Quinlivan optimistic Ora Banda strategy is solid

THE former Eastern Goldfields is “in no way” related to its successor, the new Ora Banda Mining, managing director David Quinlivan told shareholders today, at the emerging miner’s first annual general meeting since it was recapitalised from the ashes left after the collapse of EGS last year.

Quinlivan optimistic Ora Banda strategy is solid Quinlivan optimistic Ora Banda strategy is solid Quinlivan optimistic Ora Banda strategy is solid Quinlivan optimistic Ora Banda strategy is solid Quinlivan optimistic Ora Banda strategy is solid

The Davyhurst mill.

EGS was a victim of a cash squeeze and the former management's zeal to get into mining without sufficient resources to support operations, Quinlivan said.