Ormonde Mining plc (LON:ORM)

Ormonde Mining plc (LON:ORM)


Share Price
4.75 p
Change
0.15 (3.26 %)
Market Cap
£22.44 m
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Ormonde Mining plc

Ormonde Mining Plc is an AIM & ESM listed mineral resource company which is developing mining projects and carrying out exploration in Spain.

Ormonde's key activities:

The Barruecopardo Tungsten Project - Ormonde, as Manager, is currently developing this premier tungsten project, together with it partner Oaktree Capital Management (30%:70% respective interests). Commissioning is...

EPIC: ORM
Market: AIM:ORM
52-week High/Low: 6.26p / 1.80p
Sector: Mining
Market Cap: 22.44M
Website: ormondemining.com
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Big picture - Why invest in Ormonde Mining plc


Ormonde Mining plc Snapshot

The name Ormonde Mining was derived in 1996 when the company was based in Kilkenny, Ireland. Kilkenny, the only inland city in Ireland and the capital of Ireland for the Gaelic-Norman side during the Confederation - Parliamentarian wars of 1641-1653, was the seat of the Butlers, the Earls of Ormonde and the company name was taken from this head office location.

 

Ormonde was one of the three kingdoms of Munster, as is depicted by the three crowns on the coat-of-arms of Munster (as shown on the Munster Rugby Club coat-of-arms), the other kingdoms being Desmond and Thomond (as in Thomond Park). These three names, Desmond, Thomond and Ormonde are anglicisations of the Gaelic names, Deas Mhuman, Tuadh Mhuman and Urh Mhuma, which translate, respectively, as South Munster, North Munster and East Munster. Deas Mhuman (Desmond) was originally the kingdom of the MacCarthys, while Tuadh Mhuman (Thomond) was the seat of the O’Brien’s, both kingdoms eventually being subsumed  into the Earldom of Desmond , (the seat of the Fitzgerald’s), and the Earldom of Ormonde, (the seat of the Butler’s).

 

Consequently a direct translation of Ormonde Mining Plc would be “East Munster Mining Plc”.

 

In completing the background it should be noted that the name Munster derives from a pre-Christian goddess, Muma. The full English name incorporates the original Gaelic, together with the Norman suffix "-ster", which is related to the modern French terre, meaning "land".

 

FOR MORE INFORMATION PLEASE CLICK HERE 

OUR MANAGEMENT TEAM

Mike Donoghue

Non-Executive Chairman and Interim Managing Director

A mining engineer by profession, Mike has wide experience in the evaluation, funding, development and operation of mines in Europe, Africa, South-East Asia, Australia and the Americas. His executive management experience includes an eight-year period as General Manager – Operations for Delta Gold NL, Australia. Mike was appointed Chairman of Ormonde in April 2004 and is also Chairman of the Remuneration Committee and a member of Audit Committee.

Paul Carroll

CFO

Paul is an experienced Chartered Certified Accountant with ~7 years experience in the mining sector in the areas of corporate development, finance and investor relations. In his initial role as Ormonde’s Corporate Development Manager, Paul played a lead role in discussions and negotiations in relation to the financing of the Barruecopardo Project and was subsequently appointed to the role of CFO in 2015. Prior to joining Ormonde, he gained wide ranging corporate experience in CFO/Financial Controller roles including within the digital media and financial services sectors.

 
 
 

Fraser Gardiner

COO

Fraser is a geologist with 20 years of experience in the mineral exploration and mining industry. After starting his career on gold discovery programmes and resource delineation projects in Bulgaria, Fraser worked for Ormonde from 2002-2010 on all the Company’s projects including the Barruecopardo Tungsten Project, and was a director of the Company from 2005-2010. Fraser then spent three years as Exploration Manager in Saudi Arabia for Barrick Gold Corporation and two years as Exploration Manager in Laos for a private mining business, prior to re-joining Ormonde as Chief Operating Officer in August 2017.

 

BOARD OF DIRECTORS

 

 

SIGNIFICANT SHAREHOLDERS

The Company has been informed that in addition to the interests of the Directors (see below), at 12 February 2018 the following shareholders own 3% or more in the issued share capital of the Company. See News for any recent changes.

Thomas Anderson: 10.87%
M&G Investment Management: 8.97%
Rathbone Brothers PLC: 4.98%

 

 

  • Ormonde Mining plc 
    Bracetown Business Park, Clonee, Co. Meath, Ireland D15 YN2P

  • +353 (0)1 8014184

  • [email protected]
  • Mon - Fri: 9:00 - 17:00

  • Investor relations contact: Paul Carroll

BROKERS

NOMAD, ESM Adviser & Broker
Davy
Davy House
49 Dawson Street
Dublin 2
Ireland

Joint Broker
SP Angel
Prince Frederick House
35-39 Maddox Street
London W1S2PP
UK

AUDITORS

LHM Casey McGrath
Chartered Certified Accountants and Registered Auditors
6 Northbrook Road
Dublin 6
Ireland

REGISTRARS

Computershare Investor Services (Ireland) Ltd
Heron House
Corrig Road
Sandyford Industrial Estate
Dublin 18
Ireland

SOLICITORS

Mason Hayes & Curran Solicitors
South Bank House
Barrow Street
Dublin 4
Ireland
www.mhc.ie

Argali Abogados
Paseo de la Castellana, 21
28046 Madrid
Spain

Dominic Dowling Solicitors
37 Castle Street
Dalkey
Co. Dublin
Ireland

FINANCIAL PR

Murray Consultants
Latin Hall
Golden Lane
Dublin 8
Ireland

CapitalM
1 Royal Exchange Avenue
London
EC3V 3LT
UK

BANKERS

Allied Irish Banks plc
Market Square
Navan
County Meath
Ireland

La Caxia
Centro de Empresas de Salamanca
C. Rector Lucena, 11 B
37002 Salamanca
Spain

 

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