OGX 0.00% 0.3¢ orinoco gold limited

Visit to Cascavel Mine, page-275

  1. 264 Posts.
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    Thank you V much for your report bid.rod = Confirmation of key points:
    -Security is now taken v seriously: unlikely any gold being smuggled out. Tick
    -Cost cutting confirmation: from house to vehicles. Tick
    -Good working atmosphere between mgmt and staff. Tick
    -Current mgmt fixing the mess created by old team. Tick
    -38 000 ton in tailings confirmed: tick
    -Anglo: only a proposed agreement and OGX has a lot of bargain chips = OGX is not tied down .tick
    -HM 3 in full operation: tick
    Not surprised with teething issues with HM3 and the delayed arrival of HM4.
    I think Bid.rod you could not put everything in his report but the fact that you mentioned you would buy more shares after having visited the mine and talked to mgmt sums it all.
    What really matters is that we have a mgmt we can trust and is working hard at solving issues. Again keep in mind they wont get their bonuses unless they hit the targets: Their interests are aligned to ours.
 
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