ORR 0.00% 56.5¢ orecorp limited

Ann: OreCorp Progresses Project Financing for Nyanzaga, page-6

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,159 Posts.
    lightbulb Created with Sketch. 232
    I think once they de-risk it by getting a Tanzanian bank on board and subsequently the international consortium they will have it wrapped up in a bow and put a for sale sign out. It'd be too risky for a TO before the mines department gives them the next tick of approval. Seems to be just taking longer than expected for the Tanzanian bank. Maybe they don't have the right people for the negotiations or haven't bribed them enough. It's trading way under what it should be at this stage of the cycle. 40% of the NPV would probably be fairer.
 
watchlist Created with Sketch. Add ORR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.