OGX 0.00% 0.3¢ orinoco gold limited

Ann: Company Update, page-22

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  1. 21,922 Posts.
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    ''And BTW folks almost ZERO chance this doesn't relist, only this time the CR won't be a rights issue with the opportunity for all retail investors to participate in - rather fully corporate subscribed to meet the ASX's tick box criteria.''

    At 31/12/18

    Total Current Assets $1.4m

    Total Current Liabilities $20.4m

    From 31/12/17- 31/12/18

    Mines property and Development down from $21m to $0

    Plant and equipment down from $8,6m to $1.8m

    IMO, another exuberant comment without justifications or any source or sources


    Where is you source that a CR to corporates is on the cards - certainty as you indicate ??? Isn't Empire Capital a corporate ???

    What corporate would risk capital when most of it will go to pay off debts etc as proposed $5.4m rights issue indicated..??

    Why would Anglo pay to takeover ogx and take on its $20m plus debt and the full share registry ( including performance shares ) etc when total assets at 31/12/18 are $4m plus including tenements etc ???


    DYOR
    Last edited by Merchant2000: 05/04/19
 
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