Member Info for Catchingpigeons

Great news about Tiberius granto - ur right mate they seem to know their onions those boys from what limited info is available but it's now circa 64 days sine permits were announced and yet not any official updates / snippets or any inkling in the interim - not a jot in fact - which is not unusual for Ormonde I guess -but a tiny bit bewildering from a PR point of view as surely if u were a key player in a business with so much potential as this and having waited an age for the permits u wud surely want to publicise it and promote it big time -wouldn't u ? especially with a shareprice whIch is a mile away from reflecting the true value of the company hiven where we are now - look I know financing is the real big one but no one can tell me permit granting is already priced in to the current sp - can they ? Ah well shouldn't be too long now hopefully fellas GLA

Truthfully I do not know the answer to that but the circs here are entirely and totally different to Bhr as they were in dire straits and in last chance saloon and so it's like comparing a van Gogh with a Rolf Harris paint by numbers special - but it does raise the question fair point - the current number of shares in issue here is relatively modest and at some point they may/will need to raise cash by some means or other - but we could speculate all day long and get nowhere - the track record here though is pretty much as good as it gets and this BOD are a million times more competent than that other shower of ---- at BHR so I can reassure you on that particular matter if not the one u asked about .

A good point fella and whilst no accountant from looking at cash levels held in June 13 and then looking at final results for 2014 it appears to my untrained eye that the figure is circa 400k p month -from memory I think we had just over 2 million in cash at June 14 and raised another 1 million via Ameds interest free bridging loan so I would imagine that takes us to feb/march time - the terms of that Amed deal raised much debate but the gathering momentum around news coming out at the AGM is definitely cause to think this particular issue will need to be resolved as I can't think for a minute the BOD would ever leave it to chance as their hitherto track record is pretty spot on - for what's it's worth if I was Amed and sunk almost 14 million in this and assuming the massive strides we have made with the Chinese are in fact reality - then I wouldn't be surprised if they were to readily extend the supply line if required - that said funding issues are always a concern at these times and maybe reflecting in the current sp but I don't have too many worries myself although what do I know - well here's one for starters u make some useful points Redbike but that's no surprise because ur work on Bhr fella was absolutely first class - u did us all proud mate ! GL with ur investment here

Nice one Bammo that was just what I needed - as like everyone else on here I share and feel the pain of a falling sp and when one considers the current volatility on the markets and what seems like a deafening silence on progress -it's understandable that people get jittery because after all there's a lot of hard earned cash been invested here - so my point is that when u actually stand back a minute and reread that last Rns and then u receive that email confirming just as we thought -that they are looking via the 3Chinese suitors to conform the engineering design and processing to the strict Chinese criteria thereby making funding a much more realistic option from a Chinese financier by doing so it all makes perfect sense - as if that does come to fruition then we really are in the mix big time - like most things in life I know there are no racing certs but tbh my faith in Ben has never wavered and that today has lifted my spirits no end - as in 2wks time a much clearer picture will emerge hopefully Andreas exactly what we need right now so keep the faith fellas and steel trader some great points u make fella it all adds to the pot and differing slants are always useful so thanks for ur input and one final thing _ Peakview u shud be a non executive director fella as ur input is always on the money GLA

I'm not currently in this share although have been in the past and yet still follow it as a mate of mine still feels the same way as a lot of u guys do and topped up at 52p when it was on Goldman Sachs conviction buy list and Westhouse had a target price of 110-120 so it was a reasonable punt to say the least - I said to him at the time given the major drop in the sp and the charts showing some alarming trends to set himself a stop loss at 35p- otherwise u could lose out big time as I've seen it so many times before - sadly he didn't do that and still harbours hope now (with some justification tbh) that one day this ship will sail in laden with riches and I sincerely hope it does - but had he set that limit and even bought back now at this level he would have sizeably boosted his holding- but when u have held a share that long - it's hard to let go - as I well know - that Rns today for me was ok but the tone and sentiment was a bit uninspiring to say the least and with no results due til sometime in Feb and the free falling oil price -the evidence would suggest this sadly has further to fall - it is and it has been a great little company has the pet so I genuinely hope the Alberta project delivers big time for u all but imo I can't see any price hike in the short term - Maverick has prob called it right let the dust settle first but it's going to be a long arduous journey back to former glories and without tangible definitive news that will radically change the tide further outlay has to be seen as a major gamble imo - That said genuine best wishes to all here I hope it all comes good for u sometime soon

I know the first few days of any new trading period can have some anomalies but including today and starting Monday by my reckoning its circa 300k in buys and 90k in sells based on what we can see (albeit more volume sells admittedly) and yet the MMs price drop the sp by 10% - so it's actually based on trade volumes is it ? - if so that's very convenient as it doesn't seem to work when a large sale takes place - the paradox is that at this rate even with finance agreed we look like we are gonna struggle to break 4p ( i.e that's with a 30%rise on current price level) in the short term and I would never have believed that a little while back when we had neither permit or finance and yet we were still sitting pretty comfortable at or around 6p - almost 50% higher than we are now -incredible Any thoughts anyone ?

U wouldn't be on your own fella if u did I don't suppose and only u can make that call but in all honesty the update we had in December despite it putting the timescales back 6 months contained some pretty impressive detail and yes it does maybe depend on your own individual stance but IMO it made a lot of sense and rather than just tell u what had happened it also told u WHY and that for me is a key differentiator with Baobab as opposed to lots of other Aim companies - the news re Dr Kaul does seem a trifle strange at this point but equally it could also be just circumstances and nothing more than that - all I would say is that the Agm should reveal a lot more info and as such it may just be worth ur while to defer ur decision a little while longer as that is only 3-4 weeks away - either way ATB and happy new year fella

I'm not so sure fella as it depends on how u interpret it - Dr Kaul is a big loss no doubt about that but fair play to him as chairman of the commonwealth business corp and commonwealth investment corp and a member of the presidential advisory councils of Mozambique Uganda and Zambia I reckon he's got quite a lot on his plate right now - so with matters now coming to head here with Baobab maybe he just feels he can't give the time it needs and fair play to him if that's the case -lest we forget he has previously led both delegations and held presidential level discussions in China on a whole raft of matters such as globalisation and corporate governance so maybe his influence has had some major bearing on where we are currently as per our ongoing discussions with the 3 Chinese players mentioned in the last RNS - so maybe on the other side of assessing matters - the more time consuming demands that will be placed on all members of the board in the coming months is simply considered far too too much given his pretty hectic schedule already - which in turn is a positive in that matters are progressing and will be to such an extent he simply can't do it all -time will clearly tell and hopefully the Agm will tell us a lot more about the road map mentioned in the Rns so fingers crossed -exciting times ahead - and oh yes happy New year fellas

Seasons greetings all ye very patient Ormonders as we await the financing news to really get this party started - and a good one it should hopefully be - but I was just looking back thru the Rns 's and noticed that back on the 29/4 an update was given detailing the progress to date and intimating that virtually everything was all in place from the company's perspective i.e.costings, tungsten price engineering design the lot nothing had changed from the original DFS findings -so as Swedbank had also been appointed to assist with the deal broking and the time it's taken to get the permits - it seemed reasonable even then to think we were fairly close to having agreed some kind of deal in principle - then on Sept 29 in the financial review we were told the bond financing plans were progressing nicely -so surely when the permits eventually came -some positive PR on this would follow shortly afterwards ? As our wise friend spindok has always told us - things in Spain don't move that quickly so the wait goes on ......... I have never doubted this would not come off but I never thought it would take this long even so - A happy and prosperous new year to all in 2015 (the year Ormonde finally take off )GLA

Firstly it is a major blow to see the timescales pushed back I can't deny that but with hindsight the deal with Amed now becomes much clearer - with 13 million pound already invested they wouldn't be offering interest free loans of another million quid unless they were pretty confident that this project was going to succeed and clearly the Sept15 deadline is far more relevant than the 19th December one as a lot people expected.For me a big plus is the chairman's confidence in doing a deal with one of those Chinese suitors is pretty high Imo as the tone throughout his statement is upwardly bullish about everything and I can't believe he would pitch it in that manner if that wasn't the case - he hasn't done before to my knowledge - The up shot being that the Board have now been given a definitive road map of what has to happen before any of interested parties come on board - Its not just the DFS anymore they want the full pack all the MOUs and all the pilot test work fully completed the mining contract the lot and you can't blame them can u ? So when it's all resolved thats when the ultimate decision to invest will be made - and in the current climate why would it be any different - it's a no brainer in some respects . As a long termer in Baobab I share with everyone the frustration the protracted timescale brings but having digested all that info today u realise the actual fundamentals and the proposition on offer is bloody mint - When u then add the rapid development and growth of Mozambique as Peakview has stated on countless occasions it makes this a very attractive play for the big boys and it will happen one day - furthermore a lot of things may have changed in another 6 months whether that be pricing ,further strengthening of the global economy etc so it may work to our advantage after all - sadly the delay will result in share price weakness but the graph has indicated something for months - as for the independent auditors comments I think u will find all companies in the same position as Baobab (currently loss making) will always include such statements given the Companys potential need to raise further cash and having diddly squat of income rolling in - but keep the faith boys we will get there seasons greetings and GLA, in 2015

To see a tick up in the shareprice Altho I notice on iii someone had had a conversation with an Ormonde official re the current situ and the responses gleaned were both reassuring if not slightly bizarre when it was stated that the company were disappointed with the lagging sp as their major investors were all aware of the true value - yet JPM appear to have radically reduced their holding - so can't work that one out at all - the overhang does appear to be now clearing so maybe news of a new investor may be on its way sometime soon

A good post fella u could well be right but what's so disappointing about these situations is that all the private investors who have been here thru thick and thin sticking with the company and sinking our hard earned cash into these ventures and doing so knowing all the risks admittedly but u get to this point and u look back and think the Almonty bid of 5.7 p was taking the proverbial -given where we were even then -and yet here we are so much closer to achieving our goal - and then what happens one of the bigger institutional investors starts selling out with no explanation and it may be exactly as u say but with the ultimate effect of shafting the share price completely - and leaving us shaking our heads wondering what the hell is going on ? It's **** poor and whilst I know and accept these things happen I can't help but think the company could have been a lot more communicative than they have been -irrespective of all the confidentiality b@$-$@ks - it's just a waiting game now for all of us but dilution is clearly inevitable now judging by the current levels GLA

In Sept we were looking well set at 5.6 p and yet just 3 months on here we are at half that price with the permit in our back pocket and seemingly a finance deal being negotiated - so not withstanding the current global market jitters at present - I am completely at a loss as to why we find ourselves here- finance dilution may be imminent of course but what it doesn't appear to be is that sells significantly outweighed buys unless the J P Morgan sales have created a major overhang ? Thoughts any one as we seem to be in free fall at the minute .

Not that I am particularly surprised about the wait for finance news given how long we have waited for the permits but I can't help but think that surely after all this time the negotiations would have been continuing as and when and a pretty conclusive arrangement as to which preferred option would suit both lender and borrower had been pretty much decided upon by now - ( given that all relevant detail has been on the table for ages with a guaranteed off take arrangement to boot ) meaning that it would only require the inevitable fine tuning having to be made as we all know lending policy can change like everything else - so I find it somewhat hard to believe that talks are only getting serious now the permit has been issued - which appears a reasonable stance. I am just a little surprised we have heard so little PR from the board following the receipt of the permit and I don't understand why - the holy trail finally arrives and then virtually nothing ? The problem is that no news or anything for that matter then triggers uncertainty as to what is happening - is the finance sorted ? Or would hope so but the consequence of not knowing for sure is a sliding shareprice to what is now an incredulous level - with the only info to emerge being a low key broker note from SPAngel saying we are in the process of discussing the finance arrangements ......er and ............. so frustrating - that said I'm sure it will turn out just fine - just hope I'm still here to see it lol GLA and seasons greetings to all Ormers everywhere

I agree totally and What is incredible is that if u had been here for years and been thru all the highs and lows ur average price cud be anywhere depending on ur luck or ur unbelievably shrewd judgement but in all probability much higher than the current price and yet here we are at our probably best position ever with just the financing deal to come prior to the production wheels turning and we are barely above our bottom price - so ur absolutely bang on regarding the MMs as with that volume and with that long awaited de risking news surely reflects a far better company value than the one seen at cob yesterday - they take the proverbial but sadly that is Aim and u see it all the time - my missus said I wouldn't be surprised if it actually falls today to which I laughed out loud at first but at one point late afternoon I thought she cud be right - unbelievable Jeff !! Let's hope a truer value is reflected in the price very soon GLA

Just out of interest does anyone have any idea of the current cash position ?

The really good news here is that Ormonde had realistically thought this would have happened by early June at the latest - following on from the RNS dated 29/4 - and around that time Fairport had been appointed to do all the engineering design work which they have continuing with ever since - and simultaneously funds were raised via a placing which was I think to provide the means for the company to buy an insurance bond to cover the bigger prize of securing a £50million pound Financing bond -being arranged by Swedbank on the Company's behalf - so it's a fair bet that now approval has been given -the finance deal can't be too far away as it appeared very close 5 moths ago - so whatever the sp does short term it's also a pretty fair bet it won't stay there for too long not with the off take agreement already done and dusted for the next 5 yrs and the broker Davy (i think it was) giving ormonde an NPV price of 14p and an outperform rating - so for me it's just a waiting game and after 6 years I can do that lol -GLA

Well done Ormonde it's been a really long wait but today hopefully will be the start of some really positive days for all those patient people out there who have never doubted the project or the company's foresight in resurrecting this tungsten mine but waited what seems a lifetime for this permit - it's simply fantastic news and just hope that anybody selling just recently had to because they needed to as opposed to being spooked by what was obviously a load of tosh - Spindok happy days fella the wait is over at long last and GL to all invested here

Thanks for sharing that with us Wolfe - nice one - u can see the logic behind the deal that's for sure

Yes you are probably right there fella as it isn't in the best place right now and both Clarke and Karim have more than enough experience of these things to think it worth a punt - more relevantly for us the next 6 mth timescale was getting very close and despite that email response u had a couple of months back I was beginning to wonder if it was the final call - I had stayed invested here as I had missed the opportunity to bail out as I had been here so long and affinity was too strong - a painful lesson and one I hope I don't make again - so for me and maybe many more besides I guess - so this is a welcome positive for me I have to admit