Well I thought I would comment since the CR has completed. I was spot on with the CR details (look back at my posts) . The very best thing about this CR is management have NOT CAPITULATED and have tipped in over half a million dollars to get us back on the road to recovery NOT THROWN IN THE TOWEL like todays sellers who have got no insight about mining narrow vein chunky gold mines.
The CFH 1000 oz payment HAS BEEN MADE .
PRODUCTION though small at this stage is being improved by 2 more hammer mills that will help our cause.
Talks with Anglo on the JV are back and as per the original term sheet ANGLO were providing $28 Mill in funds for mining and Production and exploration for what was then a 70/30 JV plus of course there expertise and a mine close at hand. Who knows?????
The other piece of the important puzzle regarding BALL MILL AND FLOTATION thats required for processing our tails etc is being undertaken by a TOP MAN (Rob Rigger) who is coming aboard to sort this problem out for OGX. I am sure knowing his track record he will get us the very best result for our operation.
For those that are LTH and are staying with this ship google SBI SERABI GOLD or go to the TSX or LSE and look it up.
They have 2 mines in PARA STATE IN BRAZIL and you could almost say they are our blood brothers mine type wise SO VERY SIMILAR They suffered the very same problems with a narrow vein mine like Cascabel and were in the same trouble we find ourselves in. They all but went out of business but were saved by bringing in Chilean narrow vein miners to overcome the problems.
Have a read of SBI website and see what has happened since (and it took a long while) and also look at the GRADES and the PRODUCTION per annum that they are achieving. Like a mirror image of OGX. SBI current share price is 0.55 Canadian
Rob has been to SERABI so knows how these things go and how to get them right.
I am positive after doing due diligence on SBI that OGX can repeat and now with the possibility of Anglo returning as per the announcement
WHY WOULD YOU BE SELLING
For any holders contemplating selling out before you do READ THE SBI WEBSITE AND PRESENTATION
Always do your own research and GLTA I for ONE will be staying on board based on the SBI story.
moureeses
PS this is not investing advice DYOR and DD
OGX Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
