OGX 0.00% 0.3¢ orinoco gold limited

Cascavel Gold Recovery Considerations, page-60

  1. 3,043 Posts.
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    What some here forget (or have yet to learn) is that commissioning a gold mine is not as simple as putting together a Leggo set. Plenty struggle to get off the ground due to a whole variety of reasons - and that's the risk of buying in at this early stage. More prudent investors put their hard earned cash elsewhere, or wait and watch until a new mine shows 2-3 quarters of cashflow being positive and stable. 


    Orinoco is no different: Months of commissioning problems, lack of funds, and negative sentiment making it hard to raise more money to stay alive. However we few who remain have a chance of excellent gains if the company turns around, and Orinoco has every chance of doing just that. You BJB believe otherwise. You don't have to justify your investment decisions to me and vice-versa. I've done some numbers, and I feel comfortable at this point to stick around and pick up a few more shares at the lows. I'm not encouraging anyone to do the same so I don't feel compelled to share my thoughts/predictions at this stage but I will say that CFP is achievable, near term

 
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