Oriel Resources Share Discussion Threads

[supersturrock] 27/2/2008 16:22

Just found the Telegraph article that alerted me to Oriel a few years ago. At the time, Doc Kurzin was talking of Schevchenko producing 35,000 tonnes of nickel per annum to yield $350 M. p.a. and that it would take barely 6 months to repay the capex involved. This implies nickel was $10,000 a tonne at the time. Price today is over $27,000 tonnes. Hmmmmmmmmmm !

[supersturrock] 27/2/2008 15:55

I think Earnermoon was the firm who reversed the Tikhvin plant in. They must be happy bunnies.

[the prophet] 27/2/2008 15:32

-good to see a large existing shareholder has added 15m or so shares

[coldrolled] 27/2/2008 15:25

SS
I think you'll start to see some value from the shevchenko asset come in finally as well this year, after production commences at Voskhod then they should be around 1.5 quid imo, obviously if nobody comes out of the blue and puts an offer on the table which I think is definite possibility and then who knows where they will go!

[the prophet] 27/2/2008 14:54

-its all double-dutch to me, but happy to watch 'em rise, esp. the warrants!

[supersturrock] 27/2/2008 14:52

Coldrolled. Many thanks for the clarification. Originally bought Ori after they floated on the strength of Schevchenko alone. All this is a bonus !!!!

[coldrolled] 27/2/2008 14:42

Sorry Superstock, I should have been more specific, Tihkvn will take up to (all furnaces commisioned) 384kt of Chrome ore from Voskhod at 44% Cr203 contant and above to produce 148kt of FerroChrome at 69-70% Cr metal content, that's where you may have got confused, the run of mine ore will be shipped at somewhere between 44-50% depending on what optimum feed grade is needed for the smelters, this still leaves another 600kt of 44% Chip, lump and fines product to be sold to other offtakers at the prevailing market price...remember than Voskhod Chrome ore will be sold at a premium to SA, Zim and Turkish ore because of the much higher Cr-Fe ratio

Hope this helps

Cheers

[sg31] 27/2/2008 09:29

not too suprising when it is trying to break through the £1 barrier.I know its nonsense really but psychologically it does matter.It could fall back a bit and then retest

[cezary] 27/2/2008 08:51

bit of profit taking today

[supersturrock] 26/2/2008 17:30

Coldrolled. You obviously know your Oriel far better than me so I am intrigued where you got the annual production figure for Tikh from. I was using the latest RNS update which quoted :


"The remaining two furnaces have been commissioned and are due to be fully
operational by the end of Q1, 2008. HCFeCr production capacity will then be
148,000t per annum; rising to 180,000t during 2011 as phase two of the project
comes on stream."

I therefore dont know how it can use 384 kt p.a. from Vosh. Perhaps the RNS refers to finished product tonnage rather than ore input tonnage. Perhaps you could clarify. Either way, the numbers are pretty mouthwatering v. this market cap.

[supersturrock] 26/2/2008 17:19

t1sh - you probably need to deal on the phone only. I managed to get another 2,000 today.

[t1sh] 26/2/2008 16:55

i put oriw in barclaysstockbrokers but it wasnt recognised..

[t1sh] 26/2/2008 16:44

could you guys tell me the ticker for the warranst please as i cant find them. thanks

[cezary] 26/2/2008 15:45

we need to break £1 and then take off!!

[coldrolled] 26/2/2008 12:54

Super,
Tihkvin will consume up to 384kt of Voskhod ore per annum, Voskhod produces 900kt of beneficiated product, leaving it 500kt+ to sell on the open market and this discounts any expansion at the mine, try and do the numbers again and I'll think you'll be surprised what you come up with! FerroCr spot prices now around $2/lb long term offtake agreemenst who knows, Chrome ore at the gate at Voskhod can be sold up to and above $500/t depending on Cr2O3 content
Cheers

[ukgeorge] 26/2/2008 12:21

takeover target? or just playing catch up.
had got an £100 up bet on these back in november but closed it just before the last drop down to 40p area. have held some ori shares for a couple of years so nice to see them rising. just wish hadnt sold most of them.

[supersturrock] 26/2/2008 11:07

Warrnts should multibag over remaining term - shame they are so scarce.

[the prophet] 26/2/2008 10:45

-it was a few days after the big rise in the warrants....19p, i seem to remember.....

[supersturrock] 26/2/2008 10:42

Proph, what did you pay for original tranche may I ask ?

[the prophet] 26/2/2008 10:27

-ss
-picked up a few warrants a few weeks back....just tried a top-up but they wanted 26p for 10,000 of 'em.....least I moved the warrant price up!.....

[supersturrock] 26/2/2008 10:25

Warrants now 21p bid - starting to catch up with events !!

[cezary] 25/2/2008 17:47

The last Kazakhstan share I bought into was Kazakhmys (KAZ) at around £5.50 and they went up to £15 or so. So expect this one to follow suit.

[supersturrock] 25/2/2008 17:15

Are there any realistic broker's forecasts available for this one ?