Australia's largest stock trading and investment forum Australia's #1 stock forum

ORR

Click for more information

0.00%

56.5¢ orecorp limited

Ann: Scoping Study Confirms Potential of Nyanzaga & MRE Upgrade-ORR.AX, page-93

First 93 Last

Share
Profile

Follow
Guggs

603 Posts.

14/09/16

14:22

Post #: 19148690
Share

Originally posted by chuk ↑

"Another interesting element form the broker report was that the valuation was higher with ORR staying at 25% rather than moving to 50% due to dilutionary effects and the fact that at 25% the capex share is basically covered."

With Equinox, Craig Williams' mob funded the large majority with debt so dilution was low. I would expect similar here. The broker obviously is assuming equity funding. The more we end up the better IMO - Far better. I don't mind debt on a high margin project. If the brokers begin to assume 100% we will see much more upside.

Did you guys see today's report? Pre-feasibility study now due to complete first qtr 2017. A few months ago the scoping study was meant to be finished last qtr 2016. This fast tracking is going very well. Also of note was that they are continuing to assess other opportunities.

Expand

Do not be surprised to hear of some activity in Ethiopia !

ORR Price at posting: 58.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

ASX Market Open: ASX to rise on back of Trump Trade fever | 7 Nov 2024

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

LRD

Lord picks up high-grade copper play in Western Australia, with past intercepts of up to 6.62%

Bitcoin jumps 8% to beat record on Trump vote optimism

There are more pages in this discussion • 20 more messages in this thread...

First 93 Last

Add ORR (ASX) to my watchlist