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Hopefully TA will let us know soon enough what the plan is, whether it be Dunraven, Karelian, Conroy or something else . . . should not have to wait too long as should have been in place already and hopefully we'll see some SP appreciation!
Still waiting for the new boys to deliver something…
Just some kind of plan would be good.
However, if they are looking at a RTO, they may not be wanting to talk the share price up. Think RDGC, and they literally had to RNS stuff to walk the price down to deal level.
It's not a bad thing potentially if you're a LTH, but it's a theory as to why so quiet still.
GLA
I think we are entitled to hear something substantial about the plans for ORM and any new projects very soon, so come on BoD! Let’s be having you, and a decent RNS and SP rise. I also think the honeymoon period for this new BoD should be short. Copper prices are shooting up, and it was Anderson’s refusal to approve issuing equity that prevented the ROC copper deal, put together by the previous BoD, from proceeding. That project and the ORM SP should have been flying by now, so Anderson and the new BoD owe us shareholders a good plan B in short order. There’s a huge question mark over Timmons particularly imo, an Anderson nominee and now the only surviving BoD member from before. WTF was he doing sitting on the previous BoD pursuing ROC, whilst effectively knowing it was doomed all along!
flundra, I think we will be lucky if we hear anything this side of Christmas, unless it is just the BoD telling us which of Andersons other companies have taken the cash out of Ormonde.
There can't have been too much for the old BOD to handover following their departure. Shareholders deserve an update soon and shouldn't have to wait until next year to find out what the plan is!
Think all are expecting too much from Mr A too soon ...I don't know him- just met him at AGM. He talks sense..Give him time ....gave last crowd 20yrs...& nothing..Fingers crossed for the future ...ORM used to be 17p once drifted and drifted took years to reach 1p...With the fight deal it should come back
OHH why have LSE changed the way discussion boards are presented, this is almost like what iii did a few years ago ( tho not as bad) .... you don't fix something that is not broken!
The current board - that resigned - "will complete their duties on the 31st of December 2021"
With that in mind, I think you may be right regarding not hearing anything this side of Christmas unfortunately.
I think we may slip back to 0.8 support line in the meantime. Not that it makes any odds as nobody is trading this whatsoever at the moment.
GLA
Im quietly adding under 1. I expect the current board are doing very little and will just be "working" out their notice. The new board will no doubt be lining up the ducks for a RTO or similar
The old Board are no longer in place. Livesey was voted out by Anderson at the AGM, so he could gain control, and Brown resigned the same day. The new Board have been in place and in charge since the day of the AGM. Not a peep out of them…
The Management are working their notice.
They just got there- after years of nothing..... Give them some time
I think you’ll find it was 18 months of inaction created by a majority shareholder who didn’t agree with anything proposed by the Management and Board. Management was new (within 2 years?), Board was similarly relatively fresh (18 months?).
Board should have held more shares...that would have solved everything...Now the ball is in Mr Anderson's court
What’s going on here then guys? Seems very quiet. Keen to hear from you Mr Anderson? Hellooooo
I reckon when news finally lands the SP will motor. Mr A has a plan and all will be revealed soon.
Today would be a good day to put a rocket up the BoD (with the blue touch paper lit). We need to hear from them.
Radio silence. They have no plan other than using the investors money for their own purposes.
Options in lieu of fees, good in principle at this stage imo
Where did you see that flundra ? No news / announcements.
The RNS 19th Nov.
sp dropping… any strategic direction from the new Board? Two months in already, thought we would have seen something by now.
Ormonde announces that the Directors of the Company have, for the time being, elected to waive their entitlement to directors' fees and to grant share options to certain directors and employees....This is positive in my view shows the company has plans. Mr Anderson is a man that can make things happen.
Im convinced there will be an RTO. Lets not forget MrA would not let the BoD dilute current shareholders. He is also keen to see value realised
I remain a holder here, this is defo not a crowded trade and happy to hold for as long as needed
Finally some news and positivity.