hi Mark, the return I am predicting is based on Chancery’s memo they sent me. The structure of their con note means for each $1 I put in I get $2 of stock and 2 options at whatever price OGX comes back on When it starts trading next month. those options have a 3 year expiry. Show me a producer on ASX with AngloGold in the wings waiting to pounce that has a valuation of $10m. It’s all down to risk reward dear boy and I am planning on making a bonza return while the rest of you get diluted to buggery.
But hey keep trashing the management that inherited a mess from the first management with all that debt. To be fair to MOK he also had same problem but I will never understand why they Panicked and pulled the pin after Anglo had a cheque waiting for their rights issue. That is what fooled me when I put in my $40k. but now MOK did us all a favour cos he by accident got rid of the Cardesian and let Chancery reduce the debt. Chancery are like Steven Bradbury our greatest winter Olympian!! Sometimes right place right time.
