I agree, management has done a great job and also some kudos to DGR.
Orbis Gold has secured the support of shareholders who own and control (in aggregate) 19% of the fully paid ordinary shares of Orbis Gold (including the Company’s largest shareholder, DGR Global Limited), who have advised Orbis Gold of their present voting intention to vote in favour of Greenstone Placement at a general meeting, in the absence of a superior proposal.
I wonder what our Canadian alliance wants to do and if they are also in favor of this placement, It might be now impossible to get Orbis cheaply. Maybe we will see some action until the AGM scheduled towards the end of October.
Good times for Orbis and also some light at the end of the tunnel for DGR.
OBS Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held