''Never said a C.R would not be announced, it still could be though imo due to the above it becomes less likely from this point in time due to the increased likely hood of gold sales revenue has/ is reducing the need unless the reasoning is compelling -in that scenario i would hope the share price is well north of its current''
We've established that they need roughly 1000 oz monthly to break even.
They would run out of cash by end of September roughly + add more time for any gold recovered (100 oz or more)
It's pretty compelling reason to raise more capital now imo.
You're hoping that the price would be well north of it's current before announcing a CR, but does the market really care what we're all hoping for?
My gut tells me that they will not produce anything close to 1000 oz this month or next month.
As for me informing the public that I may sell, I do so in case there are others that may have bought partially influenced by my posts & know my change of sentiment. Not that I'm right! I've said I'm a beginner.
I would recommend to those that are influential (get lots of likes) on hot copper to let others know your change of sentiment as they might be investing largely based on your posts.
OGX Price at posting:
4.3¢ Sentiment: Hold Disclosure: Held
