Originally posted by DiamondJoe
While Anglo scratches over our backyard OGX needs to keep those mills running flat out to keep the doors open without yet another raise. I'm thinking with the new set-up, production will have improved somewhat and with two shifts at the plant, plus the 5 mini mills on the high grade we should be at least covering Cartesian's next royalty - 333oz per month. December might even pay all the bills esp if the tailings are returning an adequate number, say 4gt. I'm considering another buy at these prices.
Cartesian will be looking, at a minimum, for the original US$8 to walk away. Added to the 3380oz (estimate) that they have already got and they will be up a cool $5m give or take. Nobody wants to be involved in this mess dragging out for another 2 years or getting tied up in Brazilian courts
They know full well they will never get 14koz from cascavel and the grossly misleading claims of 30-$40m debt are just that - grossly misleading.
Has anyone noticed that Anglo's rep resigned and they asked to re-start JV negotiations within 24hrs of Jair Bolsonaro's election win?
Any merit to that that I wonder?
A few things which are clearly worth taking note of are
1 recent $600k raise at 1.35c
2 directors loan to the company
3 anglo restarting negotiations
4 someone unknown buying $500k worth of shares on market between 1 and 1.2c
I saw your comment Jimone. Thanks and would explain the timing of the talks restarting after Bolsonaro's win.
IMO the keys here are how much say does Pinto have and who bought the 41m share on market.
