Anglo takes care of ANGLO SHAREHOLDERS - IMO Anglo doesn't care about OGX shareholders - this is not Anglo's job - this is the job of OUR BOARD... this is the job that our new management team are now doing. A joint venture with ANYONE should be on OUR terms and negotiated from a position of STRENGTH and not a desperate giveaway to the LOWEST bidder...
IMO Anglo have done nothing but strengthen their OWN position over the last 18 months....
If you want to blame someone blame the former management team who managed to spend around $60 million dollars and produce only about 14kg of gold in the last three years.
The money that Anglo gave us was used to buy out our previous 30% partners (making OGX a much more attractive takeover target) and spent on DEVELOPING the mine rather than actually PRODUCING GOLD!?... where was Anglo while our share price collapsed from 30c to 2c? why weren't they insisting on changes? The only voices of concern came from the LTH who stood to lose everything...
Why weren't Anglo drilling (as per the MOU) and adding value to our struggling Company....? Does anyone really believe that after years of 'due diligence' Anglo do not know how much gold we have and what OGX is really potentially worth? ...
Great job so far from a fantastic new management team - give em hell guys... the bulk of the 'retail' share holders are behind you 100%
OGX Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held