Orosur Mining Share Discussion Threads

[hoder] 05/11/2018 13:39

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.

[mrkipper] 05/11/2018 13:39

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 13:39

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.

[hoder] 05/11/2018 13:35

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 13:34

-- 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.

[pishcoin] 05/11/2018 13:26

B1's c0ck boys coming out of hiding now after a sorting each other out this morning dirty nonces !!!!!!!!!

[pishcoin] 05/11/2018 13:25

NONCE !!!!!!!!!!!!!!!!! WEASEL ! LOLOLOLOLOLOL !

[hoder] 05/11/2018 13:23

-- 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.

[pishcoin] 05/11/2018 13:22

COME OUT FROM HIDING B1 ! YOU NONCE ! YOU NEED A GOOD GASSING !!!!!!!!!!!!

[pishcoin] 05/11/2018 13:22

HODER AND COSA ARE THAT NONCE B1 !!!!!!!!!!!!!

[pishcoin] 05/11/2018 13:21

GREAT POSTS MR KIPPER ! THANK YOU

[hoder] 05/11/2018 13:21

-- 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.

[mrkipper] 05/11/2018 13:20

Anza Dec feasibiltyFeasibility reports generally are done to value an assetANDNormally before a Deal in the making. That should also give Market better idea of Price discovery. Said it from the start, this deal will get wrapped up much sooner. Only because Newmont got restricted to only 19.9% they did the 3 phase development deal securing first refusal. £1.00 a share would only be £150m MCap. 50p values it at £75m MCap. Offer could come anywhere in between and still be pocket change for 17.3 Billion MCap Newmont. Even an ALL share deal could happen, where OMI get Newmont shares. Helll I would be happy in owning shares in Newmont and still retain ALL Upside from Anza. Just a few scenarios that could be in play. IMO.

[mrkipper] 05/11/2018 13:20

And the rest is history - https://www.thestar.com/amp/business/2007/10/09/newmont_to_acquire_miramar_for_15b.html - IGNORE THE TROLLS HERE GUYS AND REMEMBER WHY YOU INVESTED HERE SAME AS WHY NEWMONT DID ! Switch off and enjoy the rerate in coming months once we have more news on Anza and more gold results. Don't give these trolls the time of day and once again ask yourself why they are really here if they are not invested or want a lower buy in price ?

[hoder] 05/11/2018 13:19

Now will it crash to 0.2pp or 0.25p?

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.

[mrkipper] 05/11/2018 13:19

Newmonts deal with Orosur looks very similar to Miramar -

[mrkipper] 05/11/2018 13:19

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] 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 ?

[hoder] 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.