OGX 0.00% 0.3¢ orinoco gold limited

AngloGold & OGX J.V. Considerations, page-28

  1. 396 Posts.
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    De-faming previous management?.....hmmmm....make up your own minds guys...the truth will set you free.

    Here are the facts again (for those that choose to ignore them)...Under PREVIOUS management -

    - share price collapsed to 1.9 cents
    - Almost zero money in bank
    - Almost zero gold
    - 10 grams of gold/tonne went into the tailings for over 2 years!
    - this happened with 40,000 tonnes of tailings/development/waste material !!!? with nobody noticing?...really?..
    - a simple sample test recently proved that the old processing plant was recovering 15% gold when compared to the same 150 tonne sample put through the hammermill recovering 85%... nobody notice this as well?...
    - the pump was installed in REVERSE !!... and no one picked it up for 2 years?... surely there would be a mechanic/engineer/manager onsite that would notice our $6 million dollar processing plant not pumping sludge properly? ... (as did our new COO Richard Crew very quickly)
    - Marcello De Carvalho (our head geologist) was also the Operations Manager up until the trading halt (late 2016)....
    - What did our previous Brazilian 'President' Klaus Petersen and our Head Geologist do to fix these issues over the years?....
    - about $60 million dollars has been invested in the company since its creation (where did all this money go?)
    - In early 2016/17 we were a one hole mine with one bobcat and 189 employees doing what?...
    - only about 13 kg gold recovered in 2 years with 6kg suddenly appearing out of nowhere...
    - recommendations from the mining reports NOT IMPLEMENTED...
    - only a handful of exploration holes drilled to prove up our tenements prospectivity over all these years...
    - a Brazilian geological report on OUR TENEMENTS apparently commissioned (at least supported) by OGX (and our geologists) not released to shareholders (just before the Anglo $5.9 million buy in)....
    - Our former Brazilian company president Klaus & our former head geologist are now apparently working together in a 'consultancy' in Brazil... I wonder who else from our previous BOD is working with them?....lets wait and see who pops up their head again...

    Not conspiracy or theory - these are the facts. Ignore all the noise from some other posters and DYOR
 
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