On that it needs to be mentioned that in my brief but aggressive sharemarket career i have phoned many directors. Cut straight to the chase as I did today. My concern was regarding the % ORD will retain after the IPO of SARCO as they will not retain the full 49%.
After speaking to Frank he is extremely weary of shareholders concerns and i would encourage a call to him if in doubt. Very easy to talk to and not pushy. Well done Frank and Team.
On the above lets say ORD retain 25%. Once SARCO hit the ground the Refinery should be valued in excess of $1B due to the ramp up. So you can get a picture of where ORD's market cap could be going.
Not fiction read the last asx ann. Big backers deep pockets.
VAN Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held