I must be of the minority because I am thinking about what is happening now, not in 1, 2 or 5 years from now.
What happens now is important because it can snowball into the future years away, weather negative or positive. The back to basics strategy should reflect this IMO.
Of course exploration is important (forward thinking) for future growth, but IMO, not enough focus has been on gold production (The now). Possibly, some of the breakdown issues may not have been pre-anticipated (forward thinking) due to more focus on exploration instead of gold production. Who knows?
Again, the exploration is great and important for the future, but there are many variables that can happen between now and future mining on other areas.
It's even possible that some of these areas may not even be economically viable!
I can many here thinking this guy is crazy. Well it can happen.
Stabilise the cash in bank first!
We want to reduce risk, otherwise we may not even make it that far.
It wouldn't be the first company for this to happen.
OGX Price at posting:
4.6¢ Sentiment: Hold Disclosure: Held
