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

Another thread on the same company katcenka! you must have a large interest, quantity.....?

Bloomberg is all over this one... they seem to be very excited... cant blame em, I am very excited about this too

http://www.bloomberg.com/apps/news?pid=10000102&sid=a.EL0GjwNvWE&refer=uk

http://www.bloomberg.com/apps/news?pid=10000102&sid=a5H9dFBfNFs4&refer=uk

http://www.bloomberg.com/apps/news?pid=10000102&sid=awjeQEFzi7JY&refer=uk

UK Stocks Fall, Led by BSkyB, BOC Group; Virgin Mobile Surges
Bloomberg - 4 hours ago
... Ormonde Mining Plc, an Irish mining company, rose 14.3 percent after it said it has ``positive'' results from gold recovery tests in Spain. ...

UK Stocks Fall, Led by BSkyB, Vodafone; Virgin Mobile Surges
Bloomberg - 7 hours ago
... 2. Ormonde Mining Plc, an Irish mining company, rose as much as 7 percent after it said it has ``positive'' results from gold recovery tests in Spain. ...

Snap: Ormonde announces positive gold results
ShareCast, UK - 10 hours ago
LONDON (SHARECAST) - Ormonde Mining has reported positive test results from the La Zarza Gold-Copper Project in southern Spain. ...

FTSE 100 Falls, Paced by BSkyB, Vodafone; Virgin Mobile Surges
Bloomberg - 10 hours ago
... Ormonde Mining Plc, an Irish mining company, rose as much as 7 percent after it said it has ``positive'' results from gold recovery tests in Spain. ...

Ormonde Spain results 'big step'

December 05, 2005 11:32
Exploration company Ormonde Mining says tests at its La Zarza gold and copper project in Spain show that it can achieve its targets for recovering gold.

'This is an early but very significant step towards proving the viability of the La Zarza project,' said managing director Kerr Anderson.

The tests show that up to 60% of the gold can be recovered by standard flotation procedures.


'With gold breaking $500 per ounce, and now preliminary evidence that both gold and copper recoveries are up to best expectations at La Zarza, Ormonde looks significantly undervalued,' said Davy analyst Job Langbroek.

http://www.rte.ie/business/2005/1205/ormonde.html

Opto - think you need to repost your question, it's got lost in the news reports.
:>)

And the same again here

Well if there's 2 threads, one may be seen and a response may come....
;>)

its 10p kat, still failing spectularly i see but eh if it does reach 24p i'll be the first to congratulate you.

Must allow time for an answer to be constructed.
edit: will add to that. Anyone pushing a share so much must have an interest in the stock. Why else should anyone encourage people to go into a company, particularly such a little known one. Will you be around to compensate 'investors' if the company goes belly up?
I repeat respectfully what commitment do you have to support your recommendation?

;>)

its amazing they find gold, and no one is interested in these... really quite bizzare

good morning - so you have a holding in these yourself Katcenka?

Will bring this ttt;
Anyone pushing a share so much must have an interest in the stock. Why else should anyone encourage people to go into a company, particularly such a little known one. Will you be around to compensate 'investors' if the company goes belly up?
I repeat respectfully what commitment do you have to support your recommendation?

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....