Anythoughts - ORD is not in a differing position than any other junior shareholder other than maybe having a Chinese partner (but then again this is becoming quite common),
As mentioned previously I am trying to nut-out value. the problem I am having is that based on a simple valuation of claimed assets at current spot prices for Alumina or Aluminium depending on how the company decides to refine and possibly smelter the product, the stock should be at a stock price of around $2.50. I dont know why it isnt the case. Obviously there is forward risk, in that nothing gets built or little gets mined. But the risk does not equate to the price differential - no where near it.
VAN Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held