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Tru market cap now only C$3.3 million.
Heres hoping your right.
Perhaps Ormonde has been on the mark with Tru notwithstanding the share price. Tru's neighbouring company is being acquired by a larger gold producer in a C$345 million acquisition. I would have to keenly hope that Tru is now in line for an eventual buyout itself.
https://www.proactiveinvestors.com/companies/news/1032898/calibre-mining-to-acquire-marathon-gold-in-c-345m-all-stock-deal-1032898.html.
Sp shocking
Chief Executive Officer Brendan McMorrow says: "I am very pleased with the progress achieved during the first six months of 2023.
Really , the price has been decimated.
This company is having a laugh
Ormonde Mining PLC - holds stakes in Toronto-listed gold and copper explorer Tru Precious Metals Corp, which has a project in Newfoundland, Canada, and in battery metals explorer Peak Nickel Ltd - In the six months that ended June 30, pretax loss widens to EUR454,000 from EUR363,000 a year earlier. Administration expenses widen to EUR536,000 from EUR350,000. Posts no revenue, unchanged. Chief Executive Officer Brendan McMorrow says: "I am very pleased with the progress achieved during the first six months of 2023. During the period we identified and negotiated two highly attractive investment opportunities to advance the board's stated goal of generating shareholder value by leveraging the company's balance sheet and resources whilst carefully managing its operating costs. The company now has exposure to two compelling, diverse and complementary exploration opportunities. These opportunities position the company and its shareholders for future capital growth, while retaining a stock market listing on the Aquis Growth Market."
Https://www.peaknickel.co.uk/
Right metals Right time.
New secure website for Peak Nickel? Nothing on it yet but there's a tab for future RNSs. Hopefully news soon on ORM's half mill investment?
A multiplication of the TRU share price, since that is its only asset of any attributable value. Current TRU market cap is £2.5m, ORM owns 36% so valued at £0.9m or 0.2p per share EV plus whatever cash they have left. Current share price is probably a bit overvalued in fairness, presumably waiting to see what genius deal they do next.
1 trade for 320 and down 12%
That is unbelievable. I thought the AIM market was corrupt but this is worse. What is going to make this SP rise???
Https://www.aquis.eu/companies/ORM
Outlook.
Depends who you listen to.Believe what Deathstranding says and were goosed and gonna lose your house. Read other boards and some people think this is a good deal with TRU with loads of potential. Good thing is Anderson who has a 25% holding needs it to do well or he loses too. Thing is to low to sell so we have to ride it out.
All my opinion of course.
DYOR
Marked down but v thin trading by volume and value since relisting. More buys than sells it seems. Could yo yo a bit. What range will it settle in...
.... for Ormonde shareholders, now trading at 0.35p per share. At least the TRU share price is up 75% for a market cap of £2.2m valuing ORM's 36% at £790,000 or 0.17p per share. This is despite paying £1.8mm for it. Great piece of business by the Ormonde board.