Member Info for eldorado5

Well done and wise words. Half of my OMI messages are filtered. You've done the right thing - it really is pointless engaging with them and spending your life like the Truman show! Just visit the board on an ad-hoc basis and your quality of life will be so much better

Good advice. I've been in and out over the last 10 years and agree that the balanced discussion is much better when the known rampers and derampers and those that can't acknowledge that they are such, go quiet

What a pitiful share chat, which is so bad I have to comment! Thought I'd revisit the chat many months after my last trades in Orosur as I've made decent money on them over the years and wondered what was happening now and I read absolute nonsense from all sides. Lots of characters that have been here for years fighting each other over a share. The only conclusion I can come to is that you all actually love the discourse and friction. Each to their own I guess and we're all individuals. Anyway, I do have a nugget of advice for you all and it has turned around my trading performance so much that I thought I'd share it with you in the hope that at least one of you will leave this cesspit of a chat and turn your trading and life around in the same way it has done for me. After all, you want to make money don't you? It's very simple. Forget Orosur (to which you all appear obsessively wedded to) and other miners and put your money into Physical, Bullionvault, Physical ETF's such as Invesco physical Gold or Silver and share ETF's such as GDGB, GJGB and SILG. Learn how to trade the weekly and daily cycles and you can make a fortune in the greatest precious metals bull market in our lifetime whilst removing individual company risks and sleeping much better at night. I'll revisit the chat in another 6-12 months (for entertainment value mainly) but in the hope that at least one of you has reflected on this and taken positive action

Opens the door to someone like Blackrock or JPM to acquire billions in funds under management

Wave 1 - 5p to 45p
Wave 2 - ABC correction 17p - 31p - 20p
Currently revisiting previous resistance at 31p. Looking for this to hold and be strong support
MACD bullish crossover last week
Wave 3 - 20p to 80p?
A lot of people diss TA but Orosur's weekly is textbook at the moment and I don't blame anyone for selling at certain levels
Cautiously optimistic RNS
What's not to like?

This all sounds very positive and a key benefit of working with Agnico. Any geologist's out there who can comment on the fundamentals today?

'Possibly a more obvious and constructive comparison could made with Agnico Eagle’s own flagship VMS mine, the LaRonde Complex, (‘LaRonde’) which is located in the Abitibi region of north-western Quebec. The experience Agnico gained from working with such mineralisation is now providing Orosur with important guidance regarding next steps to be taken. Alternatively, further south the Romero Gold Project (‘Romero’) is a gold and copper resource development that has intermediate sulphidation epithermal style mineralisation located in Dominican Republic’s Province of San Juan. Owned by GoldQuest Mining Corp., Romero is presently at the permitting stage to construct a 2,800 tonne-per-day underground mine.
LaRonde Complex Comprises a VMS gold-rich deposit with lenses formed mainly by sulphide precipitation from hydrothermal fluids on the seafloor and by replacement below providing gold-copper and zinc-silver mineralization that occurs in the form of massive and disseminated sulphide lenses. The stacking of the LaRonde lenses is the result of successive volcanic events, intercalated by cycles of hydrothermal activity associated with reactivation of synvolcanic faults. The presence of silver and base metals adds considerably to the value of LaRonde’s gold ore, reducing the total cash cost to produce each ounce of gold on a by-product basis. LaRonde has produced over 6 million ounces of gold since it opened in 1988. LaRonde’s 2.2-km deep Penna Shaft is now the deepest single-lift shaft in the Western Hemisphere. Five different mineralized horizons are known to exist adjacent to the Penna Shaft; zinc-silver mineralization with lower gold values, common in the upper mine, grades into gold-copper mineralization within the lower mine. The predominant base metal sulphides are chalcopyrite (copper) and sphalerite (zinc).

There's too much focus on the share price today and this reinforcement excerpt from TPI's research paper should encourage medium to long term holders to focus their eyes on the horizon not short term noise:

'Given the resounding verification delivered by recent drilling, together with the Board’s expectation that the remaining assays will produce similar polymetallic gradings and widths, the Anzá Project appears capable of driving strong mining economics. On this basis, TPI considers a positive decision from Agnico & Newmont could potentially be delivered within the next 12 to 18 months which, in turn, would add considerably to Orosur’s current valuation.'

Quotes from Jaceorge:

17th February - Don't answer the trolls guys.... ....it keeps their headers on screen which is all they are looking for to create an air of disappointment etc....DONT REPLY TO THEM EVERYONE!!

12th February - RE: Beckman Coulter has 275,000+ machines in Laboratories Worldwide!!! xxxxx is here already to save our souls again!....a classic from him was "it is his duty to inform us etc etc"...how pretentious is that?

Today - I'm going to be on here every day with lots of insight with whats going on behind the scenes. I have a very good knowledge of what is happening here and feel it is my duty to share it with you. That statement may price someone's ears up....if not I'm here to give you my regular updates on where its going wrong with OMI and why!

I hope you don’t find me pretentious but ‘It is my duty to tell you’ Jaceorge that you are hilarious! Thanks for the entertainment.

Agree Rickee. Here’s an extract from my post from 27th January:

‘Wave 1 ended at 46p and I am confident wave 2 finished at 16.7p, especially after the cash raise and great fundamental drilling news arriving. It looks like an ABC correction (A = 16.7p, B = 30.7p and C = 20.2p) has just completed with the C low encouragingly higher than the A low. Wave 3 (usually the longest and strongest) projects a price in the 80’s. The monthly MACD is turning up but has not yet crossed over to give a bullish divergence and stochastics are heading north. Throw in the potential for more drilling results and we have a very tasty ****tail developing. Get over resistance at 30.8p and we will have the initial target of 45p (the previous high) in sight.’

Update as of today – great chart action. Smashed through resistance at 30.8p and the weekly MACD is on the cusp of a bullish divergence. Throw in some good drilling news updates and this has the potential to hit the 80’s in short order. Immediate support is 30.8p, also previous resistance, which is also approximately the 38.25% fib retracement level for wave A. I would not be surprised if it fell back to 30.8p to test support, give some non-believers the opportunity to get on board and then continue its upward thrust.

Been a while since I posted a TA update on here but sometimes, I just listen to the markets; absorb what they are saying and take no action. My last posting on 18th December referred to the friction and bickering on this board at the time as a hugely positive sign because sentiment was at its lowest. The share price had just hit a low of 16.7p and we were clearly in the ‘fear’ zone. If you believed in the story, this was the classic time to buy and I topped up on this day, not based on charts but on sentiment. Hopefully, many of you did as well.

A month later and the charts are verifying this decision and the longer we travel along this journey, the more confidence I have in what the weekly rather than the daily charts are telling me. Wave 1 ended at 46p and I am confident wave 2 finished at 16.7p, especially after the cash raise and great fundamental drilling news arriving. It looks like an ABC correction (A = 16.7p, B = 30.7p and C = 20.2p) has just completed with the C low encouragingly higher than the A low. Wave 3 (usually the longest and strongest) projects a price in the 80’s. The monthly MACD is turning up but has not yet crossed over to give a bullish divergence and stochastics are heading north. Throw in the potential for more drilling results and we have a very tasty ****tail developing. Get over resistance at 30.8p and we will have the initial target of 45p (the previous high) in sight.

I watched the presentation last night and was impressed with Brad. An air of understated confidence, which will encourage others to invest. I am looking forward to future ‘fear’ zones to purchase more!

With positive news we can now embark on the wave 3 to the 80p range

Great news - patience is starting to be rewarded. Well done all and it's great to be in at what appears to be the start and not the end of the journey

Nice to have a positive couple of days. A few observations from a TA point of view.

The impulsive optimism of Wave 1 clearly ended at 46p and I’ve patiently waited for completion of wave 2. Investors have been exiting trades with profits and others who missed the 1st train, have been waiting patiently for the next one.

Wave 3, which is usually the longest and strongest will hopefully see renewed buying from those that had doubts about the initial rise but are now convinced and this accelerates the trend rapidly. Is this turnaround a breakout of the downtrend and we are starting wave 3? If it is and 16.6p represents the end of wave 2, we are potentially on our way to 80p.

We have filled a gap between 16.6p and 17.4p; we have endured 36 days since the daily bearish MACD crossover and a bullish daily MACD crossover has occurred today. The low coincides with the placement and Stochastics remain at an oversold level. I thought we were seeing a bullish breakout of the downtrend at the end of November so take all this with a pinch of salt.

However, with drilling news due and Gold showing renewed signs of hitting all-time highs in the coming months I think the downside is limited. I have also personally found the friction and bickering on this board the past week as a very positive sign. Sentiment often reverses after the ‘fear’ stage and psychologically, that’s what a lot of investors have been feeling after this downtrend. Hopefully we’ll see signs of ‘greed’ shortly

Good, sensible post Allstar4eva

Buying low and selling high is the hardest thing to do Pidster so don't beat yourself up. It took me years to not get emotionally attached to shares and to learn how to fight conflicting feelings and buy low and sell high. Boring risk management remains the number 1 skill when navigating these choppy waters, which means not having all your eggs in one basket; taking profit or partial profit and always having 3-6 months cash to weather declines, for emergencies and to re-invest or take advantage of new opportunities. I was fortunate to get into Orosur early but took my original capital out in the 40's (partially re-invested on the decline's to fibonacci levels) so to a certain extent, I'm risk free now and don't worry about it. It doesn't always work that way but risk management is the key to achieving this. 2nd skill is patience and lots of it. I read this board every day but I haven't contributed to it recently because that's all I read - impatience. This is not a get rich quick share but hopefully, over time, it will sail towards my initial fib target of 85p. I believe this because of the story (nothing has changed) and the macro fundamentals for Gold and Silver but as many mining shares fail, nothing is guaranteed.

Thanks Phoebus - coincidentally, just started looking at Wishbone earlier today!

Concentrating on TA and the big picture, whilst we wait for drilling news, I must say I’m getting quite excited by the prospects for Gold and Silver, which will naturally ultimately feed into Orosur’s future. Non-TA followers, please stop reading now!

With Gold, on the weekly, I’ve assumed that wave 4 (following an ABC correction) completes at $1765 and wave 5 targets $2300. However, there is an alternate count which sees wave 1 starting at $1450 and ending at $2074; wave 2 completing at $1765, which means we are now surfing on wave 3, not wave 5, with a target price of $2772. Imagine the profit of miners at this price?

Silver is even more exciting. If we assume Wave 1 starts at $11.33 and ends at $29.87 and wave 2 recently completed at $21.93 (after an ABC correction), we are surfing on wave 3 with a big smile on our faces, to a target price of $51.92. We’ve had a recent island reversal; a healthy bull flag is in progress and for the fundamentalists amongst us, Silver demand will only keep on increasing with the transition to electric vehicles. Whilst not for the risk averse, this makes Silver and Silver miners a very promising play from these prices.

The non-farm payroll stats in the US were a big miss today and the job situation will only worsen. That can only mean one thing – stimulus, stimulus, stimulus, a much lower Dollar and higher Gold and Silver prices.

On the daily, Orosur is still in a downtrend but is healthily respecting the support at 19p and has done so for many days now, so it feels and looks like we have moved from a corrective to a consolidation phase. I don’t mind that and as previously indicated, if 19p becomes the completion price of wave 2, wave 3 and the potential for a big rise is just round the corner

For the TA and Elliott wave enthusiasts, for Gold, we could have wave 4 completion at $1765. If that’s the case, we could be starting wave 5, with a projected wave 5 completion target of $2300. We’ve seen a nice bounce in Gold and Silver since the criminals took them down at futures expiry and I like the way mining shares have recovered this week. It’s too early to call a low yet but it’s looking more positive from this time last week. All the covid news appears to be priced in and we’re into a seasonally positive period for them both. Silver is indicating a bullish flag on the weekly chart and has been very impressive in recent days and Platinum appears to be leading the metals higher.

What a week for Orosur! I certainly didn’t anticipate a placing but I guess we’ve got new, hopefully ‘safe-hand’ investors on board and the placing level may put a floor on the share price. Time will tell and I await with interest how the presentation goes later. From a TA perspective, there isn’t a lot to report as we await fundamental news on drilling and recover from the placing. Stochastics are oversold and 19p, which was previous resistance, is still the key for me. If this holds, the potential for a visit to 85p to complete wave 3 remains.

If anyone sees anything different from the charts, please feel free to comment as it’s not an exact science

I made the comment earlier today about the criminal banks trashing the Gold and Silver prices earlier this week and today. For traders in Gold and Silver it’s an opportunity to have no positions open in the preceding 2 weeks before futures expiry; wait for the beating and then slowly invest as it falls. Interestingly, Gold was touching 2% down at one point today and Silver was 4% down but many mining shares in the US and Canada have pretty much ignored these falls. Does the divergence indicate a bottom in Gold and Silver and selling is exhausted after peaking in August? Possibly, as seasonally, they bottom around now and rise into the spring.

Turning to Orosur, we had 29 days of falls from the peak at 46p, so are we seeing signs of selling exhaustion here as well? The downtrend was in fact broken yesterday and on a daily chart the MACD is potentially indicating a bullish crossover in the coming days. We hit the lower Bollinger band twice in the last few days and that could be indicating a rejection of any further falls. We had slightly higher volume today and the stochastics are rising from an oversold position. Is 19p the bottom? Possibly, as from 2 October to 13 October, it was strong resistance, so it’s not unusual for the share price to revisit it on the way down and kiss it goodbye.

From a Fib retracement and Elliott wave point of view, if we assume wave 1 was from 5p – 46p, wave 2 may have ended at 19p, which is 2p under the 61.8% retracement level. If we therefore assume wave 2 ended at 19p, we are hoping for a powerful wave 3 next that tends to be 161.8% of wave 1. 161.8% of wave 1 (41p) means an advance of 66p from 19p, which is around 85p. This is clearly all based on the bottom of 19p holding.

The usual – do your own research and know that the fundamentals always trump the technical and let’s hope we have positive news soon to ignite wave 3 and more positive volume. Have a good weekend all

Gold and Silver have been trashed since 1pm and the criminal banks couldn't be more blatant or brazen. Gold got taken to the cleaners earlier in the week prior to December expiry and today December Silver expires and it's the same criminal activity that is repeated again and again. I'm nervously buying on the way down to $1750 in the casino paper market but if anyone deals in physical Gold or Silver, it's Black Friday sale time