OGX 0.00% 0.3¢ orinoco gold limited

Management Update, page-74

  1. 21,440 Posts.
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    Yes Jahn

    IMO,

    Administrators and ASX are being asked to overlook the balance sheet and financials and give retail holders more opportunity to buy in etc..
    IMO,

    With $0 from tailings and next to nothing in gold production and debt levels multiples of assets - some are asking administrators to let ogx proceed with more capital raises - rights issues so shareholders can imo lose more capital etc....

    What would be the dilution affect of handing this over to secured and unsecured creditors using more of shareholders money ???


    Last edited by Merchant2000: 09/05/19
 
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