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

Gone back in today

This has perked up a bit...more to come?