Orosur Mining Share Discussion Threads

[bmwman3] 06/7/2021 21:38

LSE poster but can't say it better myself read this earlier and it's spot on imho With a free carry on Anza for the foreseeable and nothing else in the pipeline, I'd be astounded if the company blow through $6m in the next few years on wages and overheads alone. All finances by the JV partner The "strong cash balance" statement for me acted more as a deterrent and warning sign to the JV partners. Il have a full read through the terms and conditions again but it outlined to me Brad was saying "we have the funds, if the JV partners choose not to progress, we can attack Anza ourselves" or other projects. A weak cash balance to me would put the JV partner in an even stronger negotiating position moving forward. There are terms outlined for $4m to be spent in year 4 which will earn the JVs further into the project, but if they underspend or decide against it, I'm sure Orosur have options they can triggerI'm invested into Antipa. The fundamentals of the JV agreement can change as and when the project progresses. Rio tinto decided out the blue to increase their yearly JV budget by over $A10m. Can't see a fund raising myself. Also it's likely some warrant money will be triggered by the recent share price movement.

[charlie9038] 06/7/2021 21:35

Rfe 21661 brwman3 Isn't that like comparing say Londis to WH Smith?

Who's to say OMI won't issue more?

Just my thoughts not trying to deramp btw

[smraynot] 06/7/2021 21:23

It's going to fly 🚀🚀🚀🚀8640;

[bmwman3] 06/7/2021 20:32

Courtesy of LSE posterComparisons with GGP will always happen because they are ultimately the junior everybody wishes they had invested in. Take a moment to consider though that to reach GGP's Market cap at close today of £717m, OMI would have a share price of roughly £3.80. That's a long way off if ever we were that fortunate, but also consider from todays closing price, that's about a 15 bagger.

[bmwman3] 06/7/2021 20:22

Reason being there's only 188m shares in omi also unlike say ggp with 3.5bn in issue so for omi to reach their mcap you are looking at many many more bags from this level to attain those levels due to the low issue. Great.

[akmal101] 06/7/2021 20:20

Have a look at ROCKFIRE ?

[bmwman3] 06/7/2021 20:18

Great chance of it this week imho

[arab3] 06/7/2021 19:42

50p not a chance!!! when did you buy in smraynot ?

[smraynot] 06/7/2021 19:21

Get in early, there will be a rush in the a.m 50p+imhho.

[romeoandjuliet] 06/7/2021 18:37

20-30% rise tomorrow

[irpy] 06/7/2021 17:52

This is a multibagger. It has done it before. Anything under 100p is an absolute bargain!

DYOR etc

[bmwman3] 06/7/2021 17:42

Think this will continue tomorrow

[charlie9038] 06/7/2021 17:18

Trying to buy more on the dips, but so strong today.
GLA

[phurley] 06/7/2021 16:21

Analyst CommentConclusion: Orosur's 9,500m drill programme at Anza been a resounding success and achieved its aim of determining significant high grade gold mineralisation. The Company's backing by two of the world's top ten gold producers has de-risked Orosur's position with respect to funding of the project, although we suspect that there would be no shortage of backers given this latest very encouraging development at Anza. Orosur have commented that their project is geologically very similar to the Buritica deposit recently taken over by Zijin Mining – a 5.7 M&I AuEq @ 11 g/t from 16.02mt, which the company bought for C$1.4bn in cash.

[philjeans] 06/7/2021 15:33

Once traders take their daily profits, I can see this continuing to climb.

Presentation tonight should be very encouraging and Newmont will eventually buy us out as further good grades are discovered.

Min £1 a share here and could be very much more.

[qs99] 06/7/2021 15:18

Agreed LI, but at what point do you jump in to save paying more later. Delicate balance I agree....IF they do however, I cannot see so far how it could be anywhere as low as current SP! DYOR

[tidy 2] 06/7/2021 14:36

Its all free carry to OMI they dont need to worry about a mine they are being paid cash for sitting back and watching the majors explore and develop their claim.

[tidy 2] 06/7/2021 14:34

I've been doing that pi for over a year its a load of junk. Stopped as the pop ups were constant.

[live ink] 06/7/2021 13:46

Gentlemen,

It all looks very encouraging but we have not yet got a mine.

Newmont and Agnico know this and the question is: would they bid now or in a few months time?

Live Ink

[qs99] 06/7/2021 13:39

I agree, why would 40p win the day. WOuld need to be around a quid given the potential here IMO....DYOR etc...

[demark] 06/7/2021 13:00

EK may have missed a zero!

EK is having a laugh
...possible bid at north of 40p...

Evil Knieval is expecting a bid well north of 40p:

[sphere25] 06/7/2021 12:47

Market makers have been closing off the buying here very quickly at each price point that becomes available on the offer. The little dips have been bought very quickly.

16.5m volume at present (counting LSE trades only via ADVFN) without delayed prints is strong, and with the price having been up at 40p prior to this news, surely that is the minimum target here?

To my untrained mining eye, the potential of the resource and particularly the funding looking sorted makes this an interesting speculative one so been nibbling a few on the intraday dips.

The intraday price has just broken out to a new high.

Watching for a strong close, which considering the significant interest here will almost inevitably mean a pop higher tomorrow. That is how it usually works with these sorts, they come piling in the next morning.

I'll leave it to the sector experts to try and stick a value on it because I have no idea! :-)

All imo
DYOR

[noirua] 06/7/2021 12:47

Evil Knieval is expecting a bid well north of 40p:

[chesty1] 06/7/2021 12:34

Very well done longs!