Orosur Mining Share Discussion Threads

[money fountain] 05/11/2018 14:14

Thanks for heads up Hoder.

I sold my shares. I can't afford to lose all here.

[bmk1] 05/11/2018 14:12

augustusgloop4 Nov '18 - 11:09 - 18356 of 18412
0 0 0
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 Lorysu

[mrworry] 05/11/2018 14:06

I'm worried for b1 as he's paid to set up this new thread ? Oh dear he's very desperate. I'll have fun here putting the thread on the bottom here ;-D

[hoder] 05/11/2018 13:55

-- 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.

[hoder] 05/11/2018 13:54

Orosur Mining Orosur Mining Inc. - Resignation of Director
05/10/2018 7:00am
UK Regulatory (RNS & others)



Orosur Mining Inc. ("Orosur" or the "Company") (TSX: OMI) (AIM: OMI) today announces that it has received notice from Jorge Aceituno, Chief Operating Officer and Executive Director of the Company of his resignation from the Board and executive positions with the Company, with immediate effect, in order to accept a position closer to his family in Chile.

[hoder] 05/11/2018 13:53

-- 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 13:52

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 13:48

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 13:47

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 13:47

How many alias has b1 got ? I've counted 3 of the same here in the last 20 mins ? Very desperate and a good sign ! Funny how they don't spout the lies on the LSE share chat ? As they know there posts would be removed ;-D