Hopped over from DAU thread. This is a positive sign of support from ORD shareholders and 2 Directors. and assists in addressing the big question of ORD funding. However, it is a loan and the release describes a 12 month Term but does not describe how it will be repaid. I assume from the sale of the bauxite deposit if it goes through.
Also with the 40 million options as Directors are getting a benefit, will shareholder approval be required. They do not mention it, I would have thought so.
VAN Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held
