OGX 0.00% 0.3¢ orinoco gold limited

“Smart money topping up before the shackles are released I say.”...

  1. 20,601 Posts.
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    “Smart money topping up before the shackles are released I say.”

    IMO
    I don’t think any shackles will be released with May or June production results

    For shackles to be released imo there would need to be clear evidence of cash flow positive - not 1000 or 1500 so oz of production as this will unlikely self fund exploration and gold debt going forward
    Also will need to know AISC

    Similar peer producing well over 7000 oz per month with similar market cap today

    There have been tens of millions of shares traded on Asx and Chi -x at sub 7.5c in recent times

    Dyor
 
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