Orosur Mining Share Discussion Threads

[rhuvaal2] 20/2/2018 17:20

We all know that you REALLY DO HATE this company and, as you wrote a couple of years back, wished it would go into administration, but that is NOT going to happen. Starting from now, this minnow could well grow to have many stiff hairs on its chest =
making it a fearsome player in the precious metals pond. I am not convinced that your figures are anywhere near accurate either.

[augustusgloop] 20/2/2018 16:57

Take the period from 31st May 2011 to 31st May 2017.

During this period - shareholder assets (net assets) fell by $43.8 million
And they did a placing for $10 million.
So a fall in shareholder's assets of $53.8 million.

Not a penny was paid to shareholders.

305,352 ounces of gold were dug up and disposed of.

--------------

So in this 6 year period, you - the shareholders - paid $53.8 million to have 305,352 ounces of your gold removed from the ground and passed into other's hands.

Surely nobody thinks that you didn't get completely SHAFTED!

[the priest] 20/2/2018 16:14

Sadly, I've just wasted my time unfiltering augustusgloop to read that pile of tripe.

I would have though capital appreciation from under 6p in late 2015 was worth having, especially those who had the foresight to sell in the low 20's (not me). Mind you I'm still up over 50% in less than 18 months so mustn't grumble because that looks like a return to me.

Note to self - we filter people for a good reason, must remember that in future. Curiosity only leads to disappointment when you unfilter them.

[augustusgloop] 20/2/2018 14:18

What's not to like????

Perhaps the fact that OMI have a record of properties with good gold grades -- and paid people to extract the gold from the ground and dispose of it.

Hundreds of thousands of ounces of your gold removed and disposed of ---- shareholders get NOTHING back in return.

The better the grades - the greater the profit - for the guys that dispose of the gold for you. You still get nothing!

[the priest] 20/2/2018 13:59

*some kind of JV - obviously

[the priest] 20/2/2018 13:58

Let's keep it at this price for a while so that we can accummulate a few more...

I was one of two investors at the AGM in 2016 and I remember thinking "there's gold in them hills" when they discussed the Colombia prospect and yet the market has ignored it.

This share is a funny one - if you do some digging the easons why the AISC has risen sharply will become apparent. Effectively they moved the mine in Uruguay up the road. That doesn't come for free. Now that job is done they can settle down and keep digging. Next year we'll see AISC at a more realistic level compared to the gold price.

Putting a different view on this, if we see $1,500 gold this year then that will have a very marked effect on profits - more so that when our AISC was low. That itself should boost our share price on the Uruguayan operation alone.

Unfortunately I couldn't attend the 2017 AGM (the fact it was in Colombia had a lot to do with it). If I had gone I'd have asked some searching questions about the plans for this asset. My quess is that we won't mine it ourselves but we'll either sell it or do some king of JV with one of the majors who operate nearby.

Anyway, the great thing about this asset is that it's available to buyers of OMI shares virtually for free. At the beginning of February you could pick these up for the price they are today but now we have significantly more visibility as to what's there.

What's not to like...

[wallywoo] 20/2/2018 11:27

APTA high grade gold mineralized intercepts now covers
a strike extent of ~1.5 km and depth extent of 275m
• Mineralization remains open in all directions

After these results a JORC estimate >500K ounces must be in reach IMO

[abc125] 20/2/2018 10:31

Wallywoo, what do u have the mineralised depth at? I'm getting a figure of 225m. Is that correct?

[wallywoo] 20/2/2018 08:52

Drill results looking good. They don't say if they have enough drilling for a JORC estimate in APTA. Lots more info in a updated presentation here:

[abc125] 20/2/2018 08:44

It looks like they changed their drill program in Anza. Seem to be focusing on Charrascala which looks huge.

Charrascala is defined by an extensive coincident gold in soil and magnetic
anomaly that is approximately 3 km north south by 1 km east west and localized along a potential north south structure. Surface mapping and sampling combined with interrogation of geophysical data sets indicates very similar signatures to APTA.

[highly geared] 20/2/2018 08:15

Very good grades and decent thicknesses. Anzá shapes up nicely...

[s0lis] 20/2/2018 07:36

We have news. Better than I could have hoped for on what I have read so far

[richgit] 16/2/2018 10:44

fbrj

So often short term traders that buy a stock on the hoped basis
that others will buy and put them into a quick profit- yet they buy at totally the wrong time and then push the price down when they sell- and so forth.

Other longer term buyers will not buy OMI until there is news re their current situation ,plus a change in the dreadful sentiment towards Gold and Gold stocks, as
everyone remains convinced that the Cartel can infinitively smash Paper Gold lower.

We shall see if they can do that whilst the Chinese are distracted next week.


Just maybe the next 5 years will be a totally different story for OMI and so many others

[fbrj] 15/2/2018 21:58

This gold exploration/production company is a little strange....SP seems to react inversely to PoG! Just a few days ago the PoG was around 1315 - today 1355 and guess what? share price is down!

Similar story over different time frames....In Sept when PoG was similar to today, share price was around 18p.

[fangorn2] 15/2/2018 20:27

Au contraire, been invested here for a long long time - seems an eternity!

Always jam tomorrow here.

[rhuvaal2] 15/2/2018 15:06

Fanghorn ~ I see you're blessed with hindsight: not foresight.................

[richgit] 15/2/2018 14:26

It is more than simplistic to understand why the Markets are held up with
blatant PPT manipulations when considering that Deutsche Bank & Morgan Stanley, alone, are less than 4% asset destruction away from total Insolvency

Remember Lehmans !!

Someone made an interesting comment with regards to why Banks remain reluctant to lend to each other - because each one knows how potentially insolvent they are and that others must be the same !!!

Notwithstanding the massive QE`s and money printing to merely save the Banks,the Banks
remain in fear of each others hidden Black Holes.

I daresay in view of that- Draghi may yet have to print Billions more to quietly save the next bust Bank that Mr Dalio is betting against.

There is surely going to be a lot more more worthless confetti around before the end of 2018

[fangorn2] 15/2/2018 11:56

ah the usual collapse since September last year I see.

This stock is never going anywhere.

Augustus called this one correct for years regrettably.

[wallywoo] 15/2/2018 10:27

SP looks very bottomed out currently. Bit of buying in Canada, but seems very subdued. Gold price looking good and approaching highs again.

We just need good news out of Colombia. Historically, OMI have had poor success (Talca in Chilli, and Pantillio both had a fair bit spent on them drilling with no success) So maybe you can understand the fear in the share price

[richgit] 14/2/2018 14:07

We have confirmation(not that we needed it)that the US Consumer is - consumed.

Debt defaults will rise and rise.

Also very worrisome is the Interbank Lending plunge.

The Algos can try to manipulate all things Paper-yet manipulating Consumed Consumers
in a 70+% Consumer economy is - quite something else.

[donnatella] 13/2/2018 09:08

I have been sitting tight here for years but that chart certainly is looking grim atm.

[richgit] 12/2/2018 13:26

Careful what we wish for !


Everything is in Gold`s favour albeit the Cartel will no doubt try a further takedown of their- No Gold paper gold -during the coming Chinese Holiday.

Ironically the BIS has Gold`s back as whilst all the issuers of confetti don`t want Gold to tell the truth,the BIS has to ensure (via their Bullion Bank Gangsters)that their "Comex worthless paper Gold" is not sold down to certain levels.

For how long can they use their latest tool of ever increasing EFPS passing from Comex to London as just another kick the can until it wedges up against a solid concrete wall.


I will be very happy to witness a modest circa $1450 which no doubt will arise this year,for the time Gold becomes remotely properly priced it will be signalling that
the World beyond our front doors is going to start looking rather ugly.

So careful what we wish for,yet probably an inevitability.

Deflation/Inflation it matters not as Gold will love both in our unpayable debts World and the total Confetti they ask us to accept their IOUs in

[s0lis] 08/2/2018 10:33

Jesse Livermore Quote 6:

“The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.”