Ormonde Mining Share Discussion Threads

[paulwinter10] 17/9/2019 15:22

Oh, you lads and lassies are up to scratch on auctions and price per tonnes! Share price on a roll at the moment! Meet me at AGM on Monday in Blanchardstown in the Clarion Hotel, hopefully! Kind regards, Paul Winter.

[bazaoil] 17/9/2019 15:07

Steady rise in share price good news being leaked before AGM next week maybe. Here’s hoping. P.S. very positive on the Fanya auction. Was worried about that for the last few years. Delighted it’s auctioned off and not hanging over the apt price. Onwards and upwards now imo.

[cyberbub] 17/9/2019 13:02

Yes good news and confidence about future higher prices...!Now we just need to see the company's plan for proper startup and what grades they're getting at present... Should be in the next few days?

[12vic] 17/9/2019 07:49

Correction 4.4 percent over spot and 28,336 tonnes sold. So looks like overhang resolved by buyer anticipating higher prices.

[12vic] 17/9/2019 07:34

China Moly auction winners

[12vic] 17/9/2019 07:29

Fanya Tungsten sold at 4.5 percent over apt spot

[steelwatch] 16/9/2019 10:47

SP Angel this morning:

Tungsten APT European US$195-205/mtu vs US$195-205/mtu

+

[cyberbub] 13/9/2019 18:47

A nice tick up on decent volume, but we have still fallen a long way, and I fear that unless we get a positive operational update next week, we could go lower... GLA

[admiral jellicoe] 13/9/2019 12:51

I feel our fortunes will start to turn soon. For the following reasonsA). Brexit uncertainty seems to have diminished somewhat given the fact that the PM has many options taken away. Money will start to flow back into LSE.B). Fanya overhang removed finally!C). With each day that passes the blasting / waste removal must be getting Ormonde closer to paydirt.D). Whilst Trump can be guaranteed to cause chaos, things could improve if he loses his re-election in 2020 which would boost global trade sentiment!Let's hope we get rewarded!Have a great weekend all!

[bazaoil] 13/9/2019 12:22

I wouldn’t be getting excited. About 80 euros worth sold at that price.

[jamie crawford] 13/9/2019 09:42

Hi there.. can anyone tell me why is ormonde showing it's up nearly 200% in Ireland

[paulwinter10] 12/9/2019 13:48

Hello Cyberbub, I will try and ask these 2 questions at the meeting. Is it that the grade of ore is not up to standard in the current workings of the mine? Is this poor grade affecting the share price? We have a state of the art mine employing 100 people in Spain, which started up in February. The directors at the last meeting said this was a very good quality ore that would produce ore at premium prices. Kind regards, Paul Winter, ACMA

[cyberbub] 12/9/2019 12:23

If you were able to ask a question about 1. What is needed to reach the area of the required grades, and 2. How much it will cost, that would be appreciated Paul.

[paulwinter10] 12/9/2019 11:55

I will be at the shareholders meeting on the 23rd of September. Anyone want to meet up to discuss Ormond over coffee? I was hoping over the years to make my fortune in the mines! Not! The €180 Eurolotto might be a safer bet this week! Kind regards, Paul Winter.

[simoore89] 11/9/2019 17:42

Is it a bit leaky here or that alibaba auction weighing on everything

[dolores123] 11/9/2019 17:06

Happy birthday steely

[steelwatch] 11/9/2019 15:12

cyber - it was just a senior moment, LOL

[steelwatch] 11/9/2019 15:10

Ah, got it! Thanks mogwhy:

1 Tonne = 100 MTU

So 28,336 * 100 * $180 per mtu = $510,048,000




Grateful for correcting me in my ignorance! I'm 73 today btw!

[cyberbub] 11/9/2019 15:06

Steelwatch have you been investing here on the understanding that APT was worth $180 or $250 *per ton*??

[chrisp6712] 11/9/2019 14:55

A MTU is 1% of a Metric Tonne or 10kgs or 22.04 lbs.

Estimated purchase price is $388,203,200 with value added tax.

[mogwhy] 11/9/2019 14:42

$180 per mtu not per tonne.

[steelwatch] 11/9/2019 14:38

mogw3hy - 28,336 tonnes @ $180 per tonne = $5,100,480

Not sure where you get the extra zeros. Am I missing something?

[cyberbub] 11/9/2019 13:55

I think bigger problems than Fanya are the pathetic trade war which is reducing industrial output, and also the mine management who seem to have made a dog's breakfast of the mining start up....Someone is still dumping at lower and lower prices, but at least there seems to be a bit of buying below 2p now, perhaps people had limit buys set.