Orosur Mining Share Discussion Threads

[bmwman3] 04/10/2020 15:20

Fantastic posting history folks this poster is a real help! An absolute mine of information! A real gem !

[bmwman3] 04/10/2020 15:17

Sometimes if you've got nothing to say then take the hint!

[bmwman3] 04/10/2020 15:10

Not aloud to dream in the prat's world!

[bmwman3] 04/10/2020 15:09

Pasted from LSE poster all hypothetic of course!

[bmwman3] 04/10/2020 15:07

Wondered when you'd pipe up!

[mufprat] 04/10/2020 14:47

Must be on drugs - fantasy ramping

[bmwman3] 04/10/2020 14:04

One of the reasons i think the upside is greater than GGP is that Ggp rose 9.8% on Friday putting £100m on its cap. It's cap now stands at £850m at 22.5p. 3.8bn shares in issue and open to much more dilution. Work out the bags you get in OMI for it to rise £100m in a day. Today OMI cap £24m. 160m shares in issue fully funded by the 2 majors and no threat of dilution plus omi receives cash payments from the majors. Each circa 62.5p OMI rises it would add £100m to its cap. Ggp rose 2p to achieve it. This is the effect of dilution to your holdings and OMI does not pose this problem for shareholders due to the company making deal they have with Newmont and Agnico.

[bmwman3] 04/10/2020 13:09

https://resourceworld.com/drilling-at-continental-golds-buritica-project-intersects-high-grade-gold-in-bmz2-bmz4-and-master-veins/

[tidy 2] 03/10/2020 23:26

Anza is fully funded by the 2 majors for 75% between them. Omi retains 25% free carry and gets cash payments from the majors. Buy sit back and watch the cap grow from its 24m cap.

[bmwman3] 03/10/2020 17:22

From LSE poster weathergeek I think also, you have a lot of investors now from the likes off GGP and EUA looking for the next opportunity. The pressure here should remain strong as metals prices look at the beginning of a long bull run. If gold goes up over 2000 you can expect a bull run in miners. One's like OMI stand to benefit the most as its been way off the radar of many and is actually further advanced than a good few on many multiples. Low amount of share in issue compared to a lot of others, Low market cap compared to resource. 2 major JV's to de risk.

[bmwman3] 03/10/2020 14:13

1) having a major onboard significantly derisks, having 2 majors derisks further - we are £24m mcap and there are companies with higher market caps with no partner and no significant discoveries who are working hard to get to the position we are enviably in2) we have no need to raise capital - there should be no dilution to prove up the resource unlike many gold exploration companies on AIM so your share of the company will be unaffected3) Once drilling commences, with each release of results the price will ratchet higher, as we've seen with GGP through Summer. And the nice thing is that the results will be announced by OMI, Newmont AND Agnico. The fact Newmont and Agnico will be announcing means many investors will see the results and it will be announced on 3 exchanges TSX, NYSE, LSE. This will give us significant coverage and should help drive demand.

[bmwman3] 03/10/2020 13:51

Orosur's Anzá Project is subject to an Exploration Agreement with Venture Option dated September 7(th) , 2018, as announced on September 10(th) , 2018, (the "Agreement") between Orosur's 100% subsidiary Minera Anzá S.A ("Minera Anzá") and Newmont Colombia SAS ("Newmont Colombia"), a subsidiary of Newmont. Orosur's position with respect to the Anzá project, and all terms and conditions of the Agreement remain unchanged.Newmont Colombia will become the Joint Venture vehicle between Newmont and Agnico and its name will change to Minera Monte Águila SAS (" Monte Águila").Monte Águila assumes all rights and obligations with respect to the Anzá project that were previously held by Newmont Colombia, with Minera Anzá remaining operator of the Anzá project and conducting exploration work on behalf of Monte Águila, until such time as Monte Águila assumes operatorship at its discretion .Exploration funding to commenceThe Company has been informed by Monte Águila that initial funding of approximately US$0.7m to restart the exploration program will be provided to Minera Anzá in several days.This funding is to be directed solely to fund exploration on the Anzá Project for the 12-month period starting September 7(th) , 2020 and is the first contribution of the required $4m of expenditure for this 12-month period per the terms of the Agreement.This funding is not related to the previously announced payment in lieu for the shortfall of qualifying expenditure for the previous 12-month period ended September 6(th) , 2020. The payment in lieu, which amounts to US$582,170, is payable no later than November 6(th) , 2020.Pending Commencement of Exploration at AnzáIn anticipation of receipt of exploration funds, Minera Anzá is well advanced in refurbishing its field camp at Anzá in readiness for the commencement of field activities as soon as possible given the limitations currently imposed by the Covid-19 pandemic.Future announcements will detail work plans as they are developed, but these are likely to include re-logging of core, geophysical surveys, geochemical surveys, and extensive drilling campaigns.About AgnicoAgnico is a senior Canadian gold mining company that has produced precious metals since 1957. Its operating mines are located in Canada, Finland and Mexico, with exploration and development activities in each of these countries as well as in the United States and Sweden.Orosur CEO Brad George commented:"We warmly welcome Agnico to Anzá. To now have two of the world's top 10 gold miners (combined production of over 7.5 million oz per year) investing in our project is testament to its potential and we look forward to an eventful year."

[breaktwister] 03/10/2020 11:53

This is an important statement, further derisks here imo.

[bmwman3] 03/10/2020 10:36

Have you done any research or just de-ramping? Tha latter I feel! Agnico Eagle will sole fund the JV until expenditures equal Newmont's previous investment in the Anza project, about 2.9-million, which should be achieved in the next 12 months. Thereafter, the parties will continue funding on a 50:50 basis.Newmont entered into an earn-in agreement with Orosur in September 2018, giving the company an option to earn up to a 75% interest in the project. No funding problems! No Placing required!

[mally6] 03/10/2020 09:31

Placing be daft not to will need money to get to the prize

[bmwman3] 03/10/2020 05:45

Colombia's mining future https://www.mining.com/web/colombias-mining-future-tied-to-metals-not-coal-minister-says/

[tidy 2] 02/10/2020 22:35

Orosur Mining Inc. Reports New High-Grade Gold Drill Results at APTA, Including 9.62g/t Over 6.0m, 9.42g/t Over 7.0m, 23.66g/t Over 1.0m, 5.28 g/t Over 12.0m & Further Extends Depth of Mineralization to Over 400mhTTps://www.juniorminingnetwork.com/junior-miner-news/press-releases/1105-tsx/omi/44716-orosur-mining-inc-reports-new-high-grade-gold-drill-results-at-apta-including-9-62g-t-over-6-0m-9-42g-t-over-7-0m-23-66g-t-over-1-0m-5-28-g-t-over-12-0m-further-extends-depth-of-mineralization-to-over-400m.html

[tidy 2] 02/10/2020 19:12

Remember Anza is more advanced at this stage with Newmont and Agnico taking control than was Newcrest with ggp. Have you seen the drill results to date at Anza Easier to speculate what is in this for the 2 majors what do they know? Agnico knows the area and has been after Anza for a while. For them both to be happy to split 75% between them and fund operations plus giving OMI 25% free carry plus cash they must know it is worth their while. What size resources satisfies world majors. Usually pretty big

[mufprat] 02/10/2020 19:04

An indication of potential Tidy not size. Lots more drilling required. Expecting at least 12 more months of exploration before we get an idea of what might be there. Spent two years waiting for GGP's share price to gain momentum. Happy to do the same here.

[tidy 2] 02/10/2020 18:58

Other than using the other resources on the same belt.

[mufprat] 02/10/2020 18:18

There is no direct comparison with GGP. To try and do so and conjure up an OMI share price of £4-£5 is quite frankly moronic.What is true is the low market cap, limited number of shares in issue and outstanding recent drill results. However, there is no current indication of the size of the resource and therefore no way at all to determine a fair value.

[breaktwister] 02/10/2020 18:10

I was tempted to sell half this morning and try to trade this, but have decided to just sit as a longterm holder. I think we are going much higher. Maybe 25-30 to lighten up.

[tidy 2] 02/10/2020 17:47

Tr1's conking surely. Only 48% free float now.