ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

OMI Orosur Mining Inc

3.75
0.45 (13.64%)
Last Updated: 09:02:34
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Orosur Mining Inc LSE:OMI London Ordinary Share CA6871961059 COM SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.45 13.64% 3.75 3.60 3.90 3.80 3.30 3.30 2,118,406 09:02:34
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 189k -1.79M -0.0087 -6.90 12.33M
Orosur Mining Inc is listed in the Gold Ores sector of the London Stock Exchange with ticker OMI. The last closing price for Orosur Mining was 3.30p. Over the last year, Orosur Mining shares have traded in a share price range of 1.95p to 8.50p.

Orosur Mining currently has 205,509,452 shares in issue. The market capitalisation of Orosur Mining is £12.33 million. Orosur Mining has a price to earnings ratio (PE ratio) of -6.90.

Orosur Mining Share Discussion Threads

Showing 16376 to 16398 of 23600 messages
Chat Pages: Latest  656  655  654  653  652  651  650  649  648  647  646  645  Older
DateSubjectAuthorDiscuss
02/5/2018
15:52
I for one visit this bb to read about Orosur Mining ~ ~
rhuvaal2
02/5/2018
14:47
It`s Maths....

The Brits are fairly poor at Maths,but Americans are far worse.

Ask them how an economy of $19trillion turnover that makes a burgeoning $2Trillion
loss with debts and unfunded liabilities surging to $120 trillion or more can possibly recover and they would no doubt answer---- "print more money".

Ironically that is the answer I get from many friends that struggle to work out
20% of any amount.

That`s why it is all going to be such a shock to so many,that think Debt can be
added to infinity.


Amusingly.............



One of the most vivid arithmetic failings displayed by Americans occurred in the early 1980s, when the A&W restaurant chain released a new hamburger to rival the McDonald’s Quarter Pounder. With a third-pound of beef, the A&W burger had more meat than the Quarter Pounder; in taste tests, customers preferred A&W’s burger. And it was less expensive. A lavish A&W television and radio marketing campaign cited these benefits. Yet instead of leaping at the great value, customers snubbed it.

Only when the company held customer focus groups did it become clear why. The Third Pounder presented the American public with a test in fractions. And we failed. Misunderstanding the value of one-third, customers believed they were being overcharged. Why, they asked the researchers, should they pay the same amount for a third of a pound of meat as they did for a quarter-pound of meat at McDonald’s. The “4” in “¼,R21; larger than the “3” in “⅓,̶1; led them astray.

richgit
30/4/2018
12:37
They are all guns firing to smash "Paper-Gold" to end April.

Are they trying to black out news of the Israeli strike on Syria by thumping Gold and
headlining Apple`s squandering of $Billions on Buy Backs and Shareholder divis.?

Who knows what is true in our Faked Economies !?

richgit
27/4/2018
10:51
2sporrans, not so high risk when you realise this has a mkt cap of $6M. The area of Colombia where OMI have their licence is one of the hottest under explored gold mining areas in the world. - and OMI have licence for over 200KM squared (a large areas compared to others - who have a $50M mkt cap+ and a smaller area).

They have tightened their belts to afford this drilling. I believe Uruguay is not uneconomical as you suggest (just looks that way when you include Anza drilling into AISC). This could look very different in a month to 2. Lets wait and see.

wallywoo
27/4/2018
10:35
"If then the development and costs of Anza are picked up elsewhere, AISC will drop massively and this will rerate. "

Quite some "If" Wallywoo.
But a fair conjecture to make, should this come to pass.
The survival prospects for the core Uruguayan operations would be considerably extended with Anza offering a long term carrot.

Yet, even so, the medium-long term prospects hardly look enticing.
A much reduced, small operation in Uruguay, with a meagre pipeline of low grade or at best medium grade but high cost, underground resource to keep the outfit going, until EITHER Anza can generate revenue or stake be sold, OR the POG soars to a much higher level than currently [Hardly a dependable prospect] .

Consider the latest operational cost guidance: $900-$1,000/oz.

What would an AISC be, just for Uruguay, for their 27-30k-pa targeted production?

When they were producing 50-70k-pa It looked like $250/oz on top of operational costs - at very best - for the AISC.
With production at half that how much more to add on the the Op. costs to cover the largely fixed 'overheads' + replacement explo./dev.?
$300 looks too low, even with the new 'economies'; $350 conceivably.

So take a mid point Op. cost of $950/oz add £350 and bingo $1,300/oz AISC, best case, to keep Uruguay running - assuming no further deterioration in grades [they are currently high-grading their reduced production] plus a partner paying for the Anza exploration/development.

High risk indeed with a very long shoot for the rainbow.

2sporrans
26/4/2018
20:30
Interesting, I see that Evil Knievil owns 3% of orosur
svenice7
19/4/2018
13:33
rhuvaal: I don't think it is geologists that are needed now, but a partner for Anza. I think the potential of APTA has been established (maybe not quite enough to establish JORC but enough to convince a partner).

However, if you are looking at investing up to £100M in Anza you want to make sure that there is more than 1 gold area to exploit. I think the success or not of the 5 holes being drilled in Charrascala, will decide how quickly OMI attract a partner. In deed, I think it is this potential partner that has asked for it.

If then the development and costs of Anza are picked up elsewhere, AISC will drop massively and this will rerate. Certainly not one for widows and orphans but plenty of upside potential too.

wallywoo
19/4/2018
10:45
augustusgloop ~ you must be exceedingly pleased with yourself at the near demise of Orosur, but you may not have the last laugh.... Are there any geologists around who could expand on the recent drilling results? would be interesting to know what might be involved there.
rhuvaal2
18/4/2018
12:16
FANGORN 2


OMI have plenty of Gold,but yes like so many producers not enough easy picking
higher grade for the excrutiatingly wrong Gold price,so Management have to keep the lights on until the right Gold price.

At some point investors will (and some already do)clamour to justifiably finance
Gold exploration (etc) where the rewards "could" be ,many multiples.

On that note-so far-they have a very nice land package in Colombia which is
currently the place to be .I suggest others check out the big boys eager to get involved there.


I have recently invested in First Mining Gold corp,Garibaldi,and Maple Gold Mines
all favoured by those that are willing to finance exploration for potential awesome
returns.

Why should OMI be any different when sensibility returns ?



IMHO

richgit
18/4/2018
10:12
In case anyone interested - comments from Graham Neary Stockopedia side.

Graham Neary – SCVP
Share price: 5.625p (-12%)
No. of shares: 117.6 million
Market cap: £7 million

Q3 2018 Results
Apologies for going off-topic with this South American gold miner (we don't usually cover resources here).
Production is down and cash operating costs are up ($1065/oz). The company performed to expectations for several years but is now enduring a period of bad luck.
It is taking some drastic measures to preserve cash:

During the Quarter, and in large part due to the performance of the SG UG [San Gregorio Underground Mine], the Company commenced the implementation of a strategic initiative to reduce costs in Uruguay and corporate structure aimed at improving profitability and preserving cash. As part of this initiative, during Q3 18, greenfield exploration was suspended and non-essential corporate and support costs have been drastically reduced, with Directors and officers agreeing to reduce their fees and salaries by 20%.

I've followed this company on and off for several years and have always been impressed by management's execution at the mine. For many years, they hit their production targets and kept costs under control.
More recently, things have not been going so well. Staff have been let go. Directors have shared in the pain by taking salary cuts.

This stock serves as a reminder for me of the difficulty of investing in the mining sector. Even when you have a mine generating substantial quantities of gold and the directors/Chief Exec are skilled, it's still hard to make money in the long-term.

Investing cash flow has always been a significant expense at Orosur. Over the last nine months, it has spent an additional $12.55 million, compared to $10.3 million during the previous 12 months. Compare this to the current market cap and you get a sense of how material it is.
The company is in net debt and that is despite selling nearly $3 million of new shares in a private placement last year.

One area I'm working on is my ability to appraise management, and sticking with managers who (more or less) do what they say they are going to do, while avoiding those who don't.
I owned shares in Orosur back in 2013/2014, when a dividend was promised from the free cash flow which the company was going to generate in the years ahead. The dividend never materialised, as the company preferred to make various investments instead, and I bailed out of the shares, potentially dodging a bullet. So far, shareholders have had to put more money into the company, instead of getting a payout.

I don't see how this share can end well for investors, unless the price of gold can come to its rescue. In my opinion, the StockRanks correctly identify it as a Value Trap.

fangorn2
17/4/2018
10:20
chart watchers , history to repeat MAY assay report on drill results, will hold stock, should then clime
back up. BB

black bird
17/4/2018
08:44
"Let's hope the decline is enough to curb Richgits extremely boring posts eh?"

+1000

bigtbigt
16/4/2018
11:53
120 staff gone past 6 months.
Development pared back to bone; open pits explo./dev. pretty much abandoned.
27k-oz-pa to cover fixed costs that 35k-oz failed to 6 months back [check the AISCs: all well above POG 200day ma the past 3 qtrs.]

"Directors and officers agreeing to reduce their fees and salaries by 20%."
If this doesn't register that this is a crisis, what will?

Why would a big miner team up with OMI when they could buy out Anza for peanuts a few months from now?
If there was a JORC or close, maybe I could entertain the theory seriously.

2sporrans
16/4/2018
11:33
Wally,

"Augustus, as at the end of Q3 there was no debt."

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

Total debt US$ '000 1,726

augustusgloop
16/4/2018
10:31
Saw this pop up on my watchlists again today. What a tale of woe.

Let's hope the decline is enough to curb Richgits extremely boring posts eh?

beeks of arabia
16/4/2018
08:00
Augustus, as at the end of Q3 there was no debt. Because of the increased investment in Colombia (well over $1M a qtr) they will run into debt now.

However, they are investing here because it has massive potential. Not because it is part of their cost of sale.

Colombia cost them $10M, and they have invested at least $8M. Sure they are a small company with limited cashflow, BUT I believe they have an asset that interest the big boys. They own 100% (with no timescale issues) and a large land bank (over 200 squared KM). This all puts them in a strong position to attract a partner

wallywoo
16/4/2018
07:37
Wally - read the report - the financial bit.

Lost nearly $2m in Q3.

Only got $1.4m of cash left.
And they do have debt.

They are exploring because the profitable gold from their old pits has been mined and sold --- at a loss.

augustusgloop
16/4/2018
07:16
lol, of course they are Augustus. Tell me how many companies have gone bust in your knowledge with over £1m in the bank and no debt? And of course generating over $6M in cash over the last 9 months.

It is just that all the cash and more has been invested in Columbia, (with very good results). If this was a exploration only company people would be excited. Since it is a production and exploration company, you are saying the costs are too high and they will go bust, crazy.

wallywoo
16/4/2018
06:17
Quarterly update summary --- basically they are about to go bust.
augustusgloop
04/4/2018
11:35
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.

richgit
04/4/2018
08:47
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

wallywoo
04/4/2018
08:10
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

richgit
03/4/2018
14:23
Let's hope he is right
s0lis
Chat Pages: Latest  656  655  654  653  652  651  650  649  648  647  646  645  Older

Your Recent History

Delayed Upgrade Clock