OGX 0.00% 0.3¢ orinoco gold limited

AngloGold & OGX J.V. Considerations, page-47

  1. 21,950 Posts.
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    IMO, bigmattp

    The market does not like uncertainties

    This will effect current cashflows which is at this point in time is crucial after well over $20m in Cr's and options money and Anglo $3m payment in just over 12 months

    They need to achieve a positive cash flow asap as the last quarterly indicated that cash on hand is projected at around $4m by June 30th - Gold royalty stream and exploration ongoing etc...

    Surprised why they did not release April production figures and May to date guidance

    DYOR
    Last edited by Merchant2000: 28/05/18
 
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