VAN 0.00% 4.7¢ vango mining limited

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  1. 711 Posts.
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    Could you please point out to me where it was stated that GRAM want ORD to exercise the CDD option now?

    The only thing I have read is that the option exercise was at ORD's discretion with no time limit mentioned.

    In fact in ASX Announcement on 31st Jan ORD stated..."ORD is not required and will not exercise this Option in the foreseeable future post financial close". I have not seen any official notice/statement to the contrary.

    Whilst I regard this option as adding value to ORD, I believe the LAOS project will be the medium term driver for ORD, and the GRAM JV on Copper Flats will inject the necessary funds for exploration of both CF and SJ. But it is taking an eternity for Chinese approval - over a year now.

    Anyone going to the ORD's GM - could you please ask them to provide regular updates on their activities as they used to do a little while back.

    Thanks
 
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