ORS 0.00% 1.3¢ octagonal resources limited

Correct me if I'm wrong. AYC have 250mil shares on issue, ORS...

  1. 1,158 Posts.
    lightbulb Created with Sketch. 1642
    Correct me if I'm wrong.
    AYC have 250mil shares on issue, ORS 170mil.
    At 3c per AYC share for $5.1mil equates to about 170mil AYC new shares to ORS of which about 85mil will be issued to shareholders. That means we still hold our ORS shares and receive 1 for 2 in AYC, which if it holds 3c equates to an extra 1.5c per share. Added to this is added value to ORS because it becomes a major shareholder in AYC which, with the synergies from the two ventures should see AYC at least hold its value, and as time progresses improve.
    Remember current market cap of ORS is around $1.7mil so this announcement significantly undervalues the current share price.
    Maldon, with the expense and capital outlay has disappointed..perhaps the planned gravity circuit will see things improve for AYC and they will reap the benefits from the combined resource. And of course if they benefit, so does ORS. Let's see what eventuates with AYC at the helm, hopefully rewarding us all. ORS can concentrate on Burns, which in my view was always the potential company maker.
 
watchlist Created with Sketch. Add ORS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.