Slowly the story unfolds.Share price looking dismal but how many of the 30% remaining shares are on the market ? The SP drops to poultry feed levels. surprise ,surprise. as if the writing was not on the wall in the first place.
Cannot say the offer was not generous at 16 cents when one considers it was 38.7 in dec 2007 , 25c in dec 2010 and 7.3c in 2011.
So now we have a new board with new agenda . What was the motive of the T/O ORM in the first place. Was it good tenements for long future development. Heavy rare earth explorations ?
ORM to remain on ASX .So what is the next move? How is Conglin Yue going to acquire the rest of the shares ? And what will happen to ORM in the process? Is there likely to be a merger with another company that is lined up ? Yes, we got ways and means of doing things our way. What is FIRB ? someone said another dept funded by the Aus tax payer to keep few in employment in Canberra. Is that right?
ORM Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
