I recommended shares in AIM and Canada listed Orosur Mining (OMI) – which operates the only producing gold mine in Uruguay (San Gregorio) and has additional exploration acreage in Uruguay and Chile – in May 2010 at 24.25p on t1ps.com, the website I left in September 12 years after I founded it . The shares currently trade at 40.5p, though the current levels compare to highs of 91.5p hit in early 2011. Last month the company announced results for its first fiscal 2013 quarter (to 31st August 2012) and, noting that recently “the patience and confidence of shareholders with the company has been tried”, a statement on its forward strategy. In the following I review these announcements and the Orosur investment case from here.
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