Orosur Mining Share Discussion Threads

[s0lis] 10/9/2018 19:41

Norfolk, that was "GBP 0.054" POUNDS not PENCE, hence multiply by 100 = 5.4 pence

[norfolk enchance] 10/9/2018 19:00

Newmont have purchased 29,213,186 @ 0.054p not 5.4p.

[bernymadoff] 10/9/2018 18:40

looking at the trades in the last hour it's hard to avoid the conclusion that the MMs have dropped the share price on nothing to hoover up some cheap shares. They dropped the bid on very few sells and piddly ones at that. Unless there's some late reported sells to show up I think this will open up tomorrow and go on another run. We smashed the 50DMA today and almost tagged the 200DMA. The RSI is still not oversold and the both the Stoch and Macd crossed over so from a technical point of view there's plenty of legs left in this.

From a fundamentals perspective we should be a lot higher considering the investment that Newmont have agreed. Remember this is an actual deal not a MOU or heads of terms. I've seen stocks with nothing but an MOU or LOI do more than 150% on something that may or may not happen. This is a company maker and OMI can only get bigger and stronger after this. Newmont have invested at 5.4p which for them would represent a substantial discount to the price they hope their involvement will realise in the months and years to come.

[pebsi] 10/9/2018 18:25

30 percent up to 10 percent down. Loving aim

[pebsi] 10/9/2018 18:11

I’m with hl and got shafted with this one today. Trying to sell and just watching it drift down. Bit peed off really

[temmujin] 10/9/2018 17:29

Finance > M-a 10 September 2018 CommentsShare
Jacqueline Holman

Jacqueline Holman
Through placement, Newmont bought 29.2 million commons shares at a price of C9.1c (US6.9c) each, with the total US$2 million including an initial advance of $250,000 announced in June.

At the time, Orosur had not named Newmont, only describing the investor that had acquired a 2.97% stake in the company for $250,000 as a "sophisticated international mining company".

The two companies have also signed an exploration agreement with venture option for the Anzá project in Antioquia, Colombia.

The three-phase earn-in agreement will allow Newmont to earn up to 75% interest in the project by spending at least $30 million over 12 years, completing a feasibility study and making cash payments to Orosur of $4 million over the first two phases.

The first phase allows Newmont to earn a 51% interest by spending $10 million over four years and paying Orosur $2 million.


In the second four-year phase, it will earn another 14% interest in Anzá by funding $20 million, completing a compliant pre-feasibility study and paying Orosur $2 million.

Newmont can elect to earn an additional 10% ownership during the third and final four year period by finishing a feasibility study.

If, after the 12 years, Orosur elects for Newmont to solely fund all expenditure until commercial production starts, Newmont's ownership will increase to 80%.

Then, once Anzá starts production, Orosur will begin contributing funds for adopted programs and budgets in proportion to its ownership interest or face penalties.

Orosur had a disappointing first half of 2018, with its production and finances down and it having to place its San Gregorio mine in Uruguay on care and maintenance and the operating subsidiary into voluntary creditor protection.

Orosur CEO Ignacio Salazar said the company was pleased to be partnering with Newmont, which was known for its "exploration track record, proprietary technology, financial strength, and its focus on leading in safety, social and environmental responsibility".

He said the placement and earn-in agreement strengthened Orosur's cash position and providing a well-structured deal to advance the Anzá project.

Neither companies had opened for trading Monday morning on their main listings, although on AIM, Orosur shares were up a whopping 212.9% to 5.63p (US7.3c).

[temmujin] 10/9/2018 17:17

Newmont must know something is big in them hills or they wouldnt have bothered investing in a tiddler like OMI...COLLOSSAL bargain below 5p imho

[temmujin] 10/9/2018 16:36

whats the betting a large delayed buy got filled

[costax1654x] 10/9/2018 16:32

Tomorrow probably 3 pence to buy

[recordz] 10/9/2018 16:29

SOLG 440m cap.
GGP 37m cap.
OMI 6m+ cap.

One of the biggest Gold producers in the world has bought in.

Should be a fair bit higher than it is.

[tomboyb] 10/9/2018 16:26

4.3 Bottom - -

[temmujin] 10/9/2018 16:16

i added massively at 4.7p..mms trying it on

[sapper2476] 10/9/2018 16:15

Yep. Suckered a few in there.

[costax1654x] 10/9/2018 16:06

Under 4 by end of day?

[billthebank] 10/9/2018 15:48

So am I right are we now valued at £7.5M!!!! I must have this wrong.So pleased for the long termers though

[wallywoo] 10/9/2018 15:39

They Need to figure out a way to keep Uruguay mine open and producing. The capital investment there alone is worth $100M. That's the next step up IMO

[temmujin] 10/9/2018 15:28

this could easily go to 20p...market cap so low its crazy

[wallywoo] 10/9/2018 15:18

Interesting times here. Won't be boring for the foreseeable future that's for sure. Hate to blow my own trumpet, BUT Newmont was predicted by me over a year ago:

wallywoo - 10 Aug 2017 - 13:24:42 - 15976 of 16480 Orosur Mining Inc. - ISA eligible gold miner - OMI
Can't be long before the full year results. Maybe some good news coming along with it. I know this maybe "pie in the sky", but I for one can't help but wonder if Newmont Mining would be interested in buying in a stake at Anza (Columbia). They have bgt into Continental Golds site down the road. Now what would OMI be worth if they bgt a stake in return for a large cash investment!

[letmepass] 10/9/2018 15:09

If only Dave could read and understand

[dave4545] 10/9/2018 15:08

If you look in the share dictionary under the meaning of "mega spiked" you get the word "letmepass"

He has to be the ultimate sell signal if he turns up ramping anything on advfn

[jailbird_] 10/9/2018 15:04

Careful of getting mega spiked

[s0lis] 10/9/2018 13:16

Wait for the interest from the TSX !! They understand Newmont much more than we do.

[tomboyb] 10/9/2018 12:25

Clearly quite a bit of interest here -

7p could be on the cards again -

[letmepass] 10/9/2018 12:23

Intraday high coming