Ann: Annual Report to shareholders, page-37

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jimone

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11/04/16

12:05

Post #: 17471419
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Originally posted by ram01 ↑

Moimoi ; the halt in ogx share price bears a direct correlation to the recent CR at 17 cents + oppies and the ann that we had a cornerstone investor waiting to invest irrespective of sp after production started at 17 cents . Stopped our momentum in it's tracks and probably left serious doubt in the minds of potential investors at the then sp of 22 cents.
Compounding the effects of the recent CR is that we have not met targets for construction on site which has halted momentum in terms of stagnant SP.
POG will be in our favour as soon as we go into production so I see the BOD have a PR problem to let the market know exactly what the current business plan is; taking into account recent events and benefits as to the derisking of ogx with the recent BOD instigated cr and cornerstone investor scenarios.
To my mind I am reasonably OK with ogx with a slight concern that the oppies are time sensitive and as the days go by we are not in production. GLTA
PS ....Hold fast...

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As an option holder, I am not panicking, yet. Even if the plant is not running until June, they still have 4 months to prove up some grades. The company feels the SP is well below what it should be IMHO so we should see a rapid climb when some head grades start to come in. Let's hope for some positive news regarding customs this week. .

OGX Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
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