Ormonde Mining Share Discussion Threads

[jbe81] 08/7/2019 16:37

Certainly no loose shares about

[rileyma] 08/7/2019 16:25

Nice to see orm clambering back whilst apt is still weakening.
WHEN apt turns,we should slingshot higher still

[steelwatch] 08/7/2019 11:33

Tungsten APT European US$230-242/mtu vs US$250-255/mtu

[roykeane2] 03/7/2019 09:03

I think we are. Last time I looked there wasn't a single Spanish name on the register. There must be some local interest there surely!!;

[bizana] 02/7/2019 17:37

Are we listed on the wrong Exchanges?

Have a look at Tungsten Mining NL (TGN:ASX)
This appears to be purely an exploration company with with zero production and no mine.

Its highest grade reserves @ WO3 0.26% are the same as Ormondes lowest grades.
Ormonde/Saloro highest grades @ 2.59% are ten times better.
TGN mkt cap today is £91M (AUD 164m). Incidentally it is at a 52 week low and was
valued at £293M last August!!!
Saloro mkt cap today is £50M

[steelwatch] 02/7/2019 13:20

Couple of drone videos from about 3 months ago to help relieve the boredom:

[jbe81] 02/7/2019 12:33

Heading back to 4p

[steelwatch] 01/7/2019 15:32

At least it's holding, so hopefully at or close to the bottom.

[cyberbub] 01/7/2019 14:36

We could do with APT being closer to $300 ideally

[steelwatch] 01/7/2019 11:44

Tungsten APT European US$250-255/mtu vs US$250-255/mtu



Also as above on share price Angel today.

[cyberbub] 30/6/2019 11:37

Seems a bit late for an AGM, 3 months after the results... The interims will be due out by then! Hopefully they will issue an operational update in mid-Sept like last year, which will provide some more positive news.

[jamie crawford] 27/6/2019 19:51

Thanks steelwatch

[steelwatch] 27/6/2019 16:06

AGM will be held at the Crowne Plaza Hotel, The Blanchardstown Centre, Blanchardstown, Dublin 15 on Monday 23 September 2019 at 11 AM

[cyberbub] 25/6/2019 16:27

It is important to reduce risk definitely. Having said that, it depends on your level of analysis and conviction. In the past I have occasionally had 100% in one share if I judged it very low risk of significant fall (e.g. profitable and no funding requirements), reasonably liquid for trading, and with a blatantly obvious reason why it was about to rocket (e.g. a confirmed large seller about to finish selling, or a confirmed inflection point of some sort). Nevertheless, nothing is ever certain in investing and it's a risky approach so I am not recommending it! Overall I personally try to keep no more than 6 or 7 shares in my porty - firstly to concentrate gains (although it can also concentrate losses) and also because I just can't follow 20 or 30 shares in any degree of detail. But that's just my approach - everyone has their level of risk they're happy with. Would I buy more ORM at these levels of I had any spare cash? Probably yes, but I wouldn't go all-in by any means, the picture is still slightly unclear. Still that's what makes a market as they say. Good luck all, no advice intended etc

[admiral jellicoe] 25/6/2019 15:26

Jamie,If you have money to invest you'd be best to put your money elsewhere.Diversification is very important.

[jamie crawford] 25/6/2019 10:49

Is anyone brave enough out there to make a prediction for Christmas this year on what the share price will be and hopefully it's better than where we are now.

[jbe81] 25/6/2019 10:05

No need to panic, great time to buy

[jbe81] 25/6/2019 10:04

Can't get a quote to buy any online

[cyberbub] 25/6/2019 08:45

I don't see any reason to panic here.*We've agreed that there is no likely need for any fundraising in the end.*The mine is commissioned and ramping up.*The initial feedstock appears to have been poorly selected and they need to increase the grades. If the JV needs a few mill more, they appear to have plenty of headroom on their loan facility.* The tungsten price has dipped, but is forecast to rise again due to supply/demand* Even the lowest share price projection is well above the current SPDoes that accurately summarise the position?

[paulwinter10] 24/6/2019 18:35

I'm in for the long long term. I bought shares in Ormonde when they were prospecting in the Baja peninsula in Mexico and in Africa for gold nearly 30 years ago! I enjoy the AGMs that I have attended just down the road from me. Maybe this shareholding might provide a small pension for me in 8 years when I plan to retire!

NPV projections at this time don't amount to any optimism I would think! I believe share price is very much a play on the price of tungsten. Is it true that China now controls and dictates the tungsten price? It's a small globe we now live on!

Kind regards,

Paul Winter.