Ormonde Mining Share Discussion Threads

[mip55] 05/9/2017 07:04

From this mornings update:With the APT price continuing to climb steadily, indications are that the decision to accelerate construction at the Project has been a timely and appropriate one, with the stage now set for the Project to commence commissioning in Q3 2018 against a backdrop of a much improved tungsten price environment."

[admiral jellicoe] 05/9/2017 03:44

On the plus side, price of oil is still relatively low, $50 approx, so operation of plant / machinery and trucking it out should be cheaper than previously estimated. Any news on Noble group or their replacement? I wonder are management looking at options here?

[12vic] 04/9/2017 15:21

Celeritas - I agree , there is information out there but as posted previously much of it is dated ( from 2012 feasability), the full Opex won't be published until the mine operating contract is confirmed.
I have ball park figures of c $125 - $160 .

[steelwatch] 04/9/2017 12:37

SP Angel confirmation today:

Tungsten APT European US$285-300/mtu vs US$269-275/mtu. Chart above also skyrocketing :)

[celeritas] 04/9/2017 12:31

Thanks 12vic, I have these on watch. It would be nice to if aisc were easily found, or a guide.

[dolores123] 04/9/2017 12:18

The rise in the tungsten price will underpin Ormondes share price recovery and is excellent news.

[steelwatch] 04/9/2017 12:16

vic - tried to access via the free trial, but they require a corporate email address. Unfortunately, I am in God's waiting room territory.

[12vic] 04/9/2017 12:12

Morning - have seen some deals towards end of last week may have exceeded $300+, again not in a position to back up with any trade data so apologies.
There is a brief ref to this on MB if anyone has access.

[dolores123] 03/9/2017 11:07

The latest move back up in the tungsten price coupled with the ongoing progress in the mine development for production to commence next year clearly reveals just how undervalued Ormonde now is. I think we can expect a significant rise in the share price over the next few weeks and months.

[12vic] 02/9/2017 20:22

Indeed Steelwatch - looking forward to next week.
At this rate Orm should have potential to earn its current market cap per annum.
Also watching the copper price as I still feel there may be options around La Zarza.

[steelwatch] 02/9/2017 13:44

Moving up nicely Vic :)

[12vic] 02/9/2017 09:32

Nearing $300

MB Showing price change 01/09

Tungsten European free market APT
$285-300 from $269-275

[12vic] 31/8/2017 09:08

Thanks mip .

Talking about other Tungsten companies I noticed Almonty were plus 30% yesterday.

Also heard that Chinese APT was now over $290 mark , unfortunately I don't have access to any quote data to confirm.

[mip55] 31/8/2017 07:24

From the Wolf Minerals RNS this morning:In addition to the improvements in operating performance, Wolf has also seen an improving trend in the price of tungsten, with a 44% increase since December 2016 from US$187 per mtu to US$269 per mtu in August 2017. The strong price growth has been particularly evident recently with a monthly increase of US$30 per mtu in both July and August.

[12vic] 30/8/2017 09:36

last trade 442,000 at 2.25 :)

[12vic] 30/8/2017 09:03

Maybe I was right .
Starting to go up this morning.

[dolores123] 29/8/2017 19:06

12vic - yes will be good to see it over 2.5p or so. By then there could be enough momentum to keep it going.

[12vic] 29/8/2017 18:50

Strange no trades either way today.
Feels a bit like the calm before the storm (in a positive sense).
When this next moves up would like to see break through 2.5 - 3p

[dolores123] 29/8/2017 16:04

Excellent. The potential for the mine is back on track.

[steelwatch] 29/8/2017 14:55

Confirmation from share price Angel today as per previous posts and already indicated by header chart:

Tungsten APT European US$269-275/mtu vs US$250-256/mtu

[dolores123] 29/8/2017 08:35

Looks like the mms have hardened the buying price a tad in anticipation.

[12vic] 28/8/2017 21:11

Chinese environmental crackdown likely to prop up metals and minerals prices

www.indoasiancommodities.com/2017/08/26/chinese-environmental-crackdown-likely-prop-metals-minerals-prices/

[12vic] 28/8/2017 21:08

... and likely more rises in near future.


European APT, ferro-tungsten prices jump on tight supplies, high replacement costs

Benchmark ammonium paratungstate prices soared to their highest level since March 2015 last week as sellers elevated their offers, reflecting Europe’s exposure to the rallying Chinese market.

APT prices were up 7.5% week on week, assessed at $269-275 per mtu, cif Rotterdam, on August 25 compared with $250-256 per mtu previously. Consumers are expected to return to the market in September, at which point sellers indicated they would open their negotiations at price levels similar to those seen in China.