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1.3¢ octagonal resources limited

Ann: Alliance South Deposit Intersected on 1080 Level, Maldon VIC, page-23

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AverageJoe

42,372 Posts.

1024

06/10/14

15:54

Post #: 14081251
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Originally posted by oldcodger ↑

so it's your opinion that because you see a picture of some quartz - that all the gold is just sitting there with it! If only it was that simple! It will cost money to extract all that quartz and mill it - the balance of probabilities says that (and has been the case thus far) that it will cost management more to produce whatever gold there is than they receive for it. The problem/question is how much longer can this be done with limited capital? If they raise more capital at these new lows - it will be incredibly dilutive. If the major shareholder lends the money to the company (again) - then it will be back in debt again! Unfortunately it looks like management are running the company on hope! (PS - Don't want to start WWIII over this - just want to generate a balanced approach to the current issues confronting the company.)

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why unity's Bendigo u/g operations where shut down - because a lot of the quartz was barren

I think you have made your point Codger so why not move back to your speckie realm in the other stocks you hold. I will take it you have prior experience of geological field work in Bendigo so my bad for the ill informed geological expertise.

ORS Price at posting: 2.2¢ Sentiment: Hold Disclosure: Held
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