You say there is "is just shy of 1.5 billion shares and options fully diluted", but that is false:
Here is the total listing of options from the March 2018 Quarter:
Here is the total shares and unexpired options showing total diluted amount in addition to OGX income from conversion of options:
So if the options are all converted OGX will receive income of almost AUD $24 Million. This would result in a diluted number of shares of 1,180,721426. So we all know that fully diluted shares issued is not the real issue, the real issue is the value of the company for a given share price.
If we express this as market cap (fully diluted), we can use the following table for a range of MC up to 25c:
Once again, don't forget that this would also include almost AUD $24 Mil in OGX income. More than enough to cover exploration and expansion plans. Again I can't see the imperative for an urgent Cap Raise -this is just more fear pedalling. Don't believe everything you read on OGX as being accurate, a lot of it is designed to deceive by people who want your shares on the cheap. Just ask the squillionaire.
While we are at it ...a few highlights from the March quarter caught my eye:
Plenty of cash for revitalising Cascavel and continued amazing grades.
Note: Further 10 Eliseo sample pits with 9 already completed -reads to me like the total is 19.
"May should be a key turning point". New refurbished Toro bogger up and running along with brand new bobcat.
We have all been disappointed by the March figures and SP doldrums, but it seems to me that more promising news (from many quarters) is on the way. Lets be patient and not lose sight of the big picture.
Cheers,
SJB
