As a just prior to suspension CDG holder and still OGX holder...

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hughpt

100 Posts.

16/05/17

11:58

Post #: 24714369
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Originally posted by iseeyou ↑

There is some news. See todays OGX site for todays announcement of management changes.

OGX Senior Management Changes Key Points: Announced 15-05-2017

Highly experienced Brazilian mining executive Richard Crew appointed as in-country General Manager Operations.

Experienced corporate executive Albert Longo appointed as Chief Financial Officer.

The Company is pleased to announce the appointment of highly experienced Brazilian-based mining executive Richard Crew as General Manager Operations.
Mr Crew has a wealth of knowledge of Brazilian mining operations built up over 30 years in both open pit and underground mines. Most recently, he was Consultant General Manager Projects for the Sáo Bento Group, a private mining group operating two gold mines in the States of Mato Gross and Para producing a combined total of 100,000oz per annum of gold. In this role, he successfully managed a Bankable Feasibility Study and construction of a 2Mtpa gravity/CIL processing plant.He has previously held a wide range of senior operational and executive positions in Brazil including as a senior mining consultant, as General Mine Manager for Cleveland Mining Company, Chief Operating Officer for Galantas Gold Corporation and General Manager and Projects Manager for AIM-listed gold and diamond company Target Resources PLC.

Orinoco has also strengthened its Perth-based management team with the appointment of experienced corporate executive Albert Longo as Chief Financial Officer.
A qualified Chartered Accountant and experienced commercial and corporate executive, Mr Longo has held a broad range of senior corporate, commercial and financial roles over a career spanning 40 years.
He was previously Chief Financial Officer and Company Secretary with Cleveland Mining Company,General Manager – Commercial with Focus Minerals, Chief Financial Officer at Allied Gold and held senior financial and executive positions with Normandy, North Limited and Pancontinental Mining.

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As a just prior to suspension CDG holder and still OGX holder this Ann re Richard Crew set off alarm bells given the operational history of CDG.

Further Dalradian has a gift of the ** over promising CEO, Roland Phelps who is a major S/H. They ceased production in 2013 and have been about to recommence ever since.
Does not seem a great record to me. Smells a bit of a Brazilian Expats club ?
Any thoughts as David seemed to be chasing Funds largely due to Operational mismanagement ?

CDG Price at posting: 7.0¢ Sentiment: None Disclosure: Not Held
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