ORN 0.00% 2.1¢ orion minerals ltd

I was going to buy into ORN this morning , which is a shame...

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    I was going to buy into ORN this morning , which is a shame because the share price has gone up.
    However, and correct me if I am wrong, but the company has drawn down $23 million of a loan and has $9 million in cash.
    So it seems to have a fair bit of debt.
    The spectacular intersection was drilled to satisfy a potential financier , but it is only 13 metres away from a historic similar spectacular intersection. Is that too close?
    Any opinions?
 
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