''You could be right q, I hate to say it, but you were right about the cap raising you warned everyone about. I remember everyone encouraging the rest of us to ignore you and what happened 3 weeks later? Yep, that's right, CAPITAL RAISING!!! Isn't it funny that the JV neg's have never been clarified what so ever. Maybe 3 weeks from now there will be an announcement on Anglo taking a slice of Cascavel?''
Mark this has nothing to do with being right
Everyone here seems so certain that OGX hold the cards in negotiations - Anglo is seen as a friend... IMO for which any experienced astute investor would never assume
There is a MOU and amended MOU which is currently in force which can give Anglo 70% interest etc......
IMO,
Shareholders need to know what it means Anglo have a right to negotiate 50% of Cascavel
Yes we are told that this is subject to negotiations and discussions with Anglo the cornerstone investor
Management cleared stated that they hope ogx is not taken over for 20c in the Q and A session
They also ensured that the 80m or so performance shares/rights are not subject to any production levels in the event of a takeover...
DYOR
OGX Price at posting:
7.9¢ Sentiment: None Disclosure: Not Held