Indeed Tdman1 you are probably correct. Bad news is always delayed. Winter is coming.
I disagree with 2-3 months. More like next month (August). I say this because the escrow shares come out in September and there will be many of those investors who will dump it based on the ~50% loss already incurred (they are mostly not true believers). Assuming the ann is pretty bad for production / cash flow positive but also showing signs the worst is behind us (e.g., some indication of July production) then I think a drop to 4c is likely. They will want to lock in a CR at least around the 4c mark before the September escrow ends. Might be hard though to get the sophs to go around again unless there is something positive to talk about so expect a range of positive drill ann's to compensate for the continued failure to produce.
Having said all that, I hope I am wrong. Hope for the best, plan for the worst.
OGX Price at posting:
6.6¢ Sentiment: Hold Disclosure: Held
