stay away from this one , I got drawn in from all the hype over 2 years ago now, I bought in at 23p lol I laugh now but deep inside I'm crying .gutted! ..
to be honest many stock on AIM are a con so please do not invest unless you have money to gamble with .. i wish i just gambled at the casino at least there you have a 50% chance of getting a red or black with this lot of MM's on AIM its very low chance of even getting your money back . i have very little left here about £200. from an investment of 10k so its mad to sell now its actually quite sad really :-(
if you do have stock here then just hold on and maybe once day before I'm 10ft under I may get my money back or even some of it .
This share has been aggressively shorted over recent months, so this is simply a correction to fair value, possibly driven by a short squeeze. They have cash equiv to 4p per share, plus an impending asset disposal. Currently up 25% on TSX as of time of writing. Around 18 months ago, it went from 3p to 8pon technicals, And I think we have a golden cross now.
I note the doubling of the share price in the last 2 days and people speculating about the reason though with assets and cash well in excess of the market cap no real surprise. Normally when the share price increases suddenly the company comes out with the statement that they know no reason for the move which they have not done which is very encouraging
Somehow I don't see this turning into a sale in the immediate future, nevertheless, a potential sale is better than none at all..
Orsu Metals Corporation: New Exclusivity Agreement for Potential Sale of Akdjol-Tokhtazan Project
LONDON, UNITED KINGDOM--(Marketwired - Nov. 17, 2014) - Orsu Metals Corporation ("Orsu" or the "Company"), the London-based dual listed (TSX:OSU)(AIM:OSU) base and precious metals exploration and development company, today announces that it has entered into a new conditional exclusivity agreement (the "Exclusivity Agreement") with David-Invest LLP ("David-Invest"), a Kyrgyz registered company, and a related company, David Way Limited ("David Way"), a Hong Kong registered company (together the "Potential Buyers") with a view to the potential sale of its Akdjol and Tokhtazan gold exploration licences in Kyrgyzstan (together the "Akdjol-Tokhtazan Project").
The Company has re-negotiated the terms of the Exclusivity Agreement previously agreed with the Potential Buyers and, in particular, the purchase price of the Akdjol-Tokhtazan Project has been increased to US$5 million (from US$4.5 million). The key terms of the Exclusivity Agreement are:
the Potential Buyers have been granted an exclusive right to purchase the Akdjol-Tokhtazan Project until April 7, 2015 (the "Exclusivity Period") conditional upon the Potential Buyers continuing to fund the costs of maintaining the licence;
the Potential Buyers have the option to purchase the Akdjol-Tokhtazan Project at any time on or before the expiry of the Exclusivity Period for a consideration of US$5.0 million. The previous non-refundable deposits of US$400,000 received by the Company during 2014, will be applied against the consideration in the event of any sale;
the Potential Buyers will fund the exploration programme for the Akdjol-Tokhtazan Project licences (which are due to expire on December 31, 2015) on a non-refundable basis for the Exclusivity Period; and
the Potential Buyers have the right to terminate the Exclusivity Agreement at any time, and Orsu has the right to terminate the Exclusivity Agreement in the event of non-fulfilment of the obligation to fund the costs of maintaining the licence.
Other than as described above, there have been no significant changes to the terms of the previous exclusivity agreements signed in 2012, 2013 and 2014.
The Company will apply any proceeds from a sale to working capital and identification of other early stage exploration opportunities consistent with the Company's strategy.
Management believe that in the absence of any other firm proposals from other interested parties and given the continuing difficult market conditions facing junior mining and exploration companies, and the specific challenges relating to assets within certain countries of the Former Soviet Union such as Kyrgyzstan, the Exclusivity Agreement represents the best prospect for achieving the disposal of the Akdjol-Tokhtazan Project available to the Company at this time and for the foreseeable future.
" I have been holding this for about 2 years now and have lost my savings ".
You haven't lost it until you sell for cheaper than you bought - will you be doing that? If not, then all you have lost out on is spending the money within the two years on other things.
"my desision based on the company fundamentals at the. Time" - how have the fundamentals changed since then? I think we're getting closer to Karchiga funding this year - Copper is likely to be a hard asset-derivative to sell to Barclays and others in the current climate but end of this year, things may start looking up.
Oh, yea don't worry or get excited about these moves under 10p - today's one is nothing to be excited about unless you're a day trader scaping the barel for pennies...
Don't be fooled into this I bought In at 18p and have watched it drop to this level, I genuinely care about people and hope people do not invest in this ? I am proof that this share is pants , and have been stung by it. But I do hope I am wrong!!! I have been holding this for about 2 years now and have lost my savings , my loss and my desision based on the company fundamentals at the. Time.
I'm sure there are other out there that are in the same boat as me.
If so reply to this
This looks to be trading on a par with cash balance.
What I am waiting for is the sale of the asset, apologies can't remember its name offhand, that the payment for exclusively was not received a few months back. Does anyone know what they were hoping to get for it and what state of play it is in now?
Hoping that exploration results are near term catalyst, but really the key is the development of the most advanced project. It is valued at 150 million net if we can raise funds , find a development partner.
Today's results are nothing really revelationary, but I just think at anything below 3p this offers some great value.
On that basis, it has just gone below the bottom! On pathetic volume I might add. How low can it go? Way below cash now with potentially more cash to come in. A classic example of how news drives AIM share prices. Is there any other company with such a low valuation compared to cash? The only other one I can think of is Ovoca.
Daisan, there can be a number of reasons for the activity, some of those could be:
1. like you say some rns expectation for an asset sale
2. news on financing
3. some agency finding out that from shops orsu has started enquiring for orders on plant/machinery [this would be indication on karchiga financing]
4. takeover news as per lead from PWC's report.
5. Technical indicators has been pointing a reversal and strong positive uptrend - so TAs could now be weighing in.
On this board, considering that the share price has suddenly sprung to life! Not sure what the activity is for, although the company is obviously stupidly undervalued, but then there are several companies on AIM where that is the case. Here, however, the valuation in comparison to cash is marked. You would have to view some trading today as suspicious if a positive RNS was released soon.
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