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ORM Ormonde Mining Plc

0.75
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ormonde Mining Plc LSE:ORM London Ordinary Share IE00BF0MZF04 ORD EUR0.01 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.75 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Ormonde Mining Share Discussion Threads

Showing 6801 to 6824 of 10350 messages
Chat Pages: Latest  282  281  280  279  278  277  276  275  274  273  272  271  Older
DateSubjectAuthorDiscuss
06/11/2017
13:07
September and October pictures added to the gallery.
steelwatch
01/11/2017
13:51
Don't forget ORM have 30% of the project which equates to about E40m on a 100% basis.

So yes further share price upside, but on the back of further project development and WO3 APT price progress.

IMHO.

sleveen
01/11/2017
13:12
Can I now assume production commencement is less than 12 months away yet Ormondes market cap is only circa 12 million so plenty of share price upside to come.
dolores123
30/10/2017
18:10
Tungsten APT European US$275-285/mtu vs US$280-285/mtu last week
steelwatch
24/10/2017
18:24
Chinese APT still weakening:
steelwatch
22/10/2017
21:33
Tumble weed
micnoc2015
20/10/2017
09:26
Thanks steelwatch.

POW consolidating.

Producers of concentrate @ 60% should still get about $220/MTU allowing for the standard concentrate discount.

sleveen
17/10/2017
11:21
Tungsten APT European US$280-285/mtu vs US$280-295/mtu
steelwatch
15/10/2017
17:39
No problem Bizana - like others I have a large investment here, so worth me putting some time into researching and always happy to share.
ORM are very good at responding to questions, so always worth asking direct if you have any concerns. Thank you again for your posting from the AGM meeting.
Hopefully will have some new pictures on the Orm gallery soon as a catch up for September's progress.

12vic
15/10/2017
15:32
Thanks for sharing your research 12Vic. I find it helps me in filling out a picture of Ormonde.
As for Oaktree, Terrepol, our success or otherwise will be determined by Oaktree's exit strategy.

bizana
14/10/2017
11:04
Chinese APT still on the slide:
steelwatch
13/10/2017
19:18
More odd pricing again today. Mostly showing as buys?
I'm wondering if there's another big trade in the background.

12vic
12/10/2017
19:50
BIZANA, if I remember correctly the Almonty deal was at about 4.5p to their share price at the time of the offer....
Oaktree came in at just under 3.5p.
They will be looking to sell out when a fat profit is available....

terropol
11/10/2017
19:56
Thanks Bizana very interesting and all worth considering.

I think the move for Steve Nicol was to come away from the corporate side allowing him to focus on the mine development.

Also interesting but hasn't received any comment is the most recent appointment to the Ormonde board
Fraser Gardiner
COO
Fraser is a geologist with 20 years of experience in the mineral exploration and mining industry. After starting his career on gold discovery programmes and resource delineation projects in Bulgaria, Fraser worked for Ormonde from 2002-2010 on all the Company’s projects including the Barruecopardo Tungsten Project, and was a director of the Company from 2005-2010. Fraser then spent three years as Exploration Manager in Saudi Arabia for Barrick Gold Corporation and two years as Exploration Manager in Laos for a private mining business, prior to re-joining Ormonde as Chief Operating Officer in August 2017.

So whereas Steve's speciality is operations, mine evaluation and development projects. Fraser seems to be more exploration based, why bring him on board unless they might be looking to prove up other projects?

On Oaktree, Saloro sits in their european principles portfolio . The strategy as follows :

European Principal

Oaktree's European control investing strategy combines traditional private equity and distress-for-control activities, investing at any level of the capital structure, and seeking equity positions that result in substantial influence, control or total ownership.

Oaktree's European footprint provides introductions to strategic partners and intermediary relationships across the continent, and enables the sharing of industry knowledge and global investment experience. The investment professionals dedicated to Europe benefit from Oaktree's high yield debt, real estate and distressed debt presence there.

"We focus on business sectors where Oaktree has prior experience and expertise," says Caleb Kramer, the strategy’s portfolio manager, "or we partner with individuals or groups that have industry expertise but lack capital or other resources."

We particularly favor cross-border investments that benefit from European integration or provide opportunity for global distribution. We seek to maximize value through the divestiture of assets of large companies, and from enhancing the strategic and operational expertise of family-owned businesses.

I guess I've just generated more questions than answers .

12vic
11/10/2017
11:53
As to going private, that would cut off the ability to raise funds on the market for any future development of other assets.
steelwatch
11/10/2017
11:51
Depends whether any future Oaktree sale is to a buyer wanting Saloro lock, stock and barrel. If that buyer was happy to buy Oaktree out, but also happy to retain the partnership with the current operator, then no reason why Ormonde should be forced to sell imho.
steelwatch
11/10/2017
11:44
For what its worth some thoughts on Ormonde where I have been a shareholder since 2011:

Oaktree are financiers. They are not miners. That's why we have the present Saloro ownwership/management structure.
I assume that Oaktree are not long term investors in this project and will take a good profit when opportune.
Q.: What happens when Oaktree decides to sell?
A.: Ormond will have no option/right but to sell on the same terms. ie Ormond cannot block any sale of Saloro by Oaktree. Nor can Ormond opt to retain its 30% interest in that event.

12Vic, you have raised an interesting hypothesis - that of Oaktree mopping up Ormonds 30%. If part of the original package was for Ormond to manage the development why was it neccessary for Stephen Nicol to quit as CEO of Ormonde and to join Saloro (which I understood to be a holding company)? I suspect that the groundwork is underway for the eventual sale of Saloro/Barruecopardo.

Admiral Jellicoe, you ask about the "company" going private. If you are referring to Saloro, Oaktree hold all the aces and there's nothing to stop them trying.
If you are referring to Ormonde, I just don't see it as being in character for our Board to attempt this. However, I would be more reassured if the Directors were to increase their shareholding.
Maybe Mr Anderson has the answer - why pay a premium with a bid when you can keep mopping up shares at the present level?

My understanding, from conversations at the recent AGM, is that Oaktree's entry level was approx 3.5p and not 4.5p as previously advised.

bizana
10/10/2017
15:54
Thanks steelwatch,

Carlo

carlo sartori
10/10/2017
14:53
Terrpol I sincerely hope you are correct, about management and 10p.Just for the record taking a company private can be in shareholders best interests too, as well as being in the best interest of the company etc (sometimes).However I've read too many stories of scalping and gouging / skulduggery in various iseq listed companies over the years, where the best interests of shareholders clearly did not occur.Generally and not specifically, We are swimming in shark infested waters, always keep an eye open!But yes, let's see more of that 10p you were talking about!!! :-)
admiral jellicoe
10/10/2017
14:19
The Management have a duty to deliver for the share holders.
Having met them all, I am confident they are doing just that.
We may have to wait a bit but 10p will soon be on the agenda.

terropol
10/10/2017
13:56
carlo - I don't think so. Kerr was a Scot and Thomas is an Irish business man.
steelwatch
10/10/2017
13:39
I wonder is Thomas Anderson (who notified that he owned over 10% of the Company) anything to our departed CEO Kerr Anderson (RIP)?

Carlo

carlo sartori
09/10/2017
17:42
That's interesting Admiral and something I also considered previously, but probably in a different context. When the price was down at the penny mark I thought the company was ripe for takeover by a significant private investor given the value was only around 4-5 million.
Another scenario was Oaktree simply buying up Ormonde and then keeping the staff on to develop the project , leaving Saloro effectively 100% Oaktree.

12vic
09/10/2017
16:16
Does anybody think there is a possibility of the company going into private ownership?At what % of stock can the BoM take a company private? 25 or 30 %?I know there are some advantages of going private vrs public wrt regulatory reporting etc. The BoM can focus on getting the company up and running much faster etcI am suspicious.
admiral jellicoe
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