They’re bringing open pit mines into production so they don’t run out of cash. The goal though seems to be an underground and open pit operation in Victoria working together so that ORS is a solid cashflow positive company. If you look at ORS prospectus – they haven’t changed their corporate objectives, or their strategic approach. They’re doing exactly what they said they would do. Nothing has changed. Things have taken longer than expected which is why the SP has fallen. They’re constantly trying to derisk the business which is why they are concentrating on Pearl Croydon. I'm sure the Directors know which areas are lower risk with the aim of sticking to their budgets.
ORS Price at posting:
8.5¢ Sentiment: Hold Disclosure: Held
