Ormonde Mining Share Discussion Threads

[rileyma] 12/9/2018 07:45

Yeap i agree,but fickle fickle markets

[dolores123] 12/9/2018 07:41

A minor delay to part only of the process is insignificant at this stage. Otherwise good progress.

[2prsimo] 12/9/2018 07:41

Yes a curate's egg of an RNS - hopefully the slight delay in commissioning won't get punished too much by the market

[mip55] 12/9/2018 07:20

Good news and bad news RNSIt is very pleasing to have achieved another major project milestone during the quarter, with the on-target commencement of commissioning of the crush and screen plant and the water treatment plant, taking the Project into its mine commissioning phase. This major advancement accompanied progress on the construction of the process plant where most of the major equipment has been installed and structural works are well advanced. "The commissioning of the process plant is now due to commence in early December, slightly later than originally planned, with first tungsten expected to be produced from early February 2019, to commence a new secure supply to the global markets."

[steelwatch] 11/9/2018 22:38

Cyber - Android, but not using the advfn app, so using the phone as a mini PC. I assume you can do the same on Apple:

[cyberbub] 11/9/2018 20:45

Thanks steelwatch, are you using an Iphone? I can't see anything top-left...

[wanobi] 11/9/2018 19:04

interesting read, cheers W

[steelwatch] 11/9/2018 18:35

cyber - just checked on my phone. If you tap the 3 bars top left and scroll down to the bottom, you can switch to desktop view which solves the problem.

[cyberbub] 11/9/2018 15:55

Does anyone know how to see (or go to) a post, in the new ADVFN user interface on mobile phones? There used to be a box where you could type in the post number and jump to that post.

[wanobi] 11/9/2018 15:08

hi KS, post 3739 by 12vic gives some insight into this, cheers W

[king suarez] 11/9/2018 10:38

Hello all,

Grateful if anyone could please clarify the project split.

I understand that the project has been 'fully funded' by Saloro (financed by Oaktree) and that ORM retain a 30% 'free ride'. How does that equate to what ORM will actually receive in cash terms?

Do ORM receive:

1) 30% of net cash flow generated after ALL costs (including debt repayment)
2) 30% of net operating cash flow i.e (before debt/interest repayments) - which are payable by Saloro(?).
3) Some other arrangement?

As I understand production costs are c$120 a tonne, but all in costs inc debt might be closer to $180 a tonne?

Trying to put an accurate value on the company :)

Thanks

[paulwinter10] 10/9/2018 14:46

I will be at the AGM with my wife, if all goes well! Don't be afraid to mingle! I am usually the first to vote yes on proposals at theses meetings, so you might recognise me that way! Kind regards, Paul Winter, ACMA

[rileyma] 10/9/2018 14:21

Agm 27th roy

[rileyma] 10/9/2018 12:27

🤞
Saloro gallery now also updated for aug and sept

[carlo sartori] 10/9/2018 12:05

Happy with this Steel, at least it is steady.

Tnx,

Carlo

[steelwatch] 10/9/2018 11:57

Tungsten APT European US$275-290/mtu vs US$275-290/mtu

[steelwatch] 10/9/2018 11:02

typo roy? Should be 27th I think.

[roykeane2] 10/9/2018 07:51

AGM on 23rd. Unlikely to be a statement before that

[jamie crawford] 08/9/2018 22:49

12p by Christmas would be great but I hope we will see more trading like buying and selling daily so if you want to cash it won't drop the sell price

[roykeane2] 08/9/2018 15:38

For those wondering what commissioning is, it is where company effectively demo the plant, testing it fully to make sure they hit the ground running.

[rileyma] 07/9/2018 22:19

Superb 👌👌👌

[cyberbub] 07/9/2018 20:42

Sounds encouraging. Having said that, we're being paid £1M p.a. as part of the Saloro deal, with minimal outgoings apart from a handful of staff. I'd be disappointed if the company won't stump up £200 for an RNS to confirm that formal commissioning is underway...

[admiral jellicoe] 07/9/2018 18:46

I'd say the installation / commissioning team are pushing very hard now to meet the various deadlines. 18+hr days would be the norm.Well done boys well done, it's just great when a plan comes together!!

[steelwatch] 07/9/2018 18:25

Pics updated:



Commissioning started