Ormonde Mining Share Discussion Threads

[kennocoolmike] 11/11/2016 22:23

Has anybody got an opinion on Ormondes partner in their gold exploration projects (Aurum) new direction? From what I can gather they are moving into the area of cyber security, which is slightly unusual for a mining company. Their share price has increased significantly in the past two months. If they gain traction with their new venture what will happen with their mining interests? Is this good, bad or indifferent for Orm?

[dolores123] 11/11/2016 09:29

Tungsten price rising!!

[hazl] 10/11/2016 15:57

dolores steelwatch is right.
I cannot stand the adverts.

[dolores123] 10/11/2016 15:44

Thanks 12vic.

[12vic] 10/11/2016 13:57

Will be sorry to see you go Dolores. Keep holding and the reward should come.

[steelwatch] 09/11/2016 13:29

Dolores - download and install adblock plus. Works a treat!



Adblock Plus is a free extension that allows you to - among other things - block annoying ads, disable tracking and block domains known to spread malware. Available for Android, Chrome, Firefox, Internet Explorer, Maxthon, Opera, Safari and Yandex, Adblock Plus uses filters that you choose to block all unwanted elements.

[dolores123] 09/11/2016 13:12

PS I am shortly leaving ADVFN as I am fed up with their adverts slowing the system down but remain a holder of 1.8m+ Orm shares and look forward to a share price recovery in the not too distant future.

Best Wishes to all on here.

Dolores.

[dolores123] 09/11/2016 13:03

The company's web site now says that it is a "near term tungsten producer --- with exciting GOLD portfolio".

It is also well funded by its deal with Oaktree!

[kennocoolmike] 08/11/2016 20:58

Well that's all very reassuring!

[12vic] 08/11/2016 11:38

I agree, and at times the resource sector has probably produced some of the worst examples of this type of practice.
In Ormonde my original investment was part motivated because it had survived through a period when so many small companies in the sector folded, " misplaced " money or disappeared in a myriad of unexplained deals.

[granto2] 08/11/2016 09:47

interesting topic, I once owned about 2% of a prominent Irish company, this was enough to give me some access to the board of directors without being one. but not enough to share the inner spoils. This company eventually stopped paying dividends but the directors didn't suffer at this time. I knew where I was on the food chain. The 'pocketing' continued with top of the range cars, travel, perks. In the end the company folded and my stake was wiped out. So, track record of management is important. The smaller the firm , the higher the risk.

[kennocoolmike] 07/11/2016 22:25

Interesting point AJ. I often do wonder where the incentive is for companies to return value to shareholders!

[admiral jellicoe] 07/11/2016 19:27

Good question Ken!IMO if management build up a war chest of money which is available for the company to grow into other assets / developments then there is a good chance that Ormonde mining could develop into a sold player, run to the benefit of shareholders etc.If however tungsten remains low, then there is a possibility that Ormonde will exist at a subsistence level, ticking over and all income just covering expenditure and little or nothing for shareholders or future company development.On a totally different point...some companies on the Irish Stock Exchange have a particular management set up, whereby management have a large controlling stake, and in effect all profits are directed to paying the CEO / director etc.Other companies might have management outsourced to another company, so that all profits are directed to paying this large expenditure outlay, again leaving very little for shareholders.There are many ways in skinning the cat.There are very few ISEQ listed companies in which I would invest in due to the cunning ability of various directors to strip cash flow in numerous novels ways and leave little or nothing for shareholders.Some companies are just run for the benefit of directors and the rest can just hump off.Quiet a few companies should be delisted from the ISEQ in my opinion.

[kennocoolmike] 07/11/2016 18:43

I agree that the share price is a play on the tungsten price in the short to medium term. What is your opinion on ormonde's other mineral assets and the prospect of an additional mining project in the long term?

[kennocoolmike] 07/11/2016 18:39

Thanks for the insight 12vic and terropol.

[terropol] 07/11/2016 11:34

Tungsten on the up today....overdue a run up...
$198-205 quoted.

[12vic] 07/11/2016 10:02

Kennocool

If you started buying after the impact of the Oaktree deal , I'd imagine you will be averaged quite nicely , particularly if you bought some around the 1p levels.
My view is much the same as Terropol,that this share has now become a bet on the tungsten price.
Ormonde is much better placed than some of its competitors to benefit from any upward changes. The fact we are not currently in production at these levels is actually fortuitous.Indeed all of the issues that have led to this position, including an active decision?(I'm guessing)to slow progress until there is a clearer picture of confidence/recovery in the tungsten market are likely to play into favour.

[terropol] 06/11/2016 22:39

kennocoolmike, valuation will depend all on price of tungsten....We know Producers are not making any money at this price level...soon it will have to start going up.
At the moment the market is not even looking at ORM, it will change when Tungsten starts to push up.

[kennocoolmike] 05/11/2016 19:09

Hi all, there was a good volume of shares traded Friday, 70,000 of them bought by me. I have been slowly building a position in orm over the past two years. I am a long time reader of this thread. At this point I am happy with the stake I hold and my average. Like the rest of you I must now wait and see what happens once we start producing. From the current share price I can see a significant upside, I am no expert, more of an enthusiastic stock explorer but based on my calculations I can see this one getting to 9p by 2018. That said many stocks have had potential before but didn't go very far. Has anybody else dared to crunch the numbers and speculate where this might go given the right circumstances?

[12vic] 04/11/2016 16:20

Interesting trade volume today , would seem to be mostly buys but difficult to be certain. Hopefully the tungsten chart will continue the upward swing.

[12vic] 07/10/2016 10:02

So some options for the management and close to the current price range. Interesting to see the take up should we have a price rise.

[hazl] 03/10/2016 09:36

Markets are in a funny place.IMO

[12vic] 30/9/2016 16:31

Very interesting Gosoftly. To be honest I hadn't realised the situation at Wolf had reached this stage. Not a shareholder but had followed previously. Have just read their most recent RNS's.
I agree with your point about the Oaktree financing and although I was not a shareholder at the time, its clear the effects were significant for longer term shareholders. Hopefully some were able to average down on last years low prices. The package we are left with does look robust in comparison with other funded projects. Our partner being the debt provider also provides an additional sense of security.
The other company that I wonder about is Almonty. Many here have probably followed them after their attempt to buy out Orm . They quickly moved on taking positions on other projects building share in the tungsten market. Although they have working properties, they have borrowed heavily in various forms to make their purchases,I haven't researched the financial position, possibly they are more secure than some of the others you mention. They recently pulled out of a proposed deal to buy ATC Alloys but again have not researched the circumstances.

[gosoftly7] 30/9/2016 15:33

Orm through the equity and the debt facility have close to USD 90-100 million. To get the operation up and running will cost close to USD 60-70 million - some of this being VAT which will be reclaimed. So that is access to a whole lot more finance than they need.

If you look at Aureus with New Liberty, started-up but had start-up problems and shareholders have lost virtually everything.

If you look at Wolf with the Hemerdon project, they got up and running and had issues and now have had to suspend trading on the ASX because they can't meet a debt repayment obligation - outcome for current shareholders not yet known

If you look at Diamondcorp with the Lace mine, they have started to ramp up but have hit problems and have said that they need more financing, what form this will take is not yet known and the effect on current shareholders is unknown.

I think DCP have a good mine which will make money and then a lot of money once they really get going, but getting over that line is hard.

ORM have raised and have access to a lot more than they need with their forecasts, but they may well need it.

I think we gave away to much for the financing, but at least the financing looks very robust in comparison to the above three mines which had just enough to get over the line and any issues hiccups have been costly.

Fingers crossed that the land issues are resolved in good time and we are able to hit the schedule.