OGX 0.00% 0.3¢ orinoco gold limited

Ann: Mestre Assays Show Bonanza Grades Up To 265g/t, page-47

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  1. 2,602 Posts.
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    What an opportunity this stock is. Very unique.

    The perfect storm of a company that had great prospects and a handy valuation 2 years ago. Then many problems but now things are so much better:

    we own more of the mine, having increased ownership from 70% to 100% (from memory) This helps reduce pain of capital raisings a bit.

    we now seem to have a way of mining the gold. Most importantly, it not only seems to work but it does so at a lower cost

    it's now cheaper to buy the stock

    we now have better results coming in

    we now have one of the largest gold companies in the world as a major shareholder '

    we now have one of the largest gold companies in the world spending 9 million on new land

    I may be wrong but I cannot believe people have sold today at these prices. I'm happy though as it makes it easier for me not to sell as its hard to hang on when you see lots of green.

    Still some hurdles to go with larger size hammer but this is last hurdle IMO. And board are confident.

    I told a friend about this company two years ago and the first question he asked me was "what are the management like" I didn't have an answer-maybe I was just so in love with the grades.

    I loved the AFL analogy and really appreciate the real talk as what it does right or wrong is tell us in plain language how the board feel right now.

    Love to hear more views on size. I think it was SJB that was saying today it could be huge.
 
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