Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Thanks for the best wishes Multibagger1. Unfortunately our worst fears have materialised. Oh well we move on.....I'll take what I can before the BoD take it all. We all make some bad judgements every now and again, this has to go down as one of my worst. I should have seen the writing on the wall!
I'm trying my hardest to tell myself the placing is for something more than just keeping the directors beds feathered for a few more weeks but to be honest, based on this companies performance over the last few months, nothing surprises me anymore. I stand to lose, what to me , is a substantial amount of money on this share. I've been dealing AIM shares for a while now so am used to the highs,the lows and the risks and wouldn't be here If I didn't enjoy myself but this company takes the biscuit. Here is to Hoping my worst fears are completely incorrect!
http://online.hemscottir.com/ir/orm/ir.jsp?page=news-item&item=1183909882652888
RNS Number : 6434O Ormonde Mining PLC 15 October 2012 15 October 2012 Ormonde Mining plc ("Ormonde" or "the Company") Update on Zamora Gold Project Ormonde advised in its interim results issued on 27 September, 2012 that drilling at the El Facho and Peralonso Prospects, the subject of the joint venture with Aurum Mining plc, had delivered encouraging results and that further drilling is now underway at Peralonso. In relation to the El Facho Prospect in the Zamora Province of western Spain, Ormonde wishes to advise that our joint venture partner Aurum Mining PLC has today issued the announcement below. Kerr Anderson PhD EurGeolPGeo, Managing Director of Ormonde Mining plc, and a qualified person as defined in the Guidance Note for Mining, Oil and Gas Companies, June 2009, of the London Stock Exchange, has reviewed and approved the technical information contained in this announcement. Enquiries to: Ormonde Mining plc Kerr Anderson, Managing Director Tel: +353 (0)1 8253570 Bankside Consultants Simon Rothschild Tel: +44 (0)20 7367 8888 Mob: +44 (0)7703 167065 Murray Consultants Joe Heron Tel: +353 (0)1 4980300 Mob: +353 (0)87 690 9735 Ed Micheau Tel: +353 (0)1 4980300 Mob: +353 (0)86 803 7155 Davy (Nomad / ESM Adviser) Eugenée Mulhern / Roland French Tel: +353 (0)1 6796363 Fairfax I.S. PLC (Joint Broker) Ewan Leggat / Katy Birkin Tel: +44 (0)207 598 5368 "AURUM MINING PLC ("Aurum" or "the Company") Pino de Oro - Further large gold target identified Aurum Mining plc (AIM: AUR), the gold and tungsten explorer focused in Spain, is pleased to provide the results from the soil sampling programme that has been carried out on the Pino de Oro ("Pino") permit area in North West Spain. Previous work on the Pino permit area has focused on the "El Facho" structure where drilling to date has enabled a preliminary non-compliant resource estimate of some 122,000-145,000 ounces of gold at average grades of approximately 1g/t. * The recent soil sampling programme was undertaken in an attempt to expand the potential resource on the permit area through the identification of additional mineralised structures in close proximity to El Facho. Highlights of the Soil Sampling Programme · A major new gold target ("Manton de Roble") with two main anomalous zones has been identified 500m to the north of El Facho. · The target is potentially an extension or a repetition of the El Facho structure and, if looked at in conjunction with El Facho, could significantly bolster the size of the opportunity at Pino. · Anomaly 1 is North-East trending with a strike length of some 400m when contoured at 250ppb gold. In the main section of the anomaly, there were consecutive values of 651ppb, 1,185ppb, 937ppb, 487ppb and 622ppb from samples 20m apart.
I've been buying these for a while now and at these prices it's a bargain IMHO. This company seem to be well managed and have a good feel about them. Interesting list of declared major shareholders, there some nice to haves in there: "The Company has been informed that, in addition to the interests of the Directors (see below), the following shareholders own 3% or more in the issued share capital of the Company as at 17/09/2012. See News for any recent changes. JP Morgan Asset Management (UK) Limited: 6.76% Jupiter Asset Management: 6.01% BlackRock Inc: 4.99% Fidelity International (FIL Ltd): 4.22% Saracen Fund Managers Limited: 3.35% Lynchwood Nominees: 3.09%
I've been holding these for a while with nothing but a little downward movement for a while and then last week they sprang into action. +4.31% Today. Glad I kept them in the portfolio! Little else I've got is doing me any favours.