Agree with the comments. Did my own research a while ago on the drill results in the Congo. If it was such a hot deal it would have been snapped up by others.
FWIW-I put in a large buy yesterday before 9am. Never showed up (anywhere). I wonder how many others there have been?
What I like about this company is the majority stake by Anderson, money in the bank, assets that have value, migration completed and all in all, interesting times ahead for ORM. What I do not like about this company-the lack of BoD engagement with investors, the repeated claims of shareholder value being their goal with zero results on this front. Time for a shakeup imo.
I was just writing when your post popped up Barney. Thanks....
If it was me, i would sell La Zarza. What intrigues me is the 'alternative strategies' part to the RNS. Given the cash on hand and potential to offset tax there could be some interesting permutations, most of which I am not aware of!!!
Orchestrated delay to lower the SP? Just a thought and I am sure that would never happen to allow shares to be issued at a lower price....assuming shareholder approval. I won't say how many shares I have or what percentage of the company now although prepared to vote it down if I think this has been orchestrated. Its hard earned money but enough years in me to make it back. The alternative is to look to take inspiration from what happened at VAL.
Just my multivitamins! I am not expecting news this week as today was my cut off point which I thought there might be news before Easter. I suspect this will be able to bought in low 1.40s this week and into next. Bought a few today and as usual one not showing at 1.485. Will add significantly if this dips much further.
RE: Sell and go or Stay and be positive.26 Mar 2021 09:31
There is a reason why the spread is so high----the MMs need shares. I was buying in the 1.50s yesterday and again and as normal these are not showing. All is not what it seems and the high spread is one obvious indicator of this. The price monitoring RNS's with no to little trades is another indicator as are the times when trades have been switched off (earlier in March and again, last Friday pm) and lastly the buy trades people are making which are not showing up.
RE: No news is not always good news!24 Mar 2021 17:36
I always try to put things into perspective. Further licences being applied for in Spain and this news could land anytime. Then we have the deal most of us are focusing on. The company has cash in the bank, a relatively simple deal and the question to me is whether the licences are worth the money. The sample figures have been knocking around for some time and this really is the question for me and perhaps the majority shareholder. Is it a good use of resources.
Overall though, cash in the bank, MMs playing their usual games which I will not go into detail although the figures of bought and sold today are way out.