ORT.to / EORBF -- JustForFun, ORT had already spoken months ago of some extra CAPEX needed to move from 3 to 5 tpd for the HPA plant and to build the mini-SGA plant to prove ahead of time to the "big boys" the feasibility of their metallurgy tech for the SGA plant, so this CAPEX increase was expected. Anyone who thinks it's sudden news hasn't been following the story.
The analyst tour wasn't a rumor-- Mackie Research's Matt Gowing has put out an update note about it this a.m., though he doesn't mention in this "final" note what was leaked the other day at some of the boards (e.g., Silicon Investor ORT board)--namely, that the other analysts included Goldman Sachs (in addition to Roth, EuroPacific, et al.).
Gowing and those other analysts (Luisa Moreno at EuroPacific and the chap at Roth) will likely very soon be putting out update notes about this global deal with the Veolia enviro division.
I'm pleased to hear of this Veolia deal. CEO RB had mentioned last summer that a red mud remediation agreement would likely be the first major deal even before the Rusal JV was officially signed and sealed and before the first HPA offtake agreements were signed, so he's stayed true to his word.
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