Member Info for ten4

653k shares of ORM traded on Irish Stock Exchange today. Closing price 1.7c which is equivalent to 1.27p. Compare closing price on London Stock Exchange of 1p. Seems to be a very large discrepancy between the two exchanges and also Dublin investors seem to be much more optimistic than those in London. The level of communication from Ormonde to the market is abysmal and in my opinion is responsible for much of the fall in the share price. If they got out a message showing that the story of Ormonde was still good, i think the price would soar. I emailed Ormonde to this effect a while ago but needless to say got no answer. I will continue to hold even though I am heavily underwater( or maybe because I am underwater).

From RTE Brokers. Comment by Davy Stockbrokers:- "Ormonde. On schedule to deliver tungsten project at right point in metal price cycle November 26 2015 | Job Langbroek | Morning briefing | 1 page(s) | Read Important Disclosures While commodities currently attract little interest, an axiom of cycles is that ‘low prices tend to cure low prices’. In the case of tungsten, supply-side stress together with forecast steady long- term demand should in time result in higher prices. Timing is an imperfect science; however, even allowing for that, building a mine during a price slump is a much better proposition than building a mine at the top of, or on the wrong side of, the cycle."

Davys rte brokers report today. Good progress and on schedule at Barruecopardo tungsten project October 14 2015 | Job Langbroek | Morning briefing Following the funding package agreed earlier this year to finance the Barruecopardo tungsten project, Ormonde reports good progress with various early elements of the development and that it is on schedule for commissioning at the end of 2016, as planned. In tandem, the group has begun to explore the upside potential in the project with the start of a well drilling programme to probe the deeper extremities of the mineralisation.

Other tungsten miners doing well. WRES share price is shooting up. So is WLFE. Where is Ormonde's parade?

The markets are very displeased with today's RNS which reports the suspension of the negotiations for the 175 million dollar bond to fund Ain Aisla. This share reminds me of Providence Resources, having a very fine resource but circumstances in the market hinder the raising of funds to exploit it. The current pending court case with Worldview is not helping matters.

"DAVY VIEW: The news that the first equity investment by Oaktree has been made into the project company is positive. The scale and nature of the investment package provides certainty around project delivery – a very solid achievement in current markets for resource developments."

interesting comment on Proactive Investors website from SP Angel who are brokers to Ormonde Mining. "Even with reduced ownership of the project, the inherent value of Barruecopardo provides scope for upside from current prices. The market may not however re-rate the shares till tungsten prices start moving from here and the project moves into the execution phase." So what do we do now? We wait.

Think LSE is overstating drop at 17% . Only 7% drop elsewhere such as London stock Exchange. LSE using 2.05 as last closing price. London Stock Exchange using 1.82 last closing price.

Item in todays Irish Independent states that Almonty has conceded defeat in its bid to take over Ormonde. Almonty CEO Lewis Black reckons Ormonde has enough votes to seal the Oaktree deal. The guy who bought Tiberius stake ( 30m shares, 6.5%) is Tom Anderson, a cinema and exploration investor who regards his investment as "a play on tungsten."