Hello Kori,
I have never said that ORD cannot fund the FIJV, I have always said that most DAU shareholders believe that ORD cannot fund the FIJV and that influences their decisions.
The T/O was the final straw for DAU shareholders and it guaranteed the end for Hudson and Hay. I am not certain how many shareholders it needs to veto the T/O, but I am led to believe that Columbus and Sahara Minerals working together can veto any T/O without the help of other shareholders. Since they have contacted all shareholders asking them to reject the T/O, I can't see how the T/O could succeed.
There is no doubt in my mind that good money can be made on the Plutonic Dome, as you called it yourself, the DAU jewels. That is why I have bought some ORD shares, if ORD can raise the finance to initiate the FIJV they will make a good return for shareholders. There is a lot of yellow metal out there.
I just believe that ORD would be far better concentrating on the FIJV than wasting time on a T/O bid that I believe has absolutely no chance of success.
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