Oldcodger,
The issue is cash. Both need cash so wouldn't be able to help each other.
ORS needs cash to allow it to getting into full production (assuming the grade comes right).
CYL need cash to continue exploration.
Unfortunately not a good fit although I do get where you're coming from - a larger entity with greater prospects being more attractive for investors to tip more cash into. I am thinking that both companies requirements are a little too acute to allow the time required for courting/ agreement/ merging and then going to the market to raise funds.
Cheers
John
- Forums
- ASX - By Stock
- Ors
Oldcodger, The issue is cash. Both need cash so wouldn't be able...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ORS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online