OGX (ASX) Fundamentals

Originally posted by domain ↑

I bought some more yesterday. I have been worried about August production etc. is it poor or do they just report in quarterly. My guess is they are not doing anything near 1,000 0z yet. Still working on efficiency /equipment etc. But they must be doing some as evidenced by gold pour,

But bought for these reasons:

I think the Sertao theory about Troy is very exciting. That is they thought there was 50,000OZ and yet mined 250,000 OZ and left without understanding. First holes encouraging.

They now have enough money for next year meaning current results are not as urgent

Then they announced high grade samples 2 days ago. This was after theorizing that grade and width would increase with depth. First one ticked.

I don't know of any other companies that offer so much short term upside if they eventually get it right

Also the price is better for buying now-traders won't like that....

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Hey domain, I believe the production solution is right under their nose - hire a team of Garimpeiros! Let those local lads back down the mine to do the voodoo that they do...so well

...They are producing gold, and have alluded to things going well - firing up the big furnace, gold on the shaker table - mentioning in the quarterly that they are now running the high grade ore... If they don't announce a monthly report tomorrow, or at least tack on a mention alongside the CIL tests, then things still aren't well at mill, and that's a head scratcher because they have been stockpiling high grade to have a royal go at it in August.

I've watched the video dated 27-07-2018 at Cascavel and Richard was oozing confidence August was going to be a cracker, in fact John had to caution him on mentioning grade, and RC certainly wanted to disclose! They have had trouble with the toro's early in the month but there would have been at least 1000 tonnes of high grade above ground, probably more. 50oz two days running late July was a signal to shareholders that the gravity mill COULD produce at a reasonable rate. What happened in the days, weeks following those two days - 10oz per day - 100oz??

Management - time to let us know the true state of play. And for gawds sakes - track down those garimpeiros - and tell them to bring their pans!