OGX 0.00% 0.3¢ orinoco gold limited

Ann: Update on the status of the Administration, page-22

  1. 21,353 Posts.
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    ''You’re completely deluded on this. No big boys have been playing hard to get control. Nobody has wanted to touch this with a barge pole. Cartesian knew that and wanted their money out. They’ve got a good swag of it back (more than they probably hoped) thanks to bleeding funds much of it out of gullible retirees by the sounds of it.''

    IMO,Agree No-one has been playing hard to get control - only to make money as business is business in this game

    IMO

    From the minute Cartesian loaned OGX $8m U.S. its been a battle of cr after cr after cr after cr after cr to get their money and potential profits back

    Anglo have let it get to this without investing a cent in recent times etc...

    Magna and Empire Capital and Brazil associates etc have all tried to make money during this process etc,,,,but unfortunately have unsecured debts

    They manged to get 3000 ounces equivalent back until all the pieces fell apart imo

    Last 2 annual reports clearly indicate that going concern principle questioned - proper research of them was always advised

    DYOR and seek other opinions or outside advice
    Last edited by Merchant2000: 21/04/19
 
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