Acacia cutting their losses in Tanzania at any cost, because of the new mining regulations, and their relationship with the government.
ORR did well to pick this up for the price, but just don't get on the wrong side of this government or it's president, because you will go down in flames.
If they develop the mine, pay the government taxes and free-carried components, and refine in country, and generally toe the line by doing whatever the government and military says, then they should be ok, but you would always be nervous.
High risk - high reward. I've been in a couple of these type of plays in Africa, so I'm wishing all the ORR faithful good luck, sometimes it works out to great reward, sometimes you lose. Here's hoping this turns out to be the former.
Gw
ORR Price at posting:
26.5¢ Sentiment: None Disclosure: Not Held
