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Absolutely agree chromeinvestor.
Allied to the key points mentioned must be the added benefit of location (of our resources and prospective mine). Its domicile within one of the world's most favourable environments for mining, coupled with our JV with a major miner whose HQ is also in Australia more than just ticks a couple of boxes.
Also, the fact that Australia, along with many other countries, are showing significant economic stress arising from the Covid pandemic and thus with increasing unemployment, I would doubt if its tax system would be altered in any way to threaten further development and Capex etc.
We should not be blind to such risks but realistically the Aussie Gov are well aware of the strategic importance of mining.
Altogether, a world away from Regimes in other parts of the Globe where Nationalisation (aka Sovereign theft) of assets paid for by others is regarded as some kind of legitimate Business Plan.
With GGP and a Management that knows what its about, we have a lot to be thankful for.
...after more years than I can actually remember, I have exited my Orm investment.
I had run it down in recent times and whilst I am not wonderfully happy at losing just about all my cash here (hard to believe this stock once traded over 10p based on little more than hope), also sad for many of the genuine original participants in Orm.
Never the same since the late Kerr Anderson died some years ago - now he was a genuine CEO who would speak to you PI's direct. Other shareholders may have different views in particular with regard to a certain opportunistic takeover approach but I always regarded KA highly. A thoroughly genuine guy. There is no comparison to be made with the existing Exec incumbents.
As theoldbee said, I am probably (also) leaving just before news breaks. So be it.
All the best to new and lth's.
B
Clearly I am absolutely useless at this 'topping up' game. Thought I had a bargain yesterday and then what does the SP do......
When I am on, many many thanks to the very informed contributors to this bb. You know who you are and if even half the punters on here make the millions oft referred to, we should organise a public round of applause for them......as well as a few drinks of course.
All the best.
UK Investor - as a broker, I am sure you absolutely right. My previous involvement with them was in connection with a corporate aquisition (not with my money!)
Wholeheartedly agree UK Investor - even if our BoD were in tge midst of negotiations to buy another asset/entity etc., you would have thought it a good idea to leverage their existing assets to maximise their SP.
A bidders capital position is more than a tad important in potential acquisitions, if they were ever genuine in their pursuit of such.
Nevertheless, assuming TA has a quite different endgame in mind, his advisors should still ensure he achieves the appropriate return from his capital play which could just benefit the wider shareholders.
I have to say my original investment in Orm many years ago was influenced by the involvement of Davy as corporate advisors and latterly as Nomad, whom I had dealings with in the past. They were impressive then but IMO they have been largely invisible in recent years.
Lets hope things can only get better........
You would have to think 'something' is happening behind the scenes (beyond squandering the sale proceeds from Barruecopardo) and clearly TA's significant and increasing shareholding is a fairly obvious area for speculation.
So, despite the oft voiced criticisms of the BoD's performance (with justification IMO), they must surely be close to issuing some sort of public announcement on the way ahead, even if it is only their collective resignation.
Corporate governance comes with significant responsibility, not that we should need to remind our BoD of that.
Well said DInoken.
All sounds a bit like the rubbish spouted by the Directors when the 10 : 1 share consolidation was announced.
It really worked (sic) - today's SP is equivalent to 11.5 pence pre-consolidation. That tells its own story.
Bl**dy H*ll Heid! And thats a top up?
Clearly, I'm out of my depth here.
I wish my loss here was only 65% UK Investor......in truth its a lot higher.
Orm is/was not alone among my AIM 'investments' which have lost me substantial sums over time and whilst I was a lot more successful a number of years back, things have gone a bit downhill over the past 10 or so years.
So maybe if you see I'm invested anywhere, perhaps not the best indicator you want to see if you are looking to profit (as I guess we all are).
All the best.
B
I do hope you are correct MM.
As a lth, all I am now looking for is a reasonable exit on my residual holding here. I have long ago kissed goodbye to my original investment and its resulting huge loss.
Best of luck.
B
There were times when being an Ormonde shareholder was actually quite exciting........ unfortunately this isn't one of them.
My investment decisions are driven by research, fundamentals as well as an ear to the better informed posters.
For many many years, it has not produced the sort of results I was hoping for and while this has improved of late (no doubt in line with the wider market), it is pleasing that my investment here is motoring nicely.
Thank you UJO.
Despite my previously expressed unease at retaining my full holding in Clon, needless to say the recent modest increases in SP have helped greatly.
Todays more robust increase (thus far), really does give a hint of what this SP might do once Ratification is received.
With T Anderson's latest increase in his shareholding, he is clearly not just seeking greater influence within the BoD, but to guide its future direction. His nominee last month (B Timmons) was after all to 'add perspective to the Board as it seeks to develop its business'.
Whether this direction differs greatly from Ormonde's current business is of course open to speculation but with no current BoD members holding shares and no other material individual shareholder (listed), whether TA needs outright control to achieve his objectives is debatable.
The existing gold interests Orm have failed to achieve any buyers previously and whilst gold prices have firmed considerably since then, I get the impression that the current re-evaluation of these by the BoD is merely a stalling tactic to deflect attention as the power play works its way through.
As has been mentioned previously, Orm's current AIM listing coupled with its cash from its Barruecopardo debacle was always going to be an opportunity for someone with vision to exploit.
The fact that nothing by way of alternative proposals have crystallised in c5 months since the exit from Barruecopardo (albeit acknowledging the difficulties caused by Covid 19), hardly suggests a dynamic within our BoD. LTH's holders know this only too well.
When there is a vacuum you can be sure someone will soon fill it........I just wish they would get on with it!
From my experience, the biggest problem is common to most AIM stocks, and that is the real difficulty PI's have in securing reliable and detailed information about their investee co.
Its truly a world away from a FTSE presentation when management data and all kinds of financial information can be made available. As well as the chance to question senior execs.
So the kind of vacuum that AIM investors operate in tends to result in (some) people placing much too much reliance on bb opinions for example.
If we are all as naive as that, maybe its little wonder why you constantly hear of people being taken in by all sorts of scams.
As others have said, you have to at least attempt to do as much of your own research as possible allowing you then to evaluate the 'worth' of any contributions you may read on a bb.
Surprising as it may seem, there are some very informed participants if you can only just identify them.
I think that prospective investors are beginning to realise that the last 'requirement' before this share re-rates could happen in the very near future.
Amidst the Covid lockdown and embargo on travel, I admit to having voiced doubts whether I could continue to justify Clon as one of my larger investments but a lot of strong and sensible contributions on this bb reinforced my own research. Those contributors have my thanks.
I am now actually considering a further top up to lower my average sp before it rises much further.
All the best.
If we believe that the UK has basically got to revert to what it is/was good at, then manufacturing and heavy industry has to play its part.
For too long these areas were abandoned to other countries' subsidised entities which over time were allowed to eclipse the UK's former areas of success.
As we emerge from the Covid induced shutdown of our economy when allied to the increased risk of a no deal Brexit, it provides the Powers that be of a once-in-a-lifetime opportunity to really do something different. Lets face it, they have little alternative.
Rightly there will be focus on the sexier elements of the economy such as biochemistry, hi tech etc., but there is a place for the INFA's of this world, and I think this is finally being recognised.
Jobs and industry across the country have to be diversfied in order that we don't become over dependent on certain sectors or countries (via raw material supplies or components etc).
As islands, you would think it common sense we should be building and repairing ships and other maritime capex. instead of always relying on others.
So I believe this time around, INFA will get the support of Gov funds. Timing as they say is everything and whilst noone would have chosen to launch in the midst of a global pandemic, this could actually be their deliverance.
Apologies.....it wasn't meant to sound like a political broadcast.
And, to be fair, it is justified given the position Boil has won for itself.
Not only that, the transparency of the value to our Co and potentially the very short timescale in which a deal can be done here, for me, really sets this opportunity apart.
I've been involved on and off with this Co for many years (in its previous guises etc), but this latest opportunity is in an altogether different league to what has gone before IMO.
All the best.
B
I accept it may be futile, but I hope everyone will be raising issues to be aired at the forthcoming AGM. Theres little point in venting concerns on this or any other BB without at least making the effort to put your questions to the BoD.
C'mon, lets surprise ourselves and create some waves. Who knows where it may lead?
Maria Bravo at Rur is coordinating matters.
All the best.
B
I think people are beginning to realise this is not just another 'pump and dump' stock, but one which has a very good story to tell.....and it shouldn't take long for it to really start producing a very juicy newsline.