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PSE Stock: ORIENTAL PENINSULA RESOURCES GROUP (ORE)

lytman02 · 24 · 8288

lytman02

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Oriental Peninsula Resources Group (ORE) To Swing Higher?

Oriental Peninsula Resources Group’s performance in 2010 was one for the records as it posted a stellar gain of about 450% inside a year...

http://www.laidtrades.com/2011/02/15/oriental-peninsula-resources-group-ore-to-swing-higher/
« Last Edit: Jun 01, 2012, 12:43 PM by FutureGizmo »


lytman02

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Reply #1 on: Apr 27, 2011, 09:51 PM
Oriental Peninsula Resources’ (ORE) Scary Technicals

Oriental Peninsula Resources Group, Inc.’s (ORE) performance in 2010 was stellar. Indeed, last year’s feat could be considered as one for the books. Unfortunately, this year’s story looks to be the exact opposite at least from the technical point of view...

http://www.laidtrades.com/2011/04/27/oriental-peninsula-resources-ore-scary-technicals/
« Last Edit: Apr 27, 2011, 09:53 PM by lytman02 »


rds

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Reply #2 on: Apr 29, 2011, 01:13 PM
after playing good with this stock last year and taking a good profit, i have a few shares left with me...and its down terribly.

ORE management declared that they will have their first delivery of ORE last december 2010, e may 2011 na next month, wala pa ring single delivery. this could be the catalyst of its price to climb high again.


Mike123

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Reply #3 on: Apr 29, 2011, 06:37 PM
What is expect kaya sa ORE? is it going up? nasa 2.7-2.8 na for quite sometimes.

What is the problem with the delivery?


vgal0579

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Reply #4 on: May 02, 2012, 09:30 AM
Oriental Peninsula turns around, nets P467M in '11

MANILA, Philippines - Listed mining holding firm Oriental Peninsula Resources Group (ORE) posted a net income of P467.37 million last year, a reversal of the P6.62-million loss incurred in 2010, on strong sales.

The turnaround was attributed to the robust performance of its nickel unit Citinickel Mines & Development Corp., which owns and operates two nickel mining projects in Palawan, located in the municipalities of Sofronio Espanola and Narra.

ORE chalked in revenues of P1.13 billion during the period as Citinickel started commercial operations in March last year.

In a financial report submitted to the Philippine Stock Exchange, ORE said it is targeting to increase its production to three million tons this year from one million tons as it aims to effect 55 shipments of nickel ore.

Analysts said the combination of higher volumes and higher fuel prices will fuel a surge in full year revenues and net income for the company.

To achieve its target, ORE said it would be aggressive in providing necessary financial support to Citinickel for use in improvement of necessary equipment and facility in the mine sites in Palawan.

Citinickel supplies China with 0.9 percent to one percent nickel grade and 1.5 percent nickel grade. The demand from Australia, on the other hand, is to supply 1.5 percent of nickel.

ORE is also considering establishing a ferro-nickel plant.

Citinickel is the holder of a 25-year mineral production sharing agreement issued by the Department of Environment and Natural Resources covering 2,176 hectares.- Z Dela Pena


vgal0579

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Recommendation: Buy and hold

BROKERAGE FIRM Accord Capital Equities Corp. has advised investors to buy shares in Oriental Peninsula Resources Group, Inc. and hold on to them amid expectations of price uptick.

The stock’s price plummeted to the P5.02-P5.65 range from May until the early part of June, after it traded at the P8 level for over a month from mid-March to April, analyst Justino B. Calaycay, Jr. noted. The stock closed at P5.12 per share last Friday.

“The daily price chart shows a prospective ‘rounding bottom formation,’ typically a bullish reversal,” explained Mr. Calaycay. “
  • ur expectations is that the stock, hopefully, will make a move towards the P5.70 mark within the next two to three weeks,” the analyst said.


Mr. Calaycay pegged the stock’s support at P4.80 and resistance at P6.30. Its price to-earnings ratio is at 11.6 times, cheaper than the mining and oil sector’s 18 times. Oriental Peninsula owns 94% of Citinickel Mines and Development Corp. that owns two nickel projects in Palawan. — Karen Joyce Q. Ang


vgal0579

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ORE posts P615-M gross revenues in Q2

MANILA, Philippines - Publicly-listed Oriental Peninsula Resources Group, Inc. (ORE) has generated P615.45 million in gross revenues during the first quarter, according to disclosures made at the Securities and Exchange Commission (SEC).

ORE has a 94-percent equity interest in Citinickel Mines and Development Corp., which began commercial operations in the second quarter of 2011.

Citinickel operates the Pulot and Toronto Mines located in the municipalities of Sofronio Espanola and Narra, respectively, in Palawan. The company sells ore to China, Australia, Japan and Europe.

“Despite an increase in shipment, the quality of nickel mined is classified ‘low grade high iron’. Achieving our targets was thus buoyed up by the increase in capacity of operations to generate more volume,” said Caroline Tanchay, ORE chairman.

“So far we only have explored 13 percent of the total area. We hope to expand operations and mine the next 22 percent to achieve an increase of 3 million tons in shipment for 2012,” said Tanchay.

For 2013, Ore is reviewing proposals to build a sintering plant in the country to contribute to the government’s goal of boosting exports of semi-processed metals.

Continuous exploration to increase assets is also being done. The company is also in the process of acquiring nickel properties also in the province of Palawan.- TPS


pmtmember

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After a long time of sleeping, is ORE about to take charge for the Ghost Month? We have seen it move yesterday advancing 4% gain and today with 8%. From 4.36/share on Monday to 4.95/share today. Caveat!

Should we buy ORE now?




pmtmember

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Looks like we have an alert signal on ORE. Today's candlestick is a shooting star. ORE just broke from the triangle a couple of days ago but now we are told to take prudence as it may test the new support. It is normal that after the breakout, the resistance which becomes the support will be tested. If it won't be broken then it will continue to go up. Be careful but don't become a paniki

Caveat!

ORE to test support





Post Merge: Sep 20, 2012, 04:28 PM
ORE didn’t mind the bear signal from previous day (ORE to test support) and instead went up.

Now that it is near its resistance at 61.8% Fibonacci Retracement level, does it still have the strength to surge or it will correct or go sideways? 5.0 might be a strong resistance but once broken the next resistance will be an easy thing to break.

Caveat!


ORE ignores Shooting Star
« Last Edit: Sep 20, 2012, 04:28 PM by pmtmember »


pmtmember

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ORE went down due to bad news but it seems it didn't hurt ORE that much. Yesterday we saw a long red candlestick and today a green spinning top type of candlestick. Looks like ORE is poised to create a Morning Star pattern soon?

A Morning Star is a formation that involves 1 large red candlestick and "stars" in between with the last being a green candlestick that closes well into the first candlestick's real body. We don't have yet the formation but let us see if it will develop to that soon. Morning Star is a bullish formation with high reliability.

Caveat!

About to form a Morning Star?



yllor

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Reply #10 on: Jan 22, 2013, 08:29 PM
time to dish out ORE or time to accumulate for long term investment


pmtmember

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Reply #11 on: Feb 20, 2013, 05:40 PM
ORE is down by 2.52% today. If we look at the chart, there seem to be a pattern that ORE is current on. Price today hits the support line (lower slope) and question that goes to our mind is, will it bounce? There are already two instance in the recent past when ORE bounces from this line. Will it happen again or a different course will be taken by ORE?

Caveat!

Bounce play on ORE?


tolgoi

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Reply #12 on: Feb 20, 2013, 09:33 PM
holding this stock for a year now :D ...Its to time rise from the grave    :watchuthink: :applause:


yllor

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Reply #13 on: Feb 20, 2013, 09:53 PM
add more position??


rangel

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Reply #14 on: Feb 22, 2013, 12:11 AM
looks like it failed now to bounce from its support line... it dropped by another 1.72% san kaya pupulutin to?


 


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