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37,911 Posts.
828
08/05/11
10:58
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i do not even know how much of this project ORD will own?
will ORD be involved in the IPO?
for example, currently ORD has 500m shares & options on issue
if ORD was required to raise 49% of $200m in an IPO at 20 cents, that would be another 490m shares
the Alumina Project has always been and remains convoluted to me
last year I was under the impression SARCO were in a JV with Lao Service Incorporation Ltd (LSI)
ORD have alot of shares on issue
i have no picture how this is going to pan out?
regards
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