we need bold management.. now!13 Mar 2015 21:19
Evening Mr Spindok............
I understand that PI's cannot influence negotiations and my urgings to be bold
and take control of the bidding manouvres is aimed squarely at ORM management.
They must tell Almonty and Oaktree that, as the scenery has changes radically,
there can be no low-balling with offers for Orms assets.
And that there may even be other prowlers casting eyes over ORM.
No doubt Oaktree were probably laughing to themselves last week at the thought of taking
control of ORM, sweating the assets for a year or so and then walking off with the profits
from Orm's gold, copper and tungsten mines.Particularly tungsten as its market price, down
the road, will be much higher than it is now. Orm was a sitting duck on which
Oaktree pounced and Almonty's move was a kick in the legs for Oak. Now, I get
the feeling Almonty really want to take over ORM and combine it with their own operations.
So we just sit, watch and hope Mr Kerr grows apair of cojones in the next week or two.
Rgds to you Mr Spindok.
END