Member Info for hamiltonbro

1.1p

Cash above market cap.

Nai/DYOR

1p target

Nai/DYOR

And will continue to do so up to 0.3p.

REAT went from 0.2p - 2.1p and this is a similar story.

People haven’t twigged on that it’s now a Covid play and it’s trading below cash and NAV is 4x the current sp.

Nai/DYOR

People twinging in finally.

Started buying CMB for same reasons as ORM as their cash is above market cap and their NAV is 5 x the current sp. another one to look at.

Nai/DYOR

There’s your buyer. Why sellers would sell to a multi millionaire below cash levels is beyond me. Follow the money.

Nai/DYOR

Someone is after the shares or news is coming as can sell all my holdings at 0.69p.

Nai/DYOR

I am waiting on 2 x rns.

1. Fund TR1 - they got their shares yesterday so imagine a rns before tomorrow close of play.

2. Contract as alluded to in last rns.

Target is really anything as this could really go 20-30p easily, potentially more. 20-30p isn’t plucked from anywhere either. It would put it on a similar revenue/price ratio to our US counterparts.

There was a golden cross on the chart not long ago either which is very bullish.

Nai/DYOR

Looks like the buy order only got partially filled - 250k at 0.725p.

Shows that there is not much stock around down here.

Nai/DYOR

Highest closing sp for 3 months.

News soon imho.

Nai/DYOR

Either a big buy order is getting filled so the market is looking for sellers, or, there is news coming : )

Either way, 50% upside just to get back to cash per share levels.

Nai/DYOR

Yep, spot on I’d say.

Looks like the contract is on the way : )

Nai/DYOR

From fundraisers rns....

Admission and total voting rights



Application will be made for the new Ordinary Shares to be admitted to trading on AIM and dealing is expected to commence on 3 June 2020 ("Admission"). Following Admission, the number of Ordinary Shares in issue will increase to 95,588,965.

——-

So now the fund has their shares as of today we will get an rns within 3 days imho of their holding.

Placing was oversubscribed so people wanting more will be buying isn’t the market.

Almost certain that the fundraise was a condition of the incoming contract to show they have enough cash to cover the work etc.

Expecting a few rns here.

32p on last £500k contract it went to didn’t it ?

Nai/DYOR

For a top up sub 2p.

These are too cheap down here imho.

Nai/DYOR

Options set at 0.9p so they will want them in the money : )

£5m will go a long way so ORM could do more than 1 deal ?

Nai/DYOR

I would think so. Off the top of my head I can think of numerous small gold co’s with potentially massive resources who could do with £5m.

80 projects looked at and last rns stayed they were a few that were promising so would expect an update very soon.

Might not be even gold they are looking at ?

This is too cheap below cash levels when other shells and non operating cost are capped at multiples of cash.

Nai/DYOR

And if they are putting in £5m into a project or company or JV then they will want that to return multiples of that.

Buying at sub cash levels is a free punt imho and I’ve been here before with other RTO and sub cash co’s, but some won’t believe it till it happens, which is fair enough.

Nai/DYOR

Sp edging up again. Feels like there is something going on the background.

Time will tell !

If they’ve looked at 80 projects then they must be serious and must be close to some deal imho.

Nai/DYOR

Should ready, sorry, you in mate, was riding my bike : )

Nai/DYOR

Going up on sells, exactly : )

Imagine when people try buying in size : )

Sorry you’re in much higher.

Nai/DYOR

Since the start of March (3 months) the sp has been in a rising trend. Higher highs and higher lows set.

The chart points to 2.8p short term for me.

Here are the fundamentals ...

Cash £5.3m
472,507,482 shares in issue
1.12p per share CASH !!!
2 assets - 1 gold, 1 copper
No debt
Over £30m in retained losses which can be utilised if a company does a RTO
Great time to have cash
Over 80 resource projects looked at in a few months and a few which are promising and can “have the potential to add materially to shareholder value”
Options set 50% higher than current sp
Tom Anderson shareholder
Tim Livesey (ORR) Director

When people cotton on these will go mental. That’s if they manage to get in before a deal being done as imagine there is a chance of a 10 bagger here if they get the right deal.

Lots of companies with potentially massive resources and no cash valued at multiples of ORM. ORM have both.

Nai/DYOR