Share Name Share Symbol Market Type Share ISIN Share Description
Ormonde Mining Plc LSE:ORM London Ordinary Share IE00BF0MZF04 ORD EUR0.01 (CDI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 1.20 170,000 08:00:08
Bid Price Offer Price High Price Low Price Open Price
1.10 1.30 1.20 1.12 1.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -0.76 -2.02 6
Last Trade Time Trade Type Trade Size Trade Price Currency
14:01:26 O 70,000 1.10 GBX

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Ormonde Mining Daily Update: Ormonde Mining Plc is listed in the Mining sector of the London Stock Exchange with ticker ORM. The last closing price for Ormonde Mining was 1.20p.
Ormonde Mining Plc has a 4 week average price of 0.93p and a 12 week average price of 0.93p.
The 1 year high share price is 3.35p while the 1 year low share price is currently 0.55p.
There are currently 470,936,824 shares in issue and the average daily traded volume is 939,609 shares. The market capitalisation of Ormonde Mining Plc is £5,651,241.89.
silverspoon2009: I think folk are now realising that the deal was not the best after all and are buying back in ahead of some new corporate activity be-it from Anderson or the BOD who have to deliver something PDQ. The clue was surely in the statement issued by ORM directors on 14th January where they suggested the licence owners could not move the project forward because they could not find a financier or words to that effect. 'License holders who have been unable to provide meaningful investment in the Licences in recent times' Https:// If it was such a great project it is fair to ask why the owners could not find a suitable partner? The Congo is no panacea.
flughafen17: ORM posted a historic ASX document about the proposed deal in the Congo, but try finding anything about Aus American Mining online now. Https:// However it was also very revealing..... What happened to Aus American Mining (ASX:AIW) they went bust, their Executive Chairman was Peter Laudau Https:// The internet searches about PL are hardly glowing are they.... 'It gets worse and worse for Pirate Pete Landau, formerly boss of a range of AIM dogs including Range Resources (RRL), all of which he fleeced via is Okap Ventures vehicle. At the weekend I served up a document showing that the Pirate stands accused of forgery, fraud and half inching A$2 million' Https:// There is very little about the proposed deal online but one wonders why the vendors could not attract funding for it. Except of course from the BOD of ORM, no doubt Thomas Anderson had done his due diligence and did not like it !!
rakitom: Ormonde Mining said it has advanced negotiations for a potential acquisition that will see it have the rights to acquire up to an 80 per cent interest in two exploitation licenses in the Republic of the Congo. But the pandemic and discussions with a large shareholder have slowed down progress, the company said. The potential acquisition was announced in September, and could cost up to $800,000 in Ormonde shares and cash on closing, with further payments conditional on the achievement of key technical and administrative project milestones. The licenses cover multiple high grade copper and polymetallic development and exploration projects in a highly prospective and underexplored district in the region. “Very significant progress has been made in these areas,” the company said in a statement. “However, progress to completion has been slowed somewhat resulting from the impact of the pandemic and ongoing discussions with the Company’s largest shareholder. The licences include a copper-lead-zinc deposit, recovering direct shipping ore grade material and a copper-silver deposit with mineralisation over a 1.2 kilometre strike length, among others. Ormonde said the terms of the transaction are at a late stage of negotiation and remain subject to change, although it has focused on minimising share dilution and execution risk for Ormonde. “The deal we are working to conclude is on a group of principally copper assets, with exceptional potential. Completion of this deal will deliver on the company’s stated strategy of generating immediate value accretion for shareholders,” said Jonathan Henry, executive chairman. “ We look forward to finalising and completing the transaction and fast tracking the assets towards development, positive cashflow and earnings with our new partners, including the supportive government of the Republic of the Congo, and look forward to updating shareholders as soon as possible.” Shares were trading at €0.022 cent on Thursday afternoon in Dublin, after hitting €0.018 earlier in the week.
cjohn: Sheeponwheels9 Nov '20 - 08:59 - 2894 of 2896 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? ORM is not a good share for "trading", because it's often illiquid and the spread between buy price and sell price is wide. This means if you buy one day and sell the next, you will make an exaggerated loss. The fact that the price was once a lot higher is not a reason in itself to buy. The share price went down to around 0.5p, because of the operational failures of the board. The tungsten mine was completely mis-handled and sold at a big loss. Currently, the assets of the company are worth perhaps 1.5 - 2p per share. (This gives no negative value for the past dire operational history of the company.) If I was in your shoes, I would hold! It makes no sense to sell just after you've bought, simply because the price has gone down. There have been no developments since you bought. Nothing significant has changed. If you want to become a serious investor/trader you need to get used to sitting on losses. No one has perfect timing or anything close to it. It's really important to become emotionally detached about loss, otherwise you will suffer too much. I hope this is of some help. Have a great day and best of luck with ORM and your other investments.
cjohn: 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.
hedgehog 100: Thomas Anderson has increased his ORM holding to 63,375,000 shares (13.41%), up from 10.87%. I.e. an increase of about 12 million ORM shares. And at the current ORM share price of 0.575p, these extra shares are worth about £69K. That is a strong vote of confidence in the value here. TA was already ORM's largest shareholder, but still has plenty of leeway before he reaches the 30% level at which he would have to bid for the company. And he should have plenty of cash after selling his CINE shares.
hedgehog 100: Rubbish! Firstly, the general posting has been more negative than positive on LSE. Secondly, the ORM share price has hardly moved today. And thirdly, nearly 2 million ORM shares were bought today, far more than the amount sold. The FTSE 100 has corrected about 15%, and most penny shares have fared even worse. But as a cash-rich shell, with gold property assets, ORM is a relatively safe haven in these challenged markets.
alamaison5: What's happening right now? Well, all these punters who bought in hoping to make a quick return are now becoming very impatient. Obviously everyone is disappointed with the share price action, and some will sell. What the clever ones are doing? Lurking in a dark corner waiting for these disappointed punters to sell. Ho yes, these punters will destroy furthermore the little value left in the company. When done, a week, 10 days(?), the clever ones will start buying. Value: €5m or £4,150,000/473,000,000 shares = 1.13p 1.13p minus V.A.T? Minus exchange rate at 2.5%(?) 1.13p minus commission from: -solicitors (?)?-banks (?)- So, if all the above applies we're talking about 25%. Take this off from the original price of 1.13p. And that gives you. 0.85p. As you know, MMs will always apply a discount to any share price. I'll say the real value of the deal/share price is .8p or 14% under the ASK. Then you can ad any other assets and cash to that price. Bear in mind that the cash was miserable at the time, around £200,000 (if I remember). So what extra value can we attribute to the share price? I am not ramping/de-ramping ORM. This is an honest opinion. I am sharing my research and willing to revise my numbers according that you bring more data that can be verified. No just throwing in thoughts and feelings. For example, I have put a ? where I am not certain of my research. The VAT. Can one verify? I am in the process of doing so.
hedgehog 100: Jibba Jabber 4 Feb '20 - 09:14 - 2355 of 2358 0 2 0 "Well you wouldn't sell now with the meeting a few days away unless you were margin called. I think anyone selling now are people holding t10 or t20 brokers money." JJ, The timeline does fit in with your theory. The ORM share price collapsed on Wednesday 8th. January 2020, with this RNS: 08/01/2020 12:58 UK Regulatory (RNS & others) Ormonde Mining PLC Proposed Disposal LSE:ORM Ormonde Mining Plc Today is 19 trading days on from that. An additional speculation could be that the share price is being temporarily held down for some reason: e.g. to allow cheaper options for new directors. Either way, this is helping to maintain a temporary buy opportunity which cannot last.
hedgehog 100: Stonkingly great value here now at just 0.65p, market cap. just £3.07M. ORM should have cash far above its current market cap. after its proposed disposal is approved next week: for EUR 6M., which is about £5.08M. (1 Pound sterling equals 1.18 Euro.) 08/01/2020 12:58 UK Regulatory (RNS & others) Ormonde Mining PLC Proposed Disposal "Ormonde announces that it has entered into a conditional Sale and Purchase Agreement ("SPA") for the disposal of the Company's 30% interest in Barruecopardo Joint Venture BV ("Barr BV"), the joint venture holding company for the Barruecopardo Tungsten Mine (the "Mine") in Salamanca, Spain, to Oaktree Capital Management ("Oaktree") for a total net cash consideration of EUR6 million (the "Disposal"). ... The Disposal constitutes a fundamental change in business of Ormonde pursuant to Rule 15 of the AIM Rules and Rule 5.20 of the Euronext Growth Rules and therefore requires the approval of the Shareholders at an EGM of the Company. A circular, which will contain further details of the proposed Disposal and use of sale proceeds and a notice of EGM containing resolutions to approve the Disposal, will be posted to Shareholders in mid-January and will also be available on the Company's website at hxxp:// The EGM is expected to be held at the Crowne Plaza Hotel, The Blanchardstown Centre, Blanchardstown, Dublin 15 on 12(th) February 2020 at 11am. ..." 27th Jan 2020 4:39 pm RNS Publishing of Circular and Proposed Board Changes "Ormonde announces that it has published a circular, notice of extraordinary general meeting and form of proxy ("the Circular"), relating to the proposed disposal of Ormonde's 30% interest in the Barruecopardo Tungsten Mine ("Proposed Disposal"). The Circular has been posted to shareholders today, with a copy of the document to be available shortly on the Company's website, in accordance with the AIM and Euronext Growth Market Rules. The Extraordinary General Meeting to seek shareholder approval for the Proposed Disposal will be held at the Crowne Plaza Hotel, The Blanchardstown Centre, Blanchardstown, Dublin 15, at 11.00am on Thursday 13 February 2020 (a change from the previously indicated date of 12 February 2020). ..." If this doesn't move to above a penny next week then I'll be a monkey's uncle.
Ormonde Mining share price data is direct from the London Stock Exchange
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