I tried posting earlier on today but accidentally posted a blank one. My take on the whole situation is OGX will issue a larger % of the gold sharing agreement with the Singaporean mob they used to finance the start up of the mine and in return will get some $$$$, how much who knows... They would be committing corporate suicide if they were to do a CR to retail and SIs.
Tomorrow they will no doubt paint a rosy picture going forward after the bad announcement we got on Friday, we may even possibly get production grades, tonnes etc for the first week of October. So I am thinking the whole current predicament maybe positive yet the company and board of directors will be on borrowed time if they don't produce the goods. I believe there is a lot of gold in all of their tenements, let's now get it out in the most cost effective and efficient way.....
Cheers
OGX Price at posting:
11.5¢ Sentiment: None Disclosure: Held