Comapny needed money and that was the SP when it was issued.
A CR at 10c at the time would have been ridiculous.
I would agree with you if there was a CR issued right now @ 2c, however that is not the case.
Depending on what recovery they can get in the very short term, a CR may be avoidable. Then again maybe not.
Thankfully the days of feeding the plant with 2g/t head grade development material appear to be gone and smart management appear to understand that cashflow is king (even forgoing their own to improve the company's balance)
I dont have anymore finanical insight into the company than any other shareholder, just the announcements and a google chart of the gold price. all imo dyor
OGX Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
