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well done. nice holding you have circa 5m shares.
while many are chasing rainbow elsewhere, this will rise rapidly very soon. quiet time is the best time to accumulate :)
That's a substantial holding PAD. :)
I have a similar value holding in another stock which I won't name unless you guys want me to. I know a lot of boards dislike cross peddling!!
The company I'm invested in has the polar opposite view with regards to communication with shareholders which is why I've backed it so heavily. We know exactly what's on the horizon.
The issue I've always had with ORM are the long spells of silence together with projects never fulfilling mining expectations (to date at least). I really hope they get this deal over the line quickly and the copper deposits exceed expectations. It's the least ORM shareholders deserve for their faith and patience. I still hold 300k shares BTW. Good luck to all. :)
BarneyR, what's the stock please?
I am always open to new stocks, obviously I'll do my own dd.
Morning Gist.
No problem at all. The stock is one that has been well featured in the crypto world. It's called Argo Blockchain (ARB). Please be aware that this stock is not for the faint hearted as the share price swings (up and down) are extremely severe. When the share price falls those who have done their DD do not sell, we top up. Please check out recent YouTube clips from Peter Wall the CEO. He posts regular video updates keeping shareholders in the loop. The share price closed at £2.35 to buy - down with every other crypto related stock on Friday. I suspect tomorrow it will open well above this as Bitcoin is spiking over the weekend. However, there are 4 or 5 very different 'projects' on the go. Falls in the past have been £1.40 to 60p and currently £3.40 to £2.35. Yep. It's a rollercoaster ride but for me one worth taking given what is on the horizon!! If you're interested, please scroll through the ARB chat forum for more info from Racing Cyclist, Coin Collector and a few others. I'd hate to put fellow investors into something that went wrong so please please do your own research before committing!!
let's Talk ORM
Thanks BarneyR for the info.
Have a lovely weekend.
My pleasure Gist.
Thanks. You too. :)
Still no RNS this really is beyond belief. What an opportunity for such a good deal I can't see this getting signed it is taking too long.
It was supposed to be all go for the deal after the voting
So whats happened
I was going to sell before the vote, but i put my faith into ormonde to get the deal done after the vote
Since voting its all quite and the SP is falling everyday
Hi Cekim. I agree. The longer this goes on, the more chance it will fall through - assuming it hasn't done so already. I fully understand that sometimes negotiations are sensitive (with confidentiality agreements signed) but there is no harm in putting out an RNS confirming that negotiations are still ongoing. To say nothing at all leads to uncertainty and with it, disgruntled shareholders.
@jdstandard. You wanted to just talk ORM. What is your take on this please?
BarneyR
Have always been positave about ORM- But would really like to hear something back from them. Last time around we waited for years to get permits. Now again we're waiting. Give us some news soon...
Going from an equity consideration to some other kind of consideration (cash?) might not be the most straightforward thing to renegotiate. ORM sounded confident that the deal could be renegotiated but whether any revised deal is better than the original one nobody knows.