It would be good time for ORD management to show their faith and exercise their own .008 cent options that would minimise the next concern of a most likely share consolidation and using 20 for 1 would imply 16 cent exercise.
The offer document also sates;
"If for any reason the Plutonic Dome Project Farm-in is terminated before the Rights Issue is
completed or, if completed, before the funds are expended (wholly or in part) in that venture, it
is Ord’s current intention that the Rights Issue will nevertheless proceed and the funds raised
(after deducting the costs and expenses of the Rights Issue) will be held by Ord to enable it to
consider and effect other opportunities for investment (including but not limited to projects
similar to the Plutonic Dome Project Farm-in)."
Could this imply they may terminate or have concern with the JV??
VAN Price at posting:
0.2¢ Sentiment: None Disclosure: Not Held
