Member Info for Awax

My thinking Pru or M&G averaging down?

Good morning......I reckon with the value of the Tungsten in the ground, it being a rare mineral outside China, fantastic projected cash flows, stable country ( needing revenues )......we should be fine. Have grabbed some more this morning, at a price less than the rejected t/o offer for Orm before that 2nd rns

15% with still a long way to go to the broker target price

9% already...... nice start?

Where's all the crew? Its one, granto and our Spanish friend?

Typical watch this constantly waiting for permit, then the day it arrives I have so much on grrrr ...might have to cancel the work and watch this for a while

Wonder if the herd will be along today....... I'm sure I hear the sound of hooves and all those target sp's lol

Happy days! Seems like an age of waiting for the permit. Now time to reap the benefits for stakeholders and locals in Spain. Well done to the bod and all Ormites for hanging in there!

ERM big buys today, as we get nearer to the permitting? I feel finance has been sorted. Whether Almonty return with a better offer, who knows, but they are in need of new assets/developments at the moment imo

I believe Spain re-opens this week so the board need to be on to the local authoriti3es.........¿Qué está sucediendo con los trámites pendientes

43 days later, or 30 working days, or is it 3 Spanish working days later we are still waiting for Stamp Almighty and the permit. Hopefully early in September the jobsworths will wake up and realise what opportunities ORM could supply for the locals. Waiting patiently though........what's another few days wait in the bigger scheme of things?

"A short additional time" has been required to complete the permitting process, per the RNS dated 15th July 2014. I think someone at the time suggested 7, 30 or 60 days before we have more news. Basically just waiting for some old mining concessions to be sorted. Also stated that not much happens in Spain in August?

Ormonde Mining plc is a mineral development and exploration company focused on Spain. Its key activities include: Barruecopardo Tungsten - Ormonde is developing a low cost mining operation at Barruecopardo to become a major, secure European supply of tungsten. Gold Exploration in several highly prospective areas of western Spain which includes its joint venture agreement with Aurum Mining plc, where Ormonde currently has a 40% interest in the Pino de Oro project in the Zamora Province and a 46% interest in the Peralonso and Cabeza projects in Salamanca Province of western Spain. Ormonde is Manager of the Joint Venture. La Zarza Copper - polymetallic massive sulphide deposit in the prolific Iberian Pyrite Belt of southern Spain. The Barruecopardo project is the company's flagship asset, with a deal in place to take 100% of the first five years of production at revenues of over £350m. The final decision on a permit is expected imminently. The last broker target was issued a couple of years ago, but clearly the market for both the commodity and cost base has more than likely changed. 24p was I think the figure they quoted, but my expectation is a lot less than this having bought at 3.75p.

Up 10% so far but only low activity still. Spain needs the jobs this development will provide. Cannot see any further obstacles to final permit being issued shortly.

30 Days Later.....and albeit very limited number of trades, this one continues to creep positively. Knew there was a good reason to fill my boots at 3.75p. The final permission will see this one really move....good asset, country needs the revenue and commodity in short supply. Finance potentially already sorted and even a share issue would be at a much higher price. Just looking positive!

Permit imminent if the previous owners were given 30 days to respond. It is a month today, since the last RNS. Might be the reason this sp is slowly moving up?

Interest building here nicely over recent days with the ask creeping up in anticipation of news. Proven resource, sought after commodity, MoU agreed, predator waiting and watching, finance likely pending and approval to mine imminent. Nice and quiet here, but will all change in the weeks ahead.

Change of mind, yes went to Spanish bank and the lights were out. Now back safely in Ormy?

Took the money out for the Summer and put it somewhere safe/with a good rate of return.......not a Spanish bank then?

Well you called two of those three right! .....and patience of a saint?