G'Day Bond don't care to split hairs in a tit for tat, never...

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Saltiga62

2,475 Posts.

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31/08/18

09:16

Post #: 35315138
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Originally posted by BondJamesBond ↑

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.

Expand

G'Day Bond don't care to split hairs in a tit for tat, never said a C.R. would not
happen more importantly it does free up some liquidity & imo you can read
between the lines the company is more aware than us of the bigger picture.

Is it high risk-yes of coarse at this end of the market, are there known unknowns
of course there are.
I'm invested am aware of the risks - lots of moving parts .
salt

OGX Price at posting: 4.3¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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