UK 17:30 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Los Angeles-based Oaktree Capital Management is close to taking a majority stake in Irish mining hopeful Ormonde Mining (ORM)’s flagship Barruecopardo tungsten project in Spain’s Salamanca province. The US group, which runs $90 billion (£60 billion) and targets ‘alternative investments’, has signed a term sheet with AIM-quoted Ormonde, conferring exclusivity until 10 April, with a view to providing a financing package for the existing open-pit project, holding an estimated 27.39 million tonnes with 0.26% W03 (tungsten tioxide), and to evaluating a subsequent Stage 2 phase to move underground.
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Comments
wildrides
Buy WRES instead as its at one year lows and better value .