ord turnaround strategy, page-56

"ORD raised capital in the rights issue to fund a drilling program in Suplejack Gold
Project. Despite the shortfall in the raising we are committed to this program. We
aim to secure a drilling contractor in early June and commence drilling in late June or
early July."

Where are they going to get the money? They certainly won't be able to come back to the market. The 10 million dollar facility seems to be a work of fiction?

Will they have enough money to finish off the year? Copper Flats costing them 2 million a year. Something that they can't seem to give away.

What a mess. They are embarking on commitments that are clearly unfunded. A drilling campaign that is under funded
and with barely enough in reserves to pay for the light bill.

Will they find another angel investors willing to stump up $670k. Geez, I guess he must be ruing that decision.

People can deny all that they want. But these are real fundamental questions that no one seems to want to address.

What a mess. And what is the boards answer, let's put a junior executive wih no experience in charge. Let's put an executive who got us into this mess in the first place, let's put him in charge.

No, let's not bring in some fresh ideas and thinking. No let's not use our supposed industry contacts and heavyweights to turn this disaster around. Lets not get a handful of the thousands of brilliant executives that we have mainland to remedy the situation. No, we'll appoint the man who was partially responsible for this mess to make a bigger mess. The class donkey.

Deny it all you want, the facts speak for themselves.This is reality. The share price, speaks for itself and as does the lack of any activity. Continue to stick your head in the sand.

Have a fabulous weekend boys and girls. I'm going out sailing on the bay.