Ormonde Mining Share Discussion Threads

[cyberbub] 14/4/2018 14:09

Keep posting the tungsten price as best you can steelwatch, it's very helpful. Thanks.

[steelwatch] 09/4/2018 13:29

SP Angel's mining orientated 'Morning View' hasn't been published on the proactive site since 23 March, but clicking the chart above and then zooming the Rotterdam chart seems to indicate a small tick down. Hardly surprising given Herr Trumpentweeter's trade war threats!

Best I could find:

[dolores123] 09/4/2018 12:48

Good sign I hope

[12vic] 09/4/2018 12:21

Big movement on small trades and no news.

[dolores123] 03/4/2018 12:08

The development of the mine is going really well as can be seen from the company's website and we can look forward to commissioning in a few months time. The project is fully funded and the tungsten price is strong. I think we can expect the share price to begin rising anytime soon as more buyers move in.

[cyberbub] 03/4/2018 11:11

Another 300k sell. Surely it must be tax year sellers? Let's see what happens next week...GLA

[admiral jellicoe] 27/3/2018 14:55

You're most probably all correct, well let's hope you all are anyway!! Perhaps in 12 months time when Ormonde publishes annual report / results the share price will lift then / will have risen by then etc.Despite all the good news / professionalism of the company it's like waiting for Godot at the moment.

[bazaoil] 27/3/2018 13:00

A little bit more Patience with Mr Market on this one i believe. Yes there have been funny things going on in the market but the one thing that differs now from the "hundreds" of posts about where the share price should be is that (a) now we can physically see that the mine is months away from start up and (b) Tungsten price has recovered.It will fluctuate a little in the coming months but i believe it has a solid base.
I also believe the trade war with China is just being used by Trump as a negotiation tactic and markets are starting to agree.
This is all totally my opinion but personally i am confident it will come good. Baz

[cyberbub] 27/3/2018 10:58

Jellicoe, don't get frustrated by Mr Market. That's the way you will lose money. I feel the same emotions when an share price is irrationally low, but one just has to try to be patient and wait until 'value outs'... it's often a slower process than everyone would want!There are clearly still risks with Ormonde, but IMO relatively low, as I stated above. You have to try to minimise your risk, but accept that there is still a risk of losing some/all of your money, that's the risk of investing, compared to putting your money under your mattress... from where it could get burgled :-) !No advice intended

[rileyma] 27/3/2018 08:10

saloro gallery just updated too,,,,

[steelwatch] 26/3/2018 16:27

A few new progress pics available since I last looked on Friday.

Proactive hasn't posted share price Angel's column today (yet).

[admiral jellicoe] 26/3/2018 16:14

Well guys we are well past 250$ of APT etc and the share price cannot break out of 3p. Davy's also have price targets on Bank of Ireland which is way above what the existing share price is now. I'm not sure if Davy's recommendations have any real credibility in the markets. The thread on Ormonde is littered with hundreds of posts, perhaps thousands of posts about the difference between what the share price is and what it should be. I'm getting tired of it all. I think the real money to be made is in shorting stocks, not buy + hold and fundamental value of what the company is actually worth. Lot of strange things / manipulation happening these days in the markets. Maybe it's algorithms or what, but it does not make sense anymore, well at least to me anyway.Apologies for the negative whinge, but the company had a higher value when it held a few dreams and hopes, and nothing else. Now we are almost into real production with profit money about to come through the door, but the market is not buying it!!!!

[bazaoil] 26/3/2018 15:41

Agreed there should be a nice bounce on share price in the coming months. The following is copied from a post by Bizana on Interactive Investors this morning which re-iterates and reminds us how undervalued ORM is at present. Even if there is a fall in Tungsten price the share price should be a multiple of where it is now..........

"Company broker Davy's Job Langbroek, in a detailed analysis of Ormonde issued on 20/11/2017, gave the following net present value of Ormonde per share with Tungsten prices in US$ per metric tonne:

250$ 5.3p
275 7.0
300 8.7
325 10.4
350 12.2
375 14.0


cost of production is in €uro
price of Tungsten in US$
Share valuation in Stg

$/€ exchange rate on 20/11/2017 was 1/1.175
Dollar has depreciated approx 6% since.
Above calculations should be adjusted minus 6%

[12vic] 26/3/2018 14:58

Indeed. A good time to build a position.

Have been trying to work out how the so called trade War might effect Tungsten price. The negative impact so far seems to be mostly in the base metal markets. Minor metal sectors look far more resilient.
Given China's control of the Tungsten market you wonder if this is a strength area that might be exploited in some way i.e if you are not going to let us supply you steel on market terms, then don't think we'll let you access critical metals so easily.
Anyone have any ideas or seen any articles on this ?

[jbe81] 26/3/2018 13:40

Would expect a sharp rise here in the new tax year, a very good investment for the isa.

[cyberbub] 25/3/2018 21:01

Agreed jbe. Logically one would expect the share price to move towards 5-6p as the plant completion gets closer and closer.The positives here are:* virtually no political risk* little financial risk, given the deal with Oaktree* little risk of a placing, again given the terms of the Oaktree deal* little risk of delays to the plant, given the ongoing progress being reportedTo my mind the only significant risk is the price of tungsten. It's looking good at present, but of course we are at the mercy of the global markets, and 6 months is a long time in the markets...Of course there is always the risk of a black swan event, who knows.You pays your money, you takes your risk...GLA NAI

[jbe81] 20/3/2018 15:15

Orm looks very cheap at 2p with tungsten at current prices

[cyberbub] 20/3/2018 11:37

Yaay looks like I might have been right about 2p being the bottom... touch wood...

[cyberbub] 20/3/2018 07:10

Aha, it works on my phone too! DOH! Thanks.

[cyberbub] 20/3/2018 07:09

I'm usually accessing advfn on my phone...

[steelwatch] 19/3/2018 23:24

Cyber - NEX trades data can be accessed via the link top left in the header.

[cyberbub] 19/3/2018 19:10

550k is still only 10 grands' worth, it's not huge trades.Has it been offset by a buy on NEX?I tend to think that the increased volume down here at 2p suggests that we have found support and should see a rise again in due course.... probably famous last words!!! :-o

[sleveen] 19/3/2018 17:59

550k sell, something is going on. Don't ask me what.

[terropol] 19/3/2018 12:16

Looks Noble is done a deal with lenders to take big chunk of the company with a minority control of shares going to management.
Therefore we have to assume our off take contract remains in place.
And price of Tungsten getting stronger.