Here’s what we are waiting for. .....22 Oct 2020 10:52
Jonathan Henry, Ormonde's Chairman, commented:
"Having completed the disposal of our interest in the Barruecopardo Mine for a €6 million cash consideration, the principal focus of the Company has been on the identification of a compelling resource opportunity.
In this regard, I am pleased to advise that the Company has recently signed an exclusivity agreement, and commenced a due diligence process, in relation to what the Board believes to be an exceptional resource opportunity. We very much look forward to advancing diligence on this new opportunity towards completion of a transaction, the aim of which is to create substantial value for shareholders, and we look forward to updating shareholders on progress in this regard, in due course."