Well Rochey so far indeed you have been spot on..
Most recently MCC has recieved a $5B takeover from 2 conglomerates for their coal assets.
Looking through their Profit Guidance figure released 11th May 2011 they mention production giudance of 3.8 - 4mt.
Now Caledon has planned to export 4Mt from WICET for which it has ALREADY recieved an allocation along with 16 other companies.
This bodes very well for ORD given they have the potential to buy a 10% stake for about $40m down the track at their discretion.
It looks like ORD is going to quickly evolve into a diversified midcap in a short time frame. This deal alone adds significant value for ORD shareholders. GRAM will turn this into a multibillion $$ company.
It wont happen overnight but @ under 10cps ORD looks to have a very generous future.
1 more thing. Rochey if you are around your outlook is always welcome
- Forums
- ASX - By Stock
- VAN
- 2011
2011, page-11
-
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)