sale of laos assets to cnmim ?

ASIC approval of the request by ORD for an extension to conduct a possible transaction raises my hopes for a significant re-rating by the market. In conjunction, I note the recent resignation of Mr Tang prior to this. He is the representative of China Non-ferrous Metals International Mining (“CNMIM”), a major shareholder in Ord, as well as majority partner in Laos.

I may well be wrong but my gut feeling is Mr Tang’s resignation tidies up matters to sell Ord’s Laos assets to CNMIM.