Good luck Nils. Mutsk might have a good asset one day, but it will not beloing to ORE. They have a very poor perfroming managment team. no plan, and irratic decision making. there is high risk, high reward options out there, this is not one of them. There is no income happening here for at least 3 or 4 years.
They have no form of income and for the last two and a half years haven done very little in terms of activities. If you look at the yearly and half yearly report you can see at least half of the cash goes to pay management wages. They pay themselves like a high performing cash generating business and looking at the last company report they are paying themselves share bonus's more than agreed or communicated. During the same period, communication has been extremely poor, plans and commitment has been nil, but just look how much they have diluted the shares by in the same 2.5 year period. They have been withholding key information and have been forced to send out additional communications. Horrendous company, poor performance from the board and the FCA must be looking to step in soon.
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