Ormonde Mining Share Discussion Threads

[imjustdandy] 01/4/2022 11:43

Signs of life at last. What have they been doing for 5 months. Looks like we about to find out.

[novicetrade68] 26/2/2022 20:42

At least there is a new CEO, yet it seems it's taking a few months to incorporate a new transaction ....otherwise, they still have cash to focus on gold exploration; those gold licenses in Spain still look quite good for achieving a several 100ks of AU inferred resource.

[pol123] 26/2/2022 17:01

As a min we are due an update on strategy / progress. Come on BoD

Plus side this is no way a crowded play and could move up strongly with the right news/deal

I continue to hold tight, waiting for the red dot...:-)

[cal57] 10/2/2022 12:34

Looks like a few loosing patience today and selling up.At least it's a positive that the directors are taking share options for fees saving on the cash burn and buying a little more time to sort out a deal .About time they started earning those fees and created some value for shareholders.

[cal57] 26/1/2022 20:02

Those figures were on the books on the 30th June 21.The EUR 4.3m remains from the 6m received from the sale of Barruecopardo in February 20.Cash held on the 30th June 20 was EUR 5.6m.My point is the cash won't last forever and finding a good deal for shareholders is not going to be an easy task.I just hope that Mr Anderson can achieve the new phase of development and value creation for shareholders that we were promised

[novicetrade68] 26/1/2022 14:28

Money shouldn't be running out imo - on their balance in Sep they list 4.3m euro cash & 2.4m classified assets for sale. Will be interesting to hear what plans will be revealed at some point, hopefully Q1.

[cal57] 25/1/2022 07:44

Time money and patience running out here to get a deal done.

[hamid1970] 27/12/2021 16:52

Agree, very few trades over the last few months. Has potential to multi bag if the deal is good

[pol123] 16/12/2021 13:44

Reckon we will see some movement Q1

[frankandbeans] 09/12/2021 16:34

This is like watching paint dry, it didn’t seem they are in any rush, I do hope that they will spend this time wisely lining up their ducks ahead of..

[frankandbeans] 30/11/2021 08:36

Yes I plucked that out of the RNS also with my beady eye.

“The position of CEO will be reviewed in the context of the completion of a transaction.”

What transaction is the question.

[novicetrade68] 30/11/2021 07:35

' The position of CEO will be reviewed in the context of the completion of a transaction.'

Good to read though, should hopefully see them going again soon.

[cal57] 30/11/2021 07:04

From today's RNS - just about sums it up ."The new Board is acutely aware that shareholders have been waiting a long time for the Company to deliver a return to shareholders and, more recently, to utilise its balance sheet and deliver a strategy creating meaningful shareholder value.

[frankandbeans] 26/11/2021 16:02

Any chance of an update before 2023?

[frankandbeans] 19/11/2021 07:41

Well this is a positive as they are clearly getting the books in order. Suspension and RTO next I would suggest.

[bibdaddy] 19/11/2021 07:15

Instead of spending time worrying about options how about actually trading!!

[frankandbeans] 18/11/2021 10:46

Was expecting an operational update by now at least.

[paulwinter10] 18/11/2021 09:25

Share price seem to moving to a new low! I might as well buy a lottery ticket to try and achieve anything worthwhile before Christmas!

Why don't we do some gold exploration?

kind regards,

Paul Winter.

[frankandbeans] 18/11/2021 09:06

Just Dandy are you still buying here? Seems to have fallen quiet again.

[frankandbeans] 10/11/2021 15:24

Murmurings.

[davemarn] 08/11/2021 14:03

ORM Just doesnt want to do anything big?


Angus Energy 0.90p
Positives
• Equipment should be arriving on site Nov 21 – Feb 22 proving this isn’t hot air!
• Permitting and Approvals expected early December 2021
• First time in 2 years a Project is about to become a reality early 2022
• Huge rise in Gas Prices (300-400%): 51% stake in onshore Saltfleeby Gas Asset
• 52% recent upgrade to NPV10 from a revised CPR of Gas Asset now £25.5m (£9m market cap)
• £12m fully funded for Saltfleeby
• Sidetrack to Gas Project Planning Permission in place to try and double output
• £1.4m Convertible Loan Note holdings extended deadline to April 2023 for final payment!
• 2x Director Buys of 1m each mid 2021
• £8m potential funding with Aleph and Associates for a valid Geothermal play
• 165m Warrants of £2.1m at 1.36p average potentially available
• 26m Employee Options at 1.5p but fully vesting at 2p too
Negatives
• A group of Locals persistently fester on UK Share Forums to stop any buying momentum, the success in market cap makes it harder to stop any of their projects dead in its tracks!
• A substantial undercurrent set of Short Sellers who seem to be betting against delivery and pre-gas price rally; now hurting and desperate to close out their positions – towards First Gas Q1-Q2 2022. Their short positions could create a dramatic squeeze to 2p alone IMO.
• Legacy Oil Assets and failed projects knocked share price and confidence of Long Term Holders
• Geothermal Progress Seems Slow
• Delays seem to bother some impatient traders but Aleph have stumped £12m loan!
Share Price Predictions?
• Harmonics showing 2-3.5p target?
• Management believes 3.5p per share is Fair Value vs. 0.90p share price
GLA WTFDIK DYOR

[cal57] 08/11/2021 14:02

So from the latest update we're awaiting renewal of the investigation permits for Salaman and Zamora for the gold exploration projects which we are not guaranteed to get.The company is in discussions to sell the La Zarqa copper and gold project which is valued on the books at EUR 2.4m and cash held at 30th June 21 was EUR 4.3m.Good investment opportunities are rare so mr A needs to pull a rabbit out of the hat pronto.

[cal57] 08/11/2021 12:03

Though i'm past one hundred thousand miles I'm feeling very still and I THINK my spaceship knows which way to go