However I disagree with you. It's an underwriten entitlement issue. So shareholders will participate.
Secondly when it's all said and done there's 12.5 million in the bank with a current market cap of just twice that.
What about the fact that Anglo feel comfortable enough with bringing forward 3.5 million towards exploration and also underwriting the cap raising so we can buy the balance of ownership.
Must be a reason to buy not so?I for one feel better knowing that they know it's worth buying now. A few days ago we were getting worried that there'd be no gold or ability to get it out of the ground.
This gives me the thumbs up that it's all working according to plan and I'm definitely taking my full share.
OGX Price at posting:
4.9¢ Sentiment: Hold Disclosure: Held