Well you will never see the 50’s or 40’s ever again . Try put a one in front of both. £350,000 is a solid enough endorsement to tell you it’s not going there. You think the guy would be spending £350,000 at the current share price if he felt it was going to drop another 40%? Come into the real world
Thinly traded and looks like a seller around or someone selling for tax losses. Onwards
The Radcliffe brothers own 52% of the business . If they took the business private for say £400m which is £1.40 a share the brothers only need to pay £180m due to the size of their exiting stake. They’ve already pocketed £260m so that would give them their business back and £60m profit in their pocket too. Lots of up side here from 65p
This was the last update from ORM nearly 4 months ago . Reads well but update must be due on the “meaningful shareholder value”
"The new Board is acutely aware that shareholders have been waiting a long time for the Company to deliver a return to shareholders and, more recently, to utilise its balance sheet and deliver a strategy creating meaningful shareholder value. Working with Brendan, our priority is to evaluate and execute an opportunity or opportunities whereby Ormonde can leverage its listing and balance sheet to generate shareholder value. We will do this alongside reviewing the Company's existing assets to maximise opportunities therein, while placing a strong emphasis on cash preservation."
Limited down side. Good assets in Spain and £3m of cash. 2p fair value and that’s before any big transaction
Next update is going to be very interesting - RTO target with a 2p share for ************** will do for starters.
It’s been a fake markdown to try and fill a buyer. Up 16% on £8k of buys. Wait until volume arrives.
Appears to have been a spoof markdown over the past 4 months. Probably Anderson trying to fill his boots to 29.9%. Back over a penny on no volume. Fake markdown . Onwards
Are they suggesting / implying we should be valued at $1bn
In December 2021 we received assay results for our first 11 drill holes, which exceeded our expectations. A stand-out result included the identification of a 10m wide zone of mineralisation with multiple +10g/t Au & Ag grades at Coffey, which our Chief Technical Officer, Neil Hutchison, described as "one of the most consistent and best overall gold intersections" he has seen in his 30-year career. This area is accordingly a high priority target and post period end has continued to deliver encouraging results, with a 9.3m wide mineralised sulphide zone from 195.7 to 205m identified that contains 2m of "Bellevue Style" quartz-sulphide lodes from 201.5m to 203.5m.
The discovery of "Bellevue Style" mineralisation is significant because underpinning our resource discovery confidence is Kathleen Valley's location. The Project is situated in one of the world's most productive gold regions, next to ASX listed Bellevue Gold Ltd ('Bellevue'), which has a market cap of circa AUD1 billion and is considered one of the most successful exploration plays in Western Australia. Evidence to date shows that Kathleen Valley exhibits similar geological characteristics to Bellevue, with gold-silver mineralisation occurring within the same Mt Goode Basalt sequence.
In December 2021 we received assay results for our first 11 drill holes, which exceeded our expectations. A stand-out result included the identification of a 10m wide zone of mineralisation with multiple +10g/t Au & Ag grades at Coffey, which our Chief Technical Officer, Neil Hutchison, described as "one of the most consistent and best overall gold intersections" he has seen in his 30-year career. This area is accordingly a high priority target and post period end has continued to deliver encouraging results, with a 9.3m wide mineralised sulphide zone from 195.7 to 205m identified that contains 2m of "Bellevue Style" quartz-sulphide lodes from 201.5m to 203.5m.
I think a deal is close. Hopefully see this multi bag from current 0.7 levels
Brian Timmons, Non-Executive Chairman, commented:
"The new Board is acutely aware that shareholders have been waiting a long time for the Company to deliver a return to shareholders and, more recently, to utilise its balance sheet and deliver a strategy creating meaningful shareholder value. Working with Brendan, our priority is to evaluate and execute an opportunity or opportunities whereby Ormonde can leverage its listing and balance sheet to generate shareholder value. We will do this alongside reviewing the Company's existing assets to maximise opportunities therein, while placing a strong emphasis on cash preservation."
Is it gold, copper play we buying? Don’t leave us hanging!! Why all the buying today? First volume for 4 months
This is the most volume I’ve seen for 6 months. Ironically there’s another 1m buy print on aquis too. That’s not showing here.
Exactly correct. They want 0.78 for 500,000 which is only ÂŁ4K worth. Will be over 1p at the stroke of a pen then MM will start playing again. Feels like need is coming. The board have been silent since being installed last year
The last we heard from the new board was the following -
- chairman increased stake from 23% to 24.5%
- new Board were granted 9m options at 1.1p
Volume has been zilch since Dec but suddenly it wakens up today. Well we need 50% uplift just to get close to the option price and the chairman was purchasing above 1p. Have they got something to tell us?
Signs of life at last. What have they been doing for 5 months. Looks like we about to find out.
I’m confident this will come through next week but only thanks to our consultants. My understanding is the pre discussions with our constant the DEM agreed all the key areas in advance. This will come through that I’m sure of. There’s a key SML board meeting today , they always get together on April Fools day. Have a good weekend all and see you next week for steak, chips all with Salt and PEPR of course.