Based on the current proposed structure with our partners we do not plan to raise new capital upon a successful Acquisition
Re Laos project: Value significance is greatly underappreciated by the market. Overtime the gap between price and value will close. A clear path to value delivery
Re Copper Flats: Current work program will commence in late May 2010 to complete a detailed geological mapping program and ground EM Surveys. The information gathered will be most valuable to finding targets for drilling Copper Flats should be an attractive farm in opportunity to large copper players who are seeking to farm into large exploration projects. Detailed mapping and EM Surveys will provide valuable information and targets to both ORD for drilling and bigger copper players to farm into ORD We are now actively seeking farm in partners.
end of extract
I think it is the 'calm before the storm'for ORD and ORD shareholders need to be patient a bit longer. It appears to me that they are getting quite close to announcing the deals with 2 separate near term production companies.
cheers Birdseye
VAN Price at posting:
3.4¢ Sentiment: LT Buy Disclosure: Held
