Ormonde Mining Share Discussion Threads

[admiral jellicoe] 14/10/2018 23:41

Thanks for the link,,,very sobering reading.

[cyberbub] 14/10/2018 23:37

It's very sad for the employees, in an area of high unemployment. But the final comment in the article is telling....

[12vic] 14/10/2018 19:38

www.intherightvein.com/tag/almonty/

Piece summing up the downfall of Wolfe. Interesting read , looks at whether there might be a buyer for Drakelands ..... the man from Almonty is mentioned. General feeling is that buyers will likely stay away.
Second to last paragraph suggests price boost for APT may follow reduced supply.

[bazaoil] 11/10/2018 13:42

So this week......The 4th largest tunsten mine in the world goes out of production= less competition. Unfortunate for Wolf investors and staff but good for us.
APT is up $5 in China this week.Start of a rise..Good for us
We are one less week away from full commissioning.
Will be holding here and would top up further if i could afford to.

[steelwatch] 11/10/2018 12:46

Yes, their offtakers will be left short:

[dolores123] 11/10/2018 12:30

Wolf going under because of funding problems means one less tungsten supplier for now and one less competitor.

[cyberbub] 11/10/2018 11:05

I think you're probably right sadly. Excessive leverage causes this sort of contagion. But I can't see any company specific issues, so am not selling. Do we think there are any implications from the administration over at Wolf Minerals?

[roykeane2] 11/10/2018 10:59

I am guessing with markets the way they are lots of margin calls is probably the reason behind our sell off.

[cyberbub] 10/10/2018 14:25

Ay up... something stirring?

[steelwatch] 08/10/2018 21:13

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

(again)

[carlo sartori] 08/10/2018 14:27

Does make you wonder how well did the writer understand what he/she was writing about? The Phoenix is a decent satirical rag-mag..........definitely not to be used for investment advice!!!

[admiral jellicoe] 08/10/2018 14:17

It would be great if the calculations in The Phoenix article was correct, however we are all agreed it's out be a decimal point!!Pity,,but one cannot be too greedy!!Nevertheless pay day is getting closer!!

[12vic] 06/10/2018 17:41

Yes the maths in the original article is poor.
With the decimal point in the right place there is still room for the share price to improve significantly. This will be all about the Tungsten price as we enter production. In a really positive environment it would not be unreasonable to see the share price increase by a factor of 2 or 3 X .

[patsl] 06/10/2018 10:52

I agree with Gosoftly7 on 5 October that the valuation of €1 per share is about ten times too high.The correct valuation is about €.10 per share. His calculation of earnings per share seems correct at $.0148 or €.0135.

See post on London South East by JODO on 5/10/2018. See Phoenix III which says 'This would equate to a share price of over €1, although the current share price is only €0.06'. In my opinion this post is totally incorrect and is very misleading.

[12vic] 05/10/2018 16:34

Not to be sniffed at though when you factor in current share price 22 percent against 6c price.

[gosoftly7] 05/10/2018 15:18

Issued shares 472,507,482
Earnings $7,000,000
Earnings/share = 7000,000/ 472,507,482= $.0148 or approx Euro 0.0135.

A factor of approx. 10 times too high at Euro 0.125/ share

[4mrb] 05/10/2018 13:45

With its 30% carried interest in this joint venture, Ormonde Mining shareholders are looking at an attributable profit of just on $7m pa, which works out at earnings of €0.125 a share. This would equate to a share price of over €1, although the current share price is only €0.06.

Full print on L S E board

[admiral jellicoe] 04/10/2018 14:49

The article mention no new tungsten mines have opened since 2011. Since older less profitable mines have now closed the market has tightened.Cash operating costs per tonne is $100, break even costs at $170, so given we are at 280 there is serious clover up for grabs!!Pit has approx 12 years to run, but the entire project is estimated to run for 21 years or thereabouts.Don't forget another major issue...support from local and national Govts.The sun is starting to finally break through and we are looking at a 100% uplift in the share price at least!!Let the Good times Roll!!

[cyberbub] 04/10/2018 14:25

What assumptions did they make on tungsten price, Admiral?

[cyberbub] 04/10/2018 14:24

Yes they must be out by a decimal point, which is fairly shoddy! But still offers a great gain from less than 5p :-)

[12vic] 04/10/2018 14:20

Thanks Admiral

[admiral jellicoe] 04/10/2018 12:44

Interesting article in The Phoenix magazine, 5th October 2018.The real juicy paragraphs conclude net profit of $20m, giving Ormonde approx $7m / annum.They work out earnings / share at 12.5c, giving a valuation of more than €1 per share.Not too sure on calculation, I think somebody is out a decimal point!! I think closer to €0.1288 a share myself.

[12vic] 04/10/2018 09:10

Looks like the investment cycle is starting to pick up.
Even after all the historical delays circumstances still seem to place us years ahead of major competitors. The numbers here underline the anticipated value of future tungsten markets.

www.prnewswire.com/news-releases/ifg-capital-signs-exclusive-agreement-for-300m-tungsten-cluster-in-uzbekistan-aims-to-become-a-top-three-global-producer-840891232.html

[cyberbub] 03/10/2018 23:12

Interesting, so hopefully we should be able to charge a premium on the general market price... 10-15% or so is the sort of impression I'm getting?