VAN vango mining limited

ord share dilution with capital raising, page-9

  1. 10,754 Posts.
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    Just a note on CDU. CDu had 50 mill in their coffers to conduct the drill program. And boy what a program !

    ORD will need many drill rigs and fast mobilised. I do think that we may get these at beneficial rates and its netirely possible that China may provide the rigs, operators and geotech's OR may be able to conduct the full JORC program for about 7 million dollars imo

    How to raise this ? Well obvioulsy through share issuance, but also convertible notes and perhaps convince a bank (does not have to be an Oz bank) to issue a line of credit after the first 20 drill core samples shoing prospectivity to that bank.

 
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