Ormonde Mining Share Discussion Threads

[nash81] 21/10/2020 23:30

i just noticed we are having gold assets soon? if so, i will need to buy more as only have small amount here. many other resources shares are hot at the moment. look ALBA, paid 1m for assets, then mcap rose 10m!!

[deanmatlazin] 21/10/2020 12:07

-- As at 30 June 2020, the Company held EUR5.6 million of cash. Jonathan Henry, Ormonde's Chairman, commented: "Having completed the disposal of our interest in the Barruecopardo Mine for a EUR6 million cash consideration, the principal focus of the Company has been on the identification of a compelling resource opportunity. In this regard, I am pleased to advise that the Company has recently signed an exclusivity agreement, and commenced a due diligence process, in relation to what the Board believes to be an exceptional resource opportunity. We very much look forward to advancing diligence on this new opportunity towards completion of a transaction, the aim of which is to create substantial value for shareholders, and we look forward to updating shareholders on progress in this regard, in due course." Bought some of this and hope the new board members can create ‘substantial’ value for shareholders. AGM/EGM is in November. Hope for good news. Speculative buy.

[cjohn] 20/10/2020 10:34

Hi, jbe81, I've sold the lion's share, but have got a couple of million left. Having fallen to 1.2p today, these look acceptable value on asset grounds: net cash (about 1p per share, but falling) + La Zarza + some value in the gold prospects. So I won't be selling further for the moment. (I give no value to potential future operations, in view of recent company history.)

[juju44] 19/10/2020 21:20

I am optimistic

[jbe81] 19/10/2020 15:13

Cjohn, have you got many left?

[jbe81] 19/10/2020 10:03

Buy order in auction for 500k at 1.45p and someone sells 400k @1.21, bizarre

[babbler] 19/10/2020 10:00

Hmmm.... At least spread is good now.

[cjohn] 16/10/2020 16:04

Yes, only a little patience has been required. If a stock is trading at marked discounts to asset value, far more often than not the gap closes. I've sold a few more today at over twice my average buy price, so am happy.

[computercoders] 16/10/2020 15:47

Been waiting about 6 months for this to bag and it happens. Nice. Well done all.

[iain222] 16/10/2020 15:09

I think the 2m trades were both sells showing as buys.

[wahrani31dz] 16/10/2020 14:35

NT to buy at 1.5p a couple 2m buys popped up too

[jbe81] 16/10/2020 14:35

Top of the leaderboard, huge volume and still very little interest here yet

[paulwinter10] 16/10/2020 13:16

Nice breakout this week. I'm looking forward to AGM on zoom in November. Mining stocks and penny shares very volatile and not for the faint hearted! Perhaps a 10 bagger if Ormonde getting into gold mining. Gold at $2000 an ounce and no signs of going down. Tungsten is dirt cheap, and Ormonde sold it's tungsten mine at a good time before covid and the drastic downturn in the world economy. I see Ormonde have moved down the road in Clonee to a new office block. I wonder if the rent is lower?

[babbler] 16/10/2020 13:14

Its good value but strange move today...and really bad spread. Hopefully more of the same next week

[wahrani31dz] 16/10/2020 13:06

Come on babs you had your fair share of spiking. You can't deny this aint undervalued pal!

[babbler] 16/10/2020 13:04

Spiked a few?

[babbler] 16/10/2020 12:26

Mms need to be shot with that spread...

[jbe81] 16/10/2020 10:45

top of the risers board, hopefully back there next week

[jbe81] 16/10/2020 10:18

in the end had to pay over, but well worth it

[juju44] 16/10/2020 09:39

I been waiting 20 mins to buy . Still no quote

[jbe81] 16/10/2020 09:22

Cant get a quote to buy this am

[the stigologist] 15/10/2020 09:35

Who are P&D ?! Seriously ? duh Duh-duh-duh-duh-duh-DUUUUH Pearl and Dean !