Orsu Metals Share Discussion Threads

[bam bam rubble] 03/9/2015 15:53

$314,000 new options issued at exercise price of 1p (current spread 1.10p - 1.25p)
Good solid managerial decision. The directors have their priorities straight here.

[fenseal3] 03/9/2015 07:22

Thu, 3rd Sep 2015 07:00

FOR: ORSU METALS CORPORATION

AIM, TSX SYMBOL: OSU

September 2, 2015

Orsu Metals Corporation: Grant of Options

LONDON, UNITED KINGDOM--(Marketwired - Sept. 2, 2015) - Orsu Metals Corporation (the "Company")
(TSX:OSU)(AIM:OSU), the London-based precious and base metals exploration and development company, announces
the grant of 13,000,000 options to purchase common shares of no par value in the Company (each an "Option") to
the Directors and senior management of the Company as follows:

No. of Options No. of Options held
Name granted after the grant

Directors
Dr Sergey V. Kurzin 4,000,000 4,000,000
Dr Alexander Yakubchuk 3,000,000 3,000,000
Mark Corra 1,500,000 1,500,000
Massimo Carello 1,500,000 1,530,000
David Rhodes 1,500,000 2,000,000

Senior management
Kevin Denham 1,500,000 1,500,000

The Options were granted on September 2, 2015 and each Option entitles the grantee to purchase one common share
at an exercise price of CAD$0.02. The Options vest immediately and may not be exercised later than September 2,
2020.

In addition, on the same date, a further 2,700,000 Options were issued to employees and consultants on the same
terms as above.

Following the grant, as at the date of this announcement a total of 16,305,000 options remain outstanding,
representing approximately 8.9% of the 182,696,049 common shares in issue (on an undiluted basis).

FOR FURTHER INFORMATION PLEASE CONTACT:

Orsu Metals Corporation
Kevin Denham
Chief Financial Officer and Company Secretary
[phone]
[phone] (FAX)
[e-mail]
www.orsumetals.com

OR

Canaccord Genuity Limited
Henry Fitzgerald O'Connor/Oliver Donaldson
[phone]

Contact Information:
Orsu Metals Corporation

© 2015 Marketwire L.P. All rights reserved.

[fenseal3] 21/8/2015 16:03

BAM BAM...do you think MTR would buy 5.5m shares for fun, and to lose money....what planet are you on, do you not know how MTR works, they get info in advance, KIBO....bought @ 4p sold at 10p, EUA....bought @ 0.6p sold at 2p, the list goes on, they make money....i will put my house on it that news of the gold asset is very close and they know a 4 fold in price is coming, also Stig is here what more can i say, cheer up and buy some, before the herd arrives, 8-))

[bam bam rubble] 21/8/2015 15:36

Forecast cash at Dec 2015: £3m (down from £11m at Dec 2013)

H1 2015
-$1.3m spent on admin expenses
-$0.1m on exploration (license-related admin booked as exploration)

Based on the above ORSU appears to be a pure play on admin expenses

[fenseal3] 21/8/2015 15:18

Stig....just for you, MC of OSU 2m....$6.2m cash, asset for sale 4.4m, NAV 21m, liabilities 1.4m....Just read 8-)

Orsu Metals Corporation results for the period ended June



30, 2015 (Unaudited)
FOR: ORSU METALS CORPORATION

TSX, AIM SYMBOL: OSU

August 12, 2015

Orsu Metals Corporation results for the period ended June 30, 2015 (Unaudited)

LONDON, UNITED KINGDOM--(Marketwired - Aug. 12, 2015) - Orsu Metals Corporation ("Orsu" or the "Company"), is a dual
listed (TSX:OSU)(AIM:OSU) London-based base and precious metals exploration and development company today reports its
unaudited results for the quarter ended June 30, 2015 ("Q2 2015"). A full Management's Discussion and Analysis of the
results ("MD&A") and Consolidated Financial Statements (Unaudited) for Q2 2015 (the "Financials") will soon be available
on the Company's profile on SEDAR (www.sedar.com) or on the Company's website (www.orsumetals.com). Copies of the MD&A
and Financials can also be obtained upon request from the Company Secretary.

The Financials have been prepared in accordance with applicable International Financial Reporting Standards ("IFRS").

All amounts are reported in United States Dollars ($) unless otherwise indicated. Canadian Dollars are referred to
herein as CAD$ and British Pounds Sterling are referred to as GBPGBP.

The following information has been extracted from the MD&A and the Financials. Reference should be made to the complete
text of the MD&A and the Financials.

SECOND QUARTER 2015 HIGHLIGHTS

A year on year reduction of $0.9 million in net losses to $1.4 million for the six months ended June 30, 2015, from $2.3
million for the six months ended June 30, 2014, along with a year on year reduction of $0.5 million in net cash
outflows.

As at June 30, 2015 the Company had cash and cash equivalents of $6.3 million and estimates to have sufficient working
capital to fund it exploration and administration obligations for the next 12 months.

In April 2015 - the Company announced that it had entered into a new conditional exclusivity agreement (the "Exclusivity
Agreement") with David-Invest LLP ("David-Invest"), a Kyrgyz registered company, and a related company, David Way
Limited ("David Way"), a Hong Kong registered company (together the "Potential Buyers") with a view to the potential
sale of its Akdjol and Tokhtazan exploration licenses in Kyrgyzstan (the "Akdjol-Tokhtazan Project"). Pursuant to the
terms of the Exclusivity Agreement the Potential Buyers have been granted an exclusive right to purchase the Akdjol-
Tokhtazan Project until December 31, 2015 conditional upon the Potential Buyers continuing to fund the costs of
maintaining the license.

In May 2015 - the Company announced that Mr Timothy Hanford would not stand for re-election as a director, and
accordingly his directorship terminated as at the conclusion of the Company's annual shareholder meeting held on June
22, 2015.

FINANCIAL RESULTS FOR THE THREE MONTHS ENDED JUNE 30, 2015

For Q2 2015 the Company reported a quarter of quarter reduction of $0.6 million in net losses to a net loss of $0.6
million for the three months ended June 30, 2015 compared to a net loss of $1.2 million for the three months ended June
30, 2014.

The net loss of $0.6 million for Q2 2015 consisted of administrative costs of $0.4 million ($0.7 million for the three
months ended June 30, 2014), legal and professional costs of $0.2 million ($0.3 million for the three months ended June
30, 2014) and exploration costs of $0.1 million ($0.2 million for the three months ended June 30, 2014). These losses
were partially offset by net finance income of $0.1 for the three months ended June 30, 2015 (nil for the three months
ended June 30, 2014).

As at June 30, 2015 the Company had net assets of $19.7 million ($21.1 million as at December 31, 2014) of which $6.3
million was held in cash and cash equivalents ($7.6 million as at December 31, 2014).

Liquidity and capital resources

As at June 30, 2015 the Company's main source of liquidity was unrestricted cash and cash equivalents of $6.3 million,
compared with $7.6 million as at December 31, 2014.

The Company measures its consolidated working capital as comprising free cash, accounts receivable, prepayments and
other receivables, less accounts payable and accrued liabilities. As at June 30, 2015 the Company's consolidated working
capital was $6.6 million (compared with a consolidated working capital of $7.7 million as at December 31, 2014).

The Company's working capital needs as at June 30, 2015 included the funding for its exploration and development
activities, future expenditure obligations of the Kogodai Project, its corporate and administrative expenditures
requirements and potential contributions towards project finance, if and when arranged, in relation to the Karchiga
Project, as deemed appropriate. The Company expects to fund its working capital requirements for 2015, other than as set
out below for the Karchiga Project, and be able to contribute towards the pursuit of future growth opportunities (which
may include acquiring one or more additional assets), if and when such opportunities arise, from its unrestricted cash
of $6.3 million as at June 30, 2015 and potential net proceeds, if any, from the sale of the Akdjol-Tokhtazan Project.

In the six months to the end of Q2 2015 the net cash used by the Company's operating expenditures was $1.4 million,
compared to a net cash inflow of $1.9 million for the six months ended June 30, 2014 (set out in the interim
consolidated financial statements as at June 30, 2015). The minimum working capital the Company estimates for the year
is set out below:


Estimated working capital requirements for 2015 $000
=---------------------------------------------------------------------------
Estimated corporate and administration expenditure (1) 3,005
Estimated exploration expenditure for the Kogadai Project (2) 875
----------
Total 3,880

Notes:

(1) Includes office expenditure at the Karchiga Project.
(2) Total expenditure obligation of $3.75 million over five years.


In the Company's view, the consolidated working capital as at June 30, 2015 is sufficient to satisfy its working capital
needs, other than as described below in relation to the Karchiga Project, for at least the next twelve months.

In order to achieve the Company's planned construction of mining facilities and commencement of mining operations at the
Karchiga Project, if any, the Company will require an estimated initial CAPEX of $115 million for which the Company will
be required to raise additional financing in the future. If the Company secures the required debt financing on
acceptable commercial terms then it may also apply a proportion of its available unrestricted cash and if any, from the
sale of the Akdjol-Tokhtazan Project, towards the project financing requirements as the Company determines necessary.
Whilst the Company has been successful in raising debt and other financing in the past, the Company's ability to raise
additional debt and other financing may be affected by numerous factors beyond the Company's control, including, but not
limited to, adverse market conditions and/or commodity price changes and economic downturn and those other factors that
are listed under "Risks and Uncertainties" in the Company's 2014 annual MD&A.

Consolidated statements of net loss and comprehensive loss (Unaudited)

(Prepared in accordance with IFRS)


Three months Six months
ended June 30, ended June 30,
2015 2014 2015 2014
$000 $000 $000 $000
Operating expenses
Administration (369) (734) (1,067) (1,435)
Legal and professional (173) (258) (211) (284)
Exploration (50) (219) (80) (351)
Net foreign exchange (losses)/ gains (9) 28 (37) (170)
Net loss from disposal group asset held
for sale (18) (70) (76) (47)
-----------------------------------
(619) (1,253) (1,471) (2,287)
-----------------------------------
Unrealized gain on share warrant
liability 2 8 40 33
Finance income less finance (expense) 52 4 44 3
-----------------------------------
54 12 84 36

-----------------------------------
Net loss and comprehensive loss (565) (1,241) (1,387) (2,251)
-----------------------------------
-----------------------------------

Net loss attributable to:
Owners of the parent (524) (1,236) (1,308) (2,231)
Non-controlling interest (41) (5) (79) (20)
-----------------------------------
(565) (1,241) (1,387) (2,251)
-----------------------------------
-----------------------------------

Loss per share (US dollars per share)
Basic $(0.00) $(0.01) $(0.01) $(0.01)
Diluted $(0.00) $(0.01) $(0.01) $(0.01)

Weighted average number of common shares
(in thousands) 182,696 182,696 182,696 182,696


Consolidated Balance Sheets (Unaudited)

(Prepared in accordance with IFRS)



June 30 December 31
2015 2014
Assets $000 $000
Current assets
Cash and cash equivalents 6,275 7,606
Prepaid expenses and receivables 618 545
Assets of Akdjol-Tokhtazan Project held for
sale 4,473 4,583
------------------------------
11,366 12,734
------------------------------

Non-current assets
Property, plant and equipment 9,021 9,036
Other assets 802 832
------------------------------
9,823 9,868

------------------------------
Total assets 21,189 22,602
------------------------------
------------------------------

Liabilities

Current liabilities
Accounts payable and accrued liabilities 569 377
Deferred income 400 400
Liabilities of Akdjol-Tokhtazan Project
held for sale 150 187
Lease obligations 368 -
------------------------------
1,487 964

Non-current liabilities
Share warrant liability 6 46
Other liabilities - 509
------------------------------
1,493 1,519
----------------------------

[fenseal3] 20/8/2015 14:16

Buying more!!!!!!!!!!!!!!!!!!

[the stigologist] 20/8/2015 12:17

This will go sub 1p

MTR are pump and dump merchants who need cash

Commodity prices tanking

This Company has huge liabilities that need financing so the cash is illusory

[fenseal3] 20/8/2015 12:12

Wow, that person was a stayer...185k sold @ 1.1p made a loss, o dear 8-((

[fenseal3] 18/8/2015 11:32

Noticed a few sneaky buys coming in over the last week, nice buy today 185k shares @ 1.28p...don't know when news is coming but if MTR have bought then it will be sooner rather than later 8-)

[drh3] 12/8/2015 08:59

Here's hopeing.... It's lonelier than Antarctica here....

[fenseal3] 12/8/2015 08:46

Just saying hello, got a txt from a fellow investor last night pointing me in OSU's direction, he bought some on the back of MTR buying 5m shares and thinks there will be action here soonish, just bought 100k shares @ 1.22p, hoping for a bit of a rise, if MTR are involved then they will want a good return and they don't waste cash, follow the money, GLA!!! 8-))

[drh3] 28/7/2015 15:19

I took a few recently at 1.5, and if it goes sub 1p I may get some more. Spread quit bad though...

[drh3] 28/7/2015 15:15

My take is it must be the outlook on copper prices. It does seem daft that the share price works out less than half of what the company has in the bank as hard cash. The company does seem to be trying to conserve this by reducing the number of directors, but how long it will last is anyone's guess.... In an ideal world it will last long enough for the sector to start to improve, so buying at the bottom would make sense.... The question is how low can it go/where is the bottom?....

[beergut] 21/7/2015 16:28

Would be nice

[drh3] 17/7/2015 21:22

Thanks for confirming someuwin. I know see why mtr think this is very undervalued...if the spread was lower I would be tempted to load some more...

[someuwin] 17/7/2015 20:10

Yes - it does look like a very interesting situation...

"As at Q1 2015 the Company had net assets of $20.3 million ($21.1 million as at December 31, 2014) of which $6.7 million was cash and cash equivalents ($7.6 million as at December 31, 2014)."

[drh3] 17/7/2015 19:42

Am I right in thinking that they have 6 million dollars in the ban yet the company is currently valued at 3 million pounds? Does not compute....

[someuwin] 17/7/2015 09:06

Zak Mir talking of 2.5p target.

[apfindley] 16/7/2015 15:42

IRG is next one

[lazygun] 16/7/2015 15:19

Bam bam - please point me to the RC's where Mtr sold their Eua holding? As fas as we're aware, Mtr still have the Eua shares.....

Kobo mining -Mtr still hold a significant holding,

New world -again still retain close to 3% and only sold what they did because of the unusual activity in new - they made 5 times their original investment, and this has now been settled, so Mtr have received those funds now.


Arians - not exactly sold their majority holding have they?

Not sure therefore whether you're scaremongering or not, but your assertions are certainly questionable, and more importantly aren't positioned contextually speaking very well either........




L.

[drh3] 16/7/2015 14:20

I would say that is correct. Makes me think something must be happening here soon.... I may not have my finger on the pulse in the city, but mtr seem to. Bought some here today on this assumption...... DYOR and all that

[bam bam rubble] 16/7/2015 14:09

Is it fair to describe MTR's holding period as short term?

Dec 2014: bought 30m Eurasia, now all sold
Dec 2014: bought 10m Kibo, nearly all sold a month later
Apr 2015: bought 47m New World, sold 29m two weeks later
Q1 2015: bought 19m Ariana, Q2: sold 5m

[someuwin] 16/7/2015 13:51

Knowing the way MTR operate, they wouldn't have taken a stake here if they didn't expect an imminent event to have a significant effect on the share price

Therefore: Expect good news here very soon - imo.