Ormonde Mining Share Discussion Threads

[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 !

[the stigologist] 15/10/2020 09:33

Why are M&M's diversifying from chocolate covered peanuts to AIM mining stocks

[the chairman elect] 15/10/2020 09:16

LOL who is P&D?

[juju44] 15/10/2020 09:14

Same old , same oid here . Just another P&D

[the chairman elect] 15/10/2020 09:09

LOL yes Iain222 and obviously TA stands for Technical Analysis!

[iain222] 15/10/2020 08:36

" who is MM ? "
Paul, really, do you not know what a MM IS ?

[paulwinter10] 14/10/2020 12:49

hello Sportbilly1976,

who is MM? I think TA is on the prowl, and may want to take company private in the next short while!

I think bottom fishers would have doubled or trebled their money with their aggressive approach months ago.

I'll wait and see.

YOurs sincerely,

Paul Winter.

[sportbilly1976] 13/10/2020 13:55

1.1845p quote to buy currently...after the drop to 1.10

MM's on a hunt for stock?

[jbe81] 12/10/2020 17:04

If I am correct and TA is not currently buying, would suggest he is inside and news is coming, we will see

[jbe81] 12/10/2020 14:20

Paul, I don't believe its TA, there is alot of activity on twitter, and not much buying in the auction. Time will tell.

[paulwinter10] 12/10/2020 14:13

Hmm... I wonder is TA trying to get enough shares to take company private or sell?

Interesting.

[henry1010] 12/10/2020 13:41

I sold out my 924,000 shares at 1.3pI can finally move on from this lead balloon. ?

[cjohn] 12/10/2020 12:53

jbe8112 Oct '20 - 09:50 - 2825 of 2828

Cjohn, can’t knock a profit, you did well to get such a large holding a such a low level.




Thank you, jbe81, I appreciate all your posts.

In reality, the share price was at depressed levels on and off for months after the tungsten mine disposal. So on this occasion, picking up a large holding at a depressed average price doesn't reflect any particular short-term trading skill on my part.


Really post the mine disposal, this has been a blindingly obvious investment, trading at such a discount to assets. The past failures and shenanigans of the directors have put off many investors; but to my mind that's all priced in.


It's a pity nothing came off our efforts to put pressure on the board for a winding up, as this would still be the best option in my view, for minority shareholders.

[cjohn] 12/10/2020 12:44

sportbilly197612 Oct '20 - 09:59 - 2826 of 2827

CJohn,

1mln at 1.444p
2mln at 1.55p


Yes, there's been decent liquidity at moments this morning. At other moments, nothing.

The share price has fallen back a way and I'm not selling any more for the moment.



There are two broad possibilities behind the sharp upward share price movement of the past few sessions:

1. There IS pending news which someone has got wind of.

2. There is NO pending news. This is entirely possible; quite small upwards share price movements feed off each other in a thinly traded stock like this one.
And below 1p, there was crystal clear value. It was a buy without any obvious catalyst to release value.


In the case of point 1, It's ironic that the corporate action most likely to destroy shareholder value - an acquisition - is also the element of excitement that might attract in many new momentum investors.

[sportbilly1976] 12/10/2020 09:59

CJohn,

1mln at 1.444p
2mln at 1.55p

[jbe81] 12/10/2020 09:50

Cjohn, can’t knock a profit, you did well to get such a large holding a such a low level.

[cjohn] 12/10/2020 09:46

sportbilly197612 Oct '20 - 09:37 - 2822 of 2823

can get a quote via IG for 100/150k at 1.435


i.e. derisory amounts


I have quite a large holding here in percentage of the company terms - not in absolute terms given the tiny market cap - and have been happy to sell a few this morning, making 75% + on my original investments at an average of 0.65p.

There is still value here, but it's not so compelling as 6 months ago, post the disposal.

[cjohn] 12/10/2020 09:40

Terropol

"CJOHN, for the record, the company had 5.6m Euro in cash at end of June."


You are right. Thanks for the correction.

[sportbilly1976] 12/10/2020 09:37

can get a quote via IG for 100/150k at 1.435