BigBobby20
12 Aug 2016
Re: ORM looking good as the mo ?? Well done, Scholomo.I hope "recently topped up" means early enough to have ridden this rise in the SP. You must be wearing a broad smile if so. If all goes well, we may be talking of a trip to Salamanca and Barruecopardo in the not too distant future. I'm still well short of my average buying price but if this steady climb continues I may be able to risk a smile or two. Averaging down is still very much in my mind. BB20
scholomo
11 Aug 2016
Re: ORM looking good as the mo ?? Recently topped up in a big way
dyfiman
11 Aug 2016
ORM looking good as the mo ?? Have been pleasantly surprised by progress in ORM's ventureover the last couple of months. It seems a long time ago now when we thoughtthat the game was up..... yet now there's real hope that, after a long wait, that shareholders who refused to fold should see some returns.Stick in there folks !!!!!!Dyfi.END
BigBobby20
09 Aug 2016
Moving averages In my earlier post today, I should, more helpfully, have said that I call for the 26 day and 50 day moving averages and also the very important 200 day moving average. My apologies that I omitted the latter, though I think its inclusion in the graph I suggested was probably implicit in my comments.BB20
BigBobby20
09 Aug 2016
The climb ahead While technical analysis is not everyone's cup of tea, I find it interesting and worthwhile to keep an eye on some of the more reliable trends and indicators. Pure chartists do not, of course, concern themselves with reports, milestones and news flow or with 'noise' in the market and focus instead exclusively on the trend data. Meanwhile, confirmed, dyed in the wool fundamentalists frequently deride what they call the "tea leaves" approach. Most fellow travellers here will know I keep a foot firmly planted in each camp.Anyway, after revealing my twin compartment tool box, I wanted to restate a point made just a few days ago. I posted then to say that the SP had crossed the 200 day moving average, a positive event that we have not seen for some considerable time. I also pointed out that the "crossover" is much more significant when, for example, the 26 day moving average or 50 day moving average cuts up through the 200 day line. Interestingly, I noticed this morning that the 26 day is doing just that, with the 50 day not far behind. If we have further upticks in the SP, both the 26 and the 50 day moving averages will find themselves above of the 200 day line, something we have not seen in quite a while. In case I am not being clear about this, I should underline that this event (a "golden cross"
is seen as a very positive event--a breakthrough which, if it holds (and it usually does), will point to further travel northwards. This will mean that the 2p ceiling of resistance will become a line of support. For those interested, the ii chart options (click on 'Charts') are easy to use and well constructed. Simply pick a time span (perhaps 1 year or 3 year) and type in the moving averages that you want to see. (I use the 'ema' rather than the 'ma' and call for the 26 day and 50 day.) It is also useful to add gridlines and to stretch the rather narrow graph that is the default version by picking one of the wider options. Pleasingly, the 3 year graph also shows quite clearly the formation of a saucer, the developing upside of which suggests that there is not a lot to hold back the SP until we get well into the 3p range, though that, of course, may take a little time. As a reality check, the 5 year graph shows how far we tumbled down the hill and how much climbing is still ahead of us. But this time we are so much better equipped and funded for the climb ahead. BB20
greatpotential
08 Aug 2016
What's not to like? Land secured. Mine already there. Extraction cheap. Permits in place. Funding secured. Progressing to production as prices are rising. Off take agreement already sorted.mPlus, Proven Gold in the area also. Stable supportive country. Labour available. Shares relatively unheard of. SP rising -and still a long way to go!! Plus the possible of a takeover target! I mean, what's not to like. .???Multi , multi bagger, or I'll eat my sombrero.
bizana
03 Aug 2016
Update This from "Steelwatch" on ADVFN[link]
BigBobby20
01 Aug 2016
Trending northwards Some fellow investors here may not have noted that the ORM SP cut through the 200 day moving average in late July, which is a positive sign, especially considering that it has not been north of that line since September 2014. A "golden cross" or 'crossover" (say the 50 day moving average, or 26 day moving average, cutting up through the 200 day moving average)--when it eventually takes shape--will be more compelling evidence of the happy trek northwards.I do not think that we shall see, for some considerable time, the kind of jump that will have us up dancing on our desks. For now, a penny rise on the SP per quarter, or even per half year, in the run up to first production (late 2017) will probably be as good as it will get. And that will depend, I imagine, on the price of WO3. BB20
Red_Rufus
29 Jul 2016
Here's the video of Steve's interview [link]
bizana
28 Jul 2016
What News There's an interview with Steve Nicol 26/7 on Proactive Investors UK.Interesting.
BigBobby20
28 Jul 2016
Re: What news? Hi Halfpenny.Glad to see you are still on board. Yes, good to find the SP ticking up of late, albeit in fractions of a penny. (It all counts, of course, especially when considered in percentage terms....)No, there is no specific news (other than posted) that I know of but the management team must be pumped up and jumping in all directions now that there is a clear route to production at the end of the coming year. I would bet the Barruecopardo site and project office are as busy as a bees' nest in summer. My take on this is that there is precious little selling, barring that from the odd trader keen to turn a few bob and doubtless one or two investors who have lost patience and/or need to establish a tax loss. Otherwise, if you are already here at this price, there is not a good case for selling. Steady buying--even on a small scale--therefore pushes up the price, as there are too few sellers. The great irony is that Ormonde/Saloro are now in what Kerr referred to as the "happier place" which he was working tot achieve but the price is a laggard and a long way off from those levels that we reached a few years back while we sat and waited...and waited...and waited...for permissions. That wait dragged down the SP, as did the reaction of many PIs (badly mistaken in my view) to the Oaktree deal and, not least of all, the progressive slide in global metal prices across the board. That is now gradually righting itself, in true cyclical fashion (see zinc, especially), and, given that some miners have been forced to close, the trend will continue as warehouse stocks dwindle. Tungsten has also improved, though the price has slipped back a little lately. Still much better levels than back in January.Some time ago I posted a check list of plus and minus points, which actually convinced me to go back in and top up with a 100,000 ORM share purchase, at somewhere near this price. We are fully funded, at no risk therefore of withering on the vine, and have efficient management and a product that is prized and considered strategic by the western world. For those already invested, it may be a good time to reduce one's buying average. Had I not been busily stocking up over the last six months on Blinkx, now called RhythmOne (RTHM), at bargain basement prices, I would have been back in again. BLNX (RTHM), happily, has finally shown signs of becoming acrobatic over the last two months, so at least I got that right. Here, it is hard to see why people should not invest, in the firm expectation of at least doubling their (new) money over the next year or two. Action of this kind presupposes that buyers can sit and wait patiently for at least 15-18 months. Patience, needless to say, is something we know all about aboard the good ship Ormonde.BB20
halfpenny2
27 Jul 2016
What news? Some decent movement today at last - is there something in the pipeline? Anyone know of any impending news?
BigBobby20
28 Jun 2016
Annual Report I forgot to say that the 2015 Annual Report, which is available on the Ormonde website, makes very interesting reading and is hugely upbeat, with lots of pics of what is going on at the Barruecopardo mine site. Things are now rapidly coming together. Remember to hoist one for Kerr, when you get a chance, whose role in all of this, including the finance deal with Oaktree, was pivotal.BB20
BigBobby20
28 Jun 2016
Green light ON. The Regional Government of Castilla and Leon has confirmed that it has fast tracked permission for Saloro to make a compulsory purchase of the land tract that has been in contention. The permission, which in effect allows work to begin on the land in question with out any further delay, has been received earlier than was anticipated in Saloro's optimisation plan, devised when compulsory purchase was challenged by the present land owner. First production will still be in late 2017 but the project is now de-risked and nothing is foreseen that will delay things further. This is evidently very good news and we can anticipate a well managed run up to first production. While we wait, we can track the price of tungsten, with fingers crossed that the fall out from Brexit will not send the expected pick up in world trade back into reverse. As far as Barruecopardo is concerned, it's smiles all round. Plans can now be implemented fully.Upwards and onwards...!BB20
