Member Info for Sotolo

Usually by 730?

I think they all the mines are below 2019, we shall see tomorrow, but we know San Jose is because McEwan just reported, and Arcata, which contributed a bit in early 2019 became too costly and was mothballed, this remains the Hochschild worry despite none of you seeming willing to face it, older mines fewer ounces and rising costs to get them out of the ground. Now very hopefully we will get some good news on this tomorrow but the market certainly isn’t banking on it. There is no point in saying silver or gold is higher or lower compared to a couple of years ago if what we produce is shrinking and becoming more expensive. Hence Edoardo throwing in a large chunk of his sponge, clever man, when the price was still 50% above here. Not really looking forward to 7am but keen to see what they say. Plus as said they should finally post some good news on Bioalantides plus I guess some circumspect on the politics of we may have to wait for the results in Aug

Super Q2 oz as last year would be a complete disaster and should certainly not make you happy. Silver equivalent ounces were down nearly three quarters with the COVID mine closures from 2019
12405oz to 2020 3607oz. The big question is how much have we returned to normal. The prediction is we will still be a bit down, but we should want to see a trebling of ounces just to be 20% down tho of course the equivalent ounces are an annoying and somewhat unreal metric as depend on the gold/silver ratio. More important will be to see aisc beginning to return to normal, which it probably won’t get near, and most important reserves replaced or more than at a decent cost so future profit. The market is for seeing horrid figures but nowhere near as bad as you, so I do hope we don’t have figures as last year

Shares down 11% on their buying news, I think I’ll match them pro rata, show my similar confidence, put my neck out and buy another 22 shares

,Positive, you really are, which is a great thing to be but on the sceptical side the options are pretty small fry and the ones already excercised are included in their totals, the ones on offer still won’t give them the millions they should have even when exercised. I think the total options are around £500,000 spread across all directors, the latest exercisable at around 26p. Why buy so very few, such a damp squib?

Exciting to see an rns on bosses buying this morning, at which I thought the ceo and chairman have shown their great confidence having finally plunged in, read on and Castro has spent £1700 and George a whopping £3400 buying Omi, wonder if they had to borrow as George usually says he is too poor to buy shares. It brings their total over the years to a huge £19000 and £17000 so they are now totally aligned with shareholders. On a more serious note they both have a minute proportion of their wealth in OMI as a purely speculative buy, and others might do well to follow them, sadly this muggins has 4 times more shares now than them combined. Of course it would show belief if they actually spent more than small change and had at least millions each. I hope they are reading this. Frankly it would be better not to but at all than show this.

It is a production report not results on Weds but still scary, the half year results are usually in August, both are scary,: we badly need to see a planned return to higher ounces as we were, costs beginning to come back down as they were, more ounces found so we have more years of mining back in the bank, better Bioalantides news and of course a view on the politics. The share price is suggesting none of these will be very good but here’s hoping..

It is not selling per se, just more sellers than buyers; after each piece of good news which attracts buyers cranks shares up, some investors take their money off the table realising this company won’t be making money till the 2030’s by which time anything could have happened.imho

Yes Mike A special as suggested of a third of attributable NPAT would certainly help. Let us hope they do

Dear THARISA. I notice that you give many presentations in which you suggest the share price is too low, but to little effect, can I suggest a possible reason for this. I think the share price is currently being held back as there is a perception that however much profits profits increase, shareholders only receive only around 15% of these as dividends, with the company retaining and reinvesting 85% of the profits, even as these soar. It may suit the Pouroulis as major shareholders to keep income low, but for many us shareholders, who may have to sell as well as buy, I think you should really consider giving up to half of this year's windfall back to us, and maybe signalling a higher dividend policy when profits rise, especially with Vulcan paid for. Miners with higher payouts tend to do better as the shareholders can choose where to invest their profit,, of course tech firms are different forgoing all profit to win a monopolistic market share but this doesn't apple to miners. Phoevos Pouroulis mentioned a special dividend later in the year, at the last quarterly presentation. Thank you and for all the great work, and may I humbly suggest you consider this suggestion, as as I think many of us are hoping for a higher dividend percentage this year that you signalled, leading to a fairer share prices it currently seems absurdly low on a PE of maybe 3 or 4.

Orosur may soar if exploration continues successfully or tumble if it doesn’t, or probably both as this is a very long haul. The market price is the balance of those who think the price should be higher and those who think it lower, therefore there should be equal number of those who think the price is too low, and those who think it too high, and of course many thinking it is about right discounting future news. Remember shares look forward, discounting future revenue, but with Omi it is into a very long unknown with perhaps till the 2030’s till we know the real truth as/if the mines are up and running

Yes good update if repeated on Apta, but why sink money in tin in Brazil, is this why we bought Omi? See how Hochschild share price has fallen since they decided to diversify from PM’s to rare earths, including the day they made the announcement. Unless there is a JV like Apta where the other investor pays all costs and we get a minority share.

I posted a more up to date article on what the new president is now saying 10 days ago that was even more positive, waiting to see if it is real and if Hoc then bounces back. However as Lucky posted depends a lot on our results next week inc exploration as we desperately need more oz, costs which are rising too fast as mines get older, the terrible accident and it’s effects and rare earths, You could say all these are even more important than PM prices and politics as these are what management has control over and above all Hoc badly needs to show some good management imho

Is this the same evil knievel who was pushing Orosur around 15 years ago, before it’s name was changed from Uruguay minerals, when its shares were about 10 fold higher, and that not counting the dilution since. Let’s hope doesn’t mean another 10 fold fall, and who does he think will buy us when Newmont and Agnico have no need or reason to. Love the share, just not sure about the recommendation

Any idea why the tumble this morning, rhodium is rising?

I’d say if you are a newbie the realists (sceptics) like DRyland, happyhaddock and chicken legs are most useful as better to have missed out on a wonder share from pessimistic posts, than sucked into another aim mirage by optimists. This share is huge fun to have a bit of money in as long as, as some of the above have said, it is money you can afford to lose. I always think investigating the potential downside is more important than upside as if that looks good the upside will take care of itself, so pleas pessimists as well as optimists on this board, and we seem to have a great and intelligent balance now.

Exactly Steve, no one has a clue, least of all the so called pundits, who not only mostly get it wrong but sometimes intentionally as they have their own agenda. The real key is to find a miner with low costs, a healthy balance sheet and long mine life. Once we get the first right we will ride out any gold swings, roll on Centamin 2023

Snap some of the wisest words I have read about OMI from DRyland etc. However as you see from reading this board there are many more who try to attract you in, whiz the price up and then sell. Happily a lot of these ‘super optimists’ have left here for telegram annoyed by the realists, so this is becoming quite an intelligent board. But absolutely do not borrow money you do not have to invest in any share especially an aim miner, one of the riskiest!

…and roughly what proportion of profit comes from chrome, what % from PGM’s at current prices?

bonker, may be famous last words, or not. Most commentators and chartist seem to think gold will continue falling as it has been now for almost a year since it’s peak, it has certainly been in a very narrow trading range, coiling like a spring, so is likely to shoot out ones way or the or the other. As most people seem to think it will be down hopefully they will be confounded and it will go up but I wouldn’t bank on it, so as you said maybe famous last words…or not