Yes, Clyde, thats the same message I am getting re; all the points you raise. The are a number of ways ORD are looking at to unlock the value of the option. They could partner(JV) for exercise, or they could sell back to GRAM for a price. Its in the pipeline and is being assessed.
The agreement with GRAM is fairly 'loose' SSkim - there is no clause to the effect that you mention. If ORD want to partner they can etc. The agreement with GRAM is indicative of how the Chinese do business - its done against trusted and established relationships. It is all about trust, face, and history. The Chinese trust ORD and we trust them. This doesnt mean they dont play hard-ball because they do, however, agreements will be struck that are fair and benefit both parties. This we can be assured of.
If I can find the time, I might pop down - ORD offices are just around the bend from me. In saying that, I would encourage all to attend as the board/management are very open and its the perfect opportunity to ask questions. Just note your questions in advance and roll them off towards question time. This is exactly what the session is for - I assure you, management prepare for 'question time' and in turn so should shareholders.
VAN Price at posting:
5.1¢ Sentiment: LT Buy Disclosure: Held
