ORD's history is not pretty....Laos has and will always be the jewel in the crown.
The timelines for realising the value have moved due to world markets and fact they really needed a mining licence and feasabiility study completed to have any hope of getting an ipo away or trade sale away.
This is a micrcap, so attracting quality management always difficult. Can Frank deliver? Well the longer term future fundamentals for a project like Laos are very bright as article Centrepoint posted hightlighted.
If management can remain focused on this we may have a chance as at least have a very decent major company making project. How many microcaps have this claim? Answer is not many. Don't kid yourself West Wylong, Copper Flats and even Supplejack are mere sideshows with uncertain potential. Laos is huge and providing right solution to China's bauxite supply issues in the future that will preside after 2014 with indonesia export ban.
Just need some quality management to deliver this company making project, which at this stage should not be hard as the project sells itself. But lets face it ORD needs to rebuild a lot of trust that it has management that is credible and that can deliver this.
Remain hopeful, quality of Laos as long term company making project is not in question. Quality of management on ORD side to deliver this is. Not saying Frank can't deliver this but not yet proven he can. Lets wait and see. But this is the risk ie does ORD have the capabilities to realise the value from company making Laos projec
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