Don't get me wrong, I was hoping and calling for a substantive financing announcement.
When a stopgap CR pending announcement was made my immediate thought was this would be of the run of the mill 'sophisticated investors wanted' kind. So I am pleased that we regular retail punters at least have a chance to participate, that dilution will be minimal and that funding to move in to the 'Big Ticket' phase of Prieska is available. From this perspective the outcome from a humble CR is as good as I could hope for. I am still wanting a substantive financing package soon though!
2020 was always going to be the year that ORN really takes off, and for the meticulous planning and hard yakka of management to bear fruit for all of us. Not too far away now my friends, and I think our patience will be well rewarded.
ORN Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
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