OAU 10.0% 0.9¢ ora gold limited

Ann: Results of Annual General Meeting, page-74

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  1. 332 Posts.
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    It's pretty obvious that if there are any negotiations to process ore going on that they are either with SFR, WGX or MEK. You can forget about MEK if you want to process ore quickly because their plant is not even operational. That leaves SFR and WGX. OAU and SFR have prior dealings through RB but with RB turning out to be a dud why would SFR continue to do business with a tin-pot junior? The other option is WGX and closer (around 50kms down the highway and not 150kms up the highway). Whatever is supposedly happening on the deal side could've happened way before the grant of the ML. Once the ML was granted then you could've simply executed the deal to get the ball rolling. I'll never understand the two year delay in getting NT over the line and now the prolonged delay in getting any ore processing deal done (if it ever gets done before Phil rides off into the sunset with the goose that will be laying the golden eggs!). Its pretty safe to say that OAU's stated strategy has not been executed any meaningful and timely way.
 
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1.0¢ 2595357 3
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