Member Info for Hertstrader74

24k more at 26.4p Love a good recovery play once big seller has cleared

Broker targets 28p a share 170% upside. Wouldn’t want to be out over the weekend for djeno

I held GMS from 9.7p to 18p. Bought first tranch here late yesterday and looking to add more first thing. Can see 32-34p next week

Some excellent new year tips of yours paying off. Just need BOOBies to multibag now lol

Trading. Yep I am cautious with day trades at mo. Took profit from GMS and ITX. Have some riding in EQT. Could me an interesting market today. August to early December was a nightmare for me. December onwards has been much better. GLA

Will it gap up on the bell. 2.2p by 8.30am

Vote No. being diluted to oblivion ffs. Big fall today. Tin hats on

Way too much jam tomorrow here. Market hates promises of riches to come. SP rightly savaged

I agree. That’s why I only top sliced and didn’t sell all. Looks like a hostile take over approach there with 18p base line. Nice RNS at OMI on TSX overnight Nd hoping this creeps up this week GLA

Excellent RNS. All on track with Anza and concerns over Uruguay sorted. Over 7p today

In Canada on OMI. May explain the rise late yesterday #leakyship
Babs. I sold half my GMS at 21 and 20p. Interesting goings ons over there. Did you buy back in

Continued.

Orosur Mining Inc.

Condensed Interim Consolidated Statements of Loss and Comprehensive Income/(Loss)

Thousands of United States Dollars, except for loss per share amounts



Three months ended
November 30,

Six months ended
November 30,

2018 ($) 2017 ($) 2018 ($) 2017 ($)

Sales - 9,028 4,202 20,979
Cost of sales


- (7,708 ) (7,119 ) (19,480 )
Gross profit - 1,320 (2,917 ) 1,499

Corporate and administrative expenses (639 ) (749 ) (1,041 ) (1,249 )
Exploration expenses (18 ) - (162 ) (145 )
Exploration expenses and written off (27 ) (17 ) (93 ) (26 )
Care and maintenance expenses


(613 ) - (613 ) -
Restructuring costs


(645 ) (750 ) (3,967 ) (810 )
Obsolescence provision (5 ) (9 ) (5 ) (45 )
Other income


218 1 299 130
Net finance cost


(28 ) (59 ) (70 ) (146 )
Loss on fair value of financial instruments, net


(42 ) - (21 ) (10 )
Foreign exchange gain (loss) (75 ) 11 329 263
(1,874 ) (1,572 ) (5,344 ) (2,038 )

Loss before income tax (1,874 ) (252 ) (8,261 ) (539 )

Provision for income taxes


- 1 - (2 )
Total loss for the period (1,874 ) (251 ) (8,261 ) (541 )

Other comprehensive (loss) income
Cumulative translation adjustment (559 ) 142 (749 ) (136 )


Total comprehensive loss for the period (2,433 ) (109 ) (9,010 ) (677 )


Basic and diluted net loss per share


(0.02 ) (0.00 ) (0.07 ) (0.01 )


Orosur Mining Inc.

Condensed Interim Consolidated Statements of Cash Flows

Thousands of United States Dollars, except where indicated



Six months ended
November 30,

2018 ($) 2017 ($)
Net inflow (outflow) of cash related to the following activities

Cash flow from operating activities
Net Loss for the period (8,261 ) (542 )
Adjustments to reconcile net income to net cash provided from operating activities:
Depreciation 3,345 4,064
Exploration and evaluation expense written off


93 26
Obsolescence provision 5 45
Fair value of derivatives 13 (20 )
Stock based compensation 36 44
Accretion of asset retirement obligation


19 38
Loss (gain) on sale of property, plant and equipment

14 (61 )
Other 53 20
Subtotal (4,683 ) 3,614
Changes in working capital:
Accounts receivable and other assets 758 29
Inventories 737 656
Trade payables and other accrued liabilities 1,541 (360 )
Net cash generated (used in) from operating activities (1,647 ) 3,939

Cash flow from financing activities
Loan payments


(19 ) (129 )
Investment in Anillo - 69
Proceeds from sale of Talca


60 -
Loans received - 1,500
Proceeds from private placement


2,00

Orosur Mining Inc. - Q2 2019 Update and Results
MEDELLIN, Colombia
Orosur Mining Inc. (“Orosur” or “the Company”) (TSX/AIM: OMI), a South American-focused gold developer and explorer announces the results for the second quarter ended November 30, 2018 (“Q2 19” or the “Quarter”). All dollar figures are stated in thousands of US dollars unless otherwise stated.

HIGHLIGHTS

On September 10, 2018, the Company completed several agreements with Newmont for the Anzá exploration property in Colombia:
The non-brokered private placement of $2 million; and,
An exploration agreement with venture option. The Exploration and Option Agreement includes a three-phase earn-in structure allowing Newmont to earn up to a 75% ownership interest in the Anzá Project by making cash payments to Orosur equaling a total of $4 million over Phases 1 and 2, spending a minimum of $30 million in qualifying expenditures over twelve years, and in addition completing NI 43-101 compliant pre-feasibility and feasibility studies.
The re-organisation process has been ongoing in Uruguay since June 2018. In August 2018, the Company placed its San Gregorio mining operations under care and maintenance. On December 18, 2018, the Company announced Loryser had reached a payment plan with its creditors (currently signed by approximately 70% of creditors, by value). This agreement contemplates that net proceeds from the sale of Loryser’s assets in Uruguay together with the issuance of 10 million common shares of Orosur shall fully satisfy all amounts owing to Loryser’s creditors as well as provide funds for Loryser to conduct this process and close operation responsibly. Loryser would manage the process, to be completed within two years. The issuance of common shares of Orosur is subject to approval of the Toronto Stock Exchange. The Agreement is now subject to consideration by the Court and the Intervenor, and normal procedures for approval, like public notice, which the Company expects to conclude in the first half of 2019. Once approved by the Court, the Agreement will be legally binding for all the creditors and Loryser’s creditor protection status will cease together with Intervenor’s control over Loryser.
During the three months ended November 30, 2018, the Company incurred a net loss of $1,874 ($252 for the three months ended November 30, 2017), which included care and maintenance costs of $613 at the San Gregorio mine, restructuring costs of $645 relating to the termination of employees at San Gregorio, and corporate expenses of $639 ($749 for the three months ended November 30, 2017). Gold production and revenues ceased in August 2018.
Ignacio Salazar, CEO of Orosur, said:

“After many months of hard and patient work, the Company has managed to crystalize two deals which provide a platform to transform Orosur: an agreement in Colombia with Newmont which provides the structure, financing and technical support to build a significant project in Anzá, and a significant vote o

Top sliced a few gms at 21p yesterday so may top up here at 0.175p today

What are your price expectations next few weeks. I dipped my toe in at 0.17 with 2 million

I may add a bit more if I can get sub 16p. I am also staying put. Very confident with this share

Fair enough Babs. Profit is profit

GMS starting to recover well. May buy some more there on the bell

I think we may flirt with 20p tomorrow. Looking very strong with our Dubai fund still buying

Here with my buys at 2.3p and 2.35p just before Christmas as well as my other share GMS just below 10p. Both should do well