ORR 0.00% 56.5¢ orecorp limited

Ann: Nyanzaga Project Update - Completion of Earn-in Phase, page-19

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  1. 4,323 Posts.
    lightbulb Created with Sketch. 1886
    Yeah fair call and same conclusions I came to before I sold half my shares.

    In the long run I believe getting 100% of the project is the right move. This management team has runs on the board and has good institutional support for the inevitable capital raising.

    Having Acacia/Barrick removed from the project can only be a positive since the government clearly will never be able to work with them.

    In any case with the government’s increased take I don’t think the project will get off the ground without gold above US$1400/oz.
 
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