I haven't posted for quite a while on OGX but I'm with...

I haven't posted for quite a while on OGX but I'm with Brummie......

I think the 4 x tranche option is great for OGX as if Cascavel comes on line an begins to generate positive cash flow then they simply don't draw down the remaining three tranches.....

FACT as some of the dribble lately has not been aligned with fact.... There is at least one investor prepared to lay $8 mil on the line taking a punt with OGX. 10% discount to WAP means nothing if they go under.

Funding guaranteed for twelve months operation.......

IMO our costs paid in local dollars should help with the current quarterly and production should be on the rise ( to what nobody knows ) but hopefully in the vicinity of 2000 oz for the quarter......

This may well be the low point right here.... will be interesting to see the market reaction but I for one will pick up more if it falls bellow 4 cents...

GLTAH
Cheers Rb