BigBobby20
27 Aug 2016
Building a stake (FAO Scholomo) Hi Scholomo.I'm still keen to enlarge my stake in Ormonde, as mentioned in recent posts, for the reason that our ducks are now slotted nicely into line and are paddling confidently forward. If the SP slips back under 2p, I shall very probably be back at the well.Limits on available disposable income leave me (and doubtless most others) having to weigh up carefully when investing and, of course, everyone seeks to build in some safety by diversifying. There was a time when I spread money over an ever extending range of shares as a defence ploy. In the end, my portfolio became unwieldy and once or twice I was left wondering whether I had researched a new company sufficiently. Now I have a (relatively) slimmed down set of companies which I know well and which, I hope and expect, will prosper given enough time. It took me some time to accept that selling off the various dogs that had curled up to die might allow the (often pitiful) returns to be reinvested in companies that had a much better chance of doubling or trebling the shrunken pot or even becoming multi baggers.Anyway, what you asked about was the actual stake building. I do not like giving tips (and am not qualified to do so, other than through membership of the school of hard knocks) but I see no reason why I cannot tell you openly that Quadrise Fuel (QFI) and RhythmOne (RTHM) are companies that are at this time my first ports of call when I have funds to invest. Briefly put: QFI has developed a fuel, MSAR, that is cheap, benign to engines and largely pollution free. The fuel could (assuming the success of a present, final round of sea tests) be rolled out commercially next year across the world's fleets. There is also massive potential in using this same fuel in power generation. Saudi Arabia has a QFI pilot project about to begin. RTHM (formerly Blinkx) is a technology company, emerging as a leading on-line advertiser, with some best in class attributes to its platform. The SP has see-sawed wildly over the last three or four years and remains a long way (currently mid thirties) from the 240p high water mark. Sales and reach (including the mobile market) are growing steadily month by month. These descriptions are minimal. Further information on both companies can be sought from the usual sources, including charts and discussion boards here. As always, DYOR. I would add that I consider both of these shares to be considerably more speculative than a stake in the cruise ship Ormonde. But then: high risk, high reward... BB20
Phillip Reid
25 Aug 2016
Re: AGM Hi BB (Good evening here!)I am having a nightmare with my Acer (UK bought) laptop/notebook - the cursor keeps taking on a mind of its own. It sometimes just kind of vibrates and sometimes takes off flying at about 1000mph around the screen. Sometimes pages or programs will open that I don't want. I have been in touch with MS Answers but they haven't been able to help me up to now, as nothing they have suggested that I have tried has helped. I think that is what might have set up the sell signal. It was really frustrating me and made me forget about the 24 hour rule (I think it is) that stopped my other attempts to post a buy rec. Hope this one works. I have just resorted again to my Asus all-in-one (China bought) which is supposed to be pretty powerful, but is really slow - don't know why. However I have had problems with it since I bought it, but the students here who helped me buy it didn't want to go back with me the following day to complain to the shop, after I had downloaded A/V and found Trojan (seemingly related to porn). I think it must have been a model that they gave me, that had been used in the shop as a demonstration model. Also you would have thought that the Chinese firewall would have stopped everything to do with porn, but sometimes when I have been browsing I have come across what I think would be links to it, but needing passwords. I might be wrong though.Back on topic, I tend to agree with you on Orm's prospective SP, but trebling in a year might be a bit fanciful. Will have to see what happens when production starts and they get the first cash rolling in - they have a lot of debt as well as having given away the biggest part of the company - still I am in with a fair wad of them.Kind regardsPR - sweat dripping off me here with the heat, just sitting at my PC on the desk, must have been about 40C today. I went to climb my local small work-out mountain (there are any around the city and thousands in the province) just before lunch (mad dogs and Englishmen and all that), and coming down, I was thinking if I had a fall - just on the steps or fainted - I would probably die with the heat. Anyway, what doesn't kill you makes you stronger, or something like that.
scholomo
25 Aug 2016
Re: AGM Dare I ask where you are building a stake?
BigBobby20
25 Aug 2016
Re: AGM Good morning, Phil.I've been on the look out for that BUY flag of yours but I know how complicated it is here to post what you would like. And your sentiments are clear from your recent posts. The AGM presentation suggested that things are coming along nicely. And today's good news is that the 26 day moving average (I use the EMA) cut upwards through the 200 day EMA (as already posted) a week or two ago, and has since held its above-the-line presence. Now the slower moving--some would say the more important--50 day EMA has also sliced upwards through the 200 day EMA and has since remained in positive territory. The SP has not been above this 200 day line since the summer of 2014. This is a positive and noteworthy event, which is likely to trigger, sooner rather than later, further rises in the SP. Hands up anyone who thinks that the SP will not have doubled by the autumn of next year. A trebling or better would not surprise me but, alas, I'm not a clairvoyant. I'm still building up a stake elsewhere at the moment but a pull back in the SP here will probably tempt me to top up again and reduce my average a little. BB20
Phillip Reid
24 Aug 2016
Re: AGM nm
Phillip Reid
24 Aug 2016
Re: AGM Market is looking good - last trade 2.25Got to make a post and put on strong buy to compensate for yesterday's sell.Regards
Phillip Reid
23 Aug 2016
Re: AGM Don't know where that sell rec came from. I certainly didn't click on it. Definitely a buy for anyone who doesn't just want blue chip FTSE 100 stocks
Phillip Reid
23 Aug 2016
AGM 23 August 2016Ormonde Mining plc("Ormonde" or "the Company"
Result of AGMThe Board of Ormonde is pleased to announce that all resolutions proposed to shareholders at the Company's Annual General Meeting held in Dublin today were duly passed.A copy of the short presentation which was presented to shareholders following the formal business of the AGM is available on the Company's website www.ormondemining.comRegards
BigBobby20
22 Aug 2016
Re: Updated Website Hi Bizana.Yes, it's always an encouraging sign when directors buy shares in their own company. Of course, our directors are only a tiny band (four) and they do hold various options to purchase shares, some of which options run to 2020. (See early pages of 2015 annual report.) If we include the shares held by the late Kerr Anderson and family, the total owned by this small group works out at just over 7 million. Exercising all of the available options, when they fall due, would more than double that holding, though the strong likelihood is that some options would be exercised and the shares that were acquired then immediately sold on. Institutional and other holdings of more than 3% remain unchanged since last year. The number of shares held (26.66%) in this category is not insignificant. This figure would doubtless increase if the company were quoted on one of the major indices, as a large number of investment houses do not buy on AIM. We should not forget in this context that institutional support for the Saloro project from Oaktree, with a 70% stake, is massive and as big a confidence booster as any miner and its shareholders could possibly wish for.BB20
bizana
19 Aug 2016
Updated Website www.ormondemining.com/Worth a look. Projects a better image.Now if only we could see some Institutional buying. Perhaps the institutions would like to see some director buys! I would welcome that. It bothered me at 5p that they did'nt buy. And it bothers me even more that they did'nt buy at 1p.As of 28/07/2016 the free float is 97.12% with only 3 shareholders (2 institutional, 1 individual)holding more than 5%. Directors hold 1.26%.
Phillip Reid
18 Aug 2016
Re: ORM looking good as the mo ?? Hi Bobby (Robert is the name of my eldest son)"Is anyone attending the AGM on the 23rd in Dublin? "Sorry mate, too far from China for me ! Methinks it is also a goodly trip for mainland investors in the UK, but we might be lucky and have someone going.I'm afraid my top-up wasn't so big, now wish it had been a lot more. I just rounded up my holding, but if value gets back to where it has been, this holding should be up there with my GSK and HSBC etc. Similarly with GFM if it gets back to around 55 - 60p. Still have one or two dogs - small oilies!Feeling pretty confident, with the way things are going here now.
BigBobby20
17 Aug 2016
Re: ORM looking good as the mo ?? Hi Phillip.Good to see you have kept the faith and that you topped up close to the bottom. When we consider where Ormonde/Saloro are today in their project development, it is a grand piece of irony, as Fred Prior and others have suggested, that the SP is currently well short of a bag of peanuts. After all, a few years ago the SP managed to reach double digits on hopes and ambitions alone. Virtually all the permissions and the project funding at that time remained to be netted and the black storks were cackling derisively from the sanctity of their nests at the mine. Things have now swung massively in favour of the ormondistas and, IMHO, it is hard to think of a safer, more promising investment. Before anyone weighs in point out that there is long wait ahead, I am of course aware that we still have 15-18 months still to go before production. Small upticks are all we can hope for, triggered by positive news flow and (we hope) a growing imbalance in demand for tungsten and supply, but as time goes on we could find ourselves up by a penny or two before we see shovels in the ground. Thereafter, the SP could develop a real head of steam. Perceptions of the funding deal with Oaktree have also changed and become more positive, as people have grasped the lack of project funding in the metals market in a context of mining ops that cannot pay their way. We shall be low cost producers, as we know. Interesting too: we appear not to have drawn down any of the Oaktree loan finance, and have not therefore had to pay out yet any interest. Tungsten prices are slowly coming good. I can see from recent posts that we are all feeling more cheerful. Good to see regulars posting again (hi to Dyfi, Scholomo, Bizana and Broomfielder) and now we have new recruits clambering on board. A warm welcome to these shrewd investors. Is anyone attending the AGM on the 23rd in Dublin? I cannot make it and would be pleased to have an inside view from any bb colleague who attends. BB20
broomfielder
13 Aug 2016
Re: Invested Echo your thoughts/message entirely Phillip (although I always retained a few shares just to keep my interest going despite my losses).I have since bought in modestly but I didn't quite manage the low point in the SP in recent times but well short of the double digits I once purchased at.Best of luck all.B
Fred Prior
12 Aug 2016
Invested good evening gents, I have had this on my watch list for a while and decided to take the plunge for my first tranche today, hopefully I have not purchased on a premature rise-but I guess one can never quite pick the bottom. I was tempted to buy my total purchase today but with aim being aim I have decided to wait and see if another dip appears, I will be happy either way as I fully believe the fundamentals totally outstrip the current MC and if I am getting a little ahead of myself I am expecting this to rise at least 300% by the end of 2017, even if its half of that, its 149.5% more than what my bank are giving me.Good luck all and I hope I don't jinx the rising price on my first purchase!
Phillip Reid
12 Aug 2016
Re: ORM looking good as the mo ?? BBI also recently topped up at 1.55 - didn't want to say so at the time, cos I knew with my luck, that would probably put a kibosh on it.Anyway, pretty happy with the way things are going here and with GFM - you must be also, was contemplating a top up there to take me to the 100,000 share, but will stick where I am with the recent rise. Also happy with my financials, banking and insurance.Kind regardsPR getting frustrated with tropical showers, as I need to go out to do some shopping
