OAU 0.00% 0.5¢ ora gold limited

Ann: Westgold Strategic Alliance and Placement, page-31

  1. 2,090 Posts.
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    I’m just along for the ride now

    WGX have thrown a lifeline & unlike a broker raise where the rats jump ship asap, we know they won’t sell out at $0.007!

    someone still has to stick a rocket up the ar$e of OAU because nothing & I mean nothing they do is ever done at pace. I seem to recall that the aim after native title & the right to mine were granted we were going to be straight into mining the 140000 ounces - that was what, 2 years ago?

    selling at 2c is not enough. I think I need 4 but right now, even with a new partner I can’t see that happening unless they can prove up over 1m oz - there are just too many shares on issue & a consolidation doesn’t help because instead of 4c you’d have to get 40c (say a 10:1) & that just isn’t going to happen
 
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