Ormonde Mining Share Discussion Threads

[easwarareddy] 20/1/2021 09:15

Volume too small

[imjustdandy] 20/1/2021 09:14

Big delayed buys now being printed . Only going one way this share.

[imjustdandy] 15/1/2021 20:56

https://www.mining.com/web/chinas-2020-copper-imports-hit-record-high/

[rostallagh] 14/1/2021 20:53

Good girl dol your still about haven’t heard from you in a while. Sounds like your still on the sour grapes?!!!!

[astubbs67602] 14/1/2021 16:19

Good trading volume again which shows interest, let's hope it's blue sky tomorrow:o)

[32campomar] 14/1/2021 10:08

Looks very impressive, still less than £10 million market cap with £5 million in the bank

[talkman2] 14/1/2021 09:58

Such high grade copper is going to be extremely valuable and profitable in the current environment and imminent green economic revolution

[talkman2] 14/1/2021 09:54

Looks great

[imjustdandy] 14/1/2021 09:49

Read the RNS

[deanmatlazin] 14/1/2021 09:44

o recovering direct shipping ore ("DSO") grade material (previous operator DSO grades of 6% copper, 23% lead and 25% zinc reported - see Note 1);

o public domain drilling results including 11.9% copper, 29.6% lead, 19.4% zinc and 159.2 g/t silver from 8.55 metres downhole depth (see Note 2);

-- a copper-silver deposit with mineralisation over a 1.2 kilometre strike length with significant high grade resource potential indicated by previous operator work including a public domain JORC (Note 4) Exploration Target of 15 to 20 million tonnes grading 3% to 5% copper (see Note 1); and

Exceptional!!

[dolores123] 14/1/2021 09:43

Sounds like more dilution and a cash call and then a long wait!

[juju44] 14/1/2021 09:41

Should soon see 3p again

[imjustdandy] 14/1/2021 07:03

COPPER- boom

[nashwan123] 12/1/2021 08:48

I just bought 200k not showing so must be delayed

[rostallagh] 11/1/2021 23:12

Good idea Nash. Get them bought before Rio arrive

[nash81] 10/1/2021 22:11

will buy some more ORM tomorrow.

punters were chasing this at 3p and share price now cheap at 2p

deal is coming despite delay. time to buy before news

[pol123] 08/1/2021 21:34

Ive got 1m and will be voting

[p@] 08/1/2021 14:52

Let's hope Tom buys another 32m shares. To save his 500.000,000 shares.

[p@] 08/1/2021 12:57

GB-My post was to address willo 's post.

[willo] 08/1/2021 12:55

Tom will vote on this. The issue is that the company needs 155m shares to vote. At the AGM, when Tom voted, 123m shares voted in total. So other than Tom just less than 20m shares voted. That won't be enough.

[gb904150] 08/1/2021 12:01

That was in September when valuation was rather different.

Isn't this just a battle between the BOD who want to continue with their comfortable salaries by dangling the prospect of a 'transformational deal' in front of investors.

To make that happen they need to be able to issue equity.

To do that they need the votes at the EGM.

To get the votes they need Thomas Anderson to be supportive.

So far, the EGM keeps getting postponed. Which suggests TA doesn't yet support the deal or the terms it's being proposed on.

However - whereas this was previously an outstanding value play, trading at below net cash, it then quadrupled. So not quite the bargain it once was.

End of June 2020 they had 5.6m € in cash.
+ La Zarza copper/gold
+ Spanish gold licences

But they burn through 0.8m € per year in admin expenses. So down to about 5m € cash now.

It's not exactly the same exceptional value at £9.65m mcap as it was at £2.5m.

[p@] 08/1/2021 11:29

Thomas Anderson has just bought 22% do you think he won't vote?

[willo] 08/1/2021 10:37

There is a real chance that this will be delisted. When was the last time you saw an AIM listed micro cap get 33% of its shares voted at an EGM?

[jbe81] 07/1/2021 23:07

What are they expecting from Rio?