Great exploration update, even better when you consider the facts, for those that care:
From March 2018 quarterly cashflow report -
Our expenditure is now around $2.8 million a quarter - this includes exploration!
We just raised $12 million dollars in a CR at a 12 cent premium! (in Australian dollars - not Mexican pesos...)
IMO (if necessary) we now have enough funds until almost the end of the year - (if we decide to stop exploration and focus simply on production etc)
Note: This is not including the gold that we have produced during commissioning (March/April) and part production in May...
IMO if there is another CR it will be for a very good reason ie increase in production, or the building of a new plant on our Sertao tenement etc ie to INCREASE PRODUCTION or value through EXPLORATION.... and it will be under our terms.
DYOR... ignore the noise...GLTAH
OGX Price at posting:
7.6¢ Sentiment: Buy Disclosure: Held
