ORN 6.25% 1.7¢ orion minerals ltd

What do you think of the $1.75M raised at 2.4c and the $6m...

  1. 632 Posts.
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    What do you think of the $1.75M raised at 2.4c and the $6m unsecured bridge loan (5% establishment fee and 12% interest)? Raising at 2.4c when the price was 2.2c seems pretty good to me and the loan terms re not too bad given their unsecured nature. They seem to have a good focus now on realising a revenue generating project and zinc looks a good bet at this time. I had previously invested when they were gold exploring in Aus but sold out due to the series of long winded reports full of hopes and promises. On the basis of the new style, I have taken a small position and will follow the drilling closely with a view to participating in the capital raise end of 2017.
 
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