The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Evening Mr Spindok............ I understand that PI's cannot influence negotiations and my urgings to be bold and take control of the bidding manouvres is aimed squarely at ORM management. They must tell Almonty and Oaktree that, as the scenery has changes radically, there can be no low-balling with offers for Orms assets. And that there may even be other prowlers casting eyes over ORM. No doubt Oaktree were probably laughing to themselves last week at the thought of taking control of ORM, sweating the assets for a year or so and then walking off with the profits from Orm's gold, copper and tungsten mines.Particularly tungsten as its market price, down the road, will be much higher than it is now. Orm was a sitting duck on which Oaktree pounced and Almonty's move was a kick in the legs for Oak. Now, I get the feeling Almonty really want to take over ORM and combine it with their own operations. So we just sit, watch and hope Mr Kerr grows apair of cojones in the next week or two. Rgds to you Mr Spindok. END
Don't need an Oliver Twist scenario as Kerr & Co. can play Almonty and Oaktree off against each other. Each offerer is now being asked "Who wants a signed deal that reflects the long-term value of Orms assets." !!!!! Then you've got to make a very, VERY decent offer now. Throwing crumbs to board and investors won't succeed. And, given the value locked in a fully permitted Tungsten mine, complimented by other assets Spain, who's to gainsay the prospect of other mining companies with deep pockets stepping into the ring. No need to cringe and snatch at low-ball deals.......... and the price to be victor rises every day. This is the POSITIVE way of looking at affairs re. ORM. END
Hello Granto and all............. I think ORM in a sale or a competition to aquire would be worth quite a bit more than the numbers being discussed on this board. No one has yet referred to recent comments from a heavyweight mining world expert (interviewed on you tube or something like that) who stoutly insisted that ORM was a "world-class" mining project. It is fully permitted and its product at Barracopardo is one of the most expensive and sought-after of ores.... Tungsten. Orm also has other mineral interests in Spain ( gold and copper) and it has had extremely good relations with the Junta authorities. Spain also regarded as a safe haven to search out minerals - they are all over the country - compared to all those risky ventures in unstable African and East European locations. Put all the above together and you have a very saleable entity that could be priced in a takeover at around the 10p mark or more. Especially if you have more than two companies trying - on the cheap - to reap the benefits that rightly should go to shareholders and management. The danger is that ORM,could be taken over on the cheap when people talk cheap numbers. So we should on the BB's be punching out the message that a buyer will HAVE TO pay a very decent wack, especially if more than the two companies get in on the bidding war. Wish everyone, especially the long-termers, the best of luck with this share from today...... as the whole equation pertaining last week and last month has changed dramatically. Dyfi END
Hi......... thanks for your reply and hope you are hale and hearty after treatment. Think March 25th results will give some plus/negative insight (statement of the obvious !!) so fingers crossed for good-to-very-good news. Will continue r/search in meantime. Rgds, Dyfi. END
Afternoon, Plunger............. am new to SBS as of early last week. So would be grateful for any insightful comment on the prospects for SBs from you as I've seen your handle on other bulletin boards and suspect you know your onions with a share like this. Have done some research, but could do with info and comment from any sources. Best rgds. END
Thanks for the explanation, Granto.
According to the iii bulletin board, ORM, as of a few minutes ago, has risen by 41.81 % on the day. Anyone else notice it? LSE says 18.18% rise. Rgds
You may be pleased to hear that the spread is now down to around 16% - still bloody cheeky, though !!! Good luck all. News for us very soon ??
Many thanks for your reply and info re my post yesterday. Rgds
Hi Spindok....... you say in your post that "reason for the drop now clear". If the reason is "clear" then why not tell us.......... please. Best rgds
according to this board's operators more than 14.7 million shares were bought today. and, by stark contrast, there were several hundred shares sold. For such an amazing performance, the share price, at close of play, was up a by 0.2500p - a 5.88% rise. That's one of the reasons why shareholders see MM's as nothing but a bunch of crooked barstewards. Read the above once more, rub your eyes, then feel free to, WEEP !! Let's see if there's contrition on Monday and a more realistic share price for a company that's done the business by reeling in the all-important final mining permit. Without that permit there could not have been any mining at Barracuecopardo for a commodity resource so rare on this earth and therefore commanding such high prices. END
Have just logged in........... and nearly fainted !! MM's have a price spread on ORM shares of.... wait for it...... 18.75% !!!!!!!!!!!!!!! No wonder the share price has dropped from first thing. As I said on another board, that sort of behaviour in absolutely criminal. Grrrrrrr... not buying with that sort of 'rape' going on. Otherwise.... well done ORM shareholders. Breakthrough well deserved. Dyfi. END
advice of Pro-Better on another BB.... * 20 Nov'14 - 15:14 - 1608 of 1609 0 0 if i remember good the plot leases are not a prerequisite for granting the license..., back in 2012 orm had agreed to buy land plots upon rental agreements incorporating a right to purchase... if there will be problems with the lease deals on all of the required plots by the time the license is granted, spanish law provides for a compulsory acquisition process through apparently a very good established procedure... Dyfiman
ORM gets a lowball bid from Canadian company Almonty............and not a peep from hardly any of the shareholders. Perhaps it's just me, my 86-year-old mother and the sheepdog outside in the yard who've invested in thos company. That, because at some stage fairly soon it's going to get financing, permits and hugely valuable stuff out of the ground out there in Spain. It's called Tungsten and it's of massive importance to companies and industry across the globe. Anyone out there tumbled to this yet ??? !!!! END P.S. Almonty have just provided ORM board with a massive advert for the value waiting to be dug from the ground. Gleeful, i most definitely am. What about you??