Orosur Mining Share Discussion Threads

[rivaldo] 23/8/2022 09:49

The LSE bb is extremely busy and is presumably where a lot of the buying is coming from. The excitement is primarily based around speculation of confirmation of phase 2 drilling being announced soon.

There's some good summaries there, for example this from PortfolioPower:

"The share price has only risen since the webinar was first announced last week, and continues to be advertised on this LSE platform as it has been for the past few days.

Looks like the webinar is starting to attract the attention of the wider markets (a variety of new posters and a busier bb as a result) and given this will be signalling the end to the recent news blackout and the hotly anticipated updates from our Majors.

More accurately, the share price continued to rise today since the early morning RNS.

As someone noted previously, it's good to see these steady risers and no doubt momentum will continue alongside small profit takers all the way through the coming weeks as each update is released to market.

Consolidation is extremely healthy for the share price with all genuine major risers.

We witnessed OMI do a similar steady rise through August 2020 ahead of the big RNS that then saw the share price leap vertical.

I'm sure all holders would happily see a similar scenario and the company is in a far stronger position now.

Worth taking a reminder at the impact confirmation of phase 2 works commencing with their JV global major had over at GGP, followed up by their subsequent regular drilling news updates.

GGP was about 1.8p when they announced commencement of their phase 2.

They then went on to see a 20 x bagger return at one stage as the acceleration of drilling took place and more rigs were added in the run up to their Maiden MRE.

If everything lines up and we are moving from what was at one stage for a long period of time here at OMI just one rig to now progressing to 3-4 Rigs on site and the potential for this to increase further. All bets are off as to what level this could run up to.

Certainly wouldn't be ruling out a potential re test of previous highs of c.40p last seen in 2021 as a starter on Phase 2 confirmation combined with some juicy exploration updates."

[philjeans] 23/8/2022 09:37

I agree.

Nice though!

[qs99] 23/8/2022 09:24

Still going today....really fascinating on back of "no" news....

[davidlloyd] 22/8/2022 14:56

rumours of rumours I suspect ;-)

DL

[qs99] 22/8/2022 14:21

rumours of what petersmith6?

[lean5gb] 22/8/2022 11:19

I thought, buy on rumour...... . . . (sharp intake of breath).... . . . :0)))))))))

[petersmith6] 22/8/2022 10:01

Rumours are going round but I'll wait till an update before committing any more money

[philjeans] 22/8/2022 09:15

No idea what's driving this really - tip or update due?

15p would be great but nothing goes up in a straight line for long!

[qs99] 22/8/2022 09:07

and some nice size buys pushing it along nicely. Wonder if we will see North of 15p this week? Thoughts Philjeans? DYOR

[qs99] 22/8/2022 08:38

Indeed, looking very firm...GLA for more Northward rises this week!

[philjeans] 22/8/2022 08:09

Strong opening - good news on the way!

[philjeans] 19/8/2022 14:21

Just so oversold by shorters - and now they've got burned!

GOOD!

[saint in exile] 19/8/2022 13:58

Back into double figures at last

[romeoandjuliet] 19/8/2022 13:30

Easy money from here

[philjeans] 19/8/2022 09:29

So much potential - so incredibly cheap for an ISA gold prospect!

[qs99] 17/8/2022 19:04

indeed, thanks 2_risky...let's see if it is followed through ahead of the weekend....DYOR

[2_risky] 17/8/2022 16:58

Qs99 - It’s probably speculation on the important decision by our partners whether to opt in for phase 2 of the joint venture, doubling the exploration spending commitment over the next 4 years (plus a further cash top up to keep the directors in food and water). Should know by second week of September if not in the full year results due this month.

[qs99] 17/8/2022 15:39

are the drilling results not due soon? Is that maybe why the spike? DYOR

[qs99] 17/8/2022 15:32

well chuff all stock to buy from what I can see, DYOR...

[romeoandjuliet] 17/8/2022 13:26

Time for a bit of a recovery here

[freefall3] 15/8/2022 09:58

Romeo I think you are asking a bit much. This is no longer in a news rich period so there is little chance of any update here! Still when it comes it will hopefully detail the much needed funding.

[romeoandjuliet] 11/8/2022 19:00

Could do with an update here

[freefall3] 22/7/2022 10:08

Someone is keen to offload shares this morning. I wonder what they know !

[freefall3] 04/7/2022 11:37

Looks like Stresshead1964 will need to do a lot more averaging down as this heads closer to 5p this week. It's hard to believe people thought this was actually worth buying at 20p. I guess Overdale and others' ramping sucked them in.