Well Salt,
In regard to your comment yesterday, I guess you were way off on this occasion.
Salt:
''Regarding a potential C.R.-as i said imo a C.R with out increased gold sales would have very likely already have been announced, just my opinion based on cash burn rate, exploration expenditure & funds available at the end of last Quarter -taking into account 4-6 weeks between announcement & funds raised to flow through. Never said a C.R would not be announced, it still could be though imo due to the above it becomes less likely from this point in time due to the increased likely hood of gold sales revenue has/ is reducing the need unless the reasoning is compelling -in that scenario i would hope the share price is well north of its current s/p.''
Bond:
I don't agree with you here salt.
A Cap raising could be announced this week or next week.
e.g. Producing 200 oz in a month isn't going to go a long way.
It will only delay the inevitable.
This is becoming increasingly concerning and I may be selling earlier than I had planned based on gut-feeling. Just not much fact to go by except history.
OGX Price at posting:
4.3¢ Sentiment: Hold Disclosure: Held
