DT's will be over this in the coming few weeks as the charts are looking for the share to track up to 7.3c ish in the near term. So look for a bit of retrace from DT at this point.
There are a lot of LT Buyers on here who will see the DT as an opportunity to accumulate and as such ORD is one of those opportunities whereby both short and long termers can and will be successful.
The above is due in large part by the quality of management and their Chinease contacts for future offtake agreements.....this is a vastly different management from mid 2009 and I encourage you to speak with Frank; I have on a number of occassions and he plays with a straight bat and is available for his shareholders.
Now their resourses.......Copper Flats will do for ORD as copper has done for SFR.
Laos baux is huge and funding to turn the baux to alumina and then ship to China smelters will be funded by China development banks etc....
Management has a Chinese herritage (google their Chairman) and are hugely connected...they know that the market could see this as a negative and as such have brought on board Bob Hawke and love or hate him you know he is a good negotiator and highly respected by Chinese gov and officials.
In a nut shell this is a no brainer both short and longterm....I hold LT and accumulate
VAN Price at posting:
5.7¢ Sentiment: Buy Disclosure: Held