As a former SH in Ord over a number of years and having been to more recent presentations I am yet to be convinced ORD is in a good place at the moment.
This is not a deal to sell Laos. It is an option for an option...nice spin to make people feel as though there is a deal. It could be 12 months before the deal is done and in the meantime ORD has to close a takeover and come up with FIJV millions.
I seam to recall a large part of this money was based on options been taken up by shareholders. The clock is ticking and I don't believe the current board IMHO can pull it off. There have been far to many opportunities gone down the drain and if the takeover and the board not get the full FIJV money then its time for a change of the board. Way to much money paid to them for bugger all return IMHO.
VAN Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held
