Ormonde Mining Share Discussion Threads

[diamond_mountain] 24/4/2023 13:20

No mention of Peak Nickel.

[gotabsirius] 24/4/2023 10:09

North east Scotland

[diamond_mountain] 21/4/2023 16:15

Drilling where 1234Gold?

[paulwinter10] 21/4/2023 09:04

Try a bet on the €100m euro lottery tonight! Or join my syndicate! Kind regards, Paul Winter

[1234gold] 20/4/2023 21:13

Peak Nickel have been drilling apparently, so perhaps there might be some results soon.
The deposit was discovered years ago and was very low grade, so I'm not holding out for much.

[chassiemodo] 12/4/2023 08:53

According to the small print reading over the last RNS in Feb it could take up to 3 months of negotiations so we are probably looking towards middle or end of May before we hear anything.

[lookingforhelp] 11/4/2023 21:18

What, you saying you don't trust Chris King ?

[paulwinter10] 11/4/2023 16:40

I beginning to think I will diversify from Ormonde and buy the €65m euro lotto ticket to get a better return! Kind regards, Paul Winter.

[paulwinter10] 22/3/2023 15:48

Any news of a breakthrough? When will Ormonde be back to being lised on the stock exchange?

Is this good money management?

Kind regards,

Paul Winter

[lookingforhelp] 22/3/2023 08:47

Why does Peak Nickel not have a working website. That's a bit weird.

[lookingforhelp] 22/3/2023 08:45

Definitely worth checking into the background of the Peak Nickel CEO. Apparently he was active in Africa...Namibia or Botswana.

[lookingforhelp] 13/3/2023 12:55

anyone know anything about the CEO of Peak Nickel ?

[gotabsirius] 07/3/2023 15:53

Drilling as we speak. See LSE

[chassiemodo] 07/3/2023 09:25

Uno Montho Gono. One Month Gone

[chassiemodo] 07/2/2023 21:31

Share trading suspension, now we wait and see. Hopefully will be successful so let’s keep the faith

[chassiemodo] 07/2/2023 11:59

So shares suspended on negotiations over possible buy in partnership. Well at last we have progress hopefully it will be positive only time will tell.

[the chairman elect] 07/2/2023 10:53

SP Angel . Morning View .

Ormonde Mining (ORM LN) 0.6p, Mkt Cap £2.84m – Peak Nickel investment and suspension of listing on possible RTO

Ormonde has taken a 20% interest in Peak Nickel Ltd, a battery metal mining explorer, for £450,000.

The agreement gives Ormonde an exclusive option to either invest an additional £4m in cash for exploration work, taking Ormonde’s interest to 49.9% or, acquire the remaining 80% of PNL through a share issuance of PNL stock to Ormonde.

Ormonde’s initial investment into the Company will be utilised to drill c.1,350m of diamond core drilling, which PNL expects will support the completion of a code-compliance resource estimate.

As a result of Ormonde becoming a cash shell in October 2022, AIM Rule 14 requires the Company to announce an acquisition or acquisitions sufficient to constitute a reverse takeover.

If Ormonde takes the option agreed with Peak Nickel, it would satisfy the reverse takeover transaction. As a result, Ormonde’s shares were suspended at 7:30 this morning.

Shares will remain suspended until either the necessary readmission documents have been submitted or an RTO transaction is approved by shareholders.

[cal57] 07/2/2023 09:06

Ye thanks had a look on there but was looking for operational information.

[bibdaddy] 07/2/2023 08:23

https://find-and-update.company-information.service.gov.uk/company/10809516

[cal57] 07/2/2023 08:20

Can't find any relevant information on Peak Nickel Ltd.Let's hope it turns out to be a better deal than the ROC transaction that was rejected and sunk the share price At least we still have £4m in the bank after the 20% initial investment.

[bibdaddy] 07/2/2023 07:04

News at last of a potential RTO