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Whats with all the 50k trades?
This was the last update from ORM nearly 4 months ago . Reads well but update must be due on the “meaningful shareholder value”
"The new Board is acutely aware that shareholders have been waiting a long time for the Company to deliver a return to shareholders and, more recently, to utilise its balance sheet and deliver a strategy creating meaningful shareholder value. Working with Brendan, our priority is to evaluate and execute an opportunity or opportunities whereby Ormonde can leverage its listing and balance sheet to generate shareholder value. We will do this alongside reviewing the Company's existing assets to maximise opportunities therein, while placing a strong emphasis on cash preservation."
Limited down side. Good assets in Spain and £3m of cash. 2p fair value and that’s before any big transaction
Evening all.
Nice to see a bit of chat and interest here again.
SP has just hit a low that is a minimal risk for a buy in or average down after sliding on almost zero trades.
Price has just had to drop to the point where anyone was willing to buy any.
No new news still, but mcap is now back to where is should be IMO.
Not trying to be negative as I'm down still , as many others will be here. Just waiting and watching.
GLA
Next update is going to be very interesting - RTO target with a 2p share for ************** will do for starters.
04-Apr-22 10:22:16 0.79 278,556 Buy* 0.65 0.80 2,201 O
was me averaging down a bit while able. I'm guessing today a few others as well maybe seeing some mist beginning to swirl around something in the crystal ball. Just a sense, no firm information.
Finally some upward movement. SP; has been in doldrums for years... Mr Anderson has a plan....
I said "otherwise". So I reckon either TA's buying (I agree news less likely if so), or others are buying, anticipating news which might be coming.
Flundra
Surely Anderson can't buy if there's news coming anytime soon?
Nice rise. Anderson buying perhaps. Similar pattern to last time he bought. Notification coming perhaps.
Otherwise maybe news coming. Here's hoping.
He opened the bowling for Northants years ago.
i just hope they dont do something connected with karelian diamonds.
tom and brendan involved there...
l
Up to 1 p ......up 43% google
Yes looks it, given a few oppo to get some cheap ones though.
Folks, dont forget that we also have a £2.5M worth of gold assets sat on the balance sheet. Never mind the cash
It’s been a fake markdown to try and fill a buyer. Up 16% on £8k of buys. Wait until volume arrives.
A few bored speculators has been reason for trickle down.
Must be about time for Anderson to show his cards.
Even from the impact of today's smallish trades, clear enough that the sp could move rapidly with the right news. I guess the question would be where will current "free" holders give them up.
I view this as high-risk, high-gain from this point, so not in here for 20-30% from my average. Basically, multiples before I would be interested in selling. If the new project looks really value additive and interesting, then I will keep them for the longer term outcome, unless I think it's gone ridiculous. But it's still high-risk currently.
I was curious on the comment about GWMO. I have held shares there a while also. Not sure how that would work...
Appears to have been a spoof markdown over the past 4 months. Probably Anderson trying to fill his boots to 29.9%. Back over a penny on no volume. Fake markdown . Onwards
Would be interested to know how much free float there is here .
Didnt take much to spike ot to 5p not much over a year back.
I know Anderson owns 24% but what about rest?
I think a deal is close. Hopefully see this multi bag from current 0.7 levels
Brian Timmons, Non-Executive Chairman, commented:
"The new Board is acutely aware that shareholders have been waiting a long time for the Company to deliver a return to shareholders and, more recently, to utilise its balance sheet and deliver a strategy creating meaningful shareholder value. Working with Brendan, our priority is to evaluate and execute an opportunity or opportunities whereby Ormonde can leverage its listing and balance sheet to generate shareholder value. We will do this alongside reviewing the Company's existing assets to maximise opportunities therein, while placing a strong emphasis on cash preservation."
F in El its Fred Titmuss, oh no its not, it's Ormonde actually on the rise.
Long may it continue.
ALWAYS BELIEVE
YNWA
Could be GWMO? I guess we will have to wait until they update us . . . . . . . come on BOD get the finger out!
bongo, only to say they have not been sat back on their laurels ... ;-)
Is it gold, copper play we buying? Don’t leave us hanging!! Why all the buying today? First volume for 4 months