovers along with rampers galore,and every 1p Gold stock has to be worth 20p ( lol- yet that`s what can happen )

.

IMHO

[fbrj] 03/1/2018 14:03

ww - thanks for your thoughts. Looks like one to tuck away just in case it takes off. 10x would do nicely! My expectations are a little more modest. Looking at the 10yr chart there has only been one occasion when there have been significant gains (last 6 months of 2010 - a 4+ bagger). Over the last 5 years its just oscillated more or less between 10-20p. With good timing (luck?) you might get 100% gain within a 6-12 month period or something substantial with Colombia coming good. Back in the day (10+ years ago) the share price was apparently over £2!

[richgit] 03/1/2018 13:40

Sentiment is always the Key...........

Quite naturally after 6 brutal years of Manipulations and pounding of Gold & Silver
via virtually worthless paper at the Comex Casino-
hearts have been broken so many times that few now believe that the fraudsters
will ever truly lose their stranglehold,yet they will-either by force or design.

Dracula will certainly want to turn its ill gotten 650Million ounces plus of Silver into triple digit gains at some point



Over time when the 5$Billion Dollar Gold stocks become valued at 10$Billion then arguably the seeds are sown for 10 Million valued stocks that "could" be valued at 100 Million or far more with obviously a good story and believable Management that can deliver that story.

In that sense it is like those that will buy Bitcoin if it falls to $9000 because
they have been convinced and believe that Bictoin will rise again past $20,000

Regardless of all the opinions of those that want/need the Dow to keep soaring
the simple fact remains that the USA is a "Consumer Economy" and the Consumer is
now hitting or defaulting on their final Credit Card/vehicle Lease/Mortgage etc etc.

Until the Consumer either gets more offers of unpayable Credit/Debt to infinity or Helicopter Money then the Consumer slowly dies in debt along with that 70% of their economy.

More floods and created fires may obviously add some temporary employment in the rebuilding along with all the Vehicles etc destroyed ,but that only masks the fact that biggest employers ie - Restaurants Bars and Fast food etc expanded beyond their available Customer base and ability to spend more debt,and now all imploding.

The super elite suck the money out into their $Trillon dollar hordes,and not a dime offered in charity towards saving Joe Bloggs as they want Joe Bloggs as their indebted and quivering in fear slaves.

Whether Bitcoin becomes the saviour of some from this point forward will be a hindsight,whilst usually the foresight of Gold and Precious Metals remaining a believable return of Money and potentially the return on money is at least still a foresight against those IOU Major currencies that have only debt to pay the IOU.

Bring on any interest rates and the proof that Gold will adore it,not ignore it

[wallywoo] 03/1/2018 08:42

fbj: I think you have to remember OMI is a microcap. The share price moves are not necessarily logical. Gold miners have been out of favour and with OMI the moves to the downside has been distorted because of its size. However, once they come back in favour the same is true on the upside.

They also have a massive unknown (relative to its mkt cap) on whether Columbia will become commercial and with what scale and what dilution to shareholders. Many of these questions will be answered over the next 12 months.

Not for widows or orphans, but IMO if you are looking for a potential 10 bagger with limited downside, this is it IMO

[fbrj] 02/1/2018 20:38

More recently, I've dabbled in and out of this share for over 18 months or more. Prior to that I can recall some purchases at 50p+ in early 2013! I had assumed, perhaps erroneously, that this was a play on the PoG. Here are some more recent data points:

Sold last of a 500,000 holding 12 June 2017 at 13.8p (Offer was probably 14.25p) - PoG US$1269
Bt 11 Dec 2017 at 12p - PoG US$1247
2 Jan 2018 share price (offer) 13p - PoG US$1315

In other words, in 6 months the PoG has risen US$45 and yet the offer share price has fallen 2.25p. Or, in the last 3 weeks the PoG has risen US$65+ and the share price has risen 1p.

I know there are currency factors but what else is causing the disconnect between the PoG and the share price or is the share price seriously lagging the PoG?

[wallywoo] 02/1/2018 10:32

2018 will be a year of drilling and exploration news for OMI. A week or 2 from the half year results, should also gives us a update on how it is going.

Having a gold price over $1300 again keeps good cashflow coming in. Everyone seems to expect it to be knocked back down again, lets see...

[s0lis] 29/12/2017 11:07

Oh forgot.

A happy, healthy and we hope prosperous New Year to all.

[s0lis] 29/12/2017 10:49

What's the betting that the powers that be SH17 on gold's rise before the end of the year i.e. sometime but most likely at 14.00 GMT today ??

[richgit] 22/12/2017 09:47

If we get some good results from Colombia,then OMI is by far one of the cheapest exploration stocks around with potentially one of the most exciting acreages offering the "potentials" of a Brancote scenario.

It is most certainly the cheapest Gold producer I own which would become apparent
to all if/when the Cartel finally lose more control of paper Gold Manipulations to Physical Gold.



Just compare its Market value with so many others,but then we are currently in a period whereby continually misguided short term Traders are the most destructive force to so many stocks as they buy and then sell at loss so often.

Too many of the Herd type Investors think a 1-2p stock is cheap and anything else
expensive,as they just do not look at Market caps and debt behind Market Caps.

"What has Market Cap got to do with anything !?" was a statement from an Investor
replying to me regards Knutsford group valued at £850 Million in the Dot-Com era

The dilemma for some time will be whether Investors will see this as a Gold producer or explorer,and at this moment there is some appetite for Exploration stocks with decent results to drive "What if "


Hopefully one day OMI will be viewed as one of the cheapest exploration stocks
and producers.


Such a double whammy would certainly propel its value many times,so meanwhile it`s
patience and buy if you believe - for longer term,as momentum Traders will have their feast if we do witness the Dot-Com era of Gold stocks which may arrive
in 2019.



IMHO

[abc125] 21/12/2017 16:03

Anyones guess really. Could be a £1 if Columbia drilling is positive and gold is at $1500.

[wallywoo] 21/12/2017 15:37

Its end of year, and I'm bored at work! Anyone like to play guess the share price of OMI in 12 months time, 31/12/18? My guess:

45p

[richgit] 21/12/2017 15:23

David

It is certainly logical to have a measure of distrust towards anything connected to Banks.

"Lehmans could never go bust was what near everyone believed " no wonder Germany
is so deperately trying to shore up Deutsche Bank,the Bank (amongst others)that
could not deliver to its Customers the Gold they thought they had bought.

Which reminds me of the crooks Morgan Stanley, that apparently stand today in the spot Lehmans did,who could not deliver the Gold to customers it was fraudulently charging storage fees for ......as they simply never bought it !!!




I doubt even Carl Friedrich Gauss could figure out the true Derivatives situation.

[davidspringbank] 21/12/2017 14:03

rhu

I use Gold Money to store my gold and Bullion by Post for deliveries. BbP is excellent and I've been dealing with them for years.

But thank you for your advice.

[fangorn2] 21/12/2017 12:26

Yup, don't disagree but those eye watering national Debts have to be "sorted" somehow.

Suspect it is going to be via a "global reset" of some sort - Ponzi state pension system will collapse at some point if it continues as is..

Wealth will be confiscated imo in conjunction with this debt writeoff.

Some way to go yet though

Happy Christmas!!! :)

[rhuvaal2] 21/12/2017 11:43

fangorn ~ a friend of mine uses a place in the Midlands which concludes a deal for selling physical gold one day, providing one achieves next day delivery to the trader. At the point when the government passes a law forbidding transactions in gold altogether, then having it in a vault is the scariest route down the road I want to take. Can we imagine Tesco accepting silver or gold for our groceries.... Much will happen before we get to that point, I think.

[richgit] 21/12/2017 09:44

Fangorn2

Depends how much you may accumulate


There are risks everywhere,and whilst I may be being overly untrusting,if
you hold physical Gold & Silver in any quantity at Home,then it must be insured
even against the Squirrels building their nests with your Garden treasure)lol)

Imagine those Criminals everywhere these days passing information from you insurers
to their Thieving friends that you have X £thousand of Gold & Silver at home.

I too use Royal Mint for some Gold and Bullionvault for mainly Silver.

It does no harm to have several "vaulters"as a safety net,yet again it all depends
how much any individual is stashing away.

Will the UK create a "Bad Bank"- who knows,whilst in Euroland the ECB is on track
to Bankrupt itself so how many "Bad Banks" can they create when Draghi hides under
His Bed ?

Yes- NO MORE BANK GUARANTEE which may come to the UK