Apollo0811 I still think they are dreaming. $200m for 1/3 of a...

Apollo0811

I still think they are dreaming.

$200m for 1/3 of a 600ktpa refinery

I'll stick with my numbers, thanks, with poor payback

ORD is currently valued at $40m yet they believe institutions will buy a similar share of the project for $200m?

If 1/3 of ORD today was worth $100m then I trust one of the majors would be taking ORD over.

This is a big capex project and ORD is already heavily diluted. So ORD plan to hitch a free ride on this, with an overpriced IPO?

I can only suggest you defer from focusing on trivial matters such as whether ORD has 487m share vs 500m and get working in the NPV method.

Currently, companies such as Alcoa are showing very poor margins.

Regards