Ormonde Mining Share Discussion Threads

[mip55] 27/2/2017 13:08

Still here too!From metalbulletin.com reporting on last weeks Genzhou Tungsten forum meeting:Tungsten concentrates prices in 2017 are expected to run at about 70,000-80,000 yuan per tonne. This would represent a rise of about 5,000 yuan on last year, underpinned by the global increase in demand and the decrease in inventory seen in 2016, a speaker from Yilanwang, a China-based tungsten information provider, told delegates on Thursday February 23. Tungsten inventory in China has decreased to a low level as many small miners halted operations last year because tungsten prices were dropping below the production costs of almost all Chinese miners and China's State Reserve Bureau bought more than 20,000 tonnes of tungsten concentrates during the year. Tungsten concentrates production in China was down by 7% year-on-year to 80,000 tonnes in 2016 as a result of miners ceasing operations, according to Yilanwang's statistics covering 46 major Chinese miners.

[steelwatch] 27/2/2017 12:59

No change from share price Angel today as reported earlier this month:

APT European prices $195-205/mtu

Guessing the chart above may just be catching up

[admiral jellicoe] 27/2/2017 12:46

Don't forget me!! I'm still in, have not bought any stock as I'm still paying down debt quickly. Perhaps towards the end of the year I'll start to top up/ average down etcUS stocks seen to have gone off like a rocket, strange things happening these days/ Brexit / Trump/ Greece/ Italy / French elections etcSome articles on zero hedge are almost apocalyptic. Hard to know what's a good investment or a fake one?

[carlo sartori] 27/2/2017 12:38

And me, the best news we can get in the absence of a positive RNS is a rising price for Tungsten............if we become a producing company in 2018 then we can take advantage of an increasing price.

C.

[bushead] 27/2/2017 11:24

Still here

[granto2] 27/2/2017 11:05

I can't share the same optimism, but I do share the stubbornness

[dolores123] 26/2/2017 22:53

Looking good - pop the champers!

[12vic] 25/2/2017 18:17

Is that a bit of a rise on the APT chart ?

[dolores123] 22/2/2017 13:35

Thanks for sharing that Terropol.

[terropol] 22/2/2017 10:38

A friend in the tungsten industry tells me some mines to be closed in China due to pollution....but before they close loads of pour quality tungsten is been dumped in the market. That could be the reason why prices have not started to recover yet....
When all that gets used up we should start to see a new dawn...
and just in time for our production hopefully.

[12vic] 20/2/2017 10:46

Agreed and expecting slow movement for APT in the right direction. This could move faster though if there's friction between the US and China.

[dolores123] 20/2/2017 10:13

Well lets hope the tungsten apt price moves up soon because orm's share price has just declined a little bit more.

[12vic] 20/2/2017 09:17

Mentioned a while back that I follow companies such as HDD (a tungsten carbide producer) for updates around the Tungsten market.

This is copied from most recent RNS

Hardide is starting to see an upturn in activity from its oil and gas customers. This follows the recent OPEC deal on cutting output, which has raised the oil price and resulted in an increasing number of North American drilling rigs being brought back into production. Our new development with a major producer of hydraulic fracturing tools is progressing well and we have seen a recent increase in demand from this customer as well as from our more-established customers.

"We are also seeing regular demand from the manufacturer of advanced baggage-scanners where our components are integral to the machine's functionality.

"Our aerospace developments are progressing to plan, with multiple applications now in test programmes across a range of customers. A number of high-volume components are currently in discussion with Airbus. We expect to be able to provide more news on this over the coming months.

"The new Hardide facility in the US is producing consistently-excellent product and for our high-volume North American customers.

"The board is monitoring closely developments in its target markets and remains confident about the medium- and long-term prospects for the company.

[mip55] 11/2/2017 09:47

Should be due an operations update before the end of the month if previous years pattern is followed.

[kennocoolmike] 09/2/2017 20:35

Waiting on this to move in the right direction is beginning to feel like waiting for something that isn't going to happen.

[carlo sartori] 07/2/2017 17:51

Yes indeed, thanks for the info Steel, good to get this on a regular basis, appreciate it.

Carlo.

[dolores123] 06/2/2017 18:42

Many thanks for the update steelwatch.

[steelwatch] 06/2/2017 17:26

and again:

Tungsten - APT European prices $196-205/mtu vs $194-200/mtu

[steelwatch] 30/1/2017 17:08

Slight firming:

Tungsten - APT European prices $194-200/mtu vs $$191-200/mtu

[steelwatch] 30/1/2017 16:29

DALLAS, TEXAS, UNITED STATES, January 30, 2017 /EINPresswire.com/ -- A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of global tungsten market on the basis of End-Use Application (Hard Metals, Mill Products, Steel and Alloys, Chemicals & Others), By End-User Industries (Automotive, Mining, Construction, Oil & Gas, Aerospace & Defense and Medical), By Region (North America, Europe, APAC and ROW) and By Country (U.S., Canada, U.K., Germany, China, India, Japan, Brazil and Saudi Arabia).

Global Tungsten Market is forecasted to grow at a CAGR of 4.25% during 2016 – 2021. Strong growth in tungsten market is driven by the surging demand for downstream tungsten products in varied end-user sectors including automotive, industrial engineering, energy, and aviation. Apart from that, the uncovering of the wide range of applications in allied industries like medical, defense and electric and electronic, has been impelling growth in the tungsten market.
Although, hard metals hold the major percentage share in the total tungsten market in the present, consumption of tungsten for mill products is projected to display a faster growth in the future owing to the increasing application in high growth electronic and construction industries. Regionally, tungsten demand growth is likely to be the fastest in the Asia Pacific region against the backdrop of economic growth in emerging markets. Developed regions of North America and Europe are expected to display a steady paced growth, mainly due to high expenditure in automotive and engineering sectors.

According to Azoth Analytics research report, Global Tungsten Market (By End-Use Application, By End-User Industries, By Region, By Country): Trends, Opportunities and Forecasts (2016-2021), market is projected to exhibit a CAGR of 4.25% during 2016 - 2021. Global Tungsten Market has been segmented on basis of End-Use Application (Hard Metals, Mill Products, Steel and Alloys, Chemicals & Others), By End-User Industries (Automotive, Mining, Construction, Oil & Gas, Aerospace & Defense and Medical), By Region (North America, Europe, APAC and ROW) and By Country (U.S., Canada, U.K., Germany, China, India, Japan, Brazil and Saudi Arabia).

[dolores123] 30/1/2017 13:47

Less competition for ORM - at least for a while

"Tungsten explorer Kemin Resources (KEM) was one of the biggest small cap fallers after it stopped work on both of its licenses until the Kazakhstan authorities provided approval." According to Sippdeal 30/1/17.

Also tungsten price seems to have increased recently. All good news I reckon.

[12vic] 23/1/2017 18:27

Tungsten - APT European prices $191-200/mtu vs $187-198/mtu - Putin orders the resumption of tungsten production (Investor Intel)

Vladimir Putin has decreed that tungsten production should resume in Russia to ensure its regular supply for domestic industrial production.

Production will restart at the Tyrnyauz tungsten-molybdenum plant at Kabardino-Balkaria in southern Russia.

The capital cost of the restart is estimated to be around US$250m for 1mtpa of ore

The Tyrnyauz field contains around 360mt of ore reserves and previously had a process plant capacity of 6.6mt.

Another Russian miner has also announced plans to invest around $60m in a tungsten project in Buryatia to produce some 2,800tpa of tungsten concentrates.

Strategically we wonder if Russia is concerned about more sanctions from Trump or China restricting the market for this strategic metal. Tungsten is important as a military metal due to its high strength.

[dolores123] 16/1/2017 21:39

Thanks Steelwatch. - Every little helps ...

[steelwatch] 16/1/2017 18:45

A sign maybe?

Tungsten - APT European prices $191-200/mtu vs $187-198/mtu

[terropol] 04/1/2017 12:12

Looks China going to spend $115 billion on new railways... And loads of new stations.... all helps.