Orosur Mining (LSE:OMI), the AIM and Canada listed, South America focused gold producer and explorer much beloved by my fat friend Evil Knievil, last month announced the completion of a development that “will enable the company to access higher grade transverse stope ore at Arenal Deeps for the first time in the last quarter of the financial year ending 31 May 2013”. That seems like good news yet the shares now trade at lows not seen since 2010 – a current 32.125p share price capitalising the company at little more than £25 million.
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