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Its GREAT to see with still no sign of the RNS. Nice to be well in the black again. if it keeps up like this when the RNS does drop we should get a lovely boost.
Well not the rns we wanted but at least we know we're covered till 2025 now and can assume that's the new time frame for gas production.
So another year
1.20 hit :)
Someone definitely thinks something.
Look at those trades
News starting to get to the press.
https://www.upstreamonline.com/exploration/aminex-stock-price-surges-after-study-identifies-tanzania-asset-could-hold-16-tcf-of-gas/2-1-1605753
https://www.energy-pedia.com/news/tanzania/aminex-provides-ruvuma-seismic-update-194375
So 16.4 TRILLION in gas.
seeing as this share hit 8p on the old figures are we looking at what,
16p a share now come the end of the year at earliest or H1 2025 at latest ?
OK THAT depends on them actually hitting a deadline FOR ONCE.
but still GREAT NEWS today, hell i remember some getting mocked for presuming 16t so its nice to see the sheer scale of things .
i reckon theres a good chance this 'll be at 1.4p in the next two weeks just based on factoring in theses stats to the old share price.
VERY hard trading though !
i mentioned in an earlier post that i was trying to pick up some stock at 85 to round up the odd number my holding was.
i COULDNT get it at 85 despite it going to other traders at 8125 !
i chanced it at 83 this time for 80k shares and got a mental fig thats 331 shares short. the stock just seem to be that short on the ground.
so if ya see a trade for 331 tomorrow at 83 tis me.
:D
well october came and went and here we are in december and still now fecking news.
no wonder the share price has drifted.
by the way that bid for 0.85 is me. ive pretty much got all i want in this stock but the way it all added up was an odd number so im plumping for another 80k to round it up. thes seems to be the best time as any and if it doesnt happen no skin off my nose.
so for those thinking in deramping im not and i do think the company will come up in the end.
im just ****ed at the silence and yet another date missed.
Well common sense says we SHOULD see a rise. We're no longer a cashshell and have significant stakes in prospective companies. so it should leap up to circa 4c or so.
BUT when the hell has that ever mattered?
i'll be honest, ive been in here since near 2011 and just want out at this stage. ive made SIGNIFICANT profits on two other stocks that i got into during covid as they were once in a generation bargains so im quite happy to flog ths tomorrow at a near 80% loss cause i can offset it against the gains there.
thats my real issue now. what exactly IS the liquidity rate of ASQUIS ? I WONT be able to do it on my phone/computer so itll be up to ringing my broker on the phone and getting em to flog it old school style.
end of the day though least we ARE trading again. thats something. and to those asking yes im taking the RNS to say it'll be on the AQUIS platform under the ORM name.
good luck to all of ya. been some ride.
Well we're supposed to be eight weeks away from gas production so they better report something soon.
The silence has me thinking this is another date missed.
Nice jump up today but still along way to for for our 10p party
:D
as an aside though thought you'd get a laugh outta the fact that someones forgot to adjust for the fact that our shares in pence NOT pounds on the london stock exchange site.
so if you look at it now "trades" for say 1 million shares are showing as a value of 1 million 280 thousand pounds.
:D :D :D :D :D
ah if ONLY !
Bit of a non event IMO .
Bout the only stuff that really matters in it is confirmation CH1 is moving and to me that means slippage on the NT well thats to be remediated after it. the other one was ment to be retasked in march and now it not even had a digger at its site here in july.
im thinking it'll be 2024 before we get gas to market which is par for the course for how this companies panned out on the time scale front.
the only news that really excites me is the 3D analysis . come dec we could be getting a nice surprise on whats ACTUALLY down there. but untill thats out i dont really see anything here to boost the share price to where we think it should be.
agreements are all well and good but mean feck all till theyre actually SIGNED.
Still we got the AGM tomorrow so who knows, maybe theyre keeping something back for that.
The bit that's of interest to us
Suspension of Listing
Ormonde became an AIM Rule 15 cash shell in October 2022 and is therefore required to make an acquisition or acquisitions constituting a reverse takeover ("RTO") under AIM Rule 14 and the Euronext Growth Market rules on, or before, the dates falling six and twelve months respectively from 3 October 2022.
Following Ormonde's acquisition of a 20% interest in Peak Nickel Limited, as announced on 7 February 2023, the Company's ordinary shares have been suspended from trading on AIM and Euronext Growth Market. As Ormonde is a cash shell, the Subscription for shares in TRU is also deemed to be an RTO under AIM Rules and Euronext Growth Rules and as such trading in the Company's shares will remain suspended until an AIM admission document and a Euronext Growth information document are published.
As TRU is already listed in Canada, the Ormonde Board has decided, subject to shareholder approval, to seek to cancel the Company's admission to trading on AIM and Euronext Growth Market as part of the approval process around this Subscription (the "Cancellation"). An announcement setting out the reasons for the proposed Cancellation, the effect of the proposed Cancellation, and a detailed timetable will be released when finalised. A circular will be prepared and sent to shareholders in due course with a notice convening an Extraordinary General Meeting ("EGM") to approve the Subscription and the Cancellation of the Company's shares to trading on AIM and Euronext Growth Market. The Subscription is conditional on shareholder approval and the completion of the Cancellation.
Brendan McMorrow, Chief Executive Officer, commented:
"We are very excited about the geological prospectivity of the Golden Rose Project, and the future opportunities that a combined TRU and Ormonde could uncover. The proposed investment in TRU, if approved, together with the existing investment in Peak Nickel, provide Ormonde's shareholders with exposure to quality and diverse assets across a range of strategic minerals in Tier 1 jurisdictions, thereby positioning the Company for significant value creation in the short-to-medium term."
Enquiries:
Ormonde Mining plc
Brian Timmons, Chairman
Tel: +353 (0)1 801 4184
Vigo Consulting (Investor Relations)
Ben Simons / Charlie Neish
Tel: 44 (0)20 7390 0230
Davy (Nomad, Euronext Growth Listing Sponsor and Broker)
Anthony Farrell
Tel: +353 (0)1 679 6363
About Ormonde Mining
Ormonde is focussed on the evaluation and execution of new opportunities through which the Company can leverage its balance sheet to generate shareholder value whilst placing a strong emphasis on cash preservation.
Currently, Ormonde has a 20% interest in Peak Nickel Limited, a private UK company which is advancing exploration on a potentially significant battery metals project.
Ormonde's shares
Well that was out of the Blue. We're buying into a gold prospect in Canada with the application to AIM and Euronext to be cancelled dependent on a vote from shareholders at an EGM!
Seems to be because TRU is already floated on the Toronto exchange.
Exciting times TBH.
Question of putting your options where your mouth is, and they certainly see 2p in the near future.
wish we'd get an RNS that actually tells us whats going on though.
hopefully thats incoming on the back of this.
Comforting to see that at close of business in order for someone to get over 500k shares they need to pump up the bid to 1.29 a share. anything lower only got tens of thousands of shares instead.
theres an anomaly at 1c a share for 2mill worth (20k val) showing up post trading but the rest seem to imply a nice kick up first thing tomorow. an RNS at 7am would be nice.
Yeah thats SOME jump at close of business. be fun to see tomorrow
so we should get some news come June then from the 3D on the size of our asset.
not too far off.
just on the languishing of the share price ONE element is it'll take INSTITUTIONAL investors to really skyrocket this stock as they have the financial firepower to not buy 20 MIL shares but 20 BILLION if it existed.
and they aint gonna do that cause theyre constrained by LAW on how they act. ill give you an example. during the financial crisis the mexican gov took 10 BILLION outta irish life and permanent. why? cause the share price went below a set level. no other reason, they just HAD to once that happpend. it probably cost em a fortune but thats the way things are.
right now we all KNOW how good an investment is , but these lads cant do JIP till they meet the standards set down for them by either governements or charters.
once AEX can say whats there and what were getting outta the ground and how much its worth - INDISPUTABLY- theyll be in like flint. till then its OUR time to take a punt.
ive got my 2c in here and im happy to wait till all those boxes are checked for the herd to arrive. and hey that could be next year considering our track record with meeting deadliines. but i DO think itll happen relatively soon
Just remember despite sitting on millions the big boys in certain circumstance dont have the freedom we have as individual investors.
Divi is 6.2c a share.
Total distribution is over 380mil with 166mil making up the ordinary divi and the rest a share buy back