OGX 0.00% 0.3¢ orinoco gold limited

announcment, page-32

  1. 937 Posts.
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    It's all very speculative. I'd thought of buying but didn't. This stock hyped on HC, maybe other places as well? Great announcement, then the cap raising just after - then the price rise - then the price drop. What's to come? All somewhat coincidental. I've been caught by a couple of these kinds of things by cap raisings on speculative prospects and watched others in similar situations go down. It's a dangerous business and a cap raising in circumstances like this, even a fairly small one, seems to engender highly volatile stock movements soon after - and a large downward plunge regardless of the fact that there may be "Billions" hidden in the ground waiting to be mined.

    Hope I'm wrong for the sake of holders but my bet is another 50% or more drop in price before too long unless they can come up with absolutely confirmed super profitable gold/silver. Even then, it will be highly volatile and easily manipulated.

    Longer term, even if great assay results, a major cap raising will be required for development - another large hurdle leading to subsequent further volatility.
 
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