Ormonde Mining Share Discussion Threads

[sheeponwheels] 09/11/2020 10:12

Thanks for the reply @walkerjameswalkerI'll sit tight and watch this space!

[walkerjameswalker] 09/11/2020 09:07

Ride the wave..You will be rewarded.

[sheeponwheels] 09/11/2020 08:59

I've bought 177,000 shares in Ormonde @ 1.40. Currently sitting - £450ish down.I'm new to trading, but after reading about this company and looking at past share price, I couldn't understand why the price was so low.What are your thoughts? Hold out and ride the wave or cut my losses?

[bibdaddy] 07/11/2020 14:28

Sorry to be gormless but has a firm date been confirmed for the revised AGM?

[rostallagh] 06/11/2020 23:15

I spoke with a very senior highly renowned stockbroker in Dublin this evening on Ormonde. He told me that there are very very significant developments coming down the tracks with them. The AGM is expected to announce massive plans.With Such developments he said they see the share price going to .08c - .10c very shortly???

[nash81] 05/11/2020 21:24

gold rising higher, will be good if we can get news on gold asset acquisition soon. we should be around 5p is my target on news

now time to continue adding imho

[deanmatlazin] 05/11/2020 14:11

Deffo gold resources from previous RNSs. Hope the acquisition will be the big ONE. We will see whether the chairman stick to his words about acquisition that add SUBSTANTIAL value to shareholders. Not long now.

Jonathan Henry, Ormonde's Executive Chairman, commented:

"I am very pleased to report that a fresh look at Ormonde's Spanish gold exploration projects has highlighted the potential to build on high grade gold mineralisation which was intersected by previous drilling campaigns. We have identified several targets within the project portfolio which can be advanced, to the benefit of shareholders in a positive gold market environment, with low cost work programmes, while continuing to conserve the Company's cash balances for driving value in potential resource sector M&A opportunities.

In this regard, Ormonde's management team has several very interesting options under consideration. Gold projects have been a key focus of these efforts, together with opportunities across a range of commodities, global jurisdictions and risk profiles. The priority remains on concluding a resource sector transaction which would add substantial value for Ormonde's shareholders."

[paulwinter10] 05/11/2020 13:32

I think share price greatly undervalued. Hopefully, a good and potentially prosperous announcement will come fortwith from the AGM to be held this month!

Gold is at an all time high.

The tungsten mine was sold at a very good time, coming before Covid and the economic downturn! Tungsten continues to remain dirt cheap. Well done to the board!

I have an inkling that Ormonde are going to announce new gold mining operations to take place.

It's interesting to note that the biggest gold mine is in Siberia, in the biggest country in the world, Russia! The owners are building an airstrip to facilitate the mine, and are worth billions.

Gold is one of those precious metals that continue to break price records per ounce.

Kind regards,

Paul

[deanmatlazin] 05/11/2020 11:38

The Company anticipates that the meeting will be held in November, with the exact date being dependent on progress on certain outstanding CSD related matters including necessary legislative changes and on a form of circular, for the use of individual issuers, being made available to the Company by market participant working groups engaged in the CSD migration project. The Company will announce the date for the AGM and EGM as soon as possible.


We will hear about the acquisition soon enough. AGM/EGM should be this month.

[juju44] 27/10/2020 14:25

It doesnt want to go down

[cjohn] 27/10/2020 12:06

jbe8126 Oct '20 - 16:32 - 2883 of 2885

Cjohn, if you want to sell the remainder of your stock looks like TA is buying, if you speak to your broker maybe you can sell to him and save on dealing fees?


Hi jbe81, a very kind remark and sensible advice. Thank you.

I put in a high limit price for selling yesterday and was surprised that the share price hit this limit. So I'm out.

Very good luck to all holders.

[diversification] 27/10/2020 08:20

NT to buy all morning.

[deanmatlazin] 27/10/2020 08:15

The company should issue RNS re price movement. It is rude not to. Please reveal the acquisition/RTO asap!

[jbe81] 26/10/2020 16:32

Cjohn, if you want to sell the remainder of your stock looks like TA is buying, if you speak to your broker maybe you can sell to him and save on dealing fees?

[juju44] 26/10/2020 13:58

Feels like that but many of theses AIM shares are just for manipulation . We shall see

[deanmatlazin] 26/10/2020 13:37

look like good news is coming soon!!

[jbe81] 26/10/2020 10:58

Looks like TA increasing his stake

[deanmatlazin] 26/10/2020 09:56

Am hoping to get good news during AGM. I hope the either the acquisition or RTO will multiple the current share price.

[cjohn] 24/10/2020 20:04

jbe8123 Oct '20 - 16:18 - 2875 of 2876
0 0 0
Cjohn, have you taken the opportunity to sell some more?


Yes, I've off-loaded a few more, jbe81. I'm happy to sell at 100%+ profit. (I do recognise upwards momentum here - may be selling early - but there are plenty of deep value opportunities to re-invest in currently.)

An RTO is an interesting idea and makes very good sense. And could realise further value for shareholders.

But so far all we know is that an acquisition is under consideration. Unless they take on debt, it's going to be a pretty small acquisition, as they need to keep some cash to pay all running costs. If they do take on debt, this will increase the risk markedly to shareholders.

However, in view of the excitement around mining stocks at the moment, any half-viable acquisition may cause the price to spike up.

[deanmatlazin] 23/10/2020 17:12

Unfortunately they running a mine that are loss making. €36m historic loss + €5m+ in the bank, if they RTO a gold mining company...that loss can use to reduce tax payment in future. Well...we all hope the RTO will multibags the current price.

[jbe81] 23/10/2020 16:18

Cjohn, have you taken the opportunity to sell some more?

[terropol] 23/10/2020 16:13

I think there is a good chance of news next week. Cjohn with the losses carried forward we could even get a reverse takeover.... Listing,Losses,Cash Balance in bank, La Zarza freehold assett, all adds up.

[cjohn] 23/10/2020 15:59

ALL companies want to create substantial value for shareholders. That is what a company is for.

But just saying it doesn't bring it any closer.

Take a look at ORM's balance sheet, at the item for Retained Losses: which currently stand at 36 million euros. That tells the real story: ORM has been an outstanding value-destruction machine over the last few years. The handling of the tungsten mine demonstrated serious operational flaws and lack of ability. Most of the board from a few months ago are still in place.

As a 5 bagger, ORM would have a market cap of 35 million sterling. The chances of ORM supporting that market cap with operational success is very slight indeed.

That is not to say that hype on twitter and novice or naive investors won't bid this up to absurd levels completely unjustified by any economic reality.


I shall be delighted if they do.

[deanmatlazin] 22/10/2020 12:08

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 12:05

Nice , keep 'er lit