Have been watching closely for a long time..thought I was waiting for 2015 for Laos development...but now I see ORD is developing the Plutonic Dome Gold Project with Dampier Gold and is going to sell Laos bauxite tenements.. I hope ORD can fund $4 Mill by 2yrs.
Am I reading the quarterly correctly ? They have~ $1.5 mill cash atm.. and a 900 000 loan redraw capacity.?
So now NST is giving ORD $3 mill for a 19.9% share of the company.(pending due diligence)
and Xstrata may buy 3 tenements of Copper flats for $300,000
This will bring them close to being able to aquire their 75% of Plutonic Dome Project.
So who is this "international specialist Bauxite company" who looks like they are going to buy our Laos tenements ? Wonder what % ORD will ask for future smelter royalty ...%1 same as copper flats ?
Just some thoughts to throw around for discussion as our ORD thread has become so tired and slow (reflection of ORDs progress over past years-unfortunately)
I am optimistic largely because of how much skin Frank has in the game. I can only believe that he is working his butt off to make himself and all of us more financially comfortable. I will be watching to see how the due diligence goes for NST and Laos...and hopefully the feasibility study is very positive.
Gisy
VAN Price at posting:
0.7¢ Sentiment: LT Buy Disclosure: Held