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Share Name Share Symbol Market Type Share ISIN Share Description
Ormonde Mining Plc LSE:ORM London Ordinary Share IE00BF0MZF04 ORD EUR0.01
  Price Change % Change Share Price Shares Traded Last Trade
  0.025 3.57% 0.725 11,277 08:07:12
Bid Price Offer Price High Price Low Price Open Price
0.70 0.75 0.725 0.70 0.70
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -0.76 -2.02 3
Last Trade Time Trade Type Trade Size Trade Price Currency
16:26:56 O 4,277 0.711 GBX

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DateSubject
26/9/2020
09:20
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 0.70p.
Ormonde Mining Plc has a 4 week average price of 0.68p and a 12 week average price of 0.65p.
The 1 year high share price is 3.45p while the 1 year low share price is currently 0.45p.
There are currently 470,936,824 shares in issue and the average daily traded volume is 1,050,098 shares. The market capitalisation of Ormonde Mining Plc is £3,414,291.97.
09/3/2020
11:09
hedgehog 100: ORM Director/PDMR share buying RNS today. ORM's FD has bought 1,500,000 ORM shares, at a price of 0.7 Euro cents: that's about 0.61p. 09/03/2020 07:55 UKREG Ormonde Mining PLC Director/PDMR Shareholding "... Name Paul Carroll ... Position/status Chief Financial Officer ... Nature of the transaction Purchase of Ordinary Shares ... 0.7 Euro Cent 1,500,000 ... Date of the transaction 5 March 2020" https://uk.advfn.com/stock-market/london/ormonde-mining-ORM/share-news/Ormonde-Mining-PLC-Director-PDMR-Shareholding/81939996
06/3/2020
16:02
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.
04/3/2020
16:31
hedgehog 100: The company is considering a number of initiatives that it believes can add value, and I believe that news on these could deliver a strong rerating upwards. 17/02/2020 07:00 UKREG Ormonde Mining PLC Completion of Disposal " ... Commenting on the completion of the disposal and the subsequent Board changes, Jonathan Henry, Executive Chairman, stated: "Following completion of the Barruecopardo disposal and receipt by Ormonde of the EUR6 million proceeds, a number of previously proposed Board changes can now take effect. ... With the new Board in place, we are now fully focused on taking the Company forward into its next chapter and are already considering a number of initiatives we believe can deliver value to the Company and its stakeholders." ... " https://uk.advfn.com/stock-market/london/ormonde-mining-ORM/share-news/Ormonde-Mining-PLC-Completion-of-Disposal/81770672 And we are in a gold mining sector bull market, with a "rockstar board". From Proactive Investors recently: "Ormonde appoints new rockstar board, following disposal of Barruecopardo Ormonde retains some promising exploration ground at La Zarza Alastair Ford 08:09 Mon 17 Feb 2020 ... Jonathan Henry, previously a non-executive director, is appointed executive chairman, while Tim Livesy and Richard Brown are appointed non-executive directors. "I believe that Tim and Richard's extensive experience and contacts in the resource sector will assist the company greatly in its future development," Henry in a statement. Livesey is currently running Oriole Resources and is one of the powers behind Minexia, which runs fundraising platform NR Private Market. Brown was formerly chief executive officer of Gabriel Resources. And Henry himself is no slouch. He has run several companies over the years, including Avocet Mining and is currently non-executive chairman of Giyani Metals Corp (CVE:EMM). ..."
04/3/2020
16:26
hedgehog 100: 'Cash is king', and that's even more so than usual in depressed markets. And ORM's cash burn should be relatively low at the moment, as it's not currently engaged in mining operations, and it will be earning interest on its £5M.+ of cash. It's excellent what ORM are doing: focusing on the future, to build shareholder value, as ORM has in the past before bad luck intervened. And I'd expect an update - and perhaps even multiple updates - this month. 10/02/2020 07:00 UKREG Ormonde Mining PLC Directorate Change " ... It is our intention, in the short term, for the new Board to work together with executive management to build a fresh and exciting vision and strategy for Ormonde, absolutely focused on value creation for shareholders including, if appropriate, through the pursuit of M&A opportunities." ..." https://uk.advfn.com/stock-market/london/ormonde-mining-ORM/share-news/Ormonde-Mining-PLC-Directorate-Change/81707018
02/3/2020
14:13
hedgehog 100: Absoultely Jbe. Depressed valuations mean that ORM could pick up something really juicy, propelling it to a much higher valuation overnight 'Cash is king', and that's even more so that usual in depressed markets. And ORM's cash burn should be relatively low at the moment, as it's not currently engaged in mining operations, and it will be earning interest on its £5M.+ of cash. Also, thanks to Maverick 12 on LSE for this latest news: ORM are currently attending PDAC 2020 in Toronto, Canada: "The World's Premier Mining Exploration & Mining Convention", March 1 - 4 2020, Metro Toronto Convention Centre. HTTP://www.pdac.ca/convention Company development news is expected in the short term. And I would think that a RTO (reverse takeover) here is quite possible, given ORM's cash. I'd expect an update - and perhaps even multiple updates - this month. 10/02/2020 07:00 UKREG Ormonde Mining PLC Directorate Change " ... It is our intention, in the short term, for the new Board to work together with executive management to build a fresh and exciting vision and strategy for Ormonde, absolutely focused on value creation for shareholders including, if appropriate, through the pursuit of M&A opportunities." ..." https://uk.advfn.com/stock-market/london/ormonde-mining-ORM/share-news/Ormonde-Mining-PLC-Directorate-Change/81707018
20/2/2020
18:51
hedgehog 100: CJohn 19 Feb '20 - 09:12 - 2553 of 2589 0 1 0 "Current market value: £3 million pounds. Buys 5 million pounds cash, plus two mining assets worth maybe two or three million. ORM's net tangible asset value is £7-8 million. So trading at under half tangible book value. The discount's exaggerated." CJ, The company is considering a number of initiatives that it believes can add value, and I believe that news on these could deliver a strong rerating upwards. 17/02/2020 07:00 UKREG Ormonde Mining PLC Completion of Disposal " ... Commenting on the completion of the disposal and the subsequent Board changes, Jonathan Henry, Executive Chairman, stated: "Following completion of the Barruecopardo disposal and receipt by Ormonde of the EUR6 million proceeds, a number of previously proposed Board changes can now take effect. ... With the new Board in place, we are now fully focused on taking the Company forward into its next chapter and are already considering a number of initiatives we believe can deliver value to the Company and its stakeholders." ... " https://uk.advfn.com/stock-market/london/ormonde-mining-ORM/share-news/Ormonde-Mining-PLC-Completion-of-Disposal/81770672 And we are in a gold mining sector bull market, with a "rockstar board". From Proactive Investors earlier this week: "Ormonde appoints new rockstar board, following disposal of Barruecopardo Ormonde retains some promising exploration ground at La Zarza Alastair Ford 08:09 Mon 17 Feb 2020 ... Jonathan Henry, previously a non-executive director, is appointed executive chairman, while Tim Livesy and Richard Brown are appointed non-executive directors. “I believe that Tim and Richard's extensive experience and contacts in the resource sector will assist the company greatly in its future development,” Henry in a statement. Livesey is currently running Oriole Resources and is one of the powers behind Minexia, which runs fundraising platform NR Private Market. Brown was formerly chief executive officer of Gabriel Resources. And Henry himself is no slouch. He has run several companies over the years, including Avocet Mining and is currently non-executive chairman of Giyani Metals Corp (CVE:EMM). ..."
18/2/2020
13:30
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.
10/2/2020
09:53
hedgehog 100: The market seems to like today's RNS: ORM is currently up 7.7% today to 0.7p, on volume of 5,633,903 shares traded. That's still just a market cap. of £3.31M.: compared to over £5M. of cash ORM is likely to receive this week ... and the US$365M. that Rakita Exploration and Reservoir Minerals was sold for a few years ago. 10/02/2020 07:00 UKREG Ormonde Mining PLC Directorate Change "New Non-Executive Director Nominees As indicated as part of Ormonde's announcement of 27 January 2020, both Mr. Michael Donoghue and Mr. John Carroll intend to retire from the Board and Company following the completion of the proposed disposal of the Company's 30% interest in the Barruecopardo Tungsten Mine ("Proposed Disposal"), assuming the Proposed Disposal is approved by shareholders at an extraordinary general meeting to be held in Dublin on 13 February 2020. In preparation for these changes, Ormonde is pleased to announce that it has identified two new non-executive director nominees, who will replace Mr. Donoghue and Mr. Carroll, assuming completion of the Proposed Disposal. The nominees are Mr. Tim Livesey and Mr. Richard Brown, who both will bring extensive mining industry executive experience and a combination of strong technical, commercial and governance credentials to the Ormonde Board. Mr. Livesey is a geologist and mining executive with 30 years of experience in gold and base metals. Tim is currently Chief Executive Officer and director of Oriole Resources PLC and non-executive chairman of Minexia Limited, a mining investment, development and advisory company, having previously held several executive management and Board roles with companies such as Barrick Gold, Tethyan Copper Company, Rakita Exploration and Reservoir Minerals, (which was sold in June 2016 to Nevsun Resources Ltd. for US$365 million). Mr. Brown is a chartered accountant with 28 years of experience in business and corporate advisory roles and is currently Chief Financial Officer of TSX Venture Exchange quoted Gabriel Resource Ltd. Prior to his current position, Richard spent 15 years in corporate finance advisory roles, specialising in M&A/takeovers, equity capital markets, AIM/TSX regulatory advice, including positions as Head of Corporate Finance and Chief Operating Officer at mining focused investment bank Ambrian Partners. Assuming completion of the Proposed Disposal and their subsequent appointments, Tim and Richard, together with Mr. Jonathan Henry, who will move from non-executive director to Executive Chairman, will provide Ormonde with the appropriate leadership, governance, experience and strategic direction as it targets a new phase for the Company, focussing on the creation of value from its current assets, together with pursuing growth through M&A, supported with the cash proceeds from the Proposed Disposal of EUR6 million. ..." https://uk.advfn.com/stock-market/london/ormonde-mining-ORM/share-news/Ormonde-Mining-PLC-Directorate-Change/81707018
05/2/2020
10:56
cjohn: Jibba Jabber "Good morning all, yes indeed searcher0, i shall look forward to selling my shares at many multiples of the current share price next week" Crikey, you've got out of bed on the sunny side this morning, JJ. I can see the share price appreciating once the sale of the tungsten mine is confirmed. so I've been buying in constantly below 0.7. But I'd be surprised if the share price goes much above the value of net cash in the short run. Bear in mind, the suggestion that the company is going to try to develop the remaining assets will likely weigh on the SP, as ORM don't have a good recent operational record.
03/2/2020
11:05
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://ormondemining.com/. 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. ..." http://uk.advfn.com/stock-market/london/ormonde-mining-ORM/share-news/Ormonde-Mining-PLC-Proposed-Disposal/81486986 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 www.ormondemining.com, 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). ..." https://uk.advfn.com/stock-market/london/ormonde-mining-ORM/share-news/Ormonde-Mining-PLC-Publishing-of-Circular-and-Prop/81605442 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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