OGX 0.00% 0.3¢ orinoco gold limited

Cascavel Gold Recovery Considerations, page-19

  1. 20,672 Posts.
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    ''Further unknowns will be exploration results completed & awaited & if J.V. terms with Anglo can be agreed with & so as to pursue exploration activities enhancing company value through the realistic possibility of in ground discovery-clearly Anglo believes this to be worth pursuing.''


    Salt,

     
    All I know is that OGX has $3m in current liabilities for JV - to be level with Anglos $3m prepayment


    We were told  for nearly one year ogx have the upper hand in JV negotiations  lol


    IMO

    Seriously do you think Anglo will pursue a takeover or similar move when there is a cartesian debt of double the current market cap alone and when the cartesian has security over all of OGX's Brazilian assets  and they have a CN  etc...


    Yes shareholders were told that Cascavel will be cash flow positive in May 2018 - from their announcement on April 30th


    DYOR

    has
 
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