ORN orion minerals ltd
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Is it just me or is there a mistake on the figures with the draw...

  1. El Jefe
    6,066 Posts.
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    04/02/18
    16:13
    Post #: 30806599
    Is it just me or is there a mistake on the figures with the draw down loan?
    Should be just under $4M remaining after the draw down of approx $3.5M already.

    With cash of $4.5M and spend of $4M, it looks likely further funds will be needed in 1H 18.
    I see that the Orion only have a 73% interest in the S.A projects, surprised this wasn't made clearer in the quarter activities report, vote of confidence in the project to see management dipping in with $250k purchase in the most recent raising.
    Last edited by El Jefe: 04/02/18
    ORN Price at posting: 3.8¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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