Uruguay Mineral (SEE LSE:OMI) Share Discussion Threads

[corrientes] 12/10/2009 08:16

Its invariably been at 7.00am GMT, but not always.

[themoneymonster2] 12/10/2009 08:13

Results due today. What time do you think?

[leaderzzz] 11/10/2009 22:42

Thanks guys, just a few more indicators for me.....

I thinks its a buy in the morning.....
so if ok, i will join the crowd :)

lee

[robson1974] 11/10/2009 22:36

we all know the potential here, if (maybe big IF for people who trade on hindsight and have no forward vision) management deliver the stock is trading on about 1x cashflow and both earnings and the rating have room to grow substantially maybe by a multiple each and thus gives multi-bagger potential

that's the fundamentals, the chart suggests a breakout could also see multi-bagger potential

i now own FVX and UME

[wimbled] 11/10/2009 19:34

Chartist describe the current graph entering its 3rd cycle. This is often represents the strong movement in price.

Looking at 70p short-term, fairly reflecting reserve update, recent capital investment in new equipment and upside in gold price.

Experts forecast POG at $1350 near-term and $2000 within 4 years. Infact the next bull market will be in commodities.

At POG $1350 and production cost $700 = $650 margin per oz. At 60,000 oz per annum is £26M operating margin.

At POG $2000 is £49M operating margin.

Not bad for a company valued at £17.6M

So full your boots.

[leaderzzz] 11/10/2009 13:29

morning

having a browse over these, any ta's on this would be of help..

I am showing a floor of 34p and next resistance of around 45p
there after 61p as next shelf...
is this in line with anyone elses predictions or am i off track?

very keen on UGY after looking at comparables within the mining..

any views are most welcome


lee

(edit) not worried too much about time scale... looking for around 6-12 months investement

[kooba] 10/10/2009 18:59

not impossible ugy have left themselves open to a takeover with their "merger" proposal,someone larger could well step up to the plate and go for the company as a cash cow to to provide 5-6 years funding for little upfront outlay especially if they use paper.there would have to pay a significant premium but would prove an interesting idea for a well managed and well supported company within a few years of a major producing prospect.

[protean] 10/10/2009 10:54

"Another with a lot of upside potential from a technical perspective is Uruguay Minerals (UGY). The shares have been quietly consolidating gains since their last high volume surge in September and should they move upwards from current levels at 37 to buy and break above the last swing high, there is a lot of upside to go for."

[malcolmmm] 09/10/2009 23:52

Well they are generating cash at a rate of £10m per annum and no dept and new reserves at Arenal Deeps should increase the life of the mine by a further 300,000 ounces with average cost of production dropping to $550 per ounce or £20m p.a. profit
I'm in..... far to cheap with gold at present levels, AGM next week so lets see what happens

[qpwoei102938] 09/10/2009 22:55

I know what you are saying Steg - on the face of it it looks that way.

My take is that maybe other "local" information is known which we are not privy to.

[stegrego] 09/10/2009 22:47

Seen this bandied about the boards so thought would check it out.

On the face of it appears cheap, but limited resource, declining production and increasing costs dont bode well.

If gold stays here or gets higher then it looks good i guess, at least short term.

Dont like the look of the 'merger' though. The grades are very poor compared to most decent mines. Will cost a fortune to get the stuff out of the ground.
Might be 2 million ozs but if it costs $1000 to get it out the ground its not worth it.

Looks like a fairly desparate move to me.

[qpwoei102938] 09/10/2009 22:32

There's definately something in the air.


vbrs


Phil Collins

[kooba] 09/10/2009 22:18

Price Change % Change Volume Day High/Low
0.63 +0.08 +14.55% 40,863 0.64/0.59
0.63 Canadian dollars = 0.380180464 British pounds

[qpwoei102938] 09/10/2009 20:14

Something is on the cards.


vbrs


Paul Daniels

[wimbled] 09/10/2009 16:28

tsx:ume up 16%

36p vs 37.5p

looking good

[malcolmmm] 09/10/2009 16:10

I wont be selling these when they are 100p good play on gold which will soar imo when inflation kicks in

[themoneymonster2] 09/10/2009 16:04

That's better!

[qpwoei102938] 09/10/2009 15:41

Something is brewing imo.


vbrs



Typhoo.

[qpwoei102938] 09/10/2009 15:26

Something's cooking imo.


vbrs


Jamie Oliver.

[blowitall] 09/10/2009 15:19

What is the ID

[wimbled] 09/10/2009 15:17

TSX:UME up 9.1%

Equals 35p vs 37.5p

Canada ahead of us. At last. I expect a re-rating.#

Experts are suggesting POG towards $1350.

Very bullish for UGY.

[themoneymonster2] 09/10/2009 10:32

Fron EK today:

Uruguay* (UGY) has its AGM next Tuesday. I trust that encouragement for Arenal Deeps will emerge. And some costs and dates. The ID has been discussing the company's latest acquisition with management and will be meeting the managers next week. While he does not possess my degree of geological expertise we may hear his views here in due course. One can hardly wait...