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Hey can you give us an overview, I could definitely do with a bit of hope here !!!
Ok, Ive been in contact with the company and had an update. Nothing RNS'able. All I can say is that I will not be selling :-)
This is the most volume I’ve seen for 6 months. Ironically there’s another 1m buy print on aquis too. That’s not showing here.
Exactly correct. They want 0.78 for 500,000 which is only £4K worth. Will be over 1p at the stroke of a pen then MM will start playing again. Feels like need is coming. The board have been silent since being installed last year
The irony now, is that you cannot buy any size of stock. The MMs need to wake up....
The last we heard from the new board was the following -
- chairman increased stake from 23% to 24.5%
- new Board were granted 9m options at 1.1p
Volume has been zilch since Dec but suddenly it wakens up today. Well we need 50% uplift just to get close to the option price and the chairman was purchasing above 1p. Have they got something to tell us?
Signs of life at last. What have they been doing for 5 months. Looks like we about to find out.
SP drop not unexpected after months of silence, though on low volumes. Relaxed here, though it only makes up about 2% of my share portfolio. Silence does not necessarily mean there is nothing going on. No news could plausibly be good news e.g. some deal in progress, and therefore no RNA to be issued yet. Otherwise, I think we could have expected an RNA by now. Looking at it glass half-full.
Thanks for the reminder Zebbo. Have an average of .8 so not too far underwater, but clearly don’t want to slide further than current levels.
I approached the company In January. Heard nowt
I trust that people have dropped Brian Timmons a line :-)
The drop in SP has been disappointing, but the turn around will be swift on the back of the right deal. I have put my M,s of shares in the bottom draw for now......but maybe not for to much longer
For those that sell, you are selling at less than cash/assets. (just a reminder). The new project deal could and should supercharge ORM from current levels
Friday 1st April RNS hopefully . . . . but probably not given their record to date, let's hope.
Been invested here a good few years now and have over a million shares. I thought the board change could only be better than the previous lot, but seems like we have gone from bad to worse. The lack of information is frustrating to say the least. I have set myself a deadline now and if nothing further materialises by then , I shall take the hit and move on.
This is an absolute joke from the board. We are now into the end of march with no news. Get your finger out your arse and tell us what you are doing with our money!!
Yeah share price is drifting now. been a good while since i seen it in the 60s range and were damn near it.
this stock aint going anywhere till we get an RNS outlining a plan.
Was hoping for news / update by the end of Q1 (only 2 days to go), announcement/plan is badly needed to get this share moving again!
Has anyone been able to get hold of someone at the company?
Overlapped posting with Zebbo, but basically the same view.
I'm holding (small-to-medium amount, average not dramatically north of here) for five main reasons:
1) The last RNS said - "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. ...our priority is to evaluate and execute an opportunity or opportunities whereby Ormonde can leverage its listing and balance sheet to generate shareholder value."
2) There is a very large shareholder who presumably does not want, or intend, to lose his money
3) Selling now ensures a loss from this investment (and worsened by the spread)
4) Assuming that any RNS with a decent plan would see an SP rise, possibly significantly
5) I like a mystery box
Not advice though.
for what its worth, we trade at cash and still have $2M worth of gold assets on the balance sheet. I will be contacting the company again on Monday, as they should be doing better with their comms. That said a slight sniff of something positive, then we could rise very quickly indeed. I have a 7 fig holding here and still relaxed, but not pleased with the comms. Think about it TA last purchased Christmas time at ~0.9, hes not purchased recently so could be something going on behind the scenes, but pure conjecture on my behalf
Almost two quarters with this new bod, it would indeed be good to have some news.
IMO it's a good sign that CGNR is going so well (McMorrow's involved as a NED there - very exciting gold project).
Now's his chance to really shine though as Mr Big, front and centre in ORM. All he's got to do is the right deal at the right price at the right time...
If they come up with a plan it could be worth keeping. No plan shares will be worthless as it keeps dropping
I'm trying to sell up on hl....it won't let me...anybody say I should hold on to these shares?
What was the point in clearing the old board out when the new board are doing nothing.
Kr, you need to contact via the RNS contact numbers ;-)
Trickle trickle down
The company doesn’t respond to any emails and when I tried to call the phone number on the website it doesn’t even seem to work