Uruguay Mineral (SEE LSE:OMI) Share Discussion Threads

[robson1974] 23/11/2009 10:55

I think given the amount of cash they are generating UGY/UME should probably issue a special dividend, if they pay shareholders back half the current market cap I think the market would start to take notice

[shanksaj] 23/11/2009 10:37

I could bear it no longer. Bought another 10000 on IG Index and 10000 with TD Waterhouse as well in last half hour. The price has lost touch with the real world.

[rivaldo] 23/11/2009 10:16

Good to see UGY on the move again. A little decent news flow in the next few weeks could go a long way share pice-wise.

[robson1974] 23/11/2009 09:24

UGY/UME potential for them to have $20m+ of cash at year end in May 2010 !

( assuming average gold price during financial year of 1050 gives $22m
& assuming average gold price during financial year of 1150 gives $28m
& assuming they hit 60k oz production target)

current Market Cap just £17m

slide from October 2009 AGM presentation :-

[stevea171] 23/11/2009 08:36

Skidaddle. Agree with you we could get the monthly drilling report this week followed by the second quarter production and cash balance early December.

[stevea171] 23/11/2009 08:10

No pullback. Gold is off again!
UGY has a lot of catching up to do ...

[ragpicker] 23/11/2009 01:22

UGY is no MML/CEY/NGL But just look at market cap. £17 million !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Unbelievable. MM's please walk this down to 30p. Money ready and waiting.

[robson1974] 22/11/2009 23:11

good start to the week

opening gap in gold +6$ to 1156.+

[skidaddle] 20/11/2009 11:52

We were getting monthly drilling reports before the merger/takeover took place. Now they have stopped.

Could do with an update.

[thx1138] 20/11/2009 10:21

It's one of the weirdest looking charts I've ever seen, don't know what to make of it but this is one of the few stocks that I trade.

Trying to decide whether the 50 day MA we're about to hit is going to provide support and a reaction up.

[currypata kai] 20/11/2009 10:06

thats an ugly looking chart if ever i saw one...

[stevea171] 19/11/2009 22:16

Is $6,300 fair value for gold?
By Ambrose Evans-Pritchard. November 19th, 2009

The last parabolic spike in gold took off when central banks joined the fray in the 1970s, hoarding bullion with the same enthusiasm as gold bugs.

Dylan Grice from Société Générale says it smells much the same today. He sees an eery similarity between the decision of India's central bank to buy half the IMF's entire sale of gold, and the move by France's central bank to start converting dollars into gold in 1965 - which was, of course, the start of the slippery slope leading to the collapse of Bretton Woods and the closure of the US gold window under Nixon.

In the gold mania that followed, the price rose to levels that matched the US dollar monetary base (it reached 140pc at the peak). If that were to occur today after Ben Bernanke's go at the printing press, gold would have to reach $6,300 an ounce. The US owns 263m ounces of gold while the Fed's monetary base is $1.7 trillion. Simple equation.

[adam] 19/11/2009 18:31

Worth looking at the AGM presentation



San Gregorio Operations – Business Plan
Production target of 60,000 ounces per annum:
• Existing Open Pit Reserves – bulk lower grade, higher cost
• Arenal Deeps – higher grade, lower cost will progressively improve


As I mentioned. The strip ratio is going to be much lower at Pantanillo, so the in-ground value should be higher and profitable at lower gold prices. 1:1 as opposed to 6:1. Just look at the amount of pit waste mined verses ore mined at San Gregorio over the years

[wimbled] 19/11/2009 16:56

Read last RNS, production 190,000 oz over 4 years is the target. Therefore based production on 47,500 oz per annum.

[qpwoei102938] 19/11/2009 12:45

Crazy, crazy share price for such figures.

We should be on a multiple of the current share price, but not complaining as I have been adding for the last few months.

[robson1974] 19/11/2009 12:39

additional net cash potential compared with their assumptions at current gold price on a full year production of 60k is $18m or £11m or about 20p per share

[adam] 19/11/2009 12:33

UGY could be valued as sum of parts at the moment. cash, production, Arenal deep, FVX. I think Fortune Valley acquisition very good as Pantanillo disseminated shallow body so will be cheap to prove up to JORC indicated (this is what Fowler told me at the AGM). At $20/oz indicated for 2m oz in-ground value Pantanillo then would cover entire fully diluted market cap of merged company, let alone anything else. On the face of it then dirt cheap despite gold being above $1000/oz.

[qpwoei102938] 19/11/2009 11:44

Nah.

These will be way higher by then.

[sporazene2] 19/11/2009 11:41

chart has a familiar look to it, I took my profits on Monday to increase my holding in AVM, may come back some time in early jan.

best wishes all

[thx1138] 18/11/2009 23:28

ihavenoclue, try this:-

[maximoney1] 18/11/2009 01:15

Looks like this is targeting 56p during second week in january....shouldn't be long till it challenges the 42p resistance once more...imo.