It is intended that the board of Solstice will replicate the OreCorp Board. Alastair Morrison, a current nonexecutive director of OreCorp, will be the Executive Director within Solstice. Craig Williams will chair Solstice and Matthew Yates, CEO & Managing Director of OreCorp, will take on a non-executive director role.
More jobs for directors so they can focus on the Africa assets?! – 
Fees paid to Euroz/Argonaut (which could have been used for an RC drill programme in WA) –
Very scant on the details, but ORR is proposing to make a distribution to shareholders following the IPO – which is completely asinine considering ORR are about to raise a lot of capital to build a very big mine – so why give away money right now? If they had confidence in their WA assets they would have just held them and drilled, or spun them off and retained ownership and cash to drill. I suspect there is extremely low interest in the IPO and they are making the distribution in hopes that investors will then just give the money back for the capital raising. ORR does not appear to have done anything with the assets. Wouldn’t take much to hire a geo and do a $2,000,000 drilling program to boost the interest first…
This is not primarily about unlocking shareholder value (well unless they get 50 million, then I’ll eat my words) this is about resources purple circle looking after the resources purple circle.
Anyways, I won’t be putting a penny in to the new IPO.
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