Ormonde Mining Share Discussion Threads

[deanmatlazin] 22/10/2020 11:08

n 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."


I love the wording ‘ create SUBSTANTIAL value for shareholders’. I don’t know why in my mind it is a 5 bagger from current price. Fingers crossed.

[juju44] 22/10/2020 11:05

Nice , keep 'er lit

[jbe81] 22/10/2020 10:48

Good on you Paul, hopefully in 5 bags

[paulwinter10] 22/10/2020 10:08

Hello, I think there will be some excitement at the AGM zoom meeting supposed to go ahead in November! I sense an announcement around gold mining coming up perhaps?

Nice breakout last week! I wonder what the reason for this is? Maybe just punters taking a plunge on a possible winner!

I will wait it out before passing on my shares to my daughter who turned 18 recently. I would hope to give her the start of a nice portfolio next year!

Keep truckin'

Paul

[gb904150] 22/10/2020 09:47

I don't think i'll sell this share just for the excitement and entertainment it brings!

Something's happening....
ahh nothing....
Something's happening....
ahh nothing....
Something's happening....

You can't put a price on that!....oh wait a minute....

[juju44] 22/10/2020 09:24

Summat up ?

[jbe81] 22/10/2020 09:00

Yes, news cant be far off

[nash81] 21/10/2020 22:30

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 11:07

-- 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 09:34

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 20:20

I am optimistic

[jbe81] 19/10/2020 14:13

Cjohn, have you got many left?

[jbe81] 19/10/2020 09:03

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

[babbler] 19/10/2020 09:00

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

[cjohn] 16/10/2020 15:04

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 14:47

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

[iain222] 16/10/2020 14:09

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

[wahrani31dz] 16/10/2020 13:35

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

[jbe81] 16/10/2020 13:35

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

[paulwinter10] 16/10/2020 12:16

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 12:14

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

[wahrani31dz] 16/10/2020 12:06

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

[babbler] 16/10/2020 12:04

Spiked a few?