Member Info for Hedgehog100

"Results much better than expected on the profits and EPS 0.93c
though they are adjusted with note 3 that I can not see
EPS of 0.93c at $1.30 to £ = 7.15p
on a PE of 12 = sharee price of 85.80p"

Thanks MasterRSI,

The s.p. is currently about half that, which seems spectacularly cheap.

Especially for what could be one of the great long-term growth stocks this decade.

Scooby,

I posted the source for that piece about newsflow in my post here on 12th. February:

"And as you've helpfully posted on ADVFN, the EAAS CEO has said that they're hoping to announce some very large customer wins: they're working on a number of multi-site retail customers that have got in excess of 300 to 400 outlets per customer:
https://www.youtube.com/watch?v=4yV_s0U8RsY&feature=youtu.be "

So you clearly have a spectacularly poor memory, and don't do your research.
Neither of which makes for good investment.

The one posting b.s. is yourself.

Don't make false accusations without any basis.

Maverick,

I think there would be more chance of success with a motion to pay out just some of the cash: say around half.

Say about £2.5M.: about 0.529 per share.

Which would leave a good amount for company development, and would retain the value of the company's listing.

If the company wants to retain the full amount, they would then have to articulate a persuasive case of what they have lined up.

And if the payout goes ahead, shareholders who like the company and its value could reinvest some or all of their proceeds, helping the share price.

"If ORM shareholders disagreed with that decision at the time they could have replaced the board.
Or they could have switched to investing in a larger mining company than ORM, with less risk but more upside."

Amendment:
" ... with less risk but less upside."

Tungder,

Companies will typically try to mount a takeover if they think their target is underpriced.

Hence Almonty's interest in ORM for the Barruecopardo tungsten project: ORM could potentially have made far more by staying independent if that project had not hit unexpected geological complexity.
And indeed I note that Almonty share price declined by about three quarters in the few years following ORM's rejection of its 2013 bid.

If ORM shareholders disagreed with that decision at the time they could have replaced the board.
Or they could have switched to investing in a larger mining company than ORM, with less risk but more upside.
And of course, Almonty could have launched a hostile takeover if they were that keen, though they would have had to have paid more.

So it seems to me that it was a perfectly reasonable decision at the time.

And the fact that ORM developed to a stage where they were of interest to Almonty - "The Leaders in Tungsten" - is encouraging for the future.

Everything is obvious in hindsight, and I can sympathise with your frustration, but it is now in the past.

Ridiculous input ... look who's talking!

It's obviously silly, absurd nonsense to think that EAAS is paying anyone to post: the fact that you and Scoobyrex think so discredits you. So please cut out this nonsense or I'll be complaining to LSE!

Moreover, I have a very good posting track record.

Whereas your only posting track record TT seems to have been to have lost money on WSBN and AXM.

About the same time as you were buying AXM last spring, TT, I was recommening IQAI at 1.2p: it rose over 1,000% within months (to about 16p intraday).

So, please don't lecture me about quality of posting, because my research and analysis is first class, and good investors can recognise that.

As regards EAAS newsflow, EAAS are looking to announce some very large customer wins - they're're working on a number of multi-site retail customers that have got in excess of 300 to 400 outlets per customer. Big deals like that take time to negotiate, and the company can't jeopardise them by saying too much in advance. But deal news is overdue, and when it comes I think we're due a big rise from the current oversold position.

In addition, we're due the interim results this month, which should be positive, and should be accompanied by other helpful publicity ... and perhaps even some director share buying.

Of course you are - you are both two embittered shareholders who, sadly, can't take responsibility for their own losses, so seek to blame others.

The plan was competent - it was bad luck.

And where's your evidence about any excessive-imappropriate expenses? There isn't any. It is just made up b.s.

People who want to attack a company can attack it whatever it does: if ORM wasn't at the PDAC (which doesn't actually cost that much) people could attack them for missing an opportunity.

And if the had RNSes it, people could attack them for wasting money on an unnecessary RNS.

Would you please give it a rest.

It's a fact that most mining sector minnows lose investors money in the long-run, but many also give a multibagging rise at some point.

So investment timing is key: buying low (like at the moment with ORM), and selling high.

And long-term, I suspect that ORM has actually outperformed the majority of such shares.

To illustrate this, compare two Irish mining minnows that floated around the turn of the millenium: ORM and CNGR.

CGNR (Conroy Gold & Natural Resources):
Has declined from the equivalent of over 3,000p in early 2000 to just 12p now.
I.e. a loss of well over 99%.
And the general pattern has been one of steady decline, bar a few spikes.

ORM: declined from 4p in 1999 to 2p in 2000, but has since spent most of the next two decades above 2p, and over 20p in 2006.
And it started this new decade at well over 2p, i.e. higher than nearly 20 years previously.

Tungder,

Instead of just ludicrous, libellous, juvenile insulting, why aren't you backing up your comments with facts?

Because you can't.

If you've lost a fortune on this share, that is YOUR fault.

Because there was no misleading or impropriety by management.

They updated the market in the middle of last year when the mining problems emerged, i.e. lower initial ore grades at the Barruecopardo tungsten project than anticipated, due to more complex geology:

23rd May 2019 7:00 am RNS Ormonde Mining PLC - Barruecopardo Update
" ... The initial ore feed from the northern starter pit, a small pit representing only the first few months of mine production, has returned lower grade than forecast due to localised complexity within this peripheral remnant zone; ..."
https://www.lse.co.uk/rns/ORM/ormonde-mining-plc-barruecopardo-update-bsy2gcj5aztzkd2.html

Experienced investors would know the serious implications of that, and retail investors could have applied a stop loss to exit.

If you didn't, put it down to experience, and stop blaming others for you own investment mistakes.

BATM was a real 'stock market darling' in the past (more than thirty-bagging to over ten times its current s.p.) ... and it can be again.

This is a quality outfit of much more substance than NCYT, and the coronavirus outbreak will draw much more attention to its attributes.

In my opinion this is the best coronavirus play that there is, and we could be just at the start of a sustained rerating upwards to much higher levels.

Thanks to Prm on AVFN for this:

"Jacob Judah
February 28, 2020 10:55
... Meanwhile another Israeli firm, BATM, said that it had developed a testing kit for the virus to rapidly test and screen suspected coronavirus cases.
The firm said that production of the kits was underway in Rome and would facilitate the work of health officials who have warned about the reliability of existing diagnostic kits."
https://www.thejc.com/news/israel/israeli-researchers-say-vaccine-for-coronavirus-could-be-available-in-three-months-1.497400

At just 0.575p ORM is trading at barely half of its £5M.+ cash, and it has other assets too.

For a shell that's spectacularly cheap, and history shows that this sort of discount tends not to last.

In fact, depressed valuations should increase the fire-power of ORM's cash, and increase its RTO (reverse takeover) opportunities, as IPOs (initial public offerings) become more difficult.

That's a paradox of shells: they can actually benefit from a stock market correction, effectively become more valuable, just as they are being priced down with virtually everything else!

Another coronovirus play, NCYT (Novayct), is up over 20% today.

NCYT had more than ten-bagged at one point this year, but took a couple of days to get going.

NCYT's first mention of a cononavirus test was on Tues. 28.1.20, but it only really started rising a couple of days later.

And its rise was helped by follow-up RNSes, on 31.1, 7.2, and 14.2.

So at about 45p, I think there's a lot more to come from BVC.

And BVC's final results on Wednesday of next week (4th. March) should provide a good update.

Nelson,

The company has already started production, and moreover has already received interest from customers in multiple countries.

From yesterday's RNS:

27th Feb 2020 7:00 am RNS BATM Develops Diagnostics Kit for COVID-19
"BATM (LSE: BVC; TASE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, announces that its Bio-Medical division has successfully developed a new diagnostics kit to detect COVID-19. Additionally, this kit has undergone testing by several central laboratories and hospitals that have now verified its ability to diagnose COVID-19.
The Group has commenced production of the kit at its Adaltis facility in Rome. BATM is working with academic and research institutions, mainly in Europe, to progress the kit to make it at a price point suitable for large scale production. The kit, which supports all the Centers for Disease Control and Prevention (CDC) recommendations, has already received interest from customers in several countries. ..."
https://www.lse.co.uk/rns/BVC/batm-develops-diagnostics-kit-for-covid-19-re2xk3g1ykaav62.html

Thanks for the link Gloster.

"E-Tech Metals Ltd are focused on advancing it’s 75% owned Eureka Nd-Pr-REE Project, located in central west Namibia"
http://etechmetals.com/projects/

E-Tech remind me of KZG (Kazera):

"Kazera Global currently holds a 75% stake in Aftan, which in turn holds two wholly owned subsidiaries, Namibia Tantalite Investments (NTI) (holds operating assets and plant) and Tameka Shelf Company (holds title and licences to Tantalite Valley)."
https://kazeraglobal.com/investments/namibia-tantalite-investment-mine/

KZG (formerly KENV - Kennedy Ventures) has been a roller coaster ride since it acquired its Namibian mining project in 2014.
But for MILA to acquire a project when prices are depressed should mean that it can cut a better deal.

Rare Earths Outlook 2020: Trade War to Dominate Supply and Demand
Georgia Williams - December 26th, 2019
" ... “Despite the continuous talk by some in the media about China potentially weaponizing its rare earths during trade negotiations with the US, prices of most rare earths have trended lower or stayed fairly flat for most of the year, with few exceptions,” said Luisa Moreno, managing director of Tahuti Global. ..."
https://investingnews.com/daily/resource-investing/critical-metals-investing/rare-earth-investing/rare-earth-outlook/

MILA suspended today at 1.65p, a market cap. of just £382.8K.
Compared to MILA's £428.7K. of cash as at 30.6.19.
Fingers crossed that the RTO proceeds, in which case we should almost certainly see a good uplift in the s.p.

27th Feb 2020 7:00 am RNS Proposed Acquisition & Suspension of Trading

Proposed Acquisition of E-Tech Metals and Suspension of Trading

Mila Resources, a London Stock Exchange traded natural resource focused company, is pleased to announce that it has entered into a non-binding Head of Terms with regards to the possible acquisition of 100% of the share capital of E-Tech Metals Ltd ('E-Tech') to be satisfied in New Ordinary Shares of the Company ('the Proposed Transaction'). E-Tech is a private company developing projects in the critical and strategic metals industry and its primary asset is the high-grade Eureka Rare Earth Project in Namibia.

The Proposed Transaction remains subject to due diligence, completion of the acquisition and re-listing of the enlarged group on the Official List.

The Proposed Transaction, if completed, would constitute a reverse takeover under the Listing Rules. As the Company is currently unable to provide a full disclosure under Listing Rule 5.6.15, it has requested a temporary suspension of listing in its ordinary shares with effect from 8.00 a.m. today, 27 February 2020, pending the publication of a prospectus and the application for the enlarged Company to have its Ordinary Shares admitted to the Official List and to trading on the Main Market for listed securities of the London Stock Exchange. The Proposed Transaction will be subject to approval by shareholders of the Company at a general meeting.

Mila Executive Director, Mark Stephenson, said "The critical and strategic metals industry represents an area of significant growth in the coming decades as international policy makers and manufacturers turn increasingly to electric vehicles and efficient energy storage. The Eureka Project would provide Mila with a highly attractive entry point into this market as this asset not only combines high grade neodymium and praseodymium mineralisation, two of the most prized and high value elements in the Rare Earth group of metals, but also offers the potential for near-term, low-capex and low-opex production."

Whilst the board is resolute in its efforts to execute the Proposed Transaction, no binding agreement has yet been reached and accordingly, the board cannot at this stage guarantee its completion. Further announcements will be made in due course.

**ENDS**

https://www.lse.co.uk/rns/MILA/proposed-acquisition-and-suspension-of-trading-kecqls13kb1lih1.html

Chris Satterthwaite's Chime Communications was taken over for £374M. in 2015, compared to its 2014 revenue of about 386M., i.e. a valuation multiple of nearly one times revenues.

So a future valuation of about £100M. for ZIN is quite possible.

ZIN's annual revenue is already well over £20M., compared to a market cap. of a fraction of that.

And there's no reason why they can't move to making a good profit on that sort of revenue, if margins return to a level more in-line with industry norms.
That's the target, and good progress is already being made in that regard.

From Align Research, 30.9.19:

" ¦ New strategic plan to create a sustainably profitable content creation company and scale to turnover of £100 million in the long-term
To transform the business in the long-term a new strategic plan will focus on four factors: improving the gross margins of television production, revenue growth and diversification, cultural & creative renewal and investment in operational excellence.

¦ Potential for significant increase in value
At the current time we are not putting forecasts into the market for Zinc Media but expect to do so in due course once the finer elements of the strategic plan are finalized. Until then, we note that the track record of the new management team is highly impressive and if Mark Browning and Will Sawyer can repeat their success at ITN with Zinc then we believe the current market cap of just under £5 million could be many multiples of that in the coming years."

http://www.alignresearch.co.uk/cpt-company/zinc-media/

New management is the key to a successful turnaround, so ZIN's new CEO and Chairman are key to the investment case here.

8th Feb 2019 7:00 am RNS Zinc Media Group PLC - Board Changes
"Further to the announcement on 7 December 2018 of the intended appointment of Mark Browning as Chief Executive Officer, the Company confirms that Mark will join the board and commence his role as CEO with effect from 23 April 2019. ..."
https://www.lse.co.uk/rns/ZIN/zinc-media-group-plc-board-changes-amisrrg7y8wjz5d.html

13th Jun 2019 7:00 am RNS Zinc Media Group PLC - Directorate Change
"The Board of Zinc Media is pleased to announce, following a comprehensive search, the appointment of Christopher Satterthwaite as Non-Executive Chairman of the Group. Christopher will join the Board of the Company with effect from 1 July 2019 and will facilitate an orderly transition with Peter Bertram, who retires from the Board and leaves the Group after over eight years as Chairman. The Board would like to thank Peter for his contribution to the business and wish him every success for the future.
Christopher has a wealth of experience in the media and communications space working with both private and listed businesses. Until 2017 Christopher was group CEO of Chime Communications, overseeing its sale to Providence Equity in 2015 for £374 million, having grown the business to a global sports entertainment and communications group employing over 2,500 people in 27 countries and delivered £250 million in shareholder value during his tenure. ..."
https://www.lse.co.uk/rns/ZIN/zinc-media-group-plc-directorate-change-imce76ktocl5aka.html

The Barruecopardo problems only really emerged in the middle of last year, and the second half of last year was a very bad time for small mining companies to raise finance, especially in the UK with concerns over a hard Brexit.
See for example SXX's failed fundraising in September.

So any ORM fundraising then would have been massively dilutive, on very poor terms.

The sale therefore was the best outcome.

If you argue that the FD should Have forecast the geological problems, I don't think that's a reasonable requirement of an FD.
And as a previous poster has said, where does one get these crystal balls?

So I don;'t think there's a case for attacking his competence, and nor is it helpful to long-term ORM shareholders going forward.