OGX 0.00% 0.3¢ orinoco gold limited

Continuing to spiral down, page-8

  1. 198 Posts.
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    My suggestion if possible is request call from mgmt through email. That's what I did. I had to be persistent.
    Then I thought up a bunch of questions, some I knew the answer for, other I didn't.
    Some I knew were really tricky. Others to determine if someone's arrogance gets in the way... Google the sort of questions you can ask to uncover character traits.

    The point of my questioning was to determine a) was this person telling me the truth b)what this person is saying is the facts true, C )what traits has this person got and are they in line with the risks I want to take with my money

    I recorded the conversation.
    I then listened to it a dozen times and them compared that voice recording to all the other publicly available recordings I could get my hands on to work out who I was dealing with.

    Then there was a turning point, and I was out,I had seen and heard enough from all the social media and interviews to make up my decision and I no longer trusted the team running the company

    Have you ever done something similar when your gut says one thing but the person is saying something else. How do you work out a way through that? Say with your child or partner or work colleagues?

    One thing people don't realise is how predictable they actually are if you can get a bunch of recordings on them and compare the tone, the length of answer ,what they are saying and not saying when asked questions.

    And what happened? Mgmt said they weren't sure if they would need a CR. This was before Feb. This is on record. And a month later, bam a CR. And now 8 months later bam, a credit note raising because the company is in so much strife they can't raise money through a cr.
    Bam an investor refused to pay them the 1.5million from the cr and still haven't paid them from all the announceemnt

    Writing is on the wall from what I can see
    There could be gold there in the mine, I'm confident there is. But at what quantities or how profitability it can be got out due to dilution I don't know. Mgmt don't know. No-one here knows. Not salt or SJB or batboy. Even those visiting the mine don't know how much gold is there do they? Add all that up and it was a big fat no for me. The risks were too high. I've worked hard for my money. I don't want to possible it up the wall. I will accept some risks but I don't want some things with my investment.

    I left OGX thank god.. and within two trades clawed back the 25 percent loss I made holding. Had I held on like many of the buy sentiment holders I'd have lost another 60 percent of my share wealth. No thanks. I don't care how many likes you get people. You are down 60 percent on OGX BECAUSE you held it. Had you sold at 8 C you could buy 3xthe stock now and still be in on it... You ignored basic fundamentals which was a very strong declining share price... You held it week after week sinking lower and lower but could have got out and bought back in if you still believe in the company.
    No, I have no intention to buy back but in unless I see material news. I am going to wait until after I see that news,like after I see production updates and after I see the annual report showing money in the bank because I don't trust mgmt anymore
 
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