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owenod

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10/05/18

10:30

Post #: 33003451
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Originally posted by qqqqqqqqq ↑

From Orinoco website

https://www.orinocogold.com/faina-goldfields-project/overview

''The Faina Project consists of a large tenement package of approximately 200km2 that encompasses the Cascavel Gold Mine (Cascavel), as well as numerous advanced gold exploration targets including Sertão, Antena/Xupé, Eliseo, Española and Tinteiro.
Exploration within the Faina Project is underpinned by Orinoco’s regional exploration Joint Venture (JV) agreement with Brazil’s largest gold miner, AngloGold.

Under the terms of the JV agreement, AngloGold may earn up to a 70% interest in the Faina Project, excluding Cascavel, by spending up to US$9.5 million on exploration over three years.

In addition, AngloGold has the right to negotiate an agreement to earn up to a 50% interest in Cascavel.''

Isn't Cascavel 100% owned by OGX - how can Anglo have a right to negotiate a 50% interest

We all know of the gold stream agreement for Cascavel

IMO, management have to inform market on how negotiations are progressing as this is a big factor in valuing ogx

DYOR

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Hi qqqqqqq,
I totally agree with you and in my opinion all of this information should have been brought to the shareholders attention when the new board of directors took over 4 months ago not a very good look and where is our WORD SMITH he should have been onto this as he seems to be the most intelligent poster on here ???
Cheers GLTAH.

OGX Price at posting: 7.9¢ Sentiment: Hold Disclosure: Held
2 Upvote

1 Great analysis

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