Orosur Mining Share Discussion Threads

[tidy 2] 15/10/2018 11:00

Anza has 500k oz gold in the 10 percent drilled so far. That plus newmonts DSG tech has driven them to save OMI funding through to production

[wallywoo] 15/10/2018 10:57

bionic, your post is both complete rubbish and misleading. We all know OMI have cashflow difficulties, which is the reason they put Uruguay into voluntary liquidation. But you are not seeing the complexities here:

1) All this was already known before Newmont invested, as I have already stated they could easily left OMI to go bust then bgt off administrators. The fact they they did not means that a plan for Uruguay is already known and in due diligence.

2) Newmont want local partners not to wholly own Colombia assets, to manage their risks and exposure

3) OMI have $100M of hidden real assets in Uruguay.

This mornings tree shake was to trick out any weak holders. Wait for the real news and don't hold this on margin, or stop loss, IMO

[tidy 2] 15/10/2018 10:53

Minimum us 30m Newmont will spend on Anza plus us 4m more to OMI on top of the 2m already paid.

[tidy 2] 15/10/2018 10:52

This all about Newmont and them funding Anza and OMI through to production. Uruguay is old news forget it, although gold is flying now.

[bionictwatt] 15/10/2018 10:15

but they do not have money for anything else doh.

Maybe newmont has lost their money now or they could pick this dog for £1 off the administrators

[thedustyone] 15/10/2018 10:13

I didn't think that I would get the opportunity to top up sub 8p again until this morning.
It certainly looks like they have thrown out the kitchen sink with the results in terms of numbers. The Uruguay situation was always known and OMI has been all about Anza/Newmont since the summer.
Next bit of news should be the COO and I would expect Newmont to have a say in this regard.

Interesting times.

Dusty

[bionictwatt] 15/10/2018 10:08

hahahah

running out of money big time. a few peanuts from newmont will not stop the haemorrhaging


Looks like funding calls or going insolvent every soon

[tidy 2] 15/10/2018 09:10

Newmont are in for minimum $30m operations through to production. Uruguay is old news. Plus OMI is being paid by Newmont to keep them afloat. Forget Uruguay imo OMi is all about Anza and its involvment with Newmont.

[anthony16731] 15/10/2018 08:35

Added on the dip. Everything in the release today was already known.

[babbler] 15/10/2018 08:32

Every share says going concern... Gl

[tidy 2] 15/10/2018 08:32

Newmont will spend minimum USD 30m to prove up Anza and also put USD 4m in OMI coffers. Uruguay is old news that damage was done. OMI is all about the Newmont deal funding OMI through to production and the impact of Newmonts interest in OMI's Anza project.

[tidy 2] 15/10/2018 08:12

Newmont will spend minimum USD 30m to prove up Anza and also put USD 4m in OMI coffers.

[babbler] 15/10/2018 08:10

Because like everything in life... It's not guaranteed.

[jon1962] 15/10/2018 08:05

Thought Newmont was going to supply all funding so why possible doubts as to having enough cash in the future to continue operations?

[siday2580] 15/10/2018 08:03

Buy buy buyb

[tidy 2] 15/10/2018 08:02

This is all about Anza and Newmont taking it to production. Forget Uruguay that damage was already dealt with.

[pete160] 15/10/2018 07:39

Isn't that a fairly standard forward looking disclaimer?
I was more taken that they seem to be reporting results dated 2019 - now that is forward looking!

[come on] 15/10/2018 07:32

Not good at all

[temmujin] 15/10/2018 07:15

might fall abit on this:

The Companys continuance as a going concern is dependent upon its ability to obtain adequate financing and to reach profitable levels of operations. These material uncertainties may cast significant doubt upon the Companys ability to realize its assets and discharge its liabilities in the normal course of business and accordingly the appropriateness of the use of accounting principles applicable to a going concern. Although the Company has been successful in the past in obtaining financing there is no assurance that it will be able to obtain adequate financing in future or that such financing will be on terms advantageous to the Company

[winston270] 14/10/2018 16:45

There should be a Q1 Trading Update due this week...