Couldn't agree more Londoner! It is fully underwritten even if none of the shareholders would participate in the CP. I have participated even for some of the shortfall. And would be buying more at 0.002, as it posses great opportunity. I have been shareholder of ORD for the last 7 years and it has been a roller coaster ride, but I believe they can pull this off. Believe in Bruce McInnes.
This CP is at the lowest share price ever, but had to be done in order to get hopefully some serious cash.
There is one thing on my mind though and that is: I know Frank is doing 2 jobs CEO&MD, however would love to see him taking a pay-cut until we get into production and start making actual $$$. It would help the balance sheets and bring more confidence into ORD.
This are just my personal views.
DYOR
VAN Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held
