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Started: gotabesirius, 25 Mar 2024 09:50
Last post: Bizana, 25 Mar 2024 15:42
Very interesting investment with regards to Peak Nickel
Hi all,
Not that there is much to chat about other than speculate and do some digging on what we've ended up with...but is there anywhere else ORM now has some active discussion?
Thanks all and good luck.
Last post: tangletune, 7 Sep 2023 22:16
I’m with ii and they’ve confirmed I can trade these on AQSE now. Give your broker a call and they should clarify.
Hi all,
Hold some of these in IG and some in IBKR.
Anyone know if either of these will allow trading on AQUIS? I'll give them a call some time to find out officially. Just wondered if anyone had any experience of this situation before.
Many thanks:-)
Started: Iftekhar, 6 Sep 2023 22:12
Last post: Iftekhar, 6 Sep 2023 22:12
I have a few shares in my Trading 212 account
what will happen to them
currently locked out from trading them on that platform
any one with information
Started: Lngtimeholder, 4 Sep 2023 20:11
Last post: zebbo, 6 Sep 2023 19:52
Dont think they thought through the liquidity bit. Must now be trading at cash value again :-)
This price has halved on the back of hardly any trades. I hope to god Anderson has something up his sleeve. I wonder if they will remember the shareholders and keep us up to speed news flow.
Halved in price in 2 days.
Some going that. As you say no point in selling . I'm with you. Its gonna be a long wait i think.
GLA
Sure there is a plan,time will tell. No point selling now. Let's see what happens. Anderson has 25% and is way down, so all to play for
Personally written off the investment some time ago. B you never know
DS is a peasant who certainly owns no shares. For us shareholders, frustratingly I suppose we need patience to last out this market. An investment does not pay off in a single day. I must only hope there is a long term plan of ORM to make money for the shareholders.
Started: ThanksEurasia, 4 Sep 2023 07:30
Last post: Roguemale1, 4 Sep 2023 09:34
According to the RNS, we remain as ORM?
Should be interesting anyway-does anyone have a view on the direction of travel on re-opening?
Look like it could be. Interesting to see hothe story unfolds,. Anderson is likely to have a plan to unlock value. Just hope comms improve
Started: ThanksEurasia, 4 Sep 2023 07:46
Last post: ThanksEurasia, 4 Sep 2023 07:46
Started: Mclecky2266, 30 Aug 2023 07:24
Last post: flundra, 1 Sep 2023 12:32
Aquis seems to be a "designated recognised stock exchange" such that an existing ISA wrapper for ORM should survive imo, although HL won't confirm this to me atm.
Hopefully this chatboard will continue for a while at least although I'm not sure if LSE cover Aquis listings?
https://www.gov.uk/government/publications/designated-recognised-stock-exchanges-section-1005-income-tax-act-2007/designated-recognised-stock-exchanges-section-1005-income-tax-act-2007-v3
Just got this back from Hargreaves
Provided ORM application for listing on the AQSE is approved, I am delighted to confirm that your company's stock will indeed be tradable via phone.
this is from an rns
in the event that the cancellation resolution is passed and the admission of the company's ordinary shares to trading on aim and euronext growth is cancelled, shareholders will no longer be able to buy and sell ordinary shares in the company through aim or euronext growth. accordingly, the company would no longer be subject to the rules and corporate governance requirements to which companies admitted to trading on aim and euronext growth are subject (and accordingly shareholders will no longer be afforded the protections given by the aim rules or the euronext growth rules). davy will cease to be the company's nominated adviser and broker. there will be no formal market for shareholders to effect transactions in the company's shares following cancellation unless an alternative trading facility is put in place.
alternative trading facility
the board, in considering the investment, was mindful of providing shareholders with a mechanism or alternative arrangement for trading the ordinary shares.
accordingly, the board is actively pursuing the introduction of the ordinary shares of the company to an alternative **************. in this regard the company intends to apply to have its ordinary shares traded on the aqse growth market, a recognised growth market, based in london, subject to approval by aqse regulation. in the event that the company's shares are admitted to trading on the aqse, the company will be subject to the regulations and corporate governance of the aqse exchange.
Sorry but can anyone explain exactly what happens to the shares i have. Are they just lost !
Started: mijas, 26 Aug 2023 10:53
Last post: DeathStranding, 27 Aug 2023 20:35
Experienced traders are long gone from this, it's not been a trade for years.
Any views from experienced traders please
Started: Bizana, 22 Aug 2023 13:36
Last post: flundra, 25 Aug 2023 20:01
..and a trading platform Aqse.
GLA
Did anyone actually get the chance to vote. Still to hear from H/L about my voting papers.
Any news on AGM/EGM
Because it demonstrates what a cretin Anderson is.
Started: Bizana, 22 Aug 2023 13:33
Last post: Bizana, 22 Aug 2023 13:33
Mark Paul's face
Mark Paul
Fri Jul 3 2015 - 01:30
That ringing sound you can hear is possibly coming from the ears of Tom Anderson, the former chairman of Aim-listed Circle Oil.
The businessman this week received what could politely be described as a dressing down from Mr Justice Brian Cregan.
It came in a High Court judgment over a dispute concerning a stalled deal to open a Las Vegas-inspired nightclub on Dublin's Harcourt Street, which was to be financed by the scion of the Anderson cinema- owning family.
Grab yourself some popcorn and a bucket of soda. The judgment is a thriller, utterly fascinating for its level of detail about the approach to business of one of Ireland’s most publicity-shy investors.
READ MORE
Anderson was part of a consortium including radio investor Mike Ormond and publican Colin Dolan, which in 2012 approached former Pod nightclub owner John Reynolds about leasing the premises from him after the Pod shut.
The two sides fell out over the terms of the deal, including the building of a new fire escape, before settling a High Court case in 2014.
That settlement promptly fell out of bed when the deal wasn’t closed as arranged, resulting in another trip to the courts, which Reynolds won this week.
The lease is to be rescinded and Reynolds is to be awarded damages for breach of contract, after the judge found the Anderson consortium had made “an unscrupulous attempt” to leverage extra concessions from him.
In his judgment, Mr Justice Cregan said Anderson, the main financier of the deal, was the “key architect” of the consortium’s strategy in relation to Reynolds.
The beak expressed bemusement that Anderson had such a "strange relationship" with the consortium's solicitor, Simon Carty, to whom he had apparently never spoken despite being represented by him.
The judgment recalls how, under oath, Anderson explained why he didn’t want his own consortium’s solicitor to know anything about his finances.
“You’ve got to understand that Mr Carty has no idea what my status is,” said Anderson. “He has no idea whether I have funds or not and I don’t want him to know . . . I don’t want guys like that putting pressure on me ...”
Reynolds’s counsel asked what he meant by “guys like that”.
Anderson responded: “People who aren’t on my slate.”
Reynolds’s lawyer asked: “Are you telling me you don’t trust him?”
“He doesn’t know me,” replied Anderson.
The judge said this exchange demonstrated “how evasive Mr Anderson was in the witness box”.
The judge then criticised Anderson for having “scant regard for the discovery process” for delaying the discovery of documents relating to his finances.
“This . . . can only be characterised as a deliberate attempt to mislead the court,” said Mr Justice Cregan. “The extent to which Mr Anderson sought to mislead the court in relation to the payment of monies is clear.”
The j
Started: messer3, 22 Aug 2023 13:08
Last post: messer3, 22 Aug 2023 13:08
Circular is here: https://ormondemining.com/wp-content/uploads/2023/08/23-08-01-ii-Draft-CIRCULAR-OBH-BMM-BT-06.00-FINAL-FINAL-CLEAN.pdf
So, management originally said that it would delist Ormonde and seemingly rely instead on TRU's listing on TSX Exchange (30th June circular). But TRU is now proposing to cancel this listing in favour of a listing on a different, unspecified Canadian exchange (page 6 of 31st July circular). Meantime, Ormonde itself is going to delist from AIM/Euronext and has applied to join the AQSE market. All very confusing and a bit like 'musical chairs'.
Also, very unclear as to what happened to the original proposal to increase Ormonde's stake in PNL from 20% to 50% in order to effect a RTO. This has now been shelved by the proposed investment in TRU. Finally, why is management investing CAN$3.0 mln in TRU at 0.05 per share plus warrants (at 0.075) when TRU's share price stands at about 0.03.
Thanks.
Contacted them this morning.
If your shares are on a platform you won't get a circular. You'll need to contact your platform if you want to vote.
Nothing recieved
Where are the papers for the agm, anyone had anything?
Application went in for AQUIS listing yesterday....
lse.co.uk/rns/aquis-stock-exchange-application-for-admission-announcement-b83mz1qjgq80qou.html
Started: zebbo, 30 Jul 2023 09:53
Last post: Bowlers12, 7 Aug 2023 21:34
Long term Ormonde great investment
Poor company Ormonde Hl have even stopped my holding on it
They need to update on AQSE if AIM's out. It's an important part of the equation.
DS , are you invested here ?
Guess you can express your approval for making this already bad investment uninvestible at the upcoming EGM.
Started: Brucebanner, 27 Jul 2023 18:30
Last post: flundra, 29 Jul 2023 14:06
I get that ORM is heading for de-listing from AIM, but TRU and exercising the Peak option would be RTOs enabling AIM relisting. Not proposed sure, but it would still be the preferred route imo.
DS you voice the fear we probably all have, but I'll take the Aqse proposal and promises of future professionalism, regard for liquidity for shareholders etc at face value for now.
Zebs is it really ÂŁ100k just to relist a ÂŁ5m ish mcap on AIM in these circumstances? Seems a lot, and perhaps justifiable anyway now there's a couple of projects going. They happily sucked up the annual AIM fees for ages whilst having no live projects.
Flundra it's not eligible for AIM, hence the delisting. You'd have to wonder then if it is not eligible to trade on AIM why it would trade on any other market. It won't go on aqse either, that's just fluff to appease shareholders. They already have all the votes they need
AIM is c100k, AQSE looks to be c20k, so way cheaper. I would like to see what happing at Peak. Dont they owe us some drill results.
All said, Im sure TA has a plan to grow the value of his 25%
Good to see they're at least thinking about liquidity and trading, maybe they've been reading this chatboard! But they need to sort it like yesterday particularly if they want votes. They're addressing this too late. And I'll be the judge of whether they have integrity and standards. I query why Aqse too. Just relist on AIM. It won't be a huge cost difference, it's easily done. There's also Peak and the legacy Spanish stuff. Where's the ambition?
It's easier for them to let others take the exploration risk....
Lets hope it's a success, otherwise we'll struggle to see a return. I would imagine there'll be a surge in TRU share price when exploration starts post deal completion. If they can replicate Marathon's results this will be worth many multiples of current valuation. Let's hope that ORM screening process was as vigorous as they conveyed!
Orm will probably need to exercise their warrants to maintain 36% plus given the number of warrants outstanding, however i note that management have left enough cash/receivables to cover this conversion in future.
Started: miningmadman2023, 23 Jul 2023 16:59
Last post: tangletune, 24 Jul 2023 19:23
Are you invested DeathStranding ?
Bended truths? It gets delisted in 2 weeks.
Deathstranding, not sure who is listening. There are only about 5 people who ever visit this board, whats the point of spouting bended truths here....weird
Are you invested here DeathStranding ?
There will be no suspension purgatory. It is being delisted, so private purgatory, with a minority shareholder controlling the business.
Started: tangletune, 10 Jul 2023 08:43
Last post: cekim, 19 Jul 2023 07:16
Must be due an update soon.
Directors have a fiduciary duty towards shareholders. Shareholders don't have any duty towards each other. All current directors were appointed by a single shareholder, and that shareholder overwhelmingly controls voting. Good luck staying positive. Only a few days left here anyway.
Good Post Blueshirt, I'm of the same opinion that any move must be to the benefit of all shareholders.
They RNS'd recently about rewarding patience and delivering shareholder value, so as a LTH I remain quietly confident of a positive outcome.
Last post: Blueshirt, 10 Jul 2023 07:50
You seem to suggest there is some great underhand attempt to steal the company here.
But can you explain then how does TA intend to get any of his money back from this course of action?
He currently holds 25% of the shares, bought and paid for at a price many multiples of todays.
His interests must be aligned with all other equity holders, we all have the same rights and entitlements don't we.
There aren't any superior creditors or debtholders involved. Or what am I missing here?
No mention in TRU's announcement of any form of transaction beyond Ormonde becoming a shareholder and "Control Person"
https://www.trupreciousmetals.com/news-page/tru-announces-proposed-cad3-million-strategic-investment-from-ormonde-mining-pl
Are they effectively going to run off with our shares as we will not be able to trade them.
Mmmmm yes I'll cling to my hopes for now but fear you're right. Seats on the TRU board and the influence of substantial shareholding effectively enables ORM to rely on the TRU listing and there's no indication of merger/combination anytime soon or at all...it does point to ORM going private for the medium/long term. Money for such pojects will be needed in short order too which will likely come from placing on unfavorable dilutive terms for existing small shareholders. Generally the way.
An off market trading facility is also probably wishful thinking, too expensive for too small a market. It'll likely be hard for little guys to exit.
Oh well, let's see what the details announcement comes up with.
Well the facts are otherwise but you are intent on remaining hopeful so good luck to you. The clock is being deliberately run down to automatic delisting on 7 August after which it will be sayonara, no more RNS, no more entertaining chats on here, and the failed cinema owners in charge here will only do the minimum required by Irish company law for shareholders, maybe.
Started: gotabesirius, 9 Jul 2023 13:48
Last post: gotabesirius, 9 Jul 2023 13:48
Nice interview with TRU on Proactive Canada.
Not sure what Death's motivation is on here but I disagree with their narrative. I also think there's another piece to this jigsaw yet to be announced. Let's see....
Started: tangletune, 4 Jul 2023 07:28
Last post: tangletune, 4 Jul 2023 07:28
They can’t just cancel our shares.
We will have to vote on any resolutions.
I can see ORM offering shares in TRU in Canada as part of the deal.
Either way , we will have to vote
Started: Sas2020, 3 Jul 2023 15:55
Last post: cekim, 4 Jul 2023 07:12
What about the other 75%. What is the point of voting if they're only counting 25% of it.Are you invested here or just making trouble.If you are what can we do to stop this.
Of course it will. There is a 25% shareholder who controls the vote and the board. Besides, all they have to do is wait until 7 August and trading gets cancelled anyway, no need for a vote.
Well i somehow don't think that will be passed by the shareholders when it comes to a vote. Do You ?
Nothing. You'll have shares in a private investing company that you can't trade.
So what will happen to our shares ?
Started: Lngtimeholder, 30 Jun 2023 21:36
Last post: Nicubias, 3 Jul 2023 12:46
Read comments on ADVFN and you seem to be fixated with Aberdeen Minerals. Why ? Peak Nickel and Aberdeen are not even remotely related.
We're still waiting for Chris King at Peak to release drilling results. Hopefully, they are better than the low grade hits reported by Aberdeen.
Why are you bothered?
No they don't. Cancellation of trading is the default position after 6 months of suspension, which is 7th August.
TRU has been trading at 2.5c, but we are paying 5c per share? They have been on a 2 year trend of value destruction from 25c to 2.5c. Our board with zero geological experience is supposed to turn it around? Two minority shareholdings in no hope companies is not a compelling case, no evidence of any plan to provide shareholders with any prospect of future value or liquidity. Thomas Anderson should have been forced to buy us out two years ago when he took over control.
Well they need 75% of the vote to delist so it will need to be a compelling case made.
TRU trades in Toronto so we will still have market rules in place to protect our investment won't we?
Really.
What will happen to our shares after that?