Ormonde Mining Share Discussion Threads

[12vic] 05/6/2017 23:32

Thanks for posting Admiral - seems certain the tungsten will still be sold.

[steelwatch] 05/6/2017 23:11

Hope there is sufficient time for that situation to unwind, one way or the other, well before off-taking starts.

Thanks Admiral and just a tweak:

[admiral jellicoe] 05/6/2017 22:48

Article in Irish Independent.http://m.independent.ie/business/irish/ormonde-headache-as-work-on-spanish-mine-is-stepped-up-35788614.htmlTrouble with Noble Group, which is in a existential battle for survival!

[steelwatch] 05/6/2017 13:38

No change, but interesting additional remark from share price Angel today:

Tungsten - APT European prices $220-225/mtu vs $215-225/mtu – tungsten prices holding ground with many smaller Chinese mines selling material for any money they can get before they get shut down on health and safety and environmental grounds

[steelwatch] 02/6/2017 19:14

Let's hope for a mention in the financial pages of the weekend papers.

[admiral jellicoe] 02/6/2017 18:24

Yep....definitely regret not topping up earlier!!!! Great to see the rise though!

[12vic] 02/6/2017 16:46

All in all a good day, hopefully breaking 2p next week. Enjoy the weekend Orm investors.

[steelwatch] 02/6/2017 15:57

#ORM Ormonde Mining boosted as Barruecopardo mine set to come on stream - @OrmondeMining via @proactive_uk

The Barruecopardo product comes in right at the lowest end of the cost curve in tungsten, at US$113.90 per metric tonne unit.

[dolores123] 02/6/2017 13:44

Really good volume so far today. Bodes well!!!

[steelwatch] 02/6/2017 13:26

vic - it would be good to hear in the upcoming Annual Report an overall cost reduction is on the cards.

Meanwhile, only one sell on the board so far, and that could be misreported.

[12vic] 02/6/2017 12:48

Now at 26% +

Forgot to mention in my last post , does anyone have any thoughts on the project cash position. 16 million left and no debt taken at this point , but will start building up pro rata based on spend going forward. Did I read the announcement wrong as there seemed to be a suggestion that there might be cash left to go back into Saloro. If this is the case , would there not be a significant under spend ?

[12vic] 02/6/2017 12:23

Good to see Orm on the toplist again around 19% at the moment.
Maybe 3p will soon be possible , I think 2.25 was the most recent high prior to the decision to put things on hold last Dec. Now its confirmed the mine will be commissioned there should be a steady rise to at least 2.25 but there may be some resistance to get through before 3p. Hopefully a few more institutional investors will start to come on board the nearer Orm gets to production.

I'm now back into profit on these but plan to keep holding long term.
Steelwatch - thanks for your comment earlier.

[steelwatch] 02/6/2017 12:11

Commentary from both Hybridian and share price Angel:

[dolores123] 02/6/2017 11:29

Surely the share price should rerate to at least 3p in the short term following the removal of a lot of uncertainty today.

[admiral jellicoe] 02/6/2017 09:59

Despite the rock bottom price, I've still held off topping up. I'm still in debt reduction mode, hoping to be in a position to enter the stock market again around October. I think I will regret not availing of topping up!But I've held onto my holding, and dreaming of the day when Ormonde hits 1 Euro on the ISE.Tally Ho!!!

[steelwatch] 02/6/2017 09:09

Davy comment this morning:

Ormonde Mining

Ormonde issues construction contracts
Jun 2 2017, 08:35 IST/BST | Job Langbroek | Morning briefing |

The start-up is very good news for shareholders, removing any lingering worry that the project would be deferred or materially delayed. The timing should also suit the tungsten price cycle far better than if earlier start-up had taken place. The management change will also ensure full focus on project implementation. We think the stock should now begin to reflect the value of the project much more fully.

[dolores123] 02/6/2017 08:28

Just bought another 150000

[steelwatch] 02/6/2017 08:22

Not so lonely now vic and well done buying through the dark times.

[12vic] 02/6/2017 08:21

There you go, small purchase just made will show on Nex. Another addition to the Orm millions .

[12vic] 02/6/2017 08:15

Very tempting but I bought not that long ago.
May still jump in again though.

[steelwatch] 02/6/2017 08:08

Topped up with a few. Great price, but is no-one joining me? LOL

[12vic] 02/6/2017 08:07

A bit more detail about debt facility expenditure

www.proactiveinvestors.co.uk/companies/news/178686/ormonde-mining-presses-go-on-barruecopardo-mine-amid-rising-tungsten-prices-178686.html

[12vic] 02/6/2017 08:02

Could be interesting this morning. Most of the previous uncertainty here was the will they wont they go ahead with construction or possibly postpone further, now we have the answer the share price should start to firm.
Interesting decision in terms of Steve Nicol stepping down from the board , but I can see some sense in this.

[sleveen] 02/6/2017 07:59

Agreed Dolores.