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This looks to me like a tie up attempt with
Oriole and arranged by o donoghue and the carolls before they resigned
Cityal you sound to me like a member of the board (maybe a moneymore 2 )character
You are fooling no one with your rubbish posting
This board has nothing but lame ducks in my opinion
Paul caroll your chartered accountant was the idiot in charge of finance who oversaw the financial mess that destroyed shareholders value frazer Was no better in the geology and as for the new directors are concerned look at oriole share price since January
We need a takeover by a compent board if ormonde is to have any chance of survival in my opinion
Tim dose not seem to have done much with Oriole resources
It was trading at .62p in January and now trading at .36p
With a market cap that is lower than ormonde
He may want our ormonde cash to fund oriole
We need someone who can create shareholder value
This board looks to me like more lame ducks put in by donoghue alias (moneymore 2)and the carolls who have a track record along with jobe from Davys of destroying shareholders value
In my opinion someone needs to make a takeover of ormonde before the $6 million goes the same way as before
As long as ormonde has an idiotic CFO the $6 million will go the same way as before that’s why the share price is where it is
Nobody is stupid enough to think otherwise
Absolutely disgraceful
Ormonde new management has not learned the lessons of the past
Paul caroll is still CFO
This is the idiot who oversaw the financial demise of shareholders money in the past and now they have given him another $6 million to squander
Unbelievable
Ormonde new management has not learned the lessons of the past
Paul caroll is still CFO
This is the idiot who oversaw the financial demise of shareholders money in the past and now they have given him another $6 million to squander
Unbelievable
Paul caroll CFO and son of john caroll now retiring needs to be removed from the company
As CFO he oversaw the financial demise of this company
It’s hard to see how he can play a constructive role going foreward
If this company is to have a future and in my opinion we need a professional man to control the money and not to destroy shareholders value as this board of which he is part of has done to date
Paul caroll CFO who is the son of john caroll also needs to be replaced as his accounting seems to have been way of budgeting for the project
Shareholders need to clean out this incompetent board if it is to have any chance of survival, Also If he is not removed as CFO from the company I would suspect he will be looking after his fellow directors when any shareholders money comes in
That my opinion
Any replacement directors proposed by the ormond board should be rejected by shareholders
We don’t want their nominee directors
It would be a case of the blind leading the blind
https://www.morningstar.co.uk/uk/news/AN_1580145939281914000/ormonde-chair-donoghue-to-step-down-after-barruecopardo-exit.aspx
Rumor has it that Tom O’Gorman is delighted that donoghue & Carrol have been shamed into resigning from the board of Ormonde - they were told 15 years ago to stick with gold assets by O’Gorman who went on to sell cove for $1.9B - I haven’t posted here in a few weeks but where have all the rampers gone who seemed to know so much a few weeks ago ? If anyone ever sees Donoghue or carrols name appear on any board my advice to any investor is to stay well clear if they don’t want to loose their money like they did in Ormonde
I think people are just missing the point here completely - this board needs to go - the current price is nearly irrelevant, this company will now have circa 6m cash in the hands of an incompetent board who has already decimated all the value that was previously here - 45m shares traded at .5p any shareholder with this amount of shares obviously has a very good knowledge of the company and they also didn’t feel 1p was likely to come here today if they did they wouldn’t have sold
Faze 1
You dont get it
Decent people have been ripped off here and now it’s time for the vultures to pick the bones
And gloat at these unfortunate investors
I am not saying anyone is an idiot buying in at 60 although with this board in charge who knows
Time will tell
What I am saying as a long term investor in this company at 12p is that
Anyone who paid 12p should be offended to be told 1p is a great price by a speculator in for a punt
I believe tom o gorman has a very large shareholding and I am sure he is livid with this board of incompetence
Also tom Anderson to my knowledge still holds over 10% of the stock
Job and Davys are not looking to smart having supported this board
Woopee a penny tomorrow
We poor shareholders paid twelve pennies
No shortage of idiots here
Shareholders need to wise up and act at the EGM in February and have a vote of no confidence in this management team
Donoghue and the Carroll’s have never delivered anything but failure so how in gods name can they develope our gold assets or indeed anything else
They have to go now or this company is doomed
Anyone who thinks this board can lead the company foreward after giving away a world class mine is living in fantasy land
I also wonder how Tom Anderson feels about all of this he owns over 10% of the company and must be furious with the way this has been handled.
You can be sure they will keep enough for their high salaries
They have no where else to go
Shareholders need to kick them out and soon
No company can afford theses idiots and survive
Mr smart was right years ago
Donoghue and Carroll are the worst directors ever
They sold shareholders down the river to keep their high paid jobs while shareholders have lost nearly everything
Tom O’Gorman was right in an article in a Sunday press story
He said ormonde was his worst investment
He made his shareholders a fortune with cove selling for 1.9billion while the Ormonde boys lost their shareholders a fortune and have now turned 15m funds raised into a negligible 4million market cap through their incompetence.
The money left in the company will go to fund the directors salaries until they waste it too
I wonder would O Gorman take control of the company and work his magic again ?
These guys are losers in my opinion
Money more 2 must be pleased with another failure to his credit after avocet mining where he was a director plummeting from circa £2 to 13p today.
This board needs to be removed or share holders can wave bye bye to their 6 million in cash
Newtofo - Couldn't agree more with your post, Ive been thinking of topping up more myself on Monday - Looking at this very simply the downside is a few pence in my opinion with the upside possibly huge but I think it will at least go back above our previous highs of last year, Just allot of waiting to do between now and when we see this thing taking off