1. Previous management was a nightmare and there's a lot of trust issues floating around within investors, the price rose to about 30c on news like this alone in the past but they failed to actually produce any gold, which plummetted the SP all the way down to 2c.
2. As I said, they haven't actually proven if the hammer Mills they've just bought can pump out these same grades on a much higher faster scale, HM3 is currently running at 25t/h and everyone's waiting on the results for that which in the last announcement before the CR said it would be coming out soon.
At this point there is nothing indicating that the Hammer Mills will not produce the same amount of grades as the samples, Management just bought a new 50t/h Mill which indicated that they do work, and why wouldn't they? (Back to basics).
I advise everyone to go read SJB's and Onspeed's threads and posts on HC. this one And This one
OGX Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
