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Depressed stock markets can be a great opportunity to pick up attractive stocks uber cheaply.

All market panics pass, and people then kick themselves at the mouth-watering opportunities they have missed, which will be the case with the 'coronavirus correction'.

China's draconian quarantine and containment measures appear to be working, and it has seen new cases of the coronavirus slow.

And the fact that we're moving into spring should also help.

From The Guardian today:

"Coronavirus: nine reasons to be reassured

Yes, Covid-19 is serious, but context is key and the world is well placed to deal with it

Jon Henley
@jonhenley
Sat 7 Mar 2020 05.00 GMT

... it is worth remembering the world has never had better tools to fight it, and that if we are infected, we are unlikely to die from it.

Here, courtesy of a number of scientists but mainly Ignacio López-Goñi, a professor of microbiology and virology at the University of Navarra in Spain, are what might hopefully prove a few reassuring facts about the new coronavirus:

• We know what it is. ...
• We can test for it. ...
• We know it can be contained (albeit at considerable cost). ...
• Catching it is not that easy (if we are careful) and we can kill it quite easily (provided we try). ...
• In most cases, symptoms are mild, and young people are at very low risk. ...
• People are recovering from it. ...
• Hundreds of scientific articles have already been written about it. ...
• Vaccine prototypes exist. ...
• Dozens of treatments are already being tested. ..."

https://www.theguardian.com/world/2020/mar/07/coronavirus-reasons-to-be-reassured

Depressed stock markets can be a great opportunity to pick up attractive stocks uber cheaply.

A good example is Mulberry (MUL), which 40-bagged in just three years from its 2009 low in the credit crunch.

And MUL also exhibts the brilliant returns that a good value-growth stock like ZIN can give.

All market panics pass, and people then kick themselves at the mouth-watering opportunities they have missed, which will be the case with the 'coronavirus correction'.

China's draconian quarantine and containment measures appear to be working, and it has seen new cases of the coronavirus slow.

And the fact that we're moving into spring should also help.

From The Guardian today:

"Coronavirus: nine reasons to be reassured

Yes, Covid-19 is serious, but context is key and the world is well placed to deal with it

Jon Henley
@jonhenley
Sat 7 Mar 2020 05.00 GMT

... it is worth remembering the world has never had better tools to fight it, and that if we are infected, we are unlikely to die from it.

Here, courtesy of a number of scientists but mainly Ignacio López-Goñi, a professor of microbiology and virology at the University of Navarra in Spain, are what might hopefully prove a few reassuring facts about the new coronavirus:

• We know what it is. ...
• We can test for it. ...
• We know it can be contained (albeit at considerable cost). ...
• Catching it is not that easy (if we are careful) and we can kill it quite easily (provided we try). ...
• In most cases, symptoms are mild, and young people are at very low risk. ...
• People are recovering from it. ...
• Hundreds of scientific articles have already been written about it. ...
• Vaccine prototypes exist. ...
• Dozens of treatments are already being tested. ..."

https://www.theguardian.com/world/2020/mar/07/coronavirus-reasons-to-be-reassured

From the EAAS AIM admission document, 20.12.19, page 30:

"3.9 CURRENT TRADING AND PROSPECTS

The unaudited management accounts for eLight for the three months ended 30 September 2019 show that it is trading ahead of the equivalent period in the prior year. Revenue of €872,000, represents an increase of 69 per cent. on the corresponding period last year. The Proposed Directors expect the rate of activity to increase through the rest of the fiscal year.

Over the period since the year end, the pipeline of qualified and engaged prospects has grown by over 60 per cent. and now stands at over €30 million of total contract value as the eLight Group is issuing more proposals than it has ever done. eLight continues to convert over 30 per cent. of the opportunities it engages with. ..."

https://eenergyplc.com/investors/

A 69% year-on-year increase would see revenues rise nearly five-fold in three years.
And that 69% has been achieved without any of the benefits of the public listing and fundraising: it should initially accelerate.

There looks to be some seasonality in the figures, with the summer months being slower, but the year-on-year figures will reflect that.

And the company looks well placed to meet its forecasts.
From Proactive Investors:
"eEnergy eyes win-win in sustainable energy space
Philip Whiterow 13:57 Thu 09 Jan 2020
... Revenues in the year to June were £4.5mln, but house broker Turner Pope forecasts this doubling to £8.4mln in the current year and rising again to £12.6mln in 2021.
That is also the year the broker sees eEnergy moving into profit after a loss of £1.6mln last year. ..."
https://www.proactiveinvestors.co.uk/companies/news/910287/eenergy-eyes-win-win-in-sustainable-energy-space-910287.html

Martyn Sheridan from E.ON as Sales Director is an impressive appointment, and it bodes very well that EAAS has attracted someone of his calibre.

Moreover, his ability and contacts will be invaluable.

I don't think that there is a lot of effective coronavirus testing competition. On the contrary, existing testing is unreliable, and people have been paying up to $1,000 per test.

There should also be major benefit to BVC from the coronavirus outbreak over and above just the revenues from testing for it this year.

Mass provision of its testing kit will give the company unparalleled exposure and publicity, of the best kind as it won't be seen to be profiteering, which will be invaluable going forward in generating ongoing business.

And it will be a wake up call to the world of the importance of employing the type of quality bio-medical and bio-waste solutions provided by BVC.

Thanks to FSE on ADVFN for this comment yesterday evening:
"The large agricultural waste sterilizers are starting to really make sense against a backdrop that contaminated carcas and contaminated feed from processed meat is responsible for so many outbreaks...."

From BVC's final results on Wednesday:
" ... Eco-Med Unit
o Commenced delivery on first agri-waste treatment contract outside of Israel with a major food manufacturing group in the Philippines, which is expected to be completed by the end of H1 2020
o Awarded $4m contract for agri-waste treatment solution in Taiwan by agri-food conglomerate
o Post period, awarded agri-waste contract from a major poultry processor in the Middle East - representing further geographic expansion of the customer base ..."

The FTSE 100 has corrected about 15%, and most penny shares have fared even worse.

But as a cash-rich shell, with gold property assets, ORM is a relatively safe haven in these challenged markets.

And maybe some big share holders have approached the company about the liquidation option, and it's being seriously considered.

Perhaps that's behind the big half million share buys today.

If ORM did liquidate we could double or treble our money from current levels.

ORM's gold assets could go to ORR, which may be getting some sale cash soon.

Excitement at ORR is increasing, with speculation that good news has leaked.

And interesting to see big half million share buys here at ORM today.

ORR is currently top of today's biggest risers board, up 32.8% (to 0.385p).

ORM could be next.

Mammon,

But better sampling wouldn't have CHANGED the low grades.

Just provided earlier information about them.

The low grades would still have been seen as a disappointment, and the ORM share price would have been hit accordingly.

In addition, you haven't said when the sampling concerned took place, and what degree of responsibility (if any) ORM had for it.

ORM developed from being a greenfield explorer to becoming a mining company, a feat realised by just a small fraction of exploration companies. Bad luck then sadly intervened.

Added to the great operational success that ORM's new Executive Chairman Jonathan Henry achieved at Avocet Mining (AVM) before he resigned in April 2010, and this looks like a compelling combination:

17/03/2010 07:00 UK Regulatory (RNS & others) Preliminary Results LSE:AVM Avocet Mining Plc
" ... PRELIMINARY RESULTS FOR THE 9 MONTHS ENDED 31 DECEMBER 2009
· Gold production of 82,174 ounces at cash cost of US$650/oz, and average
realised gold price of US$995/oz
· Net cash generated by operations of US$17.1 million
· Profit before tax and exceptional items of US$7.9 million
· Wega Mining acquisition - expected to more than double annual gold
production to over 200,000 ounces
· Inata first gold pour 20 December 2009, first gold shipment of 11,000
ounces took place 26 February 2010
· Increase in Penjom resource of nearly 0.4 million ounces to 1.2 million
ounces ..."
https://uk.advfn.com/stock-market/london/avocet-mining-AVM/share-news/Preliminary-Results/41998638

Interestingly, EAAS's new sales director has just moved here from a similar role at E.ON, which acquired Innogy six months ago:

28 January 2020 07:00 Appointment of Sales Director
"eEnergy Group appoints first Sales Director
eEnergy Group plc (AIM: EAAS), a leading "Energy Efficiency-as-a-Service" (EEaaS) business in the UK and Ireland, is pleased to announce the (non-main Board) appointment of Martyn Sheridan as Sales Director.
In this new role, reporting to CEO and co-Founder Harvey Sinclair, Martyn will manage and grow eEnergy's sales channels.
Martyn brings considerable industry experience to the Group. He joins from E.ON where he spent eight years, most recently as Head of National Sales for E.ON's Energy Solutions Division. ..."
https://eenergyplc.com/news/

And E.ON, which has over 33 million customers, and is very pro sustainable enegy:

"... It operates in over 30 countries and serves over 33 million customers.[5] Its chief executive officer (Vorstandsvorsitzender) is Dr. Johannes Teyssen.[6] ...
In 2019, E.ON became the first of the "big six" UK power companies to switch all of its British electricity customers entirely to renewable electricity.[12] ..."
https://en.wikipedia.org/wiki/E.ON

All of this bodes well for an EAAS channel partner agreement with E.ON, which would be seismic news for the company.

And I expect that negotiations on this are already taking place.

From my interview notes two posts ago today:
"• Starting to sign partnership agreements with strategic channel partners, to ease access to potential new customers. Will be the big growth area for them - one point of contact can link to a huge number of potential customers. Innogy, a large utility provider, has just signed with eLight Ireland."

I wonder why that deal with Innogy wasn't RNSed?!

Innogy is a huge player, so for EAAS to have signed a partnership with them is huge news:

"Innogy SE is an energy company based in Essen, Germany. It is a subsidiary of the German energy company E.ON. The company was created on 1 April 2016, by splitting the renewable, network and retail businesses of RWE into a separate entity.[2][3] The new entity combined RWE subsidiaries RWE Innogy, RWE Deutschland, RWE Effizienz, RWE Vertrieb and RWE Energiedienstleistungen.[1]
On 7 October 2016, it was listed at the Frankfurt Stock Exchange.[2] They serve twenty three million customers in Europe.
In November 2017, it was announced that Innogy was looking to merge its energy retail subsidiary npower in the United Kingdom, with the equivalent division of rival SSE.[4] It is planned that Innogy shareholders would own 34% of the demerged entity.[5]
In March 2018, it was announced that E.ON will acquire Innogy, in a complex deal of assets swap with RWE.[6] The transfer of shares was completed in September 2019.[7]"
https://en.wikipedia.org/wiki/Innogy

Twenty three million customers! This is a huge market opportunity and boost for EAAS.

And other news like this should follow.

The company is clearly very busy, and there's a lot of positive development going on behind the scenes.

EAAS is the largest light as a service company in Europe, and it looks like they're really capitalising on this market-leading position.

From the EAAS AIM admission document, 20.12.19, page 27:

"Current pipeline
The Proposed Directors consider that eLight’s existing customer pipeline represents a compelling opportunity and stood as an estimate at over €30 million as at 8 November 2019. In Ireland, eLight is winning on average 6 new projects a month and in the UK it is in the process of installing pilot programmes on behalf of some particularly large customers with a view to rolling-out such installations across many hundreds of facilities."

https://eenergyplc.com/investors/

A 50% conversion rate on that €30M. + pipeline would equate to over €15M. of new revenue!

Harvey Sinclair speaks well, and makes a very compelling investment case for EAAS.

Here are some of the key points from his Investor's Champion interview two days ago:

• Clean energy is the hottest sector at the moment.

• The energy saving market has reached a tipping point in the last 6 - 12 months: social, economic, and compliance pressures all coming together at the same time.
Pressure on the grid - grid struggling to cope - increasing number of power cuts.

• The average classroom, by switching to LED lighting, saves an average of ten trees p.a.

• Starting to sign partnership agreements with strategic channel partners, to ease access to potential new customers. Will be the big growth area for them - one point of contact can link to a huge number of potential customers. Innogy, a large utility provider, has just signed with eLight Ireland.

• 35% conversion rate of proposals to contracts wins. Seeing that move to 50% this year.

• The business could quite easily be a 10 - 15 year growth story. There's so much growth potential in the market.

• E.g. Bulb Energy - has grown to a million customers in a short period of time.

• Regulation coming in the SME sector - will increase their opportunities. Multi-billion pound market opportunity.

https://www.investorschampion.com/channel/podcasts/more-than-money-harvey-sinclair

"Hedgehog, yes the board/management has changed, but only partially. Two new non-execs appointed one of whom is an accountant to add to the accountant already there for some considerable time.
The chief exec officer, a geologist has been in post since 2015. The chairman a mining man, has been on the board since 2015. ..."

Mammon,

I've got no idea what you're talking about. ORM doesn't even have a Chief Executive Officer:
http://ormondemining.com/corporate/leadership-team/

May I suggest that you do some basic research before presuming to give investment advice.

Jonathan Henry was previously a non-exec. of ORM, but has now been appointed ORM's Executive Chairman. And he had an outstanding track record in senior roles at Avocet Mining (AVM), which more than 20-bagged 2002-2010 (for most of which period JH was FD/CEO).

And Tim Livsey meanwhile, one of the new non-execs., has previously held a senior role Rakita Exploration and Reservoir Minerals, which was sold in June 2016 to Nevsun Resources Ltd. for US$365 million.

Sounds good to me!

But losing money on a stock can cloud your judgement: I've come into ORM fresh and objective, without the historical baggage of some others.

It's sad, Slalom, that you just cannot accept that no one else is to blame for you losing money here.

Re. your point two days ago:
"Just bad luck, are you for real? If the Barruecopardo financial plan was competent, we would still have a mine. Any worthwhile Financial Accountant knows how to plan for Actual, Budget and Variance, they must have lost that chapter though, through more bad luck."

Are YOU for real, Slalom?
The company needed up to another EUR25M.:
"While the disposal of Ormonde's interest in the Barruecopardo Mine will be a disappointment for many Shareholders, the Mine has encountered significant setbacks during its ramp-up operations, initially resulting in an additional EUR10 million funding requirement, addressed through an additional loan facility as announced in October 2019, and most recently a further funding requirement estimated by the Company to be in the region of EUR12-15 million."

What you're saying is that this penny mining stock should have had an extra EUR 25M. tucked away (though God knows from where), 'just in case'!!

Slalom,

Mr. Market reflects the wild fluctuations in penny share sentiment. We're now at the extreme negative end: watch this change when good news comes:

"Graham asks the reader to imagine that he is one of the two owners of a business, along with a partner called Mr. Market.[7][8][2] The partner frequently offers to sell his share of the business or to buy the reader's share.[9][10][6] This partner is what today would be called manic-depressive, with his estimate of the business's value going from very pessimistic to wildly optimistic."
https://en.wikipedia.org/wiki/Mr._Market

People sometimes think I'm being paid (which obviously I'm not) because of the high quality of my posting, and because I tend to see value and turning points ahead of the crowd, a
E.g. when I recommended IQAI last spring at just 1.2p.
Within months it rose over 1,000% (to about 16p intraday).

Thanks to Investorschampion on ADVFN for this new interview with the boss of EAAS.

Hopefully the company is now embarking on a round of promotion, to complement its interim results this month.

EAAS is still off the radar screen of most investors, so the more publicity the better.

"More than Money: Harvey Sinclair
03/03/2020 · eEnergy (EAAS)

Chief executive Harvey Sinclair describes eEnergy as a new generation energy company. It provides green energy as a service, currently though its operating subsidiary eLight, by retrofitting LED lightbulbs into schools and small businesses. Customers pay for the service via the cost savings that they achieve by making the switch to LED.

Harvey Sinclair brought the company to AIM just six weeks ago. I spoke to him about the opportunities presented by this exciting market."

https://www.investorschampion.com/channel/podcasts/more-than-money-harvey-sinclair

ORM stated over two weeks ago that it is considering a number of initiatives that it believes can add value, and I believe that news on these could deliver a strong rerating upwards.

17th Feb 2020 7:00 am RNS Completion of Disposal
" ... Commenting on the completion of the disposal and the subsequent Board changes, Jonathan Henry, Executive Chairman, stated:
"Following completion of the Barruecopardo disposal and receipt by Ormonde of the €6 million proceeds, a number of previously proposed Board changes can now take effect. . ...
With the new Board in place, we are now fully focused on taking the Company forward into its next chapter and are already considering a number of initiatives we believe can deliver value to the Company and its stakeholders." ... "
https://www.lse.co.uk/rns/ORM/completion-of-disposal-rwiqfh6cs7e9gkr.html

I'd expect an update - and perhaps even multiple updates - this month.

And this is the sort of news that can move the s.p. of a shell very strongly upwards.

But the board has now changed.

The same FD yes ... but how is he responsible for "insufficient or poorly distributed sampling"?

This is basically a new company.

When you were posting on ORM is 2015, at a s.p. of up to 3.58p, you never made it a sell, not even a weak sell.

Now, trading at about half cash, with other assets, you make it a strong sell!!

Incompetent indeed.