JB you hit the nail on the head, Sinom bought into MGX back in 2003 & continued to support MGX since
This is a statement about sinom when they took a stake in Avalon Resources: http://www.thewest.com.au/default.aspx?MenuID=31&ContentID=23277
"Hong Kong metals trader Sinom has already subscribed — and paid for — a stake of just under 5 per cent of Avalon to become a "cornerstone investor"."
Now sinom took $300,000 (1.5mil shares) in avalon to become a cornerstone investor, funny enough they have taken the same amount in oropa $300,000, are they acting as a cornerstone investor for oropa now??? Imo very likely.
Sinom have now taken a position into ORP, Im asuming they will be part of future raising & take further stake in ORP as we advance.
Brakar is on track, after this recent discovery that sinom is on the register & OXR & ATM are partering up for development oppertunities in Indonesia, I think managmeent are attracting the right people in before a significant rerating occurs.
As said sinom is a significant player to have on board, investors should take serious note of this when researching oropa.
ORP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held