OGX
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0.00% 0.3¢ orinoco gold limited

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  1. Merchant2000
    20,737 Posts.
    lightbulb Created with Sketch. 871
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    01/08/18
    07:59
    Post #: 34660384
    Very sad indeed

    The real concern is that only $3m cash on hand at 30th June - now August and projected out flows for sept qtr of $3m
    With a gold debt and March 2019 commitment

    $20m raised since Feb 2017
    IMO
    Huge dilution coming at a price not many will be happy with
    IMO
    Anglo will get this for almost nothing when cash runs outs

    Dyor and never imo ignore or ridicule reality
    Last edited by Merchant2000: 01/08/18
    OGX Price at posting: 6.4¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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