Great to see a few posts happening on the ORN page.
I have similar thoughts to the last posters - Errol & Co have done their best to get bank finance but also have the brains to blow the whistle and go to a Plan B when things became uncommercial with more bank demands and much higher interest rates etc. I did notice in the fine detail of one of the announcements some months back that the IDC wanted first right of refusal to provide finance for one of the projects. (Okiep I think.)
Yes the shares on issue will increase significantly if all the options are excercised in November - the flip side to that is we will have no or very low debt so we should be able to ride out any problems. At some point there will be a consolidation and we will look like a great company at a reasonable price. Errol said in a video some time ago consolidation would not happen until production occurred. In the meantime i think it is a good time to get volulme for upticks.
With Chrome Alloy now on board the management have gone from very good to great.
Looking forward to the next 12 months - Hopefully the first modular processing plant will signal the start of a fantastic future for ORN.
Do your own research.
ORN Price at posting:
1.7¢ Sentiment: Hold Disclosure: Held
