OGX 0.00% 0.3¢ orinoco gold limited

Ann: Orinoco Completes A$187k Cascavel Gold Sale, page-8

  1. 4,264 Posts.
    lightbulb Created with Sketch. 825
    not so fast

    yes the announced 5 mil CR has cast a pall over the share price

    but its much better to be upfront about these things well ahead of time

    we will all probably hold back a bit untill the terms are announced

    what are the options
    private placement with sophs or an institution
    public offering
    attached options
    etc etc etc

    any number of possibilities
    id like it to be offered to retail holders by some mechanism which would allow longterm sufferers to stay in the race
    anglo are not nutting out a JV without cause

    there will be a team working on this and the exploration plan ready to impliment quickly
    i think it will be to define cascavel and put some holes into tintiero

    all my opinion

 
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