Ormonde Mining Share Discussion Threads

[alannlane] 06/9/2021 23:12

It's time for T A to take control and for the company to have a much brighter future.

[gb904150] 06/9/2021 08:53

RNS out about the reconvened AGM. hxxp://ormondemining.com/wp-content/uploads/2021/09/2021-Reconvened-AGM-Materials-Ormonde-Mining-plc.pdf Tom Anderson's letter to shareholders is pretty unhelpful and doesn't lay out a future plan for ORM any more than the current BOD do. Adding more 'experience, talent and brainpower' to the board sounds like adding more cost. TA says he will pass on to the board some opportunities that cross his desk. Not exactly very inspiring. I'm sure with 23% of the shares TA has a plan but he's not sharing it. It then depends on whether we trust somebody who has committed about £1.5m of their own money to own 23% of the business or the current BOD with no stake who are just sitting and taking their fat salaries. Still, I think a missed opportunity. TA could have set out a plan as to why we should vote for articles 7/8 rather than just this vague 'promise of better'. Perhaps the way forward is to vote against resolutions 4/5/6 to stop the issuing of extra securities until we see a proper plan? But vote for resolutions 7/8 to get TA's guys on board. I don't see TA wanting to trash his own investment here....so his resolutions seem the only sensible options. Any other views?

[imjustdandy] 05/7/2021 01:07

Going to see this multi bag once Tom Anderson wins control.

[cal57] 03/7/2021 08:54

Yes definitely seems that way.

[imjustdandy] 02/7/2021 23:02

Momentum play now as TA takes control

[cal57] 02/7/2021 18:25

Just to add further in case anyone thought that was a deramp the tax loss can be used to offset profits for tax purposes.

[imjustdandy] 02/7/2021 16:00

Trade at cash levels. 4m cash in bank

[cal57] 02/7/2021 08:37

Yes and market Cap of around £5m and £30m loss sitting on the books.

[imjustdandy] 02/7/2021 07:47

Tom Anderson is the Chairman of Dunraven resources. Just join up the dots. Simple. Circle oil coming back to the market through RTO of ORM

[imjustdandy] 02/7/2021 07:40

McMorrow is ex FD of Circle oil. He's a Director of Dunraven resources which has secured exciting assets through its now wholly owned subsidiary circle oil. Looks nailed on that Dunraven will be reversed into ORM.

[imjustdandy] 02/7/2021 07:27

Looks like Tom Anderson wants the Hugely Successful Circle Oil team in place here. I think he's going to get his way which will multi bag this share price from 1p. McMorrow was FD of Circle Oil. What this space as corporate action shakes up this sleepy management team.

[juju44] 28/6/2021 12:16

Enough is enough

[paulwinter10] 21/6/2021 12:04

Metals are at all time high. I would like to hear Ormonde's strategy for the next 3 years. I have held shares in Ormonde since in my 20's. I am now 61 and nearing retirement! I have read that we are due a major recession, and maybe we should wait with our cash to ride out the recession with a purchase then. The is a drive for sustainable and fair mining. I think we are well staying away from the Congo mines! I've seen many directors come and go, some very qualified and experienced. Kerr Anderson was a miner whom I admired, rip. kind regards, Paul Winter

[grimreaper2019] 21/6/2021 07:55

Cash now below 5m Euros, they have eaten through 1m Euros basically doing nothing, worse still they say acquisitions are now more expensive and they have lost 'competitive advantage' They still want authority to issue shares so their intent is to dilute equity holders, do you really think the major shareholders will allow them to do that ? Yet another AIM dog management team.

[p@] 21/6/2021 07:29

https://uk.advfn.com/stock-market/london/ormonde-mining-ORM/share-news/Ormonde-Mining-PLC-Annual-Report-Notice-of-AGM/85400270 So which way should we vote for the issuelng of shares this time?

[cantrememberthis2] 01/6/2021 09:17

Again Another Bagger in the making HTTPS://mobile.twitter.com/DeepValueHunte1/status/1399640795670630400

[juju44] 26/5/2021 15:10

They have missed the boat - all bargains have been gobbled up . Clueless

[cantrememberthis2] 26/5/2021 15:05

Initial Chips in 23% holder Playing blocking game Tax losses from previous years... Board clueless... GREAT

[cal57] 26/5/2021 08:23

The irony is he seemed concerned with how the deal was funded and dilution and look at the share price now after the deal fell through.

[cal57] 26/5/2021 08:20

Can only hope he knew what he was doing because on the face of it the deal was significant and exceptional for the company and shareholders.

[32campomar] 26/5/2021 08:01

Don't think he will be forgiven for blocking the Copper deal. As the BOD rightly make clear, lots of junior miners are now cashed up and as such there is much more competition for assets than there was 12 months ago.

[cal57] 26/5/2021 07:43

Nothing new in results.TA increased his holding which may be significant after the last deal fell through.Need to find a new investment opportunity sooner rather than later because the cash in bank is just being used on salaries and ongoing costs and won't last forever.