Member Info for adamk87

Easy 50% to be made here. TR1 on block buyer to arrive. Gl

Bloodninja i agree fully re aisc and i believe it has/will come down. I believe Lee posted an in-depth reply which is along my lines of thinking too.

Re refinancing agreement i dont agree, i believe the banks gave them time to get their house in order given they only just moved in (DB and his team).

Irrespective of aisc, biox or maintenance an agreement needs signing and the grey cloud above mtl lifting with it. Q4 2019 was when we were told it would arrive so latest i would expect is mid Jan (which we fast approach).

Gold prices, big block buyer here are all bullish signs but we need to get our feet on the ground first and that starts with a restructure. GL

Will take 11.76% today, could and should be a lot higher. Hopefully we’l be making some real moves soon, helped by some overdue newsflow! GL

https://www.lse.co.uk/ShareTrades.asp?shareprice=ORM.GB.PL&share=Ormonde-Mining-Plc

Plenty of buys gone through on Nex this afternoon too.

Like some here, the 1m plus trades are nearly all buys showing in red (due to the enlarged spread showing there and time printed).

Clearly someone (or multiple people) think the SP offers good value down here. Dyor GL

Its coming.

Another TR1 also expected as plenty of chunky buys throughout the week. GL

Harhoo was right to call yesterdays drop a fake one, mm’s were out looking for last minute sales. SP is very strong at current level, will take 5m in one go above bid currently.

News is due to arrive imminently, cani wait!! GL

News is coming, the fact its taken this long is a promising sign to me.

If we got news day after bids were closed it would’ve likely meant there was nothing on the table, clearly something is going on imo. Hold long and strong. GL

Shinfalls best of luck to you buddy. Its only money at stake, health is more important so take it easy.

My 2p worth

I dont see an offer arriving or if it did being entertained by the major shareholders (who are both worth billions).

Its taken years to get to where we’re at, the debt was to get the mine up and running and with ever increasing gold prices can be easily financed over say a 5 year period (with no haircuts or pressure).

Dont forget the area being mined currently is only a fraction of what we own, i believe if ever the majors were to flog this on it would be once they’d proved up other areas, licences and operating on a debt free basis.

Todays price is irrelevant to those happy to hold (that have already held over 10 years since this journey began).

Our major shareholders are astute businessmen, they wouldn’t sell this at 10p (or thereabouts) off the back of whats happened in the last 18 months (sp collapse due to refinancing issues, director changes, typhoons, biox issues etc) just because it is 10x todays SP

In 12 months time once we’re well on our way to paying back debt owed (having agreed to a sensible restructure), ever increasing gold prices, recovering more gold than ever before thanks to specialist team put in place by our very competent ceo (baring in mind a lot of servicing including fleet and machinery was done in 2019 and first quarter of 2020), proving up and obtaining licenses to explore further afield this will be worth more than 10p a share.

I agree with Volmer in that this is still very risky given we’ve not had a restructuring taken place yet (market preys on such vulnerabilities and we’re priced that way) regardless of everything pointing towards it will. ‘When’ it happens then this will be a different beast and the SP will reflect that.

GL all

Lol

Shook a few out Friday afternoon and will carry on doing so for every leg up, at some stage the mm’s will let this motor up as too many shares being bought up by sticky holders. When they do let it go i reckon 15p goes quickly. GL

https://www.google.co.uk/amp/s/www.share-talk.com/oil-man-jim-company-oil-gas-podcast-blog-5th-january-2019/amp/

Lekoil (LEK) issued a strong announcement. It has secured $184 million funding from the Qatar Investment Authority for the appraisal drilling and initial development programme on the Ogo field within OPL 310. Currently 9.5p (up from 4.65p at the time of the announcement), Hannam & Partners have calculated a risked NAV of 23p a share and an un-risked NAV of 239p a share.

Cheap down here, more TR1’s expected this week with big block buying all morning. OMJ article states this with unrisked nav of 29p per share with a risked nav at 279p!

How much would the drilling programme cost?

Assuming cash calls are paid, would that not cover it?

Gordon im not talking time frame, im talking the SP then and the SP now and the value it reflects.

SP went to 0.70 on the back of investors believing Cambay would be forfeit. At this point being awarded gspc’s % wasn't certain (turned out to not be the case anyway), we still had to go out and find a partner plus funding to get the work programme underway.

SP is now sub 0.20 and we’ve been through what we have since then (arbitration and bid process) and can finally see light at the end of the tunnel (subject to bids being confirmed etc), once we have clarity (confirmation imo) of who’s lined up to take gspc % then wheels are finally in motion.

** Imo once a bids confirmed it means we’re miles ahead of where we would have been given if the above had materialised.**

If the above had materialised today** would probably read better.

In a nutshell - Todays 0.20 represents much, much better value than last years 0.70 did. On completion one would hope to zoom past that SP/mcP (consistent with dilution since).

Hope that makes sense

It went as far as 0.70 previously on anticipation of Gspc having to forfeit their %.

Imo once a bids confirmed it means we’re miles ahead of where we would have been given if the above had materialised.

Below statement from last quarterly report:

The Company's plans for the 2019-20 work programme and budget (2020 WP&B) at Cambay are well advanced and include the drilling of up to two vertical wells, subject to, inter alia, securing the necessary funding. The priority will be to test the drilling and stimulation recommendations from the Baker Hughes-GE study in the EP-IV zone. Any early production will utilise the existing processing and storage facilities which will be upgraded as required to provide a low-cost path to commercialisation. Given success, a larger drilling programme will follow, with the aim of aggregating sufficient production volumes to connect to the high-pressure pipelines which would offer greater offtake stability and improved gas prices.

- Once our new partner joins us, we’re good to go imo. (Our part of the funding coming by way of outstanding cash calls being paid)

I reckon fireworks here soon enough, loading up continues. GL

Looks like i got in just in time, ask moving up very quickly. Plenty of attention and eye balls on this over the weekend. GL

Taken a position here. Buy not showing on recent trades. GL

Best case scenario we hit multiple pennies through 2020.

Likely scenario with confirmation of bids and next steps for this saga to be complete and we move into the 0.30’s very quickly. Momentum could take us anywhere though.

Nice buying again today. Plenty picking these up while cheap, plenty will wish they added more sub 0.20 imo. GL