The Evil Diaries: Orosur, Geiger Counter and Pantheon

Orosur (OMI) reported this morning in respect of the year ended 31st May 2016. Debt is now well under control and, of course, since the year end, trading conditions have considerably improved. The profit declared may be rather paltry but it has the merit that it includes a lot of writing down of equipment long since acquired. And then there is the wild card of the new plays such as Anillo and Anza in for free – indeed less than nothing.

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I checked the state of play at Geiger Counter (GCL) yesterday and tnav is 23p as against a current offer price of, say, 18p. This is not screamingly attractive in view of the snail’s pace attending this share price’s recovery. But I am told that uranium could run in the new year and it would be then that GCL could be a very worthwhile longer term investment. 18p would then look very cheap. Further, there seems little downside in the price either.

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Several readers have been on to me about Pantheon (PANR). I am assured that the production delays are nothing to do with the ore body. On this basis PANR is a screaming buy at 154p.

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Finally – and if may borrow Sir Harry Secombe – if I ruled the world, I would cancel August. One cannot get hold of people.