Member Info for cekim

Part 2

We appreciate that the ultimate barometer of success is the share price which is set by the market – not the board. The directors are obviously very concerned about the share price – and are working to establish what initiatives we can undertake to improve the situation which is occurring against the backdrop of extremely poor market sentiment, in particular for junior explorers.

Ormonde’s success is linked to the success of its investee companies who are engaged in these highly promising but slow-moving projects. Ormonde’s board believes the company offers heavily valued exposure to outstanding gold and battery metal exploration assets and is taking a long-term view that these projects have the potential to yield massive value to the company and its shareholders. You need only to look at TRU’s neighbour in Newfoundland with its mine going into production next year to understand the kind of value that can be created from the Valentine Lake Shear Zone. With the multibillion-dollar gold company Eldorado earning into the project, TRU now has access to the funds to emulate that success.

We are not suggesting it will take until the opening of a mine for Ormonde to see the value of Golden Rose reflected in its own valuation – we believe there will be numerous other major value inflection points before then – but undoubtedly these are long-term view investments and therefore so is Ormonde.

Kind regards,

Thank you for your email regarding Ormonde Mining.

We share your frustration with the share price, although this is against a challenging backdrop with increased market volatility driven by uncertainty and geopolitical factors.

The earn-in agreement between TRU Precious Metals Eldorado Gold signed last summer was a significant endorsement of the Golden Rose Project – a phenomenal transaction with a US$4 billion gold company attracted into the prospect within 12 months of the investment by Ormonde. The option provides Eldorado the right to earn 80% of the project investing over CA$15M in a multi-year work programme and via cash payments to TRU – plus most importantly a potentially extremely valuable net smelter royalty for TRU on future production. Should Eldorado follow this option to its conclusion, TRU could be in receipt substantial cash and still retain a 1% net smelter royalty in mining revenues. Ormonde, in turn, owns 36.3% of TRU.

Drilling out a multi commodity resource and taking a mine into construction and production (akin to their neighbour Calibre Mining) requires a long-term view, and clearly Eldorado likes the asset a great deal and has the resources to advance this. It shows Ormonde’s sound investment rationale for acquiring a significant stake in TRU a year before Eldorado optioned the asset.

TRU continues to make progress at Golden Rose. We have today noted further progress, with drilling having commenced on a highly targeted, approximate 1,800 metres 2025 drilling programme. This has been supported by the completion of a thorough review of the entire property at Golden Rose. The completion of this review enables TRU to unlock the value at Golden Rose in a cost effective and targeted manner.

Peak Nickel, Ormonde’s other investment, continues to make progress. Ormonde remains of the view that a high-grade nickel asset in a jurisdiction such as Scotland will prove valuable in due course. Simply, Europe needs more nickel for electrification and needs to source it from within its borders. There aren’t many projects like Rodburn – but nickel is challenging currently and so exploration is slow, aligned with access to capital. That is the nature of the mineral exploration market at present.

Sorry phone not copy and pasting everything here i will sort it later

Valentine Lake Shear Zone. With the multibillion-dollar gold company Eldorado earning into the project, TRU now has access to the funds to emulate that success.

We are not suggesting it will take until the opening of a mine for Ormonde to see the value of Golden Rose reflected in its own valuation – we believe there will be numerous other major value inflection points before then – but undoubtedly these are long-term view investments and therefore so is Ormonde.

This is a reply from Orm i got.

That will be some drop. lol

Good old lanstead i to finish it off for the day. What a pile of sh it this is. Full of promises and still F all news. !!!!

Https://x.com/OrmondeMining/status/1920035988383961200?t=fSjHE2tWpE3lvl1NHMc83w&s=19

Welcome back Kutzz. Nothing has changed here another false dawn so far. They give you a glimmer of hope then sod all for weeks and as you said momentum is lost.

MMs started to mess with the SP early today.

Double dose of Lanstead. Thought they have been quiet.

I'd rather have Tony Beets he doesn't mess around. lol

Nothing makes sense with this SP action. Even yesterday down 8% and only 4k sells.

2p would be nice. 3p would be nicer. Lol

What is the deal with all these small trades

RLL Thank you

Is there any way to view this meeting as i am stuck at work hopefully catch up later.

How is this going to pick up when it drops 6% on 9k sells and 6k buys.

Wheres Lanstead gone.

Https://x.com/OrmondeMining/status/1909225944985842046?t=7ViwmPk05a_5LFH5Ou--vA&s=19

Well here's hoping. Due a turn.