The company has lost investor's confidence for following...

The company has lost investor's confidence for following reasons:

1. Management losing credibility due to:
- Frank selling at record high prices some 10 months ago (although personal reasons were given)
- Level of Perceived connection to Chinese in doubt due to their inability to get CF deal.
- Incompetency and lack of vision displayed from non existent contingency plan which resulted in CR at rock bottom price.
- Lack of plan on (or communication of) how any benefit from Caledon would be gained.
- Non commital timelines of future programs.

2.Industry/Market:
- Chalco ( a subsidiary of chinalco) making loss and looking at diversiying to Coal - may not be a good sign in the short term.
- "I would rather invest in O&G" syndrome given the lackluster progress on ORD's programs.

3.Laos:
- Good project in theory but lack of clarity around IPO, although good signs for future (this may be the only main reason why the people that have stuck around have done so - including myself)
- "Overpromised/under delivered" on resource upgrade timing.

I would welcome anyone to add to it and on future directions ORD may take...

This is based on my own understanding and gut feeling. Please do your own research...