The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Hall is, that is 209 k cash burn per month. Let’s call that 1.8 m . We are nearly 3 months down the road so your 600 k is gone plus another 100 k . So about 1.2 m left by end of this month.
If it wasn’t for those pesky decimal points eh.
Good point Rob,
Let's waste another 3 months to change the name as Orosur Gold, Orosur Tin, and Orosur Lithium 🙄🤔.
In the same way that to be successful in sales all you need persistence, to be successful in the share markets you need patience. We're not really expecting any announcement until the end of April, so there's no point in getting agitated about it. If it comes sooner then great, and it could come anytime, but the best thing to do now is wait. No one seems to be selling, that tells us all we need to know, there's some fun on the way!
Come on ISA people...number of people at placement overhang park are waiting for you to join the grand circus of Orosur Gold.... :)
We need some excitement back in this share. Sitting here twiddling our fingers waiting’s for this rns. I wonder how many people are checking for that rns at 7am every morning?
When it moves it moves we know but it’s just all this waiting. Averaging just under 20p I need this gold train to leave the station.
Definitely need to change name to Orosur Gold like dot.com companies they all flew on nothing some sold for 100s of millions and had nothing.
At least we have gold in them hills. me bhargav gunna invest in a few shovels and pans and heading out to Columbia to help brad and team do some sampling. lol
Gold 2361 atm still could hit 2535 this year and a bit more silver 28bucks heading to 30.
All looking good for this bull run.
Brad does need to change the name of Orosur Mining to Orosur Gold, after all, omi stopped being a miner 6 years ago.
In terms of the gold price, we might get a pause at ,$2,500 en route to $3,000 this year. Its an historic breakout. Nothing but fresh air ahead.
Gold another new ATH again today.
Very wise words from Brad. He knows the gold rush has started and hard cash is beginning to flow in the direction of hard assets.
Just as we recently had the AI boom with companies all rushing to add AI to their narrative the same tactics will follow with precious metals and the king of them is gold.
In these terms OMI is hitting the ground running having 100% of Anza with ground operations well developed complements of Newmont and Agnico and many thousands of metres already drilled
People can't be bothered, and understandably so as the good bag holders has let us down so many times.
If only any of those silly tweets translated into purchasing interests.
Orosur "Gold"!
Basically Anza ain't no hype train, Apta showed the goods, Pepas has shown the goods and will do further and just wait til we get to the proper stuff!
He seems to think Orosur stands out from the rest, time will tell but that is also why I am here. Still no retrace from gold, look good. By the start of next week we’ll be half way through April. Time waits for no man. The share price is holding up well, interest should hopefully build from week commencing Monday 22nd April. Wiser to do the buying now in my opinion.
No, sounds entirely sober to me.
Is Brad drunk again ?
"All metals have their highs and lows, but nothing like a gold run to get the blood flowing and the chattering classes chattering.
It is welcome of course, but we will as always err on the side of caution and not let the froth and bubble distract us.
No doubt we will now see a slew of junior miners suddenly change their names to include "gold" in the title. We will see them all scramble to find some gold project to whack a hole into. We will find that almost all of these will have been around the block a few times and seem to get wheeled out every time the metal price bobs its head up.
But ours were in place before anyone cared, and have yet to complete their first lap of the block. Having that head start, as much by luck as design, may give us an edge - we shall see."
Much has been made of salary but in fact the median salary for aim directors in 2024 is 363k. Brad's earning although high for the average person are less in comparison to his peers. Gold price rising, about to start drilling on one of the most potentially juicy plots in Colombia/ South America with a walk up target. What is not to like. Seems to be holding well around these parts which is great l. Closer it gets to the end of the month, without an RNS we probably will see more interest/ volume picking up.
500k raise and Brady boy's salary is 214k us dollers he best not be giving him self a oay rise 😄 🤣 😂
Company had $1.77M as at 30th Nov and $1.72M/£1.36M as at 26th Jan, that's c$25K /£20K cash burn per month - ref RNS'
Add the £500K (before expenses) gives a total of £1.86M as at 26th Jan. £60K expenses upto end April leaves them c.£1.8M in cash today.
Based on burn rate thats plenty to cover corporate overheads and the shallow drilling. I expect any raises will now be after deal signing and a few holes in the ground at which point the SP will be considerably higher. Based on these figures placing is not a concern in the short to medium term.
Even with a raise or jv if they hit the spot gold is way higher now than when this share was 20p.
Fair play wolfy no denying you want in cheaper so do i haha, just can't decide on what price if it had a wee drop to 4 I would be very happy drops below I will just buy
I'm just waiting to top up, but I'm going to risk a good bit here for me but that's my choice, I agree about what your saying on a raise, I'm hoping praying they don't shaft us on it when ever it comes, but with a few drills and some good results I can't see why we wouldn't be at previous levels off share price before the rails got a bit wobbly, unless im missing something and if iam please inform me thats why we are here to help each other out.I'm willing to hold on to this one this year see where she goes. GLA that's unless for some reason it go ballistic in short term 😄 🤣. Also its only up about 100 percent from lows
Tj, cash raises are part and parcel of explo companies. However whether it is good or not is dependent on the usage of the cash. The cash burn has been pretty heavy during care and maintenance . The recent 9% raise for 500k less costs cannot be considered good and will cover running costs literally for a few months. The jury is still out as far as I am concerned as to how cash raised will transfer to drills in the ground and share price rise. There are plenty of examples of aim explorers diluting holders to oblivion. Here’s hoping this will be different . Prepared to take a punt but no blank cheque for me. First sign of fluffing and I will be out.
Lots of same same comments at mo. Sp will remain below 4.5 and steady until the Herd arrives. Roll on the rns to confirm hand over and let’s drill drill drill
Looks like sentiment here is finally changing, some good well thought out posts but omi holding it's gains, drilling starting in May, Brad in charge again(he knows where the sweet spots are for sure) not long now till may, I would assume last week of April will be good so sp could and should be a lot higher than now, that's why I believe peeps are stacking up now while it's still on the floor, just my view gla and best of luck we sure need it.