Register
Login:
Share:
Email Facebook Twitter




Quick Poll
QUICK POLL >
Would you like to own a helicopter?




ORE Share Chat - RSS Feed

Orogen Gold Share Chat (ORE)



Share Price: 0.06Bid: 0.05Ask: 0.07Change: 0.00 (0.00%)No Movement on Orogen Gold
Spread: 0.02Spread as %: 40.00%Open: 0.06High: 0.065Low: 0.06Yesterday’s Close: 0.06


Share Discussion for Orogen Gold (ORE)


Thread ViewThread View
Please Login or Register to post messages
Posts per page:


flyer35
Posts: 677
Off Topic
Opinion:No Opinion
Price:0.07
i
1 May '15
expect an RNS next week!
 
cookiecrew
Posts: 7,498
Observation
Opinion:No Opinion
Price:0.07
jibberjabber
1 May '15
Good post my friend gold shortage in the world
hunkymonkey
Posts: 125
Observation
Opinion:Hold
Price:0.07
jibber jabber
1 May '15
Really good article. It just goes to show that prospective and minable gold sights are beoming rare (and worth their weight in.... NO). Someone should let ed know about this finite resource. I can see a day in our lifetime when asteroids are mined. Don't tell Ed though, he's got some digging to do, before he dilutes the shares for rocket fuel!!!
jibberjabber
Posts: 562
Off Topic
Opinion:No Opinion
Price:0.07
Gold
1 May '15
Interesting article from http://www.miningnewspremium.net/storyview.asp?storyID=826948353&section=Outcrop&sectionsource=s175&utm_medium=email&utm_campaign=MNP+Standard+01052015&utm_content=MNP+Standard+01052015+CID%5Fc9b1d02b52691da1588167721e6f67dd&utm_source=Campaign+Monitor&utm_term=Goldminers+the+trend+is+your+friend

Analyst Eugene King at Goldman is not drawing up imaginary price scenarios, rather he is looking at the trend of discoveries. And he is not the first to be alarmed by what those figures show.

For example, the gold price in 2008 was still rising. The metal had begun that year at $835/oz, enough to whet the appetite of any gold explorer, and it kept climbing to near $1900/oz by 2011. Yet gold discoveries did not buck up – and, remember, the gold boom was then in its seventh year, so the mining industry had lifted its exploration game considerably. In fact, discoveries reached their zenith in 1995; that year, 140 million ounces of mineable gold were found. In 2013, the discoveries totalled fewer than 10Moz.

Goldman warns that, based on present resource figures, the world has only 20 years of the metal left to dig out of the ground.

Of course, much more gold will be found and discoveries (and increases in resources) are still occurring. But the trend is worrying, and raises a real question as to how long the world’s miners can sustain global annual production around the 3000t mark. Some say not much longer.

Let me refresh your memories of a report produced last July by US consultancy, SNL Metals and Mining. It pointed out that, in the previous 24 years, mining companies had discovered 1.66 billion ounces of gold (across 217 major discoveries). But while this was an impressive figure, that discovery total fell short of the 1.84Boz actually mined over the same period. Taking discoveries of 2Moz or more, 124 deposits with a total 1.1Boz had been found in the 1990s, but between 2000 and 2014, 93 discoveries had been made totalling 605Moz. SNL estimated that the amount of recoverable gold discovered since 1999 could eventually replace just 50% of the gold produced over that time.

And, while we’re at it, it should be noted that the gold price as expressed in US dollars is gradually losing its influence. As the World Gold Council points out, China and India account for 50% of gold demand and Southeast Asia takes another 9%. Much of these sales are settled in currencies other than the greenback and that trend will continue as more gold exchanges (Thailand wants one) and gold contracts are established in Asia. Which means gold demand will be less and less affected by any surge in the value of the US dollar.

After all, these products and exchanges would not be on the go unless there was sound reason to think that Asian demand would not only stay strong but keep growing. Which, of course, means a strain on availability if Goldman and others are right and world mine output begins
hunkymonkey
Posts: 125
Observation
Opinion:Hold
Price:0.07
jibber jabber
30 Apr '15
Any news would be positive. At least then we would know what's happening!!! As for the bank balance, what bank balance?
Bannor
Posts: 794
Off Topic
Opinion:No Opinion
Price:0.07
Own up !!!
30 Apr '15
Who raided their piggy bank this morning???
COLIWOBBLES
Posts: 6,720
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.07
View Thread (2)
RE: COLIWOBBLES
29 Apr '15
he he...more like pfffftt...!!!

2015 should improve as the season develops, but methinks 2016 or possibly even 2017 will be when this really gets into gear....but wtfdik...??....I thought 2012 was the year I retired off the back of mr sloweys frantic (ahem) efforts.....lol

all the best buddy....
jibberjabber
Posts: 562
Off Topic
Opinion:No Opinion
Price:0.07
something brewing
29 Apr '15
They have to present the financial RNS in a month. They will be trying to get some positive news out before they show the bank balance.
zainafzal
Posts: 234
Off Topic
Opinion:No Opinion
Price:0.07
CRAZY SPREAD!
29 Apr '15
She has never been this stretched, .57 vs .763 bloody mad! Even when the sell is .51 the buy is more or less .1 away!
flyer35
Posts: 677
Off Topic
Opinion:No Opinion
Price:0.07
im sure
29 Apr '15
once this getsinto the 20s massive trading volume will propell it towards 1p





Sign up for Live Prices


Home  |  Contact Us  |  About Us  |  Careers  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy


Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.