RE: Upward Trend26 Jan 2015 19:58
Gold Miner OMI has not got all its boxes ticked, here is a bit of a write up on it from Moosh.
http://uk.advfn.com/p.php?pid=chartscreenshotshow&u=Pmts88LN7t+InpL8GCw5Zcq9WB7quQwUoWPwaAfzeQA=&symbol=FT^AXX
Orosur Mining (TIDM: OMI)
With the upturn in gold price lately, to as high as $1307 over the last week, OMI has a good chance of benefitting from this in the second half of its financial year since the company intends to mine the higher grade ore from its South American project.2 With the current price at 12.125p (mid-price as of 23/1/15), the company is currently sitting at a substantial discount to its net assets of $82.98m (~£55.36m) given the current market capitalisation of £11.72m.3 With less than 100m shares in circulation, OMI, for me at least, remains a company which I intend to be an invader of to build up a freehold of shares for the long term, which would become useful if the company begins to pay dividends in the future.4