Investor Anderson grows stake in Ormonde to over 24 per cent

Veteran stock market player has boosted his influence over mining company with stake now worth just over €1 million

Veteran stock market investor Tom Anderson: has been building his stake in Ormonde steadily over the last two years. Picture: Jason Clarke

Tom Anderson, the veteran stock market investor, has pushed his stake in Ormonde Mining to 24.41 per cent, further boosting his influence over the company.

Anderson, who is a member of the Ward Anderson cinema dynasty, and the owner of the Empire Cinemas chain in Britain, now has a stake which is worth just over €1 million at the company’s current share price of just below 1 cent.

He has been building his stake steadily ...