Oriel Resources Share Discussion Threads

[grgkecer] 30/6/2006 17:24

Final Results:

[wiseacre] 23/6/2006 16:41

Interesting that the company not forced to make comment after takeover suggestion in press last weekend but some deal must be cooking. My guess is a major is looking to do jv and Oriel could have a free carried interest. Quite a bit of interest in the shares today which imho look a steal at this price. Note the spike up to 40p just before the market correction.

[novicedave] 23/6/2006 15:14

A few decent T trades today, judging by the price movement all buys.

[flagon] 19/6/2006 16:09

Just heard back from the company. Results are due in the last week of June.

Await with interest.


Good luck,


Flagon

[flagon] 19/6/2006 11:55

Results should be either this week or next. In addition, the AGM last year was held
on the 30th June. So this years should be shortly.

A few smallish buys trickling in today.



Good luck,


Flagon

[adam] 18/6/2006 15:04

Hardly surprising. The economics are stupendous, and would produce 4.5% of world Chrome at a very lucrative IRR. After tax NPV for Voskhod alone is over 3x current market cap and that is probably conservative. I tried to buy some stock in the sell off and could not get a good price. I did eventually get a few but the market is certainly tight for stock which is a welcome change. I got an email response recently from Nick Clarke to a question I had on financing, and it was extremly bullish. They seem confident that they do not need to dilute shareholders, to raise $100m, but the note from Haywood implies they do. I did not get a response to my email from the Haywood analyst and the phone number did not seem to work I have to say that although I love the idea and excitement of a bid and some fast bucks that there is nothing at all wrong with Oriel trying to bring more value to shareholders and going alone. I think a cheeky bid here would be 60p, but in reality Voskhod would trade at 10x net cash flow of $80m, or $800m. The market cap of Oriel is $110m. 60p would be cheap at $225m and would also give them Schevchenko for free. But 60p is twice the current market price and would RAB be tempted to take that for their 20% and stuff it in something else? Probably. The market is jumpy about resource stocks in general. They would have to move before financing (2H 2006). Certainly the timing would be right.

[novicedave] 18/6/2006 10:37

Yesterday's Times:
"Oriel Resources, the miner with nickel and chrome interests in the former Soviet Union that floated at 65p two years ago, rose 1 1/2p to 29p on word that a larger rival is in the early stages of evaluating a bid. The predator, which is thought to have lodged its interest with Endeavour Financial, Oriel's adviser, is said to have been drawn in by the company's Voskhod chrome project in Kazakhstan".

Note- just a rumor, but interesting nonetheless.

[flagon] 16/6/2006 10:36

The recent brokers note from Haywood Securities is also now available from the Minesite website.

Is it safe to come out now ?




Good luck,


Flagon

[sirmoori] 16/6/2006 07:21

Closed at 60c in Toronto or 29p.

[drewz] 15/6/2006 14:52

This looks an excellent BUY at current levels.

100% return likely over 18 months.

[flagon] 15/6/2006 13:07

Cheers novicedave. Hope your s/b works out for you.


Flagon

[novicedave] 15/6/2006 13:01

Very good read flagon, thanks for that!

[flagon] 15/6/2006 12:58

New brokers report out on Oriel Resources.

Target price - C$1.15.





Good luck,


Flagon

[sivsy] 15/6/2006 11:49

I'm adding at 29. So watch it fall.

[flagon] 15/6/2006 10:01

Oriel seem to be at the right place, at the right time and IMHO the right price !!


DANGER LOOMS FOR STAINLESS STEEL SECTOR AS CHINA RACKS UP PRODUCTION

Remarkable growth forecasts for China's stainless steel sector were made at a recent industry meeting in Shanghai. Chinese production capacity in 2006 will be double the figure in 2004. Moreover, if current expansion plans are fully realised, China could be melting more than 16 million tonnes per year in 2010 – equivalent to more than 60 percent of current world output.

China is already having a determining influence on global stainless markets. In the first half of this year, its stainless crude steel production jumped by 54 percent year-on-year, while output in almost every other country was falling, according to figures from International Stainless Steel Forum.

The surging expansion of domestic production is making China less of an import market, and more of an exporter in its own right. The oversupply that has characterised the global stainless steel sector this year may become persistent.

Mills supplying the Asian market are already suffering. Leading producers – including Posco, Nisshin Steel and NSSC – have cut back their operating rates in order to reduce the oversupply that has undermined prices. European mills have switched more of their exports to Russia, whose own stainless production has suffered as a consequence – falling 40 percent in January-August 2005.

One large nickel supplier expects Chinese stainless consumption to grow by 9 percent per year for the next decade. Even if this rapid growth rate is realised, it will still leave China with an exportable surplus of stainless steel from its newly expanded plants.

Few people believed China would install so many new stainless production units. Indeed, even some in the Chinese industry accept that the country is building up excess capacity that could overhang the market for years to come. Several other producers are already too advanced in construction work to cancel their expansions; but they may have to delay start-up or mothball some installations if they are to protect their profitability.

[novicedave] 14/6/2006 08:28

Time for some bargain shopping.
£150pp for December with spreadex should do the trick.
Ahh...the relief of the addict.

ND

[kermit] 08/6/2006 06:53

Commodity Strategists: Nickel to Rise on Demand, Goldman Says

June 7 (Bloomberg) -- Nickel prices will rise in 2007 and 2008 as demand, led by increased production of stainless steel in China, outpaces supply, Goldman Sachs said.

Nickel prices may average $7.42 a pound this year, Goldman Sachs JBWere Pty. analysts Malcolm Southwood, Paul Gray and Marc Bonter said in a report yesterday. Forecasts for next year and 2008 were raised to $7.30 and $8.10. Previous forecasts were not given, and the report didn't specify if the forecasts were for the spot market or three-month futures prices.

Surging demand from consumers and investors amid falling stockpiles and supply disruptions has spurred a three-year rally in the prices of many commodities. Nickel for delivery in three months on the London Metal Exchange has risen 53 percent this year, reaching a record $23,050 a metric ton on May 26, equivalent to $10.46 a pound. Prices have since slipped 11 percent to $20,625 at 9:35 a.m. London time today.

``We now envisage considerably stronger nickel market fundamentals in 2007 and 2008 than we had previously forecast,'' Southwood, Gray and Bonter said. Nickel, as well as copper and zinc, are ``expected to experience very tight, or tightening, fundamentals over at least the next two years.''

Nickel is added to steel to make it rust-proof. China's stainless steel production will climb 32 percent to 4.4 million tons this year, and 33 percent next year, Southwood and colleagues said. Output will increase by a further 23 percent in 2008, 20 percent in 2009 and 16 percent in 2010, they said.

At the same time, nickel supplies will be tight, mainly because Inco Ltd.'s Goro project in New Caledonia and BHP Billiton's Ravensthorpe project in Australia would begin production later than expected, the analysts forecast.

Goro, Ravensthorpe

The first output from Goro may be in the fourth quarter of 2007, while Ravensthorpe will begin production in the second half of 2008, with ``shallow ramp-up profiles for both projects,'' the report said.

Still, nickel prices may stabilize in the second half of this year as companies run down inventories of both nickel and stainless steel, the three analysts forecast.

Rapid growth in Chinese stainless steel production could also push nickel prices lower in the coming months as other countries would produce less stainless steel, they said.

Nickel may average ``just'' $6.40 a pound in the fourth quarter this year, the report said. Three-month nickel futures prices on the LME averaged $5.78 a pound during the fourth- quarter last year, according to Bloomberg data.

To contact the reporter on this story:
Meeyoung Song in Seoul at [e-mail]

Last Updated: June 7, 2006 04:39 EDT

[mikehardman] 07/6/2006 15:52

added yet again, sub-35p;
perking up again

[grgkecer] 07/6/2006 06:42

Oriel Resources' SRK Study Appears Promising

[knackers] 06/6/2006 21:17

There you go a little faith can go a long old way. Accumulate at these prices.
Quality will win through.

[bitterlemontart] 06/6/2006 17:15

Oriel Resources says Voskhod chrome project continues on schedule

LONDON (AFX) - Oriel Resources PLC said its 100 pct-owned Voskhod Chrome
Project in Kazakhstan continues on schedule after completion of the SRK
Feasibility Study.
The results of the feasibility study confirm management's decision to
fast-track development of the Voskhod Project and indicate significantly
improved production output and economic metrics when compared to the Preliminary
Assessment Study ('PAS') prepared in 2005.
The study indicates an 80 pct increase in average annual saleable chrome ore
to 900,000 tonnes.
Executive chairman Dr Sergey V Kurzin said results from the SRK feasibility
study are extremely encouraging with an almost 100 pct increase in the mine's
output from initial studies.
"We have made excellent progress in a short space of time and will have the
mine in production in early 2008; only three years from acquisition."

[e-mail]

[daz2004] 06/6/2006 14:22

BLT - any figs on the increased output and what is means in terms of value to ORI?

TIA.

[bitterlemontart] 06/6/2006 13:00

unionhall - ORI look way undervalued to me....on a 18 month or so view....plus the chart looks good to me....