Expected out flow of cash this quarter, that is almost over, is 6.5 million , so the 3.5 on hand and the 4.5 raised less the 6.5 leaves only 1.5 in the bank in theory. The 6.5 in options is not due until the end of November and the 30% is to be paid from the gold sales, not as a cash injection. The conversion of options in not given anymore, if the SP keeps above the 11 cent conversion price then I would think most will be converted, but the way we are going even that is a question mark at the moment, so if money is on offer it would not be a surprise to me if the company takes it. As far as gold sales goes, what gold sales, as far as the market knows the only gold to date is the one bar of unknown weight... is it sold ,, who knows, not the market.. Not trying to down ramp or be to negative but these are the facts as far as we know ....
OGX Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
