Sorry all for bringing this rubbish to the top again but this has to be said:
The right to buy 50% of Cascavel expired last year. While previous management were happy to give away the farm to Anglos, the new team understands the value of these large high grade targets and has clearly decided to go it alone. Note the new presentation this week makes no mention of the Anglo JV. Anglos already own 19.5% (inc their OGXOD options). They are within 0.5% of making a mandatory offer. Why muck around with JV talks and minority partners when Anglos stated only last month that Brazil is their number one focus just at a time when the Brazilian gold Price is already up 20% this year alone. One good drill intersection or one good month at Cascavel and their hand will be forced to push the red button.
OGX Tenements and Anglo JV
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Hi Q,
Once again you have posted the same repetitive question that has been answered numerous times for you by other posters...many have already suggested that you actually email OGX management if you need a different explanation to the one already provided - advice which you seem intent on ignoring.
Once again you have serious mistakes in your post....
Firstly you state that 'Anglo has a right to negotiate up to a 50% interest in Cascavel'
but then you use a news release from early 2017?.... to disprove what you are claiming -
"the deals give AngloGold the right to negotiate an earn-in and/or acquisition of up to 50% of Cascavel for 9-months.''
That '9-months' expired in November 2017.... please, please do some research before you continue to post your repetitive JV and CR posts... IMO these are confusing to new investors who read your selectively edited and outdated 'facts'... I am sure that we all appreciate relevant, UP TO DATE information.... please try to stick to recent announcements in making your point and perhaps using quotes that support your argument rather than disprove it would also be useful... cheers.
