Ormonde Mining

Mining progress and first concentrate sale within coming weeks

  • Sectors : Resource
  • Companies : Ormonde Mining

Ratings and price correct at time of issue.

  • Ormonde Mining

    Closing Price: 2.2p

  • RATING 04/05/11

  • PREVIOUS RATING 30/06/09

    NEUTRAL

DAVY VIEW

After a slow start due to mining complications, better progress is being reported. First concentrate sales in the next few weeks and a better tungsten price outlook are all positive developments. While we think sustained production selling at higher tungsten prices should see the stock re-rate, the slow start-up to date means that the market is likely to look for hard evidence of this before it is fully reflected in the share price.

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Sep 20 2019, 07:35 IST/BST

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