Ormonde Mining Share Discussion Threads

[dolores123] 28/8/2018 15:36

Some selling is normal in a stock that has risen quickly for a while. In other words nothing goes up in straight line.

[wanobi] 28/8/2018 11:20

thanx malcontent, excellent response thanks, exactly the sort of thoughts I had this morning.. I'm looking to buy more of these so the run away share price early doors today has made it tricky for me... cheers W

[steelwatch] 28/8/2018 11:12

rileyma - I suspect US trade tariffs and Brexit aren't helping either. Roll on 2020...

[malcontent] 28/8/2018 11:04

well having steadily build a decent position at the lows, it is the eternal difficulty- do you set a price target and move on, or do you hold and hope- sometimes you win big, sometimes you lose some/most of the profits - I've never found the "correct" answer - I'm a buy-and-hold merchant generally so that tends to be what I do, with half an eye on the long-term charts

IN that respect, there are two potential targets - 10p and 20 p (now that would be tasty...)

[rileyma] 28/8/2018 11:04

a general summer demand lull is cited from what i can find,
hopefully break into september and things will pick up

[steelwatch] 28/8/2018 10:52

Tungsten APT European US$280-300/mtu vs US$300-315/mtu

[fillipe] 28/8/2018 10:39

Zar Mir today - looking to 8p tp.
Most welcome.

f

[wanobi] 28/8/2018 09:25

thanx guys, cheers W

[fillipe] 28/8/2018 09:17

L2 - best bid/ask on show....5.40p v 5.85p.

Only 150k shrs showing on each side, with the highest ask at 6.0p.

Current mkt cap at 5.625p = £26.55p, so a lot more rising still to come.....am looking for starters 10p here, having been acquainted with ORM for many years now.

f

[rileyma] 28/8/2018 08:38

Between 8 and 12 depending on sentiment, apt etc,,,

[cyberbub] 28/8/2018 08:37

10p by Xmas if all goes to plan IMONAI

[wanobi] 28/8/2018 08:19

"😀" Mr. Miyagi,,,,,,, wanobi San, you beginners luck!!!!

what share price targets do people have on ORM?

Cheers W

[cyberbub] 28/8/2018 08:18

Nice!!Need a bit more volume though...

[rileyma] 27/8/2018 19:00

I expect the saloro gallery to be updated soon rather than later

[rileyma] 27/8/2018 18:58

Ur in the right place 335k traded 👌

[wanobi] 27/8/2018 17:55

Hi rileyma, 167922 shares traded is all I can see without a DAVY account,, can I see more information somewhere else? Thanx W

Just found ISE website showing 335,844 shares traded!!

Where do you look please?

Cheers
W

[rileyma] 27/8/2018 16:49

Some reasonable trading on iseq today
250k bought at 6.2p couple of 40k sells at 5.8p spread tight for island

[gotabsirius] 27/8/2018 09:25

This is a Key point. Only 40% of the resource has been booked as reserves. A drilling campaign will start as soon as mine is operational which will likely double the reserves and is the one most important fact which will add value to this project

[roykeane2] 26/8/2018 23:42

I remember walking the land with Kerr many years ago when it was barren. Then details emerged of various discoveries etc. I remember asking Kerr what he thought the actual resource number might be(when u in your bed at night dreaming) and he guestimated reserves to be double those published!!!!!
Let's hope he is right

[12vic] 26/8/2018 22:06

I think the best case scenario is a bit of both. I'd imagine the focus would be on the debt but they have built in facility to allow dividend to be paid alongside this. In hard terms the decision here will probably rest with Oaktree. From Ormondes perspective they were keen to point out that there would be flexibility to pay dividends when the deal with Oaktree was announced.

[patsl] 26/8/2018 21:15

Hi all

I have been a holder of Ormonde shares for many years. Finally things are looking up for shareholders. Does anyone have an opinion on the following
Once the mine is up and running (and making profits) will the priority be to repay debt or is it expected that there will be dividends - it could also be a mix of both i.e. repay debt over x years and distribute the remainder in dividends each year.
Hello to Big Bobby - hope you are well.

[wanobi] 25/8/2018 23:27

thanx guys, wishing you all the best with this one,, cheers W