what and when, page-229

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batboy

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03/11/18

18:02

Post #: 36380136
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Originally posted by BondJamesBond: ↑

this qtr is make or break.

some say its already broken and was a long time ago i disagree i think we are getting things under control although very slowly, and will survive.

i wish i knew what anglo are thinking

Batboy,

I think Anglo would be thinking the same way- This Qtr is make or break.
I also think they would be thinking ogx have made a lot of mistakes this year including exploration which you have rightly pointed out.
And they are likely to make more mistakes and/ or just not succeed.

The question is- What is the likeliness of a turn around? It's definitely not 50% chance so you can count that out without a doubt IMO.

I would say in my honest opinion they have no more than a 5% chance tops. And that's being generous.

Before, it was a question of what they needed to become cash-flow positive and/ or break-even, but now it's a question of How much they need to produce to stay afloat and survive and within what time-frame.

If, they last a year, I'd be very surprised. IMO, I think trading will be suspended indefinitely within 6 months.

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Bond i don't agree with you
its anyones guess what anglo are thinking or would do
i wish i knew
if we start producing....dont laugh...so much
then we don't need them

i repeat
time will tell

OGX Price at posting: 1.6¢ Sentiment: Buy Disclosure: Held
2 Upvote

1 Great analysis

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