Ormonde Mining Share Discussion Threads

[admiral jellicoe] 18/11/2019 16:34

Bit of volume and a slight rise today....must have been due to the bun fight! ?

[mip55] 18/11/2019 14:31

Well said Francesco

[francesco206] 18/11/2019 14:25

Guys, I am/was not looking to cause factions amongst you when pointing out ones mistake last evening. We all know at this stage and hardly need to be reminded what has happened to this share price.

My initial question to Paul was based in a very jovial light hearted manner. I am around long enough to know nobody can predict the future in buying and selling shares. I enjoy Paul posts each time they arise and I was in a sarcastic basis asking a question in a light hearted way, only to have somebody they it the wrong way.

Let’s move on!

[steelwatch] 18/11/2019 13:30

European APT price unchanged again this week:

Tungsten APT European US$225-245/mtu vs US$225-245/mtu – Chinese tungsten APT price weakens 5.3% on thin demand to US$220-239/t

[mip55] 18/11/2019 11:54

ORM......push onwards to a peak of US$352/mtu by June 2018VIH65.......rose in Jan /feb from 260 to about 275 ......It never fell till june. Go and do some researchSo when, exactly, (according to your research) is a fall from 352 to 275 not a fall?The facts are that Tungsten markets for various reasons have been weak for eighteen months. Hopefully they will be recovering just as we begin full scale production.

[vish65] 18/11/2019 11:33

Yes. It rose in Jan /feb from 260 to about 275 . Then tanked from 275 to below 200 in Jun / july

[dolores123] 18/11/2019 11:32

That is what I was saying!!

[mip55] 18/11/2019 11:02

ResearchTungsten MarketAPT prices climbed up from a low of US$195/mtu (metric tonne unit) early in 2017 to break through the US$300/mtu level at the beginning of 2018 and push onwards to a peak of US$352/mtu by June 2018, driven primarily by news of production cuts in China due to mine and plant shutdowns following environmental inspections. Prices have declined steadily thereafter and although they have steadied somewhat of late, they remain weak, currently trading in the $255/mtu to $265/mtu range.Please note the phrase....prices have declined steadily thereafter (from June 2018). But you are saying prices were rising?

[vish65] 18/11/2019 10:44

Dolores. The price in jan / feb was rising. It never fell till june. Go and do some research

[dolores123] 18/11/2019 10:22

Francesco's I think you overlook the tungsten price drop that was not expected in about Jan or Feb.

[francesco206] 17/11/2019 19:35

Dolores. I think and I am going purely from following this thread for the past number of months of all those passing opinions you may well be one to hit the mute button now and again. Last January/February when the sales price for here was far greater than it is today both you and I think an author JB??? (Someone along those lines) began forecasting it to go to at least double figures in a very short period from then. If my memories serves me correct the words used were, ‘where to next for Ormonde mining’??? given the positive period it was experiencing. We have seen over the past 9-10 months exactly the quality of your judgement (or lack of). I am considerable younger than you but one thing I learned from when I was a kid, was always know when to open your mouth and to defend yourself but equally always know when to shut it!

Francesco

[cyberbub] 17/11/2019 10:40

Given that we're in mid November I would say that you don't need a crystal ball for that LOL

[dolores123] 16/11/2019 13:55

Of course he said when. He looked at his crystal ball and said next year! Don't you have a crystal ball?????

[admiral jellicoe] 15/11/2019 20:57

Paul,On a long enough timeline the probability of everybody surviving drops to Zero!( well known website!)Let's hope it's not true for us!On a more optimistic note there's definitely good news heading in our direction, rising spot price and refinancing of these pesky loans, incoming wonga from sales etc.Don't forget there is a strategy in a company keeping some level of debt, less chance of a takeover that way.

[francesco206] 15/11/2019 19:48

He didn’t say when Paul ???? No?

[paulwinter10] 15/11/2019 14:57

Hi, I met a former building manager who worked in the mines in Zambia for Tiny Roland. This man is retired and in his 80's and went back and forth to the copper and lead mines in Zambia every year from Ireland. He says the price of tungsten will certainly go up! Just give it time!

[steelwatch] 11/11/2019 11:16

SP Angel has APT unchanged again for last week @ $225-$245

Also, from Friday:



The Rotterdam chart seems to indicate a slight softening however:

[cyberbub] 10/11/2019 21:36

Agreed. Worst case scenario we might need to borrow a bit more or issue a modest amount of equity. The grades are there, despite a poor start - we just need to get to them, which can't be far away. The key thing is to see the Tungsten price start to rise above $250 IMO.NAI etc

[dolores123] 08/11/2019 16:21

Hi Paul, thanks for that. I cant see Oaktree letting this go under as they would lose 50million plus and in any case the tungsten reserves are massive!

[paulwinter10] 08/11/2019 16:04

Hello Delores123,
The world is our market for the sale of tungsten! I will do some sensitivity analysis next week on the figures. This I learned while doing my accountancy qualification.

I would guess that a 10% rise in the price per ton would have a massive effect on the revenues produced for Solaro and Ormonde. Imagine what a 25 or 50% rise in the price per tonne roll-on effect it would then have on revenues!

I wouldn't like to see Ormonde go under at this critical stage of production. The board work very hard to see Ormonde is someday soon quite profitable. Ormonde employs 110 people, most from the local region, and I think its great that I am involved in this venture!

The economics and forecasts of mining tungsten are like a candle in the wind! Doestoyevsky's novel "Karmazov brothers" sees the elder brother being encouraged by the woman to make his fortune in the mines back in 1860!

Have a good evening.

Kind regards, Paul Winter

[dolores123] 08/11/2019 14:27

PS. Surely the nearest hardware shop sells shovels and picks!

[dolores123] 08/11/2019 14:25

I'm waiting for tungsten to go over 300p and for Saloro to process the high grade ore and get a move on. How difficult is it??

[admiral jellicoe] 07/11/2019 21:56

Just browsing the proactive investors site, article called Ormonde mining's JV tops up loan facility....by Philip Whiterow.It states that discussions are ongoing with various banks to replace the Oaktree loans for loans at a lower rate!Good news!!The snapshot section states Tungsten market predicted to fall into deficit by 2020!!!BRING IT ON BOYS, BRING IT ON!!Yeeeeeee Hawwwwwww!!!

[admiral jellicoe] 07/11/2019 16:25

Chrisp,Many thanks for the posts, I think we all get the idea of income vrs costs / expenses and if one is in the black or in the red.Granted the 114 figure came from Ormonde but where did the figure of 300-350 come from? And the loss figure of 10,000 / mtu or per ton etc?I think we are all in agreement that whatever way the spot price of Tungsten goes Ormonde require to ...A). Cover the cost of production per mtuB). Cover the cost of interest payments. ( service the debt)C). Cover the cost of capital repayments (reduce the debt).If the spot price is high ( ie 300+) then costs can be paid and debt levels brought down quickly, or quicker!On this we seem to be fortunate that the spot price is rising and we are now in production and ramping up!

[dolores123] 07/11/2019 15:48

What type of mines are the first 2 compared to Ormonde's.