ORR 0.00% 56.5¢ orecorp limited

Ann: Trading Halt, page-13

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  1. 4,312 Posts.
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    Yes it doesn't appear that $30M would be anywhere near enough. Having said that, if Acacia have put the stake on the market I doubt there is a lot of other interest given the Tanzanian government's current actions don't really encourage investment.

    I agree that something corporate is afoot since ORR are pretty frugal and no doubt could get by until completion of the DFS without the extra $20M. I'm not sure what sort of pre-approval capex they could use it for given ORR still only hold a minority share of the project at the moment.
 
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