Ann: Approvals for K2 Open Pit and Underground Secured, page-2

Reading this announcement, and the mention again that ORD can elect to continue or stop sole funding of the JV, I get a sense that ORD may not continue with the sole funding to earn the 75% maximum.

Fortunately the RI is fully underwritten.

I also notice that the aluminium price is looking bullish and the LME stockpiles have been decreasing steadily for a while now. Maybe it is fortunate that they have not been able off-load the LAOS project and it may prove to be ORD's jewel down the track after all.

One can only hope because there is nothing left of the share price.

Frank said a while back, when there was another RI in progress, that he wants to "under promise and over deliver", but all ORD has done since I have been holding is under deliver on everything. However, perhaps they have delivered some valuable share market lessons to may shareholders.