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I can't see Friday's announcement not taking place without the...

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Davisite

18,873 Posts.

5552

23/07/18

22:11

Post #: 34527090
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Originally posted by PaleoBro ↑

Euroz and it's affiliates have been buying for some time. They've pretty much been the only insto supporting ORR since the Tanz meltdown. I expect usual pattern to occur of the SP to drift once they take the foot off the pedal on the buy side. I cant see much happening here until Tanzania give the green light. Even then it'll take some time for foreign investment to regain trust.

Not so sure about what this deal means for a further acquisition. I'd hope they dont intend to go for an all in one basket approach.

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I can't see Friday's announcement not taking place without the informal green light from Tanzania. I am predicting over the months ahead that ORR will get a mining license, release a DFS, and line up a new cashed up partner acceptable to Tanzanian government to build the mine.

ORR Price at posting: 27.0¢ Sentiment: Buy Disclosure: Held
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