We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.15 | 3.13% | 4.95 | 4.80 | 5.10 | 4.95 | 4.80 | 4.80 | 135,577 | 08:26:55 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 189k | -1.79M | -0.0087 | -8.05 | 14.39M |
Date | Subject | Author | Discuss |
---|---|---|---|
05/11/2018 13:18 | FY19 OutlookAs a consequence of the weaker mineralization encountered at the San Gregorio UG mine in Uruguay and the consequently difficult financial situation of the Company, the Board adopted an aggressive strategic plan which is being implemented, with the main objective to restructure its businesses, recapitalize and transform the Company by advancing Colombia with Newmont as partner, finding a fair solution in Uruguay for all stakeholders and reducing its activities in Chile.Orosur is planning the next stages of exploration of the high grade Anzá project in Colombia in coordination with Newmont.The Company is hard at work and anticipates reaching a fair and balanced solution in Uruguay in the interest of all our stakeholders. As part of the reorganisation procedures, the Court has scheduled a meeting of creditors for December 2018. In parallel with ongoing discussions with third parties, the Company has started working on a payment plan proposal agreement with the creditors which should be negotiated in advance of the creditors' meeting. | mrkipper | |
05/11/2018 13:18 | Orosur and its subsidiaries (excluding Loryser) are not included in the Loryser Reorganisation Proceedings and the Company?s management team will continue to lead day-to-day operations. WHAT PART OF THE ABOVE DONT THESE MUGGY TROLLS UNDERSTAND LOL ? | mrkipper | |
05/11/2018 13:16 | The Company's 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 Company's 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. | hoder | |
05/11/2018 13:15 | -- Loss before tax was US$6.0 million compared to a loss of US$0.4 million in Q1 18. This was mainly due to diminished operations and higher restructuring costs. -- The Company's cash balance at August 31, 2018 was US$1.1 million compared to US$1.4 million at May 31, 2018, with a deficiency in net working capital (current assets less current liabilities including cash) of US$14.6 million compared to US$10.6 million at May 31, 2018. The total liabilities under the Loryser reorganization proceedings subject to the recent validation by the Controller were US$12.3 million. This amount relates mainly to commercial creditors and financial debt as $6.2 million in labour liabilities and $5.4 million in environmental liabilities are not part of the proceedings unless Loryser is put into liquidation. | hoder | |
05/11/2018 13:14 | LOOKS LIKE THE NONCE b1's OTHER ACCOUNT HERE !!!!!!!! CALL THE ROZZERS ON THE NONCE !!! | pishcoin | |
05/11/2018 13:12 | The Company's 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 Company's 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. | hoder | |
05/11/2018 13:12 | E: Anza Dec Feasibilitystill do not know who requested the early Feasibility report on ANZA gold deposit?But whoever it is....wants to put an independent NPV valuation for an early OFFER may be?Cheaper and quick to BUY OUT high grade quality Gold deposits outright for Gold Majors to replace their declining production profiles due to under-investment in last 10 years. | mrkipper | |
05/11/2018 13:11 | Anza Dec feasibiltyFeasibilit | mrkipper | |
05/11/2018 13:06 | NONCE !!!!!!!!!!!!! FIDDLER !!!!!! NONCE !!!!!! LOLOLOLOLOL ! B1's A NONCE !!!!!!!!!!!!!!!! | pishcoin | |
05/11/2018 13:04 | B1 the NONCE ! is out on day release ! Lock up your kids and protect them from this vile NONCE ! | pishcoin | |
05/11/2018 10:35 | Took an age to buy in this morning nt to buy in bulk at 6.8p | guyswonga74 | |
04/11/2018 13:50 | And the rest is history - https://www.thestar. | mrkipper | |
04/11/2018 13:48 | Newmonts deal with Orosur looks very similar to Miramar - | mrkipper | |
04/11/2018 13:46 | Also NEWMONT would have only purchased about 10% if this was the case why 20% if it's going to go bust soon ? When you could get it even cheaper ? Your a vile piece of work on this board Mr August ! A troll | mrkipper | |
04/11/2018 13:45 | Your quote - Buying the shares instead achieves 2 goals:1) The OMI Directors get to pay themselves out of this $2m - before the Administrator can get it.2) when OMI go bust - Newmont gets a tax loss.HAVEN'T LAUGHED SO MUCH! Your sounding very desperate posting that statement. NEWMONT would NOT be part of a speculation as your saying as they have a reputation to maintain and INVESTERS would not trust them in the future. | mrkipper | |
04/11/2018 12:21 | Your a troll pure and simple ! NEWMONT won't let Orosur go bust and jeopardise another major getting there foot in the door which is why NEWMONT paid a premium. End of the subject and as many have said if you've sold here ? Why troll the boards ? What price did you sell for ? | mrkipper | |
04/11/2018 12:18 | kipper, "In parallel with ongoing discussions with third parties, the Company has started working on a payment plan proposal agreement with the creditors which should be negotiated in advance of the creditors’ meeting." ------------ Why should the company be working on a payment plan --- if it is not liable for the debts? The court appointed administrator is allocating all the Lorysur assets - the company have no say in that! | augustusgloop | |
04/11/2018 12:16 | I do like the last paragraph of my previous post. So Ignore the trolls here with there amateur phycology mentioning words like "bankruptcy" "bust" receivers etc A fair solution will be found here and Orosur will NOT be going BUST ! every company has issues but when your sitting on a massive gold find in Columbia with NEWMONT funding you any money you might have to raise wouldn't be a problem ! Even if they had to do a cash call here look at the number of shares SOLG have in issue compaired to OMI ? Now enjoy the reading | mrkipper | |
04/11/2018 12:14 | Newmont are better off if OMI go bust. If they hadn't paid £2m for shares would they have had to pay £2m to sign the agreement -- that is usual practice. Buying the shares instead achieves 2 goals: 1) The OMI Directors get to pay themselves out of this $2m - before the Administrator can get it. 2) when OMI go bust - Newmont gets a tax loss. ----------- The subsidiary structure used by OMI is common to all small miners. Many of these miners on AIM have had their production subsidiary go bust in recent years. Not a one of them survived this. None of them managed to shield the parent company from the losses of the subsidiary. Why should OMI be the only one that has managed to do this? And if they have in truth done this - then why the caution in the forward looking statements - specifically worded to show that they need to raise money to remain in business? | augustusgloop | |
04/11/2018 12:10 | FY19 OutlookAs a consequence of the weaker mineralization encountered at the San Gregorio UG mine in Uruguay and the consequently difficult financial situation of the Company, the Board adopted an aggressive strategic plan which is being implemented, with the main objective to restructure its businesses, recapitalize and transform the Company by advancing Colombia with Newmont as partner, finding a fair solution in Uruguay for all stakeholders and reducing its activities in Chile.Orosur is planning the next stages of exploration of the high grade Anzá project in Colombia in coordination with Newmont.The Company is hard at work and anticipates reaching a fair and balanced solution in Uruguay in the interest of all our stakeholders. As part of the reorganisation procedures, the Court has scheduled a meeting of creditors for December 2018. In parallel with ongoing discussions with third parties, the Company has started working on a payment plan proposal agreement with the creditors which should be negotiated in advance of the creditors' meeting. | mrkipper | |
04/11/2018 12:09 | On September 10, 2018, the Company completed a non-brokered private placement of US$2.0 million with Newmont Mining Corporation (NYSE: NEM) and an exploration agreement with venture option with Newmont Colombia S.A.S., a wholly-owned subsidiary of Newmont, for the Anzá exploration property in Colombia. The Exploration and Option Agreement includes a three-phase earn-in structure allowing Newmont to earn up to a 75% ownership interest in the Anzá Project by spending a minimum of US$30 million in qualifying expenditures over twelve years, completing an NI 43-101 compliant feasibility study and making cash payments to Orosur equaling a total of US$4.0 million over Phases 1 and 2. Newmont purchased 29,213,186 common shares at a price of C$0.091 per share for aggregate proceeds of US$2.0 million which includes the initial advance of US$250,000 previously announced on July 10, 2018. Newmont now holds 19.9% of the share capital of the Company. | mrkipper | |
04/11/2018 12:03 | Your clutching at straws against Mr August and trying to spread fear. There is NO point going round and round with trolls such as yourself on this board. Orosur is protected and NEWMONT wouldn't have got involved with a company about to fold! NEWMONT are looking for new projects to fast track there portfolio and Anza fits the bill! NEWMONT have a very good legal team and advisors which I'm sure are on hand to Orosur as they now have 20% interest in the company succeeding. I will not engage with you anymore as the facts are clear to see here | mrkipper | |
04/11/2018 11:09 | If you look at the disclaimer on the forward looking statements (particularly the bit concerning the 'Company's ability to continue as a going concern' - note the changes to this wording from the cut and paste standard wording that previously was used in all RNSs before the court appointed the administrator. They clearly tell you what is needed for the company 'OMI' to continue. They need to raise money -- why would this be if there were no liabilities to Lorysur? | augustusgloop |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions