Ormonde Mining La Zarza Results Bolster

Monday, December 05, 2005 5:22:34 AM ET
Dow Jones Newswires



0904 GMT [Dow Jones] Ormonde Mining's (ORM.DB) results from La Zarza in southern Spain should support the stock, says Seymour Pierce. "We view this as a further positive step on the path to the development of La Zarza, and reiterate our buy recommendation on Ormonde with a 24p target price." Trades +3.7% at 9.9p. (DWE)

http://www.newratings.com/analyst_news/article_1149090.html

ORM - Ormonde Mining

Latest Prices
Name Price %
Ormonde Mining 10.53p +10.50%

FTSE AIM All-Share 1,015 -0.07%
Mining 11,934 -1.71%

LONDON (SHARECAST) - Ormonde Mining has reported positive test results from the La Zarza Gold-Copper Project in southern Spain.

The group said a total of gold recovered from saleable floatation concentrates and gold recovered from pyrite concentrates should be higher than originally targeted.

"The unexpected recovery of a significant proportion of the gold by standard flotation to copper and lead concentrates is a very positive development which gives the company considerable confidence in the testwork programme
http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=584019

all this news and harldly any buying... amazing, either the market is asleep, or people are just plane mad missing an easy opportunity like this

not sure, I really cant remember.... ;-)

opt look a the rns, and look at the brokers buy recomendation, not one but two brokers...

Hey opto fancy a cup of tea?

Two brokers, now that does surprise me!

someone in irelands just bought 400k... smart money I would say

They found gold a long time ago -- this latest news just looks at recovery rates

They have c1m oz in the ground around Spain so not too bad but still some way from getting it out. Small mkt cap means little interest and until they get an independent report saying "it's worth this much..." it will trade well below any potential value

Basically it looks cheap but it has done for more than a year. There is some drilling in other areas likely to provide incremental upside. Newsflow to be steady/good rather than dramatic/exciting

Fact is there are 30 or so other stocks like this in oil or metals. This one I must admit looks both better than most and more overlooked

Good for some medium term return of 50 -150% from here but no reason for a straight jump to 24p as the earnings are still years away

if you read the broker notes, it says very undervalued... i.e. when they do get to know the true value, it will be much more than 24p

But they said this in August too....

No they didnt, they only had zinc in august... read the RNS, the gold is a bonus!!!

A broker called Davy had a note out 25th August highlighing the La Zarza gold copper resource and having a price target of 24p. The gold is not a bonus . See operational report in last interims -- it is what these guys are about

2 buys at 5.9mil from yesterday just reported... bleeding heck... wow!!!

zippy dee doo dah

come on up up up

WELL DONE kat up a massive 1% so far looks like your starting to turn the corner.

oh sorry 1.19%

Nice grant from the Spanish tax payer

Don't expect quick move to the 24p target as put out, but more drilling results in two other areas in Spain are due in next few weeks

Hi c'mon give kat a chance with the 24p, he/she has got to get one prediction right (ok i admit every single one completely wrong so far but never give up).

True, but i think he must be at his day job taoday otherwise we would have seen a few bulletins about this already -- on this and most other threads

lol, a bit like the 5 TFC threads he/she is running.

sorry I was concentrating on CDG... GME next on the cards.. TFC cant be far away

There she blows