Ormonde Mining Share Discussion Threads

[cyberbub] 15/8/2019 20:59

Recent falls have all been on low volume. Most people seem to be holding on for better days?

[dolores123] 15/8/2019 10:32

Hoping the tungsten price has reached bottom as suppliers hold their prices according to metal bulletin. News in September should support the share price as well.

[bizana] 14/8/2019 16:08

Today Ormonde's shares are worth fractionally less than 2.3p!!
That is according to Davy's valuation of 20/11/2017 at today's ATP price of $200/MTU and with a €/USD exchange rate of 1.10

It could be worse:
with an FX rate 1.18 valuation is 1.2p and rate 1.25 valuation 0.3p
Until tungsten prices recover the share price can only go in one direction.

Fasten your seatbelts,

Bizana

[dolores123] 14/8/2019 13:02

As a new and state of the art mine this seems oversold as is the tungsten price. When tungsten recovers our mine will be in full production of high quality ore and the share price will bounce up. Have patience and enjoy this opportunity to buy.

[steelwatch] 14/8/2019 12:08

No quote from share price Angel so far this week, but they said this today:

Fanya Exchange stock – blamed for price falls in tungsten, indium and antimony

Potential sales of some key industrial metals are being blamed for further price weakness in tungsten, antimony and indium.

The Fanya Metal Exchange which is sometimes referred to as China’s Ponzi Scheme ran from 2011 to 2015.

Traders are concerned that Administrators managing the winding up of the Fanya Exchange may start of offload tonnages of the metals into the market.

Prices are likely to fall temporarily as the Administrators auction metal into the market.

The Fanya Exchange focussed on technology metals and held meaningful tonnages of rare earths and key industrial metals, particularly indium which was seen as critical for LCD screens and solar panels.

The exchange offered investors returns of 13.7% for investing in these metals but later froze fund withdrawals in April 2015 with assets worth some Rmb43bn ($6.7bn) leaving 220,000 creditors.

Investigators impounded some 70,000t of commodity assets in June 2016

In 2014 the fund has the world’s largest stock of bismuth (19,000t), indium (3,400t) and Rare Earths.

There have been some sales of the Fanya inventory but we do not know how much stock remains. We suspect prices of these key metals will rise once the Administrators have placed the bulk of the remaining stock.

[rileyma] 13/8/2019 20:41

It maybe a bag of pork scratchings then 😁

[paulwinter10] 13/8/2019 20:23

I am following Boeing share price at the moment. A lot of their planes are grounded, and they are loosing billions.

However this is not reflected in the large share price!

Perhaps, as Davy and others contend, the Ormonde Share price is greatly undervalued, and needs another look at. It may revive as Boeing's Share will.

[paulwinter10] 13/8/2019 20:18

AGMs can be guaged by the size of the breakfast they offer on the day, I have found. Horizon,in their heyday used to have a banquet at their AGM, but it went down to cups of coffee and a biscuit in their poorer showings of the share price!

[paulwinter10] 12/8/2019 22:09

Who is attending the AGM in September in Dublin? I will be there to ask some questions and meet and greet anyone who is interested in chatting.

I was hoping that the share price would climb in the coming few years, and use it to fund my children's college expenses!

Be there, or be square!

Kind regards,

Paul Winter

[mip55] 12/8/2019 15:40

If last year is anything to go by, Trading Update around 12Sept. Followed by Interims 2 weeks later.... so we get Finals, Trading Update and Interims within three and a half months of each other.

[micnoc2015] 12/8/2019 15:14

Hi,

Thanks for the updates Steelwatch.I’d say the theoretical margin that Orm projected is well squeezed at this stage. Anyone know when to expect the next update from Ormdone?

[steelwatch] 12/8/2019 11:27

Nothing from share price Angel this morning, but looks like APT is off a touch:

WO3: $200-210 per mtu from $210-225

[steelwatch] 06/8/2019 09:45

APT unchanged

[steelwatch] 05/8/2019 12:26

SP Angel this morning:

Tungsten APT European US$210-225/mtu vs US$210-225/mtu

[roykeane2] 29/7/2019 11:57

I understood the Chinese were reducing or have reduced rare earth exports by 60% as the tariff tiff continues. No sign of it in the latest tungsten prices

[steelwatch] 29/7/2019 11:52

Tungsten APT European US$210-225/mtu vs US$210-225/mtu

[iain222] 26/7/2019 15:11

Well explained .
Thanks for that .

[steelwatch] 26/7/2019 15:06

Iain the $28 per kilo relates to ferro tungsten which is an alloy produced from ammonium paratungstate (APT - the ore produced at the mine process plant) and iron, so is further up the food chain.

[iain222] 26/7/2019 14:39

Looking at the graph above, it looks like the price of Tungsten is down again !

[iain222] 26/7/2019 07:24

Thanks, I thought not.
They seem to think that is the case on the LSE board.

[steelwatch] 25/7/2019 16:31

Unfortunately not.