Yeah would be nice to see some more stock come out at current prices. On the other hand, this lack of liquidity will be a bonus if they can get the corporate ship in order and indicate what next after the very nice scoping study results for the gold project.
What about a 5Gs/500,000 shares SPP to shareholders at 1c say? 2370 shareholders according to last annual report means theoretically they could without much ado offer up to 11.6 million bucks to shareholders first. They would get 20% thru u would think and would be fair cos shareholders would get first crack ...... and any corporate sharks wanting in could do so in a proper fashion !
Reckon there'd be plenty around to take up plenty of the overs at 1c ...... reckon I would. ORP would be a different and healthy animal if they could raise say 3 - 5 mill bucks this way say.
Come on bros, some innovation please ..... ur sitting on GOLDEN ASSETS at seemingly very favourable macros ...... PROMOTE IT !!!
Meanwhile Dec Gold options market showing calls for 1.1 mill ozs physical delivery due and POG about to spike as a result(?). Good time to be telling the world of the million ozs resource and positive scoping study results. no need to even mention the good U or diamond assets either .... KISS ! Thats cream for later.
WHATS WRONG WITH BOARDS THESE DAYS ? Dont they know they have to get off their corporate butts and walk hat in hand offering deals u cant refuse ?!!!? US major just paid USD 250 mill bucks + royalties for 6 mill ozs gold grading 1.7 g/t in the Chilean highlands under ice and the ORP guys cant MARKET an easy million ozs even as a straight sale on pro-rata basis at USD 40 / oz IG for relatively "easy" ounces ??? Thats about the NPV number of the scoping study.
Even at HALF of that, we are talking AUD 30 mill = 10 cps ???
Get off ya butts directors and put some deserved value into yr shareholders' assets !!! Not enough Olympians on smallcap Boards these days haha.
GREAT SPEC ...... but really should be a GREAT emerging Olympian, not "spec".
IMBOOC
ORP Price at posting:
1.3¢ Sentiment: LT Buy Disclosure: Held
