Ormonde Mining Share Discussion Threads

[iain222] 21/5/2018 09:05

It is always a good sign for the share price to rise when you have to pay over the ask.

[iain222] 21/5/2018 08:54

Cyberbub, you had to pay 3.2p ?
You can buy from Davey at 3.14p, unless you have bought big.

[cyberbub] 21/5/2018 08:47

Just bought a few more at 3.2p, should show up later.

[12vic] 21/5/2018 00:25

Thanks Bazaoil
Wow! Moving fast now. Pretty amazing really.

[bazaoil] 20/5/2018 21:22

Some fab news pics up on ORM site.really is looking impressive

[rileyma] 20/5/2018 10:05

340-345 👍

[12vic] 20/5/2018 09:28

Looks to me like the chart might be showing another tick up on APT prices. Could be delayed from last week ?

[cyberbub] 20/5/2018 09:24

Correction, yes I did, from a while ago, but had forgotten.

[cyberbub] 20/5/2018 09:23

I didn't realise the company was dual listed - where?

[admiral jellicoe] 18/5/2018 17:34

Iseq showing over 700k shares traded today, with a high of 4c. Bid at 3.5c and offer at 4c. Moving on up!

[cyberbub] 18/5/2018 11:28

Certainly I would hope 5-6p was achievable as we approach the commissioning of the mine in the next 2-3 months.

[cyberbub] 18/5/2018 11:18

As long as the Tungsten price stays well above $300, I would think that 10p is a reasonable target over the next 6-9 months?NAI

[12vic] 18/5/2018 10:13

The position in terms of ownership and debt structure is as follows. The JV Saloro has 100% ownership of the mine, production facilities and nearby exploration permits which go far beyond the Barruecopardo mine. Ormonde have a 30% interest in Saloro and Oaktree hold the remaining 70%. In terms of any costs,debt etc these sit with Saloro rather than the parent companies as does any operational profit. When the mine is established up and running Orm and Oaktree will be in a position to access profits through their 30/70 share. Additionally Ormonde will receive 1 million per annum as an operator fee.
In terms of the debt, Saloro has a huge advantage in that its funding comes direct from the parent company Oaktree, which leads to greater flexibility should there be any issues around repayment but these are not anticipated. Oaktree have already shown accommodation on this side when previously the project was held back waiting for favorable tungsten prices.

This is where my own calculations come in, so please treat as such only:
Probably the easiest way to look at this is in terms of all in costs against current APT price discounted by around 15% ( Saloro will produce basic Tungsten and not APT which requires further refinement.
The all in costs ( including debt repayment ) have not been published but in my view it is reasonable to see these being between $160-200. One of the contributors to this board went to last years AGM and came back with a figure of around $180. There is a basic operational cost figure on the website which from memory is around $114.
So working at extremes $200 all in cost ( which will likely be less) and say $280 sales figure there should be 80 x 260000 or 360000 to return to the parent companies after everything including debt covered. So $6,240,000 or $8,640,000 to Ormonde annually but plenty of room for these figures to be far higher.

[12vic] 18/5/2018 09:19

Hi Chrysalis will get back to you shortly on the ownership debt structure.

[chrysalis99] 18/5/2018 07:55

Has anybody seen an explanation of the mine's financial ownership and debt structure? And a DCF valuation for the mine? It's not in the corporate presentation.

[12vic] 17/5/2018 18:39

Recent article on the tungsten market.

www.finfeed.com/small-caps/juniors/speciality-metals-well-placed-light-chinese-tungsten-supply-crunch/

[12vic] 17/5/2018 18:33

All in all a good day. Could do with a formal update from the company to help us push on further.

[admiral jellicoe] 17/5/2018 13:28

About "friction" time too! Finally we have achieved breakout.

[12vic] 17/5/2018 13:21

Finally bid over 3p 😁

[dolores123] 17/5/2018 12:27

Might it break 3p today!!

[dolores123] 16/5/2018 16:14

Good volume today. Bring it on.

[dolores123] 16/5/2018 15:24

Sneaking higher!!

[admiral jellicoe] 16/5/2018 09:59

Euronext Iseq showing 1/2 million shares traded at 3.5 cent, bid at 3c, offer at 4c. London exchange seems to be lagging behind?