Yeh BIGONE I think most of us picked that up ie Pattersons in reality only underwriting $135k and they get a fee of $250k.
Smoke and mirrors. And yes the 105 million share freebie is just outrageous. WTF are they rewarding themselves for massive dilution to raise $3.5m when as you state admin costs for next year will be $2.2m.
Ie how much of this money will fund exploration...very little it seems.
I notice people like Kori are very quiet here. Pity. I also wonder what this whole block think of this, and further more whether they have really made this an emotional hold rather than a sound investment. A sound investment argument dissappeared a long time ago for long term major shareholders as value of their investment diminished to nothing.
Moving to production in 12 to 24 months sounds like a lot of spin as can't see with numbers above how going to do this.
THey need a big strategic investor on board and clear CNMIIN finished shafting and playing with ORD. I don't think anyone is really interested in ORD in terms of big strategic investors. And easy to see why.
You raise valid questions which should be answered at AGM. I would attend and raise them but lost too much faith at this point to bother. I have been toying with whether to sell all remaining holdings.
Waiting to see if anything else comes out to provide confidence as thought with major shareholder joining board things might be different. Not sure seeing that.
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