Time to reflect - the consistent message on HC is that if you don't have patience for the long haul then sell out - for those in it for sustained growth re share price increase then let the company take ORD re SARCO to IPO - this will take time as ORD will do it properly - sure cash is needed to fund other projects re SJ however by selling out and keeping a cap on the SP will only benefit new shareholders and/or sophisticated investors (which by definition 95% of punters will miss out on). Witness BOTS at play recently and ask yourself why would the technically savvy dudes being doing this.
As the ORD team will be in China for very important discussions next week ,lets recap:
The short term free carry value of the Caledon Options is valued at $20m (my estimations) . The current share cap is currently say $23m. We have a stellar JORC report re size and composition for LSI with Yuquida to come before Christmas. This is a JORC resource measurement which is bankable not a thumb in the sky maybe. The construction of one of the biggest Alumina refineries in the world will happen. YOU are witnessing so much uncertainty in the general markets that good stocks with strong fundamentals such as ORD get carried away with the backwash. The ORD team is united and strong , their international contacts (even beyond the Chinese) are without peer . Top 10 shareholders have been like myself accumulating between 4.5 - 6.0 cents. My disclosure here is that I currently own 12.5m shares so I do have a vested interest that needs to be taken into consideration when you read my comments. So if you are a fundamentalist nothing has changed (in fact its got better I only expected a 200% increase on LSI). China is heading towards a critical shortage of Alumina before 2015. All have read the logistical and political advantage Laos holds. Please if you are in doubt turn up to the AGM
VAN Price at posting:
5.3¢ Sentiment: LT Buy Disclosure: Held
