Share Name Share Symbol Market Type Share ISIN Share Description
Ormonde Mining LSE:ORM London Ordinary Share IE0006627891 ORD EUR0.025
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.025p +1.23% 2.05p 2.00p 2.10p 2.05p 2.025p 2.025p 94,583 15:59:57
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.4 1.8 0.3 5.4 9.65

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Trade Time Trade Price Trade Size Trade Value Trade Type
29/09/2016 15:59:542.0894,5831,968.56O
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DateSubject
29/9/2016
09:20
Ormonde Mining Daily Update: Ormonde Mining is listed in the Mining sector of the London Stock Exchange with ticker ORM. The last closing price for Ormonde Mining was 2.03p.
Ormonde Mining has a 4 week average price of 2.02p and a 12 week average price of 1.90p.
The 1 year high share price is 2.35p while the 1 year low share price is currently 1p.
There are currently 470,936,824 shares in issue and the average daily traded volume is 163,739 shares. The market capitalisation of Ormonde Mining is £9,654,204.89.
29/9/2016
19:39
12vic: Just to add to Steelwatch's last post. "As part of the Project Financing, OCM Tungsten Holdings will, pursuant to the Facility Agreement, provide to Saloro a 5 year USD 55.5 million term loan facility, at an overall interest rate of 12% per annum. The purpose of the loan facility is to fund the development of Barruecopardo and once completed to fund the working capital requirements of the mine and related group companies, including the cost of investigation of an underground mine at Barruecopardo and potential satellite deposits which may provide additional ore to be processed at the Project. The Facility Agreement allows the Barruecopardo JV Board the flexibility with respect to repayment of principal, allowing Saloro to accumulate cash, if appropriate, enabling the potential for such cash to be applied for the fast track development of an underground mine. The Facility Agreement also allows Saloro the option to make distributions to its shareholders during its term." So the key points for me are: 1. Ormonde will only pay for 30% of this debt. 2. It's not clear we will need to borrow on the whole facility. The other 44 million should go a long way first. I do not believe there has been any draw down at this point. All indicators to date are that we are running under budget. 3. The terms are flexible. Allowing delays in repayment , distributions to shareholders etc. 4. The Senior partner is the lender as well as the holder of the majority of debt and they have already demonstrated their own flexibility around timings of project additional debt discussions. 5. The package covers development , operational costs and exploration going forward , this should limit company dilution for Ormonde. Seperately - If you are buying into Ormonde at the current share price you are still significantly at discount to Oaktree's investment cost and that of most of the larger shareholders + you have the added value benefit of progress made over the last year ( positive underground drilling results / commencement of development works ) and reassurance that the permitting issues compulsory purchase are coming to resolution. Of note Aurum mining had their AGM today so we may have news on plans for the other JV gold projects soon. Aurum recent placed for new funds so maybe in a position to commence further work.
23/9/2016
15:23
12vic: Interesting movement at Aurum mining our partners at the more prospective gold projects. They appear to have been oversubscribed in a recent fundraising issue. Significant upward movement in share price. The hope is the money will be used to take the JV projects further, but the company had talked of diversifying out of mining sector so not certain.
04/3/2016
14:58
dyfiman: Am bewildered.......... clocked in to ORM on the iii bull board mid-morning and saw p/centage rise of 21% approx. Hence my post. Was I dreaming it ? Was iii calculating wrong ?? Was it aliens trying to manipulate the share price ??? Ah.... no........ I'm Welsh. Say no more !!!!!! Apologies all and hope no harm done by this long-term holder who's determined to get, eventually, a profit after waiting patiently for a number of years. END
22/12/2015
14:30
dyfiman: ORM THOUGHTS at Christmas...........FROM WALES !! YES......... the share price is dire Yes....... there's not a lot the management can do Yes....... at times I've felt like jumping out of the window. BUT......... ORM has hooked up with Oaktree who are, apparently, very pleased (having struck a deal much to their advantage) and the plans to open a tungsten mine (With gold and copper possibilities also, still stands. SO.......... I don't know about you folks out their, but I'm holding on and well prepared to be patient for up to a year as the better option of selling up. that's because there is a good chance that the plan in hand will work. It's just a time thing (hopefully) as time is something I have. SO.......... (for the last time), let's enjoy Christmas and retain some optimism that management and OAKTREE can pull a rabbit out of the hat. FINALLY......Merry Christmas all Ormers still standing; particularly the likes of Big Bobby, Steelwatch and Dolores who have in the past flown the ORM flag with some passion. END
17/6/2015
18:25
steelwatch: Ormonde Mining* (LON:ORM) 1.8 pence, Mkt Cap £8.15m – Annual Results • The annual results from Ormonde highlighted progress on the Barruecopardo project. • The project has now been permitted with funding secured from Oaktree Capital. • The funding package is for US$99.7m and is a combination of project equity of US$44.2m and project debt of US$55.5m. • The funding structure gives Oaktree 70% ownership of the JV company which will own the Barruecopardo project. • A loss of €1.63m was reported for the year and cash at the end of the year stood at €511,000. Conclusion: Despite the securing of permitting and funding for Barruecopardo the share price remains under pressure. The backdrop for tungsten prices has been weak – however, the medium term fundamentals continue to be positive for tungsten prices as supply outside China remains constrained in the medium term with new supply from Wolf’s Hemerdon mine and Barruecopardo replacing production from bigger mines such as Cantung that are coming to the end of their mine life. The Oaktree deal has resulted in Ormonde becoming a minority owner of the Barruecopardo project with 30% ownership of the project. We are currently reviewing our valuation for the company based on lower tungsten price assumptions and a changed funding structure. While the valuation is sensitive to lower tungsten price assumptions this is partially mitigated by the fall in the Euro. Even with reduced ownership of the project, the inherent value of Barruecopardo provides scope for upside from current prices. The market may not however re-rate the shares till tungsten prices start moving from here and the project moves into the execution phase. *SP Angel act as broker to Ormonde Mining http://www.proactiveinvestors.co.uk/columns/sp-angel/22433/today-s-market-view-including-goldplat-hummingbird-resources-medusa-mining-tertiary-minerals-and-others-22433.html From the same link: Tungsten - APT price in China at $232.5/mtu vs $230-240/t now running ahead of European prices of $230-235/t
12/3/2015
04:48
steelwatch: Speciality metals and alloys: Tungsten APT European US$292.5/mtu unch vs US$292.5/mtu last week – tungsten prices edge up in China as traders buy for the new year Ormonde Mining* (LON:ORM) 3.375 pence, Mkt Cap £15.9m – Receives bid approach from Almonty Industries • Ormonde has received a bid approach from Almonty Industries. • The terms of the bid have not been disclosed. • The last approach made from Almonty was a paper offer at 5.75pence a share with the Almonty share price at $1.10. • The current share price of Almonty is C$0.67 with a market cap of C$32.8m or around £17.16m. *SP Angel act as broker to Ormonde Mining. Three share price Angel analysts have visited the Barruecopardo Mine in Spain. Simon Beardsmore was part of the team which built and commissioned the Los Santos tungsten mine nearby in 2007. http://www.proactiveinvestors.co.uk/columns/sp-angel/17985/todays-market-view-including-stratex-international-orosur-mining-sirius-minerals-and-kirkland-lake-gold-17985.html
18/2/2015
10:54
pro_better: from share price Angel Ormonde Mining (ORM LN) 3.125 pence, Mkt Cap £14.8m – Financing and Operations Update • The company has signed a term sheet for funding from Oaktree Capital Management. • The funding package is based on due diligence already conducted by Oaktree Capital Management and is on an exclusive period to April 2015. • The funding is to be split between debt and equity at the project level with Oaktree Capital to take a majority stake in the project. • Oaktree is also giving Ormonde a short term working capital loan of US$1.5m based on a share pledge of the project holding company. • Ormonde will remain as manager of the project and will receive an ongoing management fee. • Meanwhile the company is progressing the basic work to progress the project once funding is in place. Conclusion: The management team at Ormonde Mining has been working for a while to put together a funding package for the Barruecopardo tungsten project. A funding package with a mix of debt and equity had been expected with original expectations of debt funding at the PLC level of around 70% and the balance to be financed by some form of equity based on a total funding package of around €70m. Based on the current share price – this would have required a total of 499.2m shares being issued which is more than the current outstanding shares of 474.5m ie more than 100% dilution. Without knowing the split between equity and debt it is difficult to judge whether the deal on the table from Oaktree Capital of debt at the PLC level and project equity is better than debt and equity at the PLC level. In our view Barruecopardo is a valuable asset – it is a good quality tungsten project which is now permitted. Finding a project of this quality is difficult and shareholders who have been patient with this stock should hold on to see the final terms on this package. Tungsten prices are below the base case on the DFS of US$350/mtu which is 16% higher than the current spot price of US$292.5. In our view, a US$350/mtu price for tungsten is supported by supply/demand dynamics of tungsten and importantly the project still stacks up even at a tungsten price of US$250/mtu. In addition the Euro is now much weaker when the DFS was set at US$1.30 against current spot of US$1.14 which will make the project cheaper to operate.
18/12/2014
15:46
dyfiman: ORM share price has now risen by 41.81% as of a few minutes ago !!!!!! Anybody else watching these developments today - so close to ORM getting its funding for mining in place ????
16/12/2014
16:49
admiral jellicoe: Well if you look at the graph over the last year... Ormonde can go up fairly quickly, as well as down. There is also serious unrest with the Russian situation. If all was calm in the world I would be very very worried about ORM share price. However I think management require to make a statement to calm the waters. I was hoping we would be up by Christmas... but alas.
18/12/2013
11:18
steelwatch: 18 December 2013 Ormonde Mining plc ("Ormonde" or "the Company") Ormonde welcomes Irish Takeover Panel Statement The Board of Ormonde Mining plc ("Ormonde") welcomes today's imposition by the Irish Takeover Panel of a 31 January, 2014 deadline by which Almonty Industries Inc. ("Almonty") must either announce an offer for Ormonde under Rule 2.5 of the Irish Takeover Rules or announce that it will not proceed with an offer for Ormonde. Almonty has now had the benefit of a period of more than 4 months to date to advance an offer following its original proposal of a share for share exchange which triggered the commencement of an offer period on 9 August, 2013. Over this period, Almonty's share price has fallen by approximately 30% from a closing price on 8 August, 2013 (the last day prior to the commencement of the offer period) of CAD$1.10 to a closing price on 17 December, 2013 (the last day prior to the issue of this announcement) of CAD$0.77, valuing the issued share capital of Almonty at approximately CAD$28.5 million (approximately StgGBP16.5 million). Over this same period, the total shares traded in Almonty on the TSX represented 0.32% of its issued share capital, with an aggregate value of approximately CAD$107,000. This fall in share price and low level of liquidity follows a period over which Almonty reported a loss after tax of CAD$1.656 millionin respect of the three months ended 30 June, 2013 (the last period in respect of which Almonty has reported financial information). This together with the fact that the current liabilities reported by Almonty as at 30 June, 2013 (CAD$8.914 million) were 40% higher than current assets as at 30 June, 2013 contributes to Ormonde's view that Almonty's stated interest in Ormonde, and in Barruecopardo in particular, is opportunistic and, having regard to the less than robust financial position of Almonty Industries, without merit for Ormonde shareholders. The Board of Ormonde remains firmly and unanimously of the view that the proposal from Almonty lacks both strategic and economic merit. Advancing the flagship tungsten project at Barruecopardo is the Ormonde Group's immediate priority and in this context, final clarity on the intentions of Almonty which the Panel deadline now requires and/or the cessation of the ongoing offer period will be most welcome.
Ormonde Mining share price data is direct from the London Stock Exchange
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