Orosur Mining Share Discussion Threads

[richgit] 04/4/2018 12:35

WALLYWOO.
Valued at less than a 2nd hand digger,and they have plenty of diggers.

Arguably one of the lowest valued exploration stocks around and no value for
$millions in equipment,Gold,etc etc etc etc.


Short Term Traders not welcome in this current market,so arguably buy to hold
or do not bother.

[wallywoo] 04/4/2018 09:47

So OMI have completed their 6314 m of drilling at APTA and have moved on to the new site.

It is interesting to note that the planned drilling campaign was for up to 15K m of drilling. IMO all of this work is not about defining a JORC gold number, but establishing enough good results to get a partner on board. One with deep pockets we hope.

With that in mind I think share price movements will be muted until that is established. And then it will be massive. Not sure how others are feeling but I think there is a large gold company or 2 working in the background here. Looking for enough evidence to ensure Anza is a good investment.

Meanwhile the whole of OMI has a mkt cap less than the drilling investment in Colombia

[richgit] 04/4/2018 09:10

S0lis

For Myself,a nail biting circa 14 days yet, until I get my next main funds to buy more vaulted Silver- so hoping it remains below 17.5 or I may start vascillating over timing my Purchase - albeit it hardly matters on a multi- year view considering how ludicrously undervalued it currently is .

I have made all my Capital allocations to Gold & Silver stocks,(no margin )so the next few years will be decisions of winners and laggards for some portfolio consolidations.

Certainly overloaded with OMI so it remains to be seen if this virtual Micro-Cap
valued stock can produce the excitement for a huge re-rating over time.

Colombia is certainly the place to be at the moment-so can OMI deliver something
valued at multiples of arguably - zero.

I certainly remember the days of "Gold anything"and selling Brancote stock at a higher price than the final bid,so much can happen beyond a period -
when virtually nobody is interested

IMHO

[s0lis] 03/4/2018 15:23

Let's hope he is right

[s0lis] 28/3/2018 09:35

richgit

Can I throw a question I have been thinking about since Trump started shouting at China. There may be a standoff between them on different tariffs to be applied, but the US weakest spot is where I expect China to hit (ably helped by the Russians with what is also going on) and that is the overblown dollar.

This should dramatically help gold. In your exalted circles have you heard of this being done or talked about ?

[richgit] 27/3/2018 09:30

The most worrying sitution is that the Banks (once again)do not seem to trust each other,but then little surprise as we now hear that some Banks have possibly (probably) massaged their true derivatives exposure/risk.( No surprise there )

In 2013 I suggested Deutsche was on the rocks,(which is now well known)and whilst we assume that will have to be quietly dealt with-mistrust will remain- until no doubt Draghi goes full panic Euro Printing.

Not easy to sweep Deutsche under the Carpet but then what about the others that
may be telling porkies about their Financials/derivatives exposure/True risks- Italy.Spain.Portugal etc etc etc.

We have to wonder how on earth the German Government allowed Deutsche to risk bringing - not just them -but the whole of Euroland - down !!!

If we get a situation of worsening distrust between the Banks then all fake economic news will be meaningless.

IMHO

[richgit] 24/3/2018 15:06

Interest in Colombia Gold is certainly hotting up.

In that respect OMI is in the right place at the right time.

Many larger Gold producers will simply have to (at some point)bid for new resources
so when the Gold Price eventually confirms its restart to a multi year rise,then
more investors in some of those large producers,are going to scream "don`t risk dallying and negotiating - just ask what amount needs entering on the cheque before someone else starts outbidding"

I can only imagine what- even half a Brancote -will be worth in that scenario.

Can OMI do it - !!?

So far nobody can say No- so the dream is alive ,just awaiting those that like a piece of such awesome "potential" of real Money-Real assets.

[richgit] 23/3/2018 11:54

BREAKTWISTER

I have no opinions about Cryptos,yet We know the BIG Money will always protect itself.

No doubt anyone that puts say $1Million upwards into Bitcoin(etc)will take $1 Million back out on a double for a free run to whatever !?.

I certainly doubt any of the so called Bitcoin promoters are prepared to risk
their $Millions even when they (mislead ?)tell other punters about their $1Million Bitcoin targets.

Thus- on each cycle upwards a lot of Crypto money heads somewhere else and you would have to doubt it heads from Cryptos to the horrendously overvalued $Multi-Billion Dollar Market Cap-NO PROFIT on the horizons - stocks.

I have never seen sentiment this bad towards Gold related stocks,as the last 6 months so there could be a dramatic change to the upside.

Maybe when the Cartel are no longer so confident they can short the Gold Majors
with impunity (Fraud)that has kept sentiment at its worst ever.

[breaktwister] 22/3/2018 23:29

The problem that we face now as PM investors is that money that historically would have flowed into PMs in times of uncertainty now flows into crypto. Some of these crypto projects are valued at billions and they are in reality worthless. When all other markets crash, including crypto, maybe then we see a revaluing of PMs.

[richgit] 21/3/2018 10:58

Meanwhile,

Maybe - someone is selling OMI in early booking of CGT losses against CGT gains,or maybe just herd mentality in the belief that Paper Gold can rule forever.

Somewhat ironic that sentiment from Investors in the West towards Gold & Gold stocks is now far worse than it was at Gold $1080 but then that is how endless manipulaton and propaganda succeeds in wearing Investors down.


We have War- The deep state War versus Trump,Trade Wars,Currency Wars or even Real War.

We have flation- Shrinkflation.Deflation,Inflation.Stagflation so which will rear their ugly head for headline truth.

And mountains of unpayable Government,Corporate,and private debt stacking up by the
Minute.

What will happen when all those $Billions stop flooding into US stocks "buy backs"

I daresay at some point the Cos that have amassed huge debts to buy back their stocks will be punished by Investors.

"Buy the $Dollar and sell Gold" as rate increases loom has been a predictable strategy but then when will the realisation of debt costing more sink in.


Crossing fingers it looks like my next Big buy of vaulted Silver around 18th April
may come at the bargain of all bargains below 17.5,but then it will likely sit
there until all this mess has finalised in the dreaded new beginning.

Whatever that will be- and certainly whatever the $Dollar iou will be worth,against Gold and Silver.

[2sporrans] 16/3/2018 16:40

Looks like a tree shake to me BigT ;0)

[bigtbigt] 16/3/2018 00:19

Its all a scripted sideshow in the global game of chess.
Don't try to divine the truth. Either blindly swallow the propaganda hook line and sinker, or accept that you will never know what is or is not the truth

Same goes for stories around gold, and especially the BS issued by OMI :-)

But one thing is a certain fact - the OMI chart looks horrible, whether it be over the last few days, weeks, months, or years. But of course, it could all change tomorrow so surely its a good investment ....LOL

[augustusgloop] 15/3/2018 01:18

"Why on Earth would Russia try to kill the Skripals with a nerve gas that can only
be traced back to "them" !!?"

----

Because it sends a message!

Somebody used nerve gas -- joe blogs the assassin can't get hold of this stuff - only a state.

Why would any state other than Russia want to kill him?

Everybody has seen the headlines - so Putin's enemies know that they are not safe anywhere. Job done!

[richgit] 14/3/2018 15:35

Rant of the Day..

I`ve voted Conservative all my life-but now they are embarassing me,with idiot
Boris Johnson,and useless Teresa May using the same endless nonsense
put out by the US neocons-Fake Flags and False Flags galore.


Why on Earth would Russia try to kill the Skripals with a nerve gas that can only
be traced back to "them" !!?

I somewhat doubt their Hit Men are so cluelessly unware of Guns with silencers,Fatal car accidents,unexplained suicides,death by violent mugging, like the enemies of Hillary Clinton,or indeed the probable UK `s Murder of Weapons expert David Kelly.

Obviously we are led to believe that Russian Hit Men are incapable of knowing how to kill without leaving a calling Card (lol).

No doubt Assad is about to Gas Citizens,as a timely event for the US & Israel to restart another War,with Teresa May giving her supportive blessings for more innocent Citizens to be murdered.

If She screws up Brexit - then I will never bother voting again.



No wonder there is a massive clamp down on all alternative media "Truth"

[richgit] 13/3/2018 16:12

London calling...

Hungary wants its Gold back.

It`s only 3 tonnes -but when you don`t have it-it adds to the problems.

Eddie George will be glad He is no longer the one staring down that 12 Bore.

More Gold for the BIS to have to plunder from somewhere !?

[richgit] 07/3/2018 15:11

The Deep State must have loved Nixon,but of course they don`t care a damn about
Joe Bloggs and Joe`s burgeoning bill for it all !!!!



Maybe more people will understand the truth about about endless body bags for "$petrodollars" for without that the US$Dollar is backed by nothing but unpayable debt and no signs that will ever end.



By 2020 ‘New Normal’ Trillion Dollar Deficits May Pay One Single Thing: Interest Payments On The Debt
March 5, 2018 5 579

“in 1970, the sum of all debt publicly financed by the US government was $275 billion. Last week…$258 billion…in just one week!”

by David Haggith via The Great Recession Blog

How inflated with debt have we become? How long can we float on our own bloat? Reasonably trim in 1970, the sum of all debt publicly financed by the US government was $275 billion. Last week, the government sought to raise $258 billion in just one week! The weekly financing to keep the government afloat is now about equal to all the debt it amassed over the course of its first 188 years.
We are Fed up on debt

What went wrong? Well, the very next year, President Richard Milhous Nixon took us the rest of the way off the gold standard, allowing the nation’s central bank to create money at will, cutting the tether that had long restrained the Federal Reserve from going insane with using its powers to enrich its member banks. Since the central bank’s customary way of creating new money in the economy is through the issuance of debt by its member banks, we have seen a huge expansion of debt. Whenever the economy is lagging, the Federal Reserve suppresses the market rate of interest to entice people who don’t want additional debt to take more on so they can juice the economy with more spending.

Some people might try to argue that the much lower debt in 1970 is just a matter of inflation. They’d be partway right and all the way missing the point. In today’s dollars, the debt back then would have been $1.2 trillion — still only one twentieth what it is today. But the point they’d be missing is that the inflation they are using to make 1970’s $275 billion debt sound a lot bigger is nearly all due to Nixon removing the central bank’s tether to gold. So, it is a circular path out of the equation.

While the value of the dollar got ground to dust under Richard Milstone Nixon, total debt (now at $67 trillion of public and private debt), even adjusted for inflation, has risen from 150% of GDP to 350%! Over that same time, the Fed’s balance sheet (money in the economy) has grown at about five times the rate of inflation. (General prices have not inflated nearly as much as the supply of money inflated because most of the money circulated in stocks and bonds, creating inflation in those markets. Money only inflated prices where money flows.) Back in 1970, the Fed’s balance sheet stood at $55 billioncompared to today’s $4+ trillion.

You don’t have to take my word for these figures. Take it from the Fed. Here’s total public and private debt in the US over GDP:

Think maybe we’ve gotten ahead of ourselves in debt? This increasing rate-of-rise in debt was made possible only by lowering rates of interest and loosening terms of credit. Now the Fed wants to tighten up on that, but there is no way to crush back down on the blue line without compressing the desirable orange line even lower.

Due to the Law of Diminishing Returns, the Fed’s path (and government’s) of increasing GDP by creating money out of debt is now requiring greater amounts of debt to maintain essentially the same rate of growth in total production. You cannot remove the lift created from ever-cheaper credit and not see the orange line fall off when it is that cheap credit that helped it rise.

Of course, the government has decided to come to the rescue by replacing the Fed’s creation of money with its own freeing-up of money that was already there but was taxed away from people; but it’s going to do this through the creation of more debt, too. It thinks. But, with the Fed not buying, who is going to? People who are already over-extended? Investment banks who are no longer getting free money from the Fed intended for buying bonds? People form other countries that are also planning to back off on money creation?
Fiscal conservativism died from morbid obesity!

We have now hit a new norm of $1 trillion annual government deficits in the US (and that only includes on-budget items, which usually don’t include war expenditures, Social Security, etc.). The Republicans, who pretended to be deficit hawks throughout the Obama era just to keep Obama from getting credit for anything, were slavering to stuff us all fatter on much higher debt as soon as they received full control of the kitchen.

While we had seen occasional trillion-dollar deficits during the so-called recovery period, they had not yet become the norm. Republicans made those high deficits the norm almost overnight: Starting from their 2017 apocalyptic deficit of $666 billion, Republicans approved a continuing resolution that added $200 billion (which is 20% of the new normal trillion-dollar deficit in just one new step). They took that leap without a hint that they will ever back that out of the budget in future years. From there, they created tax cuts that will add, at minimum, another $200 billion during each of the next ten years. Ta da, $1 trillion annual deficits for years to come! On top of that, our Republican congress and president are now grinding out a plan for additional fiscal stimulus spending and disaster relief.

I always believed Republican rectitude would end as soon as they controlled all parts of government, and clearly that has proven true. (It’s easy to sound like you have fiscal rectitude when all you are doing is complaining about what the other team is doing because you don’t have the power to enact your own wishes anyway. It’s quite another thing to restrain yourself from making all your own wishes come true when all the power is in your hands to make them come true.)
How the monster we fed will now swallow us

We are now ramping up government debt by orders of magnitude at the same time when interest on our mountains of debt will easily rise to 4% in about two years. I come by that number partly from the present rate of interest rise but mostly from the fact that the Fed is moving out of controlling the cost of debt, and will be doing so at a faster rate in the months ahead. (That is, if it stays with the program it has promised; and if it doesn’t, we simply have QE forever.) Mostly I come to it because 4% is the low side of what interest on the debt has historically been when the Fed wasn’t sopping up all government bonds, bills, and notes.

Interest rates have clearly started moving in that direction, tickling the toes of 3% almost every week. So, anticipating one more percent within two years is a conservative estimate since the cost of debt is far from priced in, having been artificially regulated down by the Fed for nearly a decade. The movement in 10-year and 30-year yields last month was thebeginning of pricing in the Fed’s flight from financing the government, not the end. (I actually think it will rise a lot faster than that. I would not be the least surprised to see the 10-year yield hit 4% this year, but I’m being conservative in my predictions for where it is headed.)

Getting back to the low side of normal for interest on the national debt will increase the cost of maintaining that debt by a minimum of 50% over two years, and whatever happens to government interest rates always impacts consumer rates to an even higher degree. So, existing credit cards with variable interest, mortgages with variable interest will easily double in cost on levels of debt that many already find hard to manage. At the same time, new credit cards and mortgages will become so expensive that consumption will slow, not grow; housing will fall, not stall.

(Peak debt also includes corporate debt, but that could be alleviated by the government corporate tax cuts if those cuts are put toward paying off corporate debt. Peak debt also includes margin debt and other forms of debt within the stock market in addition to individual consumer debt and all of that government debt. I refer to all of those as “peak debt” because they are all at record high levels where any change in interest will have enormous impacts. Because interest on all of that debt is minuscule by historic standards, it is easy to double it. Small numbers double more easily than large ones.)

A rise to the low side of normal for government bond interest will likely put interest payments alone on the national debt at a $1 trillion a year by the end of this decade (because the debt will also rise by another $3-4 trillion by then with all new debt being financed at the higher rates and all rolled-over debt being financed at those rates, and most of the US debt is short term, so will roll over soon).

The time (end of 2020), then, is not far off when the entire newly normal trillion-dollar deficit will be consumed just to pay interest on the debt. Whether inflation drives interest up or the Federal Reserve’s unwind or the Republican’s new normal of trillion-dollar annual deficits or the president’s proposed fiscal stimulus plan, the concern that is shaking markets is ALL about lethal levels of interest coming to our already monumental mountains of debt.

Of course, the overarching truth here is that we may not even get there because the economy will start to collapse well before then.

So, that is why I call our present state “peak debt.” The snowball is speeding up and building in size so quickly now that there is no political possibility of stopping it before it crushes us. In the past two months alone, we’ve seen the rate of increase in debt and the weight of interest on the debt grow simultaneously at new-normal speeds never before seen. It’s not going to stop because Congress isn’t going to reverse its drop-taxes-and-add-spending plan, and the Fed is not going to stop getting out of government bonds — not, at least, until it is too late — because both entities believe they can do what they are doing. It is religious dogma with them.

The path of floating the economy upward with ever growing debt expenditures was always unsustainable economically because you cannot increase the rate at which you are piling on debt forever. That unsustainability has been the enduring theme of this blog. When I began the blog, it was remotely possible we could change course and avoid collapse. Now, with the sudden rise in long-term interest rates, breaking free as the Fed stops suppressing then, we are entering the final days when all of that debt will consume us.

[richgit] 06/3/2018 15:11

I consider all things as gold related for the future,so to put the Oil question
to bed ,which also points out that the US economy is in tatters,now and for years ahead,so adding to that with all the Anti China & Russia talk-
who exactly will be the Customers for the barter trading Euroland if Trade wars
escalate. ??

This doesn`t even consider the question of "possibly" how long US Oil cos can pour
money/debt into shale Oil to potentially lose Money on every Barrel.



"The claim that the United States is an exporter of crude oil is true. But that claim is entirely misleading. While the United States exports about 1.5 million barrels a day (mbpd) of crude oil, it also imports 7.5 mbpd. That puts the net imports of crude oil at about 6 mbpd

This curious state of affairs in American crude oil imports and exports results from not having enough refining capacity for the kind of oil coming out of the country's shale oil deposits, more properly called tight oil. That oil is too "light" for many American refineries. Therefore, much of it is shipped abroad to refineries with the capability to refine it.
The United States tends to import heavier crudes that match its overall refinery capabilities,though rising production of oil and natural gas has reduced dependence on foreign energy supplies, the country remains dependent on imported oil, a situation that even the ever optimistic EIA does not expect to change through 2050".

[bluelynx] 06/3/2018 12:13

Fangorn, Well said LOL.

[augustusgloop] 06/3/2018 10:50

All you need to know here is that in the 6 years up to the last set of accounts

OMI's business model was to pay people $53.8 million
to dig up and dispose of 305,352 ounces of your gold.

And its not got any better since then.

[2sporrans] 06/3/2018 09:54

Had to scroll back to 21Feb to find a post worth reading here [abc125].
That just confirmed my take that the POG threshold for investment attraction has risen in line with the AISC the past year and more.

A few good drill grades from Anza hasn't helped much as no free cashflow from Uruguay to fund large scale expl./JORC, let alone development thereof.

[bluelynx] 05/3/2018 23:04

May be I was incorrect with saying 'girls' point taken.

Personally I wouldn't boast about abusing women even in locker room talk. But I agree the likes Weinstein and Cox are low lifes Also, I'm no blind supporter of the Left/Democrat.

believe it or not I can't stand the Clinton's, by comparison Trump appears quite good! Guess the saying power corrupts and absolute power corrupts absolutely, is true, regardless political standings.