“AngloGold Ashanti became a major shareholder in February 2017, under which AngloGold invested approximately A$5.9 million to secure a 15 per cent stake in Orinoco. In addition, AngloGold agreed in a Memorandum of Understanding (MOU) to enter into a US$9.5 million exploration joint venture (JV) on Orinoco’s broader Faina Project tenement portfolio, excluding the Cascavel Gold Mine (Cascavel). This JV is currently in negotiation and yet to be finalised.“
Can’t disclose much clearer than that lol
OGX Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
