Ormonde Mining Share Discussion Threads

[cal57] 12/1/2023 18:19

Noticed on the LSE board a poster did get a reply from the company-posted on 30 Dec 22. "Thank you for your reply regarding Ormonde. The company is required to make an acquisition or acquisitions constituting a reverse takeover before early April 2023 and is well advanced in the process. The company is being advised on its disclosure obligations that go alongside pursuing a possible RTO and will publish information as soon as it is appropriate from a regulatory perspective to do so."

[cal57] 12/1/2023 18:13

Funny how a few sells can drop the price yet equivalent buys on another day hardly move it up.Emailed the company a week ago regarding progress on the RTO but have had no reply.

[pol123] 11/1/2023 19:17

All quiet, not for long !! See some buyers have been dipping their toes in over the last few days

[cal57] 04/10/2022 08:20

Good to see sale completed 1st payment in the bank and future payments secured.

[gotabsirius] 04/10/2022 06:56

Thanks Paul, should see another run on 3p before 6 months is up!

[cal57] 28/9/2022 17:45

Thanks for sharing

[paulwinter10] 28/9/2022 15:56

Hello,

I attended Agm followed by Egm. We are to expect an announcement on a new project within the next 6 month. This is required by the AIM regulations.

Many countries are being explored from Africa, North America to South America for a advantageous project for the company. Tom Anderson said to me that Ormonde is not leaving the Mining and Exploration arena to go to brighter fields.

Meeting held in nice surroundings in St Helen's Hotel, Booterstown in South Dublin.

The size of breakfasts at Shareholders often reflects the state of the company. I would say the soread was better tjem expected!

kind regards,

Paul Winter.

[gotabsirius] 28/9/2022 11:52

Personally would imagine a company reversing into ORM listing. The listing alone is worth around £1m to a company considering an IPO.

[gb904150] 28/9/2022 11:20

Is it really such a massive discount to cash?

Cash and equivs at end of June 2022 - 3.4m €

Cash due from La Zarza deal - assuming it goes through - 2.3m €. Paid as 800k € and 3 x 500k € over 3 years.

Total: 5.7m €. Of which 1.5m € is over 3 years.

Mcap shows as £3.4m.

shares in issue - from website. 472,507,482 (at 19 November 2021)
SP £0.0072.

5.7m € is about £5m.

So trading at about 2/3 of cash. Meanwhile it's got admin costs eating away at that. Much reduced of course, but still.

So to me it looks reasonably priced for a soon to be cash shell with a poor track record and no evidence of what the future plans/prospects are.

I still hold....but I think it's just 'fairly priced' rather than 'massive discount'.

That said.....we are in a market where there will be great opportunities for cash rich companies. But can you really do that much with the 2.5m € or so free cash we will have to deploy? Maybe....but again....the track record.

[gotabsirius] 28/9/2022 08:41

I don't think I've ever seen such a discount to cash.... incredible opportunity provided they deliver. Should see multiples in returns over next six months imho

[talkman2] 28/9/2022 08:15

Bought 750,000. Trading below cash

[dolores123] 28/9/2022 08:13

Are the directors mlking this??

[gotabsirius] 28/9/2022 07:44

Can someone ask if the cash premium to valuation will be returned to shareholders if they can't find an acquisition/ RTO in the next six months?

[paulwinter10] 27/9/2022 15:59

Hello fellow punters!

If you're not in, you can't win!

Avoid crypto and keep in with Ormonde Mining for a big announcement!

Please enter my €10 Irish Lotto syndicate! See me in hall or lobby before AGM and bring a euro! You'll bring us luck!

Kind regards,

Paul Winter,
lotto syndicate extraordinaire!

[gotabsirius] 27/9/2022 15:51

Is anyone going who can offer some feedback? Thanks

[cal57] 27/9/2022 12:34

Proposals for AGM tomorrow. https://ormondemining.com/wp-content/uploads/2022/07/2022-AGM-Materials.pdf

[paulwinter10] 22/9/2022 17:28

Hello

Things are hotting up towards next week's meeting.

Be there, or be square!

Meet me before meeting to join my €200m lotto syndicate in the lobby. Please bring a euro!

kind regards,

Paul Winter,
Lottery syndicate manager extraordinaire!

[diamond_mountain] 22/9/2022 17:18

Lotto proposal sounds like a good idea

[gotabsirius] 21/9/2022 14:57

Any thoughts on were they'll go with investment?

[paulwinter10] 21/9/2022 14:17

See you at shareholders meeting. Bring money for lotto €200m. If you're not in, you can't win!

[cal57] 21/9/2022 12:04

Nice to see some buying hopefully news soon we've waited long enough.

[gotabsirius] 04/8/2022 18:01

What a load of tosh. Do you think Thomas Anderson has put almost £1m into this company and install his own Board to watch it go to the wall! There's also a shed load of tax losses sat in this business which is also worth a small fortune to a cash positive asset. And....the listing is worth about £1m.

[chassiemodo] 04/8/2022 12:58

Selling up what assets they have does not bode well. Unless Ormonde can produce a clear constructive forward plan at the next AGM pull a rabbit out of the hat so to speak We share holders are doomed.

[novicetrade68] 31/7/2022 01:10

One gold license remaining - they do have some more money to spend on it now with the other license gone, gold trading around a low point too perhaps.

hxxps://ormondemining.com/projects/salamanca-and-zamora-gold/#1469746525250-190eede7-35fe


Gold mineralisation at Pino de Oro, Zamora Province, is hosted in steeply-dipping structures characterised by quartz veining, silicification and alteration in granites.

Previous Drilling: In the 1990s drilling was carried out by Spanish government agencies which intersected high-grade gold mineralisation. Better intersections included 1.0m grading 65.8 g/t and 10.7m grading 3.7 g/t gold on the El Facho and La Solana structures. Drilling by Ormonde Mining in 2007 confirmed the previous government drilling, with intersections including 1.0m grading 18.9 g/t, 1.0m grading 16.6 g/t and 3.0m grading 4.3 g/t gold.

Drilling by the Joint Venture: Drilling to date by the Joint Venture has been focused on the “El Facho” gold structure, where the Joint Venture has drilled 11 holes for a total of 2,697 metres, bringing total drilling at El Facho to 18holes drilled by Ormonde Mining / the Joint Venture for a total of 3,658 metres.

Drilling results include:

ORMP-10: 12m @ 3.4 g/t Au from 89m depth
ORMP-15: 11m @ 3.6 g/t Au from 109m depth
ORMP-1: 23m @ 1.1 g/t Au from 51m depth
ORMP-19: 22m @ 1.1 g/t Au from 79m depth
ORMP-4: 6m @ 3.7 g/t Au from 40m depth