All I can see going on at the moment is the company trying to build value as quickly as possible. By pushing Cascavel as hard as they can, getting Cuca going, trial mining at Eliseo, drilling at Antena and soon drilling at Tinteiro, they will be hoping that at least one of them comes up trumps. Anglo do not need to spend any money on exploration any time soon, a very clever condition put in place when they handed over the advance money a few months back, so the SP will be kept as low as possible to keep the bill down for the takeover, when and if it happens. The sudden success with the hammer mill approach will have caught them of guard IMO and has, could, change Anglos strategy for a takeover...
OGX Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held