OGX 0.00% 0.3¢ orinoco gold limited

Ann: Operations and corporate update-OGX.AX, page-28

  1. 2,243 Posts.
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    Well said SJB. The latest coy communication can be seen in it's entirety on ogx home pace .
    It would seem that this communication has admitted that there are things that have gone wrong with processing and mining and a total rethink of finances and mining technicalities are e neccessity.
    It's a pity it took them 60 odd days of low production to come to this outcome.
    Possibly this is what happens when Lawyers and financiers think they are experts at mining when in reality they are just 'wordsmiths ' and 'figures 'men.
    They have made mention of our 30% brazilian partner but not in relation to monies already owed for mine production to date but in relation to a JV with our other tenements with other parties .
    I hope our directors don't give these other entities a free kick and actually ask for some money upfront to enter into JV agreements .
    The operations and corporate update has gone a long way to taking the pressure off long term holders in terms that we are still in the game and are not the victims of a scam .
    I have been very forthright in my attitude towards abilities and production outcomes and I am still very miffed at these directors but I am willing to bite my tongue as long as these directors can fix this and in an efficient and a timely manner .
    I have always looked at OGX as a long term investment and hope in the future we can look back and say that our bod have acted for the good of shareholders .
    Mark get this show back on the road ; That's why you get the big bucks.
 
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