shugg1e
17 Apr 2018
Re: Im staying out Yep added to the basket list can see this folding only hope would be a breakout in the gold price.
shugg1e
16 Apr 2018
Im staying out I think its time to add this one to the basket case listNew lows hit and today's update makes dire reading only a launch of the gold price upwards of $1600 could change things but i dont see that happening this year.
TwoSporrans
16 Apr 2018
Cutting to the bone Production is now in crisis.Looks like the viable pipeline is running out.Debt $1.7-mn v Cash 1.3-mnAnd only 27k-oz pa now targeted; was 35k just 6 months back.120 staff gone since then.But 27k-oz probably won't cover the fixed costs, even with $1,350/oz POG, unless maybe exploration + dev. goes to 0 .Hence :"Directors and officers agreeing to reduce their fees and salaries by 20%."That tells you things are seriously bad.Anza isn't even close to JORC .No cashflow for that.I'd steer clear.
shugg1e
26 Feb 2018
Re: Im in - Not Yes i am looking for a re entry but agree until POG breaks that $1400 i can see this drifting back to 5p
TwoSporrans
26 Feb 2018
Re: Im in - Not So, the typical little bob up/reversal in the sp on the decent enough Anza drill news was quickly followed by further selling to new lows [8.5-9.0p spread now], despite POG remaining well above $1300/oz; rather as I'd expected.My previous post contained a 'typo'; the OMI AISC is of course running ABOVE the 200 day POG moving average; maybe less than $60/oz above now but still just as disconcerting."If the latest AISC of $1455/oz is unrepresentative because of the down time, the previous quarter's figure of $1,345/oz is only just at the recent highs for the POG and ~$70/oz below the current 200 day moving average."I'm wondering if there's a price I'd like to buy on an oversold basis but short of the POG rising convincingly above $1400/oz am struggling to justify one.
TwoSporrans
01 Feb 2018
Re: Im in - Not I concur with Mr Business.Sadly Orosur is pretty much engaged with a survival strategy and has been the past year and more; arguably since the POG dropped below the $1,500/oz level [Apr13] that underpinned it's previous growth strategy [+ proposed dividends].If the latest AISC of $1455/oz is unrepresentative because of the down time, the previous quarter's figure of $1,345/oz is only just at the recent highs for the POG and ~$70/oz below the current 200 day moving average.This is unsustainable over a prospective timeframe beyond anther quarter or 2; indeed the modest cash balance is being gradually whittled away.The reduced production from ~35k-oz-pa to 30k has to cover much the same fixed costs, whether that's for the plant [repairs/renewals], directors, exploration/dev. , infrastructure [including tailings dam] ....or whatever.So, what was a breakeven operational cost of $900/oz at 35k production will need to be under $850/oz at 30k prod.This cannot be achieved from open cast extraction; hence the recourse to underground means below the hollows of old o c pits.When I sold out my final holding [Apr 2017] I thought a POG RELIABLY above $1,400 would enable Orosur to make a come-back in Uruguay, resuming at least 50k pa from open pits but even this may be insufficient.What of Anza?Well, there's hope I guess but a long shot imho.If there is to be development and production, well at present there's:Zero PlantLittle infrastructurePermits etc?No Columbian production team.No cashflow from Uruguay to fund the above.So, even a shallow extraction of easy to leach [oxide] ores through heap leaching means is going to require several $millions just for a minimal scale production operation.Extensive exploration to prove a large, high quality, measured [JORC} resource [if it's there], will require $10's millions.High interest debt or share equity dilution?Take your pick.Might conceivably be better [safer anyway] to just do a moderate JORC, sell Anza, bag the cash and hope the POG does indeed soar .....whenever......and that cash can fund a Uruguay revival.Was contemplating a fresh buy at sub 10p but the temptation has receded on examination.AAZ remains my sole Gold mining play.
shugg1e
15 Jan 2018
Re: Im in that was only high due to the lost production cash costs are far lower so not worriedi see gold going to $3000 next 5 years
Mrbusiness
15 Jan 2018
Re: Gold rising above $1,355 now Sadly not
Mrbusiness
15 Jan 2018
Re: Im in Shruggie, the latest All In Sustaining Cost is a horrifying $1455. If you are expecting gold to hit $1500 soon then this is a great share, but I have held it a long time and I see the AISC marching up in advance of gold. The company has been hanging on by its fingernails over the years it seems to me, am I missing something, how much do you have?
shugg1e
15 Jan 2018
Re: Im in Forgotten little gem just doubled up a rally is long overdue
shugg1e
01 Nov 2017
Im in Just bought a load at 13.98p very happy with that.
gretel
01 Nov 2017
Numis initiate with Buy and 35p target Encouraging - Numis today initiate coverage with a Buy and a 35p target....[link]
gretel
08 Sep 2017
Gold rising above $1,355 now OMI should be raking in the cash now.
shugg1e
29 Aug 2017
Re: Excellent results, and gold price rising Agreed and i bought in this morninglooking for 20-22p
SR14
29 Aug 2017
Re: Excellent results, and gold price rising Agreed looks encouraging. I think with the current geopolitical situation gold is a good bet.yoursSimon
