Anyone want to guess what percentage ORD would end up with their opportunistic bid of DAU? I reckon 5% and they would have had more luck offering DAU’s cash backing and retaining Placer Dome for free.
With DAU’s market value of around $2 mill, $3 mill in cash, a free carried interest of $6 mill spend retaining 25% interest of Placer Dome and clean corporate shell listing would have thought now an ideal opportunity from other parties looking at DAU for takeover or possible back door listing?
VAN Price at posting:
0.4¢ Sentiment: None Disclosure: Held
