Yes @jimone you are right - I forgot it takes another month after the end of quarter. I think they will really be pushing it with punters if they wait that long to say anything. We should be getting some comforting words now....unless there is no comfort to be had :-(
@onmyway yes there is a lot of cash coming in but not sure of the 30% partner is paying actual cash or in kind. They have a significant burn rate of $5M per quarter.Taking your sums 3.5 + 4.5 less 5 this quarter (assume same rate which it won;t be if they are running 24x7 now) then they have $3M in the bank and will be needing some gold sales (if the plant is working) and those oppies to be taken up.
Its touch and go for a CR IMHO and depends on gold production.
OGX Price at posting:
18.0¢ Sentiment: Hold Disclosure: Held
