OGX 0.00% 0.3¢ orinoco gold limited

Ann: Cascavel Gold Project Development Update, page-3

  1. 1,802 Posts.
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    More hold ups, not surprised though, but very good news, in my opinion anyway, that the agreement with the cornerstone investor has been terminated, putting the brakes on further dilution for now at least. In hindsight, the recent CR was a good move, management must have foreseen the hold-ups and shored up our financial position when the opportunity arose to do so.. A good positive update IMHO, however, still no grades released, I know they previously announced that they would be not doing so, but the SP could do with a little push back up, so some nice high grade assays would have been nice to see... I do not see the continuing hold up in getting the plant up and running as that big of a deal, apart from having to wait, as when the plant is running, they will soon chew up the stock pile and be sitting waiting for mining to catch up if they choose to run night shift for a month or so. All we can do, as my dad would have said, is hurry up and wait....
 
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