Not sure how long you have been looking at OGX but a lot of us here lived through the turmoil of which Anglo was a part and the 3 mill used to get rid of the 30% ownership just shows me that they wanted 100% of the fish that was gutting itself in front of them. Just as they were heating the frypan the current board emerged coup-like and started finding gold all over the place. Hey its smart business if that was the plan but they got caught out and may pay the price of losing 70/30 on a joint venture that they didn't complete even when the fish was out of the water and open in front of them.
The reason OGX is still a going concern is MR Pinto and Co not Anglo.
All my opinion of course.
OGX Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held