Orosur Mining Share Discussion Threads

[rivaldo] 26/8/2022 14:46

There's some expectation on LSE of news on Tuesday, and Monday is of course a Bank Holiday here so no-one can buy after today.

[vickiitwo2] 26/8/2022 12:50

badly bitten in the past it seems

[romeoandjuliet] 26/8/2022 07:01

These are only available in small supplyGetting hoovered up daily.Much further to move (upwards)

[cuddlymanatee] 23/8/2022 16:02

It is not without risk as phase 2 may not come which would be sore on share price, however on considering risk and reward, the rewards outweigh the risk. I believe that phase 2 will be actioned as Agnico seem very keen and have been leading the project, much to the frustration of orosur holders with at times orosur management seemingly not having their fingers on the pulse. Trust is a big part here that two of the biggest operators know what they are doing and are interested. It is still early to get some as next week will ramp up another gear as 6th September deadline approaches. Seems bullish to say that after the rise this has had so far but it is fact, I'd be very surprised if next week does not produce fever pitch.

[philjeans] 23/8/2022 15:03

Very encouraging CM - well done!

[cuddlymanatee] 23/8/2022 13:59

And with that a chance of a multibag. Even at today's price orosur is stupendously cheap with phase 2 approaching. A few years ago people were paying 40p for this share on less knowledge than is available now. So peeps getting in early before phase 2 news as once that is released you will not be able to buy a bean as free float is seriously low and will most like bag off that news.

[cuddlymanatee] 23/8/2022 13:52

Good summary by portfolio on lse indeed. As a long term holder in orosur I am quite well placed to answer this. For the last few months there has been a news black out whilst approaching phase 2. Majors have been drilling northern area of Anza (pepas and pupino) since start of may and currently have 4 rigs in operation..two deep rigs and two standard rigs. Results have not come so far but have apparently had solid sampling, hence why they have went there. Quite tough terrain to navigate but Agnico chose to go here rather than utilise the deep rigs at Apta that is still open in various directions and showing at depth. Apta accounts for 5pc of the Aragon fault, therefore alot of area still to exploit. Phase 2 will account for a a 2million dollar payment to orosur and majors will put up 20million dollars minimum to be spent on the project over the next 4 years. Orosur director expects that phase 2 will signal "drill phase" of project and majors will more likely spend this over 2 years. I don't think the price rise is solely on rumour. Yes webinar is set for 6th of September which is anniversary date of when majors will make decision but orosur share price was completed aroded like all juniors over the last 18 months. Agnico also JV will royal road minerals which is an adjacent plot to Anza which recently had hundreds of metres of low grade gold. It is thought that La cejita (part of the Anza package) is the daddy source of not only royal roads deposit but all the satellite deposits in the Anza land package. A big if, but if phase 2 is realised you can bet that the Anza deposit is big. Most likely a VMS deposits containing copper, gold and zinc.

[philjeans] 23/8/2022 10:24

Thanks Riv.

Very interesting.

[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!