OGX
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0.00% 0.3¢ orinoco gold limited

Is it a sinking ship?, page-8

  1. Merchant2000
    21,657 Posts.
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    20/06/18
    09:29
    Post #: 33816456
    Spylord,

    They have had the entire month of April for commissioning and up to the 24th of May for production before disruptions - the silence is imo very concerning

    The gold stream royalty is a debt and formed part of the latest quarterly

    IMO, market is still expecting around 1000 oz for May and cash flow positive as indicated by management in their latest presentation

    Surprised that the share price is at these levels as some have calculated at least $17m -$25m in gold in the tailings

    DYOR
    Last edited by Merchant2000: 20/06/18
    OGX Price at posting: 7.2¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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