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0.3¢ orinoco gold limited

I agree Timbin4,It's right down to the line, almost desperate...

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BondJamesBond

284 Posts.

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31/10/18

11:26

Post #: 36329745
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Originally posted by timbin4: ↑

Management have proved they don't have the expertise to turn the operation around..... they don't have the funds (or even an approval for a CIL)..... it will be interesting to read the 4C to see how much cash they have left. There is value in the ground, but based on mangements performence over the past 12months I just can't see how they will transfer that value to existing shareholders...... the risk/reward is right now at the very pointy end for buying into OGX.

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I agree Timbin4,

It's right down to the line, almost desperate IMO. Blaming the equipment again? Come on.

With they're track record, they've had PLENTY of chances in this past year. 219 oz in the June Qtr, now 316 in this one?

My prediction for Dec Qtr-

455 oz

OGX Price at posting: 2.2¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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