OGX 0.00% 0.3¢ orinoco gold limited

Ann: Quarterly Activities Report - June 2018, page-81

  1. 801 Posts.
    lightbulb Created with Sketch. 604
    Probably the same thing that is wrong with people who have a sell sentiment but hold shares!!!
    How many times must I explain to investors that it comes down to risk profile. Anyone will take quarterly figures and annualize them likewise daily figures and place them into a monthly figure. If you wait for OGX to confirm 1000 oz per month production the SP will be 10 cents + and If you wait for 2000 oz per month the price will be 20 cents per share. At 5000 ounces per month I would anticipate the SP to be somewhere in the vicinity of 40 cents plus. So lets see..... Do I wait until its confirmed and buy in upon confirmation or do I read between the lines and just multiply last two days average production by 20 days to give me a monthly figure and buy in at today's price. Seriously a no brainer....... If you love to take a risk today is the time to buy and reap the upside as production is confirmed..... or wait and pay full price..... yes buying today carries more risk but also holds a higher reward.
 
watchlist Created with Sketch. Add OGX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.