OMG: There goes the share price BusinessDay Orion Minerals Group, the New Zealand-listed company with mining licences in Chile, has seen about $225 million, or 83 percent, of its market capitalisation disappear within two days.
NZ shares edge down No Source After two strong days of trading at the end of last week, the New Zealand sharemarket edged down in early trade today.
Orion completes capital raising No Source Orion Minerals Group, a Chilean iron ore business bought in a reverse takeover by New Zealand company RLV No3, says it has completed a $US12.5 million equity raising.
Orion cuts a deal BusinessDay Fledgling resources venture Orion Minerals Group has struck a deal with its backers in order to receive US$8 million ($14 million) in funding it is due.
Orion needs 'favourable' conditions BusinessDay Fledgling resources venture Orion Minerals Group says it is now dependent on "favourable" conditions returning to the iron ore market before it can begin operations.
Delay for Orion cash BusinessDay The Chinese backers of fledgling iron ore venture Orion Minerals Group have asked for a delay in paying money that is to be used as working capital for the Chilean-based venture.
Doubts over Orion payment BusinessDay.co.nz The Hong Kong backers of fledgling iron ore venture Orion Minerals Group now want to conduct due diligence on the company's operating subsidiary and will pull US$12.5 million of planned funding if they are not satisfied with the outcome.