Orosur mining omi on tsx-v 79 cents
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Posted: Friday Apr 15 2:03:09AM 2011
Thanks Bobwins for the quick reply and very helpful comments.
Posted: Thursday Apr 14 1:14:59PM 2011
OMI issued results today. Bobwins could you take a look and tell me what you think? Are future mining prospects any clearer?
Posted: Sunday Jan 9 6:46:16PM 2011
got as high as 1.43. closed on Friday at 1.39. Not clear how well junior golds will do this year. I am underweight golds this year. If US economy continues to recover then gold may lose some of its lustre. Juniors could get hit much harder than senior producers.
Posted: Thursday Nov 25 8:31:56AM 2010
I was late getting in but I bought a few shares at .98 on Monday. I like OMI but would prefer the reserves were at one site. In fact, most are located at their next target. So to continue production, they need to go underground and the transition can be tricky. Looking forward to a go decision on going underground. Not looking forward to the PP that likely to go with it.
Projects appear solid. I like the cashflow and the prospects for better production in the second half from higher grade ore.
Posted: Wednesday Nov 3 2:02:32PM 2010
closed at 1.26 today: new high.
Posted: Thursday Oct 21 12:46:49PM 2010
insider buy by Luis Tondo, director today:
Acquired 39,000 Common Shares (Direct Ownership) at a price of $1.000 through the public market on October 21st, 2010 (Holdings Change* of >= 100%)
Insider transaction information sourced from SEDI®
good sign when an insider buys even with the run-up.
Posted: Thursday Oct 21 7:33:38AM 2010
Now trading as high as $1.06 today on good volume. Highest volume in almost 2 years.
Posted: Saturday Oct 16 1:22:06PM 2010
orosur looks pretty good.
Low grade ore with high cash costs. However, cash costs are coming down a bit and exploration results sound pretty good.
Cashflow looks like .07, which means about .30 for the forward annualized projection due to higher 2nd half production.
Very cheap for a 1 million oz resource play. Typically 10X cashflow for a producing, profitable junior so could have good upside. Bobwins
Posted: Friday Oct 15 10:18:08AM 2010
Nice block trades taking place including one by bmo for 120,000 shares. I find these events to be technically bullish signs.
Posted: Friday Oct 15 8:52:24AM 2010
The stock has moved up nicely since issuing 1st q results. Reminds me of Lamancha which went from 50 cents to 3.00 in 2 years. I am not very good at analysing gold companies so any input from Bobwins or others would be appreciated.
Posted: Tuesday Oct 12 8:26:55AM 2010
First q results. 5 cents first q. 16 cents a share cash
OROSUR MINING INC. ANNOUNCES RESULTS AND CORPORATE UPDATE FOR THE FIRST QUARTER ENDED AUGUST 31, 2010
Orosur Mining Inc. has released results for the first fiscal 2011 quarter ended Aug. 31, 2010. All figures are shown in U.S. dollars, unless otherwise specified.
RESULTS FOR THE FIRST QUARTER ENDED AUG. 31, 2010
(in thousands of U.S. dollars, except per share amounts)
Gold produced 12,937 13,173
Average cash cost (per ounce) 839 880
Average price received (per ounce) 1,216 912
Revenue 18,213 12,498
Net income (loss) for the period 3,510 (2,158)
Cash flow from (used by) operations2 5,410 30
Basic earnings per share 0.05 (0.04)
Cash at the end of the period 10,746 8,691