Ormonde Mining Share Discussion Threads

[steelwatch] 14/5/2019 11:24

jamie - they have a lot of drilling, blasting, rock moving and pumping to keep them quiet whilst getting into the grades, but probably want to make a splash leading up to results in about 4/6 weeks time. See the last flyover again, towards the end.

[jbe81] 14/5/2019 11:22

I assume the lack of activity is because they are in discussions with another party, to me its the most likely explanation for no activity on the website and lack of an update.

[jamie crawford] 14/5/2019 10:18

They can't delay production by much what just let the work crew sit around ...the plant needs to run for them to maximize productivity.I am just annoyed that ormonde are staying so quiet

[dolores123] 14/5/2019 09:29

So do we now assume that they are delaying full production waiting for increased tungsten prices?

[steelwatch] 13/5/2019 11:11

Tungsten APT European US$270-280/mtu vs US$270-280/mtu





The chart above seems to be indicating a dip however.

[buywell3] 10/5/2019 07:03

My thoughts re delay in production

Tungsten price shown in the chart link indicate they have kept falling since it peaked in 2012.

Price has halved since then




My take FWIW is that production has been delayed in the hope that contracts for delivery could be signed at higher prices.

[cyberbub] 09/5/2019 23:34

Dolores, if the price of tungsten really does start ticking back over $300 and full production finally gets under way successfully, I agree that we could be in the 8-10p range by Xmas. Touch wood, NAI etc. First step is to break and hold above the resistance level of 6p. GLA

[jamie crawford] 09/5/2019 18:19

I added a few more today on the iseq.lets hope tomorrow is another good day

[admiral jellicoe] 09/5/2019 16:05

About friggin time! Iseq / Euronext has risen but at relatively low volume, still going in the right direction.

[dolores123] 09/5/2019 10:53

Following the awaited announcement of full production and sales we might see 10p before xmas 2019.

[12vic] 09/5/2019 10:42

News surely on its way and MMS reluctant to sell at lower prices?

[dolores123] 09/5/2019 10:34

An update must be due soon??

[jamie crawford] 09/5/2019 10:31

Is there something announced or is it just the shares bought this morning that the price has increased so much it seems alot if it's just the share.

[jbe81] 09/5/2019 08:12

Doesn't look like there are any loose shares about, should be moving quickly with buying.

[iain222] 08/5/2019 15:42

You would hope news must be soon.

[gotabsirius] 08/5/2019 15:30

Update inbound?

[jbe81] 08/5/2019 14:52

Nice to see some buying

[steelwatch] 07/5/2019 23:11

Nice find rileyma.

[steelwatch] 07/5/2019 13:38

SP Angel today:

Tungsten APT European US$270-280/mtu vs US$270-282/mtu

[steelwatch] 29/4/2019 12:07

SP Angel today:

Tungsten APT European US$270-282/mtu vs US$270-282/mtu



Not sure if they are right though

[steelwatch] 26/4/2019 10:51

From today's share price Angel morning note:

Roskill, the mineral consultancy, ask the question is tungsten heading for a deficit in 2019.

The retooling of factories is helping to drive demand with a 5% yoy increase seen last year.

Chinese supply was hit by new regulations saw environmental restrictions in Jiangxi, Hunan and Fujian.

Ormonde Mining* are commissioning the ‘world class’ Barruecopardo’ at present with commercial production expected shortly
*SP Angel act as broker to Ormonde Mining


Short term, APT may have weakened slightly according to Metal Bulletin last night:

[bazaoil] 26/4/2019 10:35

Come on Ormonde. It’s May next week FFS. Can’t believe,after looking back at RNS’s from last year and attending the AGM, that its nearly May and still no news . It is frustrating!

[jamie crawford] 26/4/2019 06:47

Come on ormonde it's two months now since a last update give us shareholders some good news we must be near to production according to roskill tungsten prices are to rise this year so hopefully the long long wait might be worth it.