Share Name Share Symbol Market Type Share ISIN Share Description
Ormonde Mining LSE:ORM London Ordinary Share IE0006627891 ORD EUR0.025
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1.30p 1.20p 1.40p 1.30p 1.30p 1.30p 47,145 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.4 1.8 0.3 3.4 6.12

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Trade Time Trade Price Trade Size Trade Value Trade Type
2017-05-22 14:49:231.2010,786129.43O
2017-05-22 08:22:091.2536,359454.49O
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Ormonde Mining (ORM) Top Chat Posts

DateSubject
22/5/2017
09:20
Ormonde Mining Daily Update: Ormonde Mining is listed in the Mining sector of the London Stock Exchange with ticker ORM. The last closing price for Ormonde Mining was 1.30p.
Ormonde Mining has a 4 week average price of 1.20p and a 12 week average price of 1.20p.
The 1 year high share price is 2.35p while the 1 year low share price is currently 1.15p.
There are currently 470,936,824 shares in issue and the average daily traded volume is 262,441 shares. The market capitalisation of Ormonde Mining is £6,122,178.71.
06/4/2017
19:05
micnoc2015: Well it's encouraging to see that there is at least two or three others that see a potential return at some stage! @Skirbell do you know if ormonde issued more shares since 2005? I checked the stock on yahoo and saw the share price was around the 10 cent mark back then. I'm just wondering if they had 473m shares back then as well or was there a dilution? I also spotted on yahoo that they had a one year price estimation of 6 cent for orm!
06/4/2017
09:57
12vic: micnoc Thanks for pointing out the first ore blasting ! Still here and still slowly accumulating. Tungsten users (product producers) are starting to see increased demand.In time this must filter through to the miners. I follow Hardide HDD to judge the after market ( but not invested and not pushing the share ) HDD supplies Tungsten coated products to oil and aviation industry. Sales to Oil and Gas sector have doubled against last years trading update. The trading update is available in RNS today and reads positive for Tungsten market demand. Regarding Orm specifically , I wonder if some are concerned that have followed Wolfe and Hermerdon and are put off by the problems they have experienced in early production. Orm is a very different company in mining plan , working environment and funding but still within the same specific mining sector and maybe suffers as a result. The push back to 2018 still leaves a time scale for the share price to develop pre production , hopefully with the Tungsten Price which I'd like to see around the 250 - 260 market. I regularly email the management ( who always reply ) and have asked if there is a key Tungsten price for the project. Understandable they do not give specific numbers. But I am certain that there is likely to be positive ( ie downward ) evaluation of the currently published operating and capital costs, given that these are now several years out of date. In terms of the price drop, my own view is to hold and probably accumulate. Last year we had to deal with some uncertainty around compulsory purchase and land access but the company is now beyond this, now the issue is simply about timing and when best to aim for production. Until we get the go ahead on major equipment purchases, confirmation of operating contracts etc the I think the market reads the project as temporarily on hold and therefore muted at this point.
23/12/2016
10:59
12vic: I agree no sense in producing unless there is a profit and better to wait until margins are higher. The time frame to next December may not be enough to see the market change so more patience required but probably the safest route. Given the flexibility between the partners there may even be scope for this to change again should the tungsten picture show rapid improvement. The crude oil price vs new project investment is an interesting area to look at. A guide figure for significant new project work seems to be around $70, so expect some change in tungsten should oil improve further. Another area to monitor is specialist manufacturers of tungsten based products, these also help gauge pricing direction. I have been watching Hardide HDD they produce tungsten Carbide Coatings. Demand in aerospace and precision engineering markets seems to be improving whilst oil and gas activity is low but shows signs of recovery. I'm not invested just watching for their tungsten Market commentary.The current share price is low as would be expected. Below is a recent article on minor metals reviewing 2016 and giving some forward commentary on 2017. There is a section on Tungsten if interested. Unfortunately I can never post the links properly, but worth a quick look between Christmas drinks. www.prnewswire.com/news-releases/minor-metals-the-year-in-review-for-lithium-tungsten-tantalum--rare-earths-606783606.html So again have a great time over the holidays !
11/11/2016
22:23
kennocoolmike: Has anybody got an opinion on Ormondes partner in their gold exploration projects (Aurum) new direction? From what I can gather they are moving into the area of cyber security, which is slightly unusual for a mining company. Their share price has increased significantly in the past two months. If they gain traction with their new venture what will happen with their mining interests? Is this good, bad or indifferent for Orm?
09/11/2016
13:12
dolores123: PS I am shortly leaving ADVFN as I am fed up with their adverts slowing the system down but remain a holder of 1.8m+ Orm shares and look forward to a share price recovery in the not too distant future. Best Wishes to all on here. Dolores.
05/11/2016
19:09
kennocoolmike: Hi all, there was a good volume of shares traded Friday, 70,000 of them bought by me. I have been slowly building a position in orm over the past two years. I am a long time reader of this thread. At this point I am happy with the stake I hold and my average. Like the rest of you I must now wait and see what happens once we start producing. From the current share price I can see a significant upside, I am no expert, more of an enthusiastic stock explorer but based on my calculations I can see this one getting to 9p by 2018. That said many stocks have had potential before but didn't go very far. Has anybody else dared to crunch the numbers and speculate where this might go given the right circumstances?
29/9/2016
19:39
12vic: Just to add to Steelwatch's last post. "As part of the Project Financing, OCM Tungsten Holdings will, pursuant to the Facility Agreement, provide to Saloro a 5 year USD 55.5 million term loan facility, at an overall interest rate of 12% per annum. The purpose of the loan facility is to fund the development of Barruecopardo and once completed to fund the working capital requirements of the mine and related group companies, including the cost of investigation of an underground mine at Barruecopardo and potential satellite deposits which may provide additional ore to be processed at the Project. The Facility Agreement allows the Barruecopardo JV Board the flexibility with respect to repayment of principal, allowing Saloro to accumulate cash, if appropriate, enabling the potential for such cash to be applied for the fast track development of an underground mine. The Facility Agreement also allows Saloro the option to make distributions to its shareholders during its term." So the key points for me are: 1. Ormonde will only pay for 30% of this debt. 2. It's not clear we will need to borrow on the whole facility. The other 44 million should go a long way first. I do not believe there has been any draw down at this point. All indicators to date are that we are running under budget. 3. The terms are flexible. Allowing delays in repayment , distributions to shareholders etc. 4. The Senior partner is the lender as well as the holder of the majority of debt and they have already demonstrated their own flexibility around timings of project additional debt discussions. 5. The package covers development , operational costs and exploration going forward , this should limit company dilution for Ormonde. Seperately - If you are buying into Ormonde at the current share price you are still significantly at discount to Oaktree's investment cost and that of most of the larger shareholders + you have the added value benefit of progress made over the last year ( positive underground drilling results / commencement of development works ) and reassurance that the permitting issues compulsory purchase are coming to resolution. Of note Aurum mining had their AGM today so we may have news on plans for the other JV gold projects soon. Aurum recent placed for new funds so maybe in a position to commence further work.
23/9/2016
15:23
12vic: Interesting movement at Aurum mining our partners at the more prospective gold projects. They appear to have been oversubscribed in a recent fundraising issue. Significant upward movement in share price. The hope is the money will be used to take the JV projects further, but the company had talked of diversifying out of mining sector so not certain.
18/12/2014
15:46
dyfiman: ORM share price has now risen by 41.81% as of a few minutes ago !!!!!! Anybody else watching these developments today - so close to ORM getting its funding for mining in place ????
16/12/2014
16:49
admiral jellicoe: Well if you look at the graph over the last year... Ormonde can go up fairly quickly, as well as down. There is also serious unrest with the Russian situation. If all was calm in the world I would be very very worried about ORM share price. However I think management require to make a statement to calm the waters. I was hoping we would be up by Christmas... but alas.
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