We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Uruguay Mineral (SEE LSE:OMI) | LSE:UGY | London | Ordinary Share | CA9169091043 | COM SHS NPV |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 33.00 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 33.00 | GBX |
Uruguay Mineral (SEE LSE:OMI) (UGY) Share Charts1 Year Uruguay Mineral (SEE LSE:OMI) Chart |
|
1 Month Uruguay Mineral (SEE LSE:OMI) Chart |
Intraday Uruguay Mineral (SEE LSE:OMI) Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 11/10/2012 | 14:23 | Uruguay Mineral Exploration AIM:UGY / TSXV:UME | 17 |
| 14/5/2010 | 14:16 | Uruguay Mineral Exploration | 3,392 |
| 20/9/2006 | 19:37 | Uruguay Mineral Exploration | 48 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 11/10/2012 14:23 by bushtuckaman Yasx, you will wait a very long time for an apology regarding my opinion you use of multiple usernames on advfn. It seems I'm not the only one to suggest it either, post 9664 by zangdook on the current OMI bb seems to be of the same opinion, albeit not using the usernames I think you've used previously.In reply to your last post on omi bb 'yasX 11 Oct'12 - 12:47 - 9667 of 9668 ...Your definition of a few years equating to two years is absurd....' yasx, plz show me where I stated my definition of 'a few years' as 2 years? Lets stick to the fact plz. What exactly is your definition of the 'past few years' yazx? 'yasX 11 Oct'12 - 12:47 - 9667 of 9668 As regards the dividend, I am firmly of the opinion you will be proven wrong.....' Proven wrong? I stated in March that the talk over the previous 6 months on the bb calling for a divi was nonsense. A divi wasn't paid last yr and we haven't had one yet this year. so I was RIGHT! It was never on the cards. Going forward from here, when capex drops and cash reserves build is a different story. But at that time a divi was never possible. 'yasX 11 Oct'12 - 12:47 - 9667 of 9668 OMI has over the past few years failed miserably when compared to other producers.' yasx, thats not the case though is it.... look 1yr 2yr 3yr 4yr edit Yasx, for clarity, GDX is an etf which tracks a group of gold mining companies |
Posted at 10/1/2010 20:26 by stevea171 SF. I prefer producers to non-producers, so that rules out KYS. Decent profits should be made in 2010 with a gold price above $1100 by both UGY and VGM as opposed to cash burn by KYS and others that are explorers or at development stage, not yet in production. So there is certainty of cash flow v's delays/problems/cash raising/cash burn of production start up.UGY (OMI) and VGM are both debt free, unhedged and undervalued with production and exploration upside. Imo either UGY or VGM would be a decent investment with the possibility of doubling (or more) based on business development this year without any further increase in the gold price. If gold goes to $1300-1500 or more, the sky's the limit ... If you can't decide suggest you invest in more than one. |
Posted at 07/1/2010 17:07 by robson1974 Uruguay Mineral Exploration Inc. and Fortune Valley Resources Inc.Announce Completion of Plan of ArrangementChange of Name from Uruguay Mineral Exploration Inc. to Orosur Mining Inc. MONTEVIDEO, Uruguay and Vancouver, British Columbia - Uruguay Mineral Exploration Inc. ("UME" or the "Company") (TSX-V: UME; LSE:UGY) and Fortune Valley Resources Inc. ("Fortune Valley") (TSX VENTURE: FVX) today announce the completion of the previously announced plan of arrangement (the "Arrangement"), pursuant to which UME has acquired all of the issued and outstanding common shares of Fortune Valley in consideration for 0.4534 of one UME common share plus C$0.001 in cash for each common share of Fortune Valley. David Fowler, Chief Executive Officer of UME stated: "The completion of the Fortune Valley acquisition is a major milestone for UME in improving the Company's growth profile in a recognized mining market such as Chile. Our exploration team has been established in Chile and drilling is planned to commence on the Pantanillo project during January 2010". The Arrangement was carried out pursuant to the provisions of the Business Corporations Act (British Columbia) and was approved by the Supreme Court of British Columbia and the affirmative vote of Fortune Valley's shareholders at a special meeting of the shareholders held on December 29, 2009. Pursuant to the Arrangement, UME acquired 34,772,025 issued and outstanding common shares of Fortune Valley (representing 100% of Fortune Valley's outstanding common shares) in consideration for the issuance of 15,765,638 common shares in UME and cash consideration in the aggregate amount of C$ 34,772. In addition, holders of Fortune Valley options are entitled to receive 1,008,815 UME common shares on exercise of 2,225,000 Fortune Valley options. The Fortune Valley common shares are expected to be de-listed from the TSX Venture Exchange shortly after the date hereof. Application has been made to the London Stock Exchange for the 15,765,638 new common shares in the Company issued pursuant to the Arrangement to be admitted to trading on AIM. It is expected that admission will become effective and dealings in the 15,765,638 new common shares will commence on AIM at 8.00 a.m. GMT on January 8, 2010. As a result of this issue of new shares pursuant to the Arrangement, the Company's share capital consists of 64,432,706 common shares. The Company does not hold any shares in treasury. Holders of Fortune Valley common shares are reminded that, in order to receive the consideration to which they are entitled pursuant to the Arrangement, they should properly complete and execute, as soon as possible, the Letter of Transmittal delivered to them in connection with seeking the approval of the shareholders of Fortune Valley for the Arrangement, and present and surrender the certificate(s) representing their common shares in accordance with the Letter of Transmittal, to Computershare Investor Services Inc., the depositary for the Arrangement, at the address indicated in the Letter of Transmittal. Fortune Valley shareholders who have any questions or require more information with regard to the Arrangement or the receipt of UME common shares should contact: Computershare Investor Services Inc.100 University Ave.9th Floor, North TowerToronto, Ontario M5J 2Y11-800-564-6253 (toll free in Canada and the United States)514-982-7555 (international direct dial) Change of Name to Orosur Mining Inc. Following the passing of the resolution to change the name of the Company to Orosur Mining Inc. at the Annual General Meeting held on October 13, 2009, the Company is pleased to announce that the common shares in the Company will commence trading under the name Orosur Mining Inc. with effect from January 8, 2010 for shares quoted on the TSX Venture Exchange and with effect from January 11, 2010 for shares quoted on the AIM market of the London Stock Exchange. The new TIDM of the Company on the London Stock Exchange and symbol on the TSX Venture Exchange will be 'OMI'. The new ISIN will be CA6871961059. The Company's website address will remain as www.uruguayminerals. David Fowler, Chief Executive Officer of UME stated: "The change in name to Orosur Mining Inc, reflects the broader focus of the Company on South America gold development rather than in Mineral Exploration in Uruguay. |
Posted at 29/11/2009 18:20 by stevea171 No takers to my question?Here are my calculations based on current company guidance, POG, etc. Uruguay Minerals (Orosur?). 09/10 Full year actuals/estimates: Q1 actuals: Production: 13,173 oz Sale price: Av $912 Revenue gold: $12,014,000 Silver credit: $484,000 Total revenue: $12,498,000 Q1 result: loss ($2.2 million) Q2 estimate: Production: 15,000 oz giving 28,200 oz for H1 (full year estimate 60,000) Sale prices: Sept $1000, Oct $1050, Nov $1100, av $1050 Revenue gold: $15,750,000 Silver credit: $500,000 Total revenue: $16,250,000 (increase of $3.75 million cf Q1) Cash cost: $750 Gross profit: 15,000 oz x $300 = $4.5 million Amortisation and depreciation: $2.5 million/qtr ($10 million full year estimate) Capex: $2.3 million ($1.7 million exploration as Q1, $0.6 million other) Cash balance: $10.3 million (Q1: $8.1 million) Result Q2: profit of c. $1.6 million, based on implied charges/costs Q1. To be announced January. Half 1 result: (loss) $0.6 million The good news is that after 6 quarters of losses, Q4 07/08, Q1-Q4 08/09, Q1 09/10 UGY should make a profit in the current quarter but probably not enough to bring H1 into profit after the $2.2 million loss in Q1. Expect a small H1 loss, followed by a decent profit for the full year if production and cost targets are met or near met and gold stays above $1050. Q3 result: Production: 15,800 oz Sale price: Av $1100 Revenue gold: $17,380,000 Q4 result: Production: 16,000 oz Sale price: Av $1150 Revenue gold: $18,400,000 Full year: Gold sales: $63.55 million Silver credits: $2 million Royalties and taxes: ($2 million) Operating expenses: ($44 million) Amort. & Depreciation: ($10 million) s/t: $9.5 million less capex write down Provision: ($1.0 million) for exploration. plus recoveries (sale of Montevideo office): $2.2 million General and Admin: ($3.0 million) Income before tax: $7.7 million Tax: nil due to tax credits from past losses. Estimated 2009/10 profit: $7.7 million (Half 2: profit c. $8.3 million) Shares in issue: 48.7 + 16.9 (Fortune Valley) = 65.6 million Shares in issue (av): 57 million Earnings/share: 13c (8p) Share price: 35p Price/earnings ratio: 4.4 If share price rose x 4 to 140p, forward P/E rating would increase to 17-18 which would bring it more in line with its peers in the Junior gold producers sector. Estimated 2010/11: Profit: $12.2 million (60k oz production, $1125 av gold price) Earnings/share: 18c (11p) Price/earnings ratio: 3.2 Gold Junior sector P/E: average for a small-cap producer is 27 for CY2009 and 19.9 for CY2010 (Kitco). |
Posted at 25/11/2009 22:34 by stevea171 As a result of gold becoming a regular news item eclipsing previous records, there is likely to be a lot of money sitting on the sidelines that could move into gold and gold miners but is waiting for the gold price to correct to give a cheaper entry point. The gold price has had minor corrections at $1050, $1100, $1150 but is continuing on up to likely $1200 and above in coming days and months ($1190+ as I write).If there is no major correction by Xmas, I expect the New Year tip sheets will be full of gold miners as investments that will be expected to announce sharply higher profits from the uncorrected gold price. These 2010 tips will likely include UGY as a minnow but one of the cheapest entries with full exposure to the gold price as it is an unhedged producer in a turn around situation. The next month or two could see a rerating here and at other gold miners that have been largely overlooked so far with the main interest in the large cap gold miners and those whose attractions are obvious but whose share price is largely up with events. In searching for value, there is likely to be a wave of catch up for some of the smaller gold explorers and producers that have so far missed the party. |
Posted at 23/11/2009 12:52 by stevea171 Atlantic. Hope you are well.Imo UGY has not lost its 'dog' tag from when it went sub 20p a while ago. The market is hesitant to give it a proper rating until it is more sure the problems are behind it. News like the Fortune Valley merger was well received but the final proof that the company has turned the corner will be in production figures and profitability. PS. I would expect the UGY share price could at least double from here by the end of January if the gold price remains strong and Q2 results are favourable. Re MCR I assume no news on Meekatharra means any deal will not be considered a particularly good one, hence the news coming out has been on Copper Flat, uranium stake etc. |
Posted at 19/11/2009 12:45 by qpwoei102938 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. |
Posted at 11/11/2009 17:46 by adam Thanks. Have OCR'd them below - please check against originals (esp figures) as OCR not infallible...Uruguay Mineral Exploration (UGY LN) CORPORATE SP: 33.75p, Mkt Cap: £16.55m Proposes business combination with Canadian Fortune Valley Resources (FVX.TSVX), 0.457 UGY shares for every FVX Share Designed to gain access to large Pantanillo gold project in Chile, with potential for over 3m ozs Offers the opportunity to leverage the company's current production and cash flow with a large development project, and remove concerns of its future UGY has announced that it has proposed a business combination with Canadian listed Fortune Valley Resources (FVX.TSVX), whereby UGY will offer 0.456 UGY shares for every 1 FVX share. FVX shareholders would hold approximately 25% of the combined entity. The basis of the deal is to secure access to the Pantanillo gold project that FVX has simultaneously announced it has acquired from Kinross Gold. The Pantanillo project sits within the well endowed Maricunga Gold belt of Chile, that contains numerous multimillion oz gold projects operated by major companies and it is indicated that Pantanillo potentially contains between 2-3moz of gold. The Pantanillo project was previously explored by Anglo Gold and Kinross, but on the basis of internal studies was not considered of sufficient size potential to meet the requirements of those very large companies. Both of these companies, because of their size, use their own internal assessment criteria rather than being compelled to carry out assessment to 43- 101 or JORC standard. Therefore while the Pantanillo project is not yet NI43-101 compliant, we would expect it to be very close to compliant, and be able to be brought up to standard quickly. UGY has suffered of late by virtue of being perceived as a gold miner in decline - reducing production, increasing costs, and limited resources - as its main project in Uruguay was coming to an end and exploration in the region had not been able to bring new resources into the company. We would therefore see this transaction as potentially company changing. The resource potential is large, and peer comparison from other mines in the area would suggest the ability to be within the median part of cost curve, thus offering the potential to lift UME back over the +100,000oz pa level in the medium term. The transaction would seem well structured in that there is little cash outlay, and the near term assessment requirements are within the company's current cash resources. The requirement for additional equity has been raised to take the project forward into construction, but we would not expect this to be required until later in 2010. The transaction is subject to various approvals, but the agreement of both boards and the provision by UGY of a convertible facility to assist FVX to complete its transaction would seem to suggest the deal has a high chance of proceeding. While the technical details of the project remain to be revealed, we see this as a positive move. Gold resources are not cheap to come by in this market, but the company would seem to have potentially increased its resource base by 10x in one transaction with little near term risk. The transition to being a debt-free, unhedged producer with a large project on the drawing board, could see the company rerated. Uruguay Mineral Exploration (UGY LN) CORPORATE TP: SP:39p, Mkt Cap: £19m Quarterly results, Q1 2010. Shows a loss, but this is largely due to stripping costs that were budgeted for 01 that have now been completed; costs should decrease from now. Forecast production for 2010 is 60,000oz, with the company aiming at an average cost of c$7301oz. New drill results from Arenal Deeps are thicker and higher grade than the previous resource estimate, giving comfort that the recalculation of the resource The company's Q1 2010 financial report to end August 2009, shows 13,173oz produced at a cash cost of $880 per oz. With an average price of only $912/oz, during this period, the result is clearly cash negative. However, the company has stated that this result is largely a result of increased stripping that was required and budgeted during the quarter, to enable mining operations to access higher grade ore for the remainder of the year. This is standard procedure, and one of the problems with quarterly reporting for small mining operations. The company has provided guidance that it remains on track for annualised production of 60,000oz at a cash cost of c$730/oz. In addition, UGY has released new drill results from Arenal deeps, showing higher grades and thicker intersections that had been previously used in the resource calculation in April 2009. Drilling will continue until Jan 2010, with a target to produce a new resource figure by June 2010- we would expect a substantial increase in ozs and decrease in costs. The operations in Uruguay are clearly high cost with a limited remaining life. These quarterly results are somewhat skewed by the timing of capex and waste removal costs over the course of the year that can make a negative impact on quarterly numbers. but we remain confident that the operation remains on track to produce its budgeted numbers, which when coupled with recent cost saving measures, should see the company generate a healthy cash flow going forward. In the longer term however, the company has taken steps to establish via acquisition, a larger resource base that could underpin its growth in future. We would perhaps expect some price weakness on these results; however, we would view the company as a leveraged gold play, fully exposed to the higher gold price with expansion options, and so a cheap entry to large ozs. |
Posted at 09/11/2009 08:18 by stevea171 Uruguay Mineral Exploration and Fortune Valley Announce Proposed Business Combination Uruguay Mineral Exploration Inc. ("UME" or Company") (TSX VENTURE:UME) (LSE:UGY), and Fortune Valley Resources Inc. ("Fortune Valley") (TSX Venture Exchange: FVX) announce today that on November 8, 2009 they signed a definitive arrangement agreement (the "Arrangement Agreement") to combine their respective businesses (the "Transaction"). In connection with the Transaction, UME has agreed to acquire all of the issued and outstanding common shares of Fortune Valley. The Transaction will be structured as a Plan of Arrangement between UME, a wholly-owned subsidiary of UME and Fortune Valley. A copy of the Arrangement Agreement will be available on SEDAR www.sedar.com. The Arrangement Agreement replaces the letter of intent that was previously announced by the Company on October 5, 2009. Compelling Business Combination On completion of the Transaction, the combined companies will move towards both companies' strategic objective of creating a more significant Latin American focused gold producer with: UME's gold production profile of at least 190,000 ounces over the four years to May 31, 2013 from open pit operations at the San Gregorio mine in Uruguay with the potential to significantly improve this profile and reduce cash costs with the development of the Arenal Deeps underground deposit. Fortune Valley's optioned Pantanillo property in the Maricunga Belt in Chile from a subsidiary of Anglo American Plc. Historical drilling has identified a potential mineral deposit on this property as announced by Fortune Valley in a news release dated October 5, 2009. A planned exploration and development program targeting the definition of a NI43-101 compliant mineral resource is expected to commence within three months of closing of the Transaction with the objective of creating a second production asset for the group. Further growth potential from the combined group's exploration portfolio in Chile and Uruguay including the Anillo project in Northern Chile which is along strike from the El Peñón mine operated by Yamana Gold Inc. The combined group would have no debt and no hedging, with approximately $US 8 million of cash. David Fowler, Chief Executive Officer of UME stated: "We are pleased to have signed this agreement with Fortune Valley and expect to complete the Transaction in December 2009. The Transaction combines UME's production profile with Fortune Valley's development and exploration projects and is expected to put the combined companies on a renewed growth path". Highlights of the Transaction The acquisition will be satisfied through the issue of common shares in UME at an exchange ratio of 0.4534 of a UME share and $C 0.001 for every one Fortune Valley share, representing a purchase price of approximately $C 0.23 per Fortune Valley share valuing Fortune Valley at approximately $C 8 million. Following the Transaction, UME would have approximately 64.5 million common shares issued and outstanding, with former Fortune Valley shareholders holding UME common shares representing approximately 25% of the issued and outstanding common shares of UME. Fortune Valley would be a wholly owned subsidiary of UME. The Transaction was unanimously approved by the boards of directors of UME and Fortune Valley. The current CEO of UME, Mr. David Fowler, will remain CEO of UME and the Board of UME will remain unchanged. The directors and officers of Fortune Valley will resign on closing of the Transaction and will be replaced by nominees of UME. Blackmont Capital Inc. has advised to the board of directors of Fortune Valley that, subject to final documentation, the proposed Transaction is fair, from a financial point of view, to Fortune Valley shareholders. The Arrangement Agreement includes a commitment by Fortune Valley not to solicit or initiate discussions concerning alternative transactions. Fortune Valley has agreed to pay a break fee of US$ 300,000 in certain circumstances related to a superior proposal. Closing Completion of the Transaction is expected to occur before December 31, 2009, and is subject to customary conditions, including the receipt of regulatory and court approvals and the approval of the Transaction by Fortune Valley shareholders at a special meeting of shareholders called for such purpose to be held on or about December 11, 2009. UME shareholders are not required to vote on the transaction. Certain Directors of Fortune Valley, holding approximately an aggregate of 30% of its outstanding common shares, have agreed to vote their shares in favour of the Transaction. There can be no assurance that the Transaction will be approved by Fortune Valley shareholders or that any transaction will be completed as a result of the execution of the Arrangement Agreement. |
Posted at 28/10/2009 10:20 by daz At the moment with FVX closing at 18c to buy, it converts into UGY at just under 23p. It's clear there's no reason to buy the UK shares when you can buy them at a discount by buying FVXGiven the current market uncertainty, FVX could quite easily fall again, which will put further pressure on the UGY price. |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
