OGX 0.00% 0.3¢ orinoco gold limited

4.3 cents and dropping, page-25

  1. 20,601 Posts.
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    ''If not then imo the company would have already announced a Capital raising
    as one must allow for time to implement & have funds become available, my calc's
    suggest Gold sales must have increased as it has NOT happened, does that mean
    it won't happen-NO , but it does imply increased gold sales logically are very likely
    occurring. ''

    Hi Salt,

    IMO any capital raising in this market is no easy feat

    IMO, made more difficult when one was just completed a few months back at 12c and there still remains $1.6m outstanding unless otherwise advised

    Plus there has been over $20m in Cr's and options exercise since Feb 2017

    DYOR
 
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