Well done to all those that took advantage of the insider trading information leak/ rumour & caused some FOMO & a 15% rise.
Gotta disgree with you there...
Imo, this 15% rise on just 2.5M traded (out of over 1Bn) could indicate the shares are tightly held.
I'm guessing that either AngloGoldAshanti or TYX are increasing their holdings.
TYX are probably sitting on an average of around 11c with around 21m shares (5%) so it would make sense to average down.
AngloGoldAshanti (AGA) have been trying to encourage JVs with their own 15% holding.
I suspect that could be something to do with the current mine life of their own Brazilian mines nearby - from memory they have that outlined in their recent Denver conference (dyor)
If they were after a larger holding in OGX then this 'encouragement' might be stronger.
Imo some kind of a JV should be entered into anyway considering they have their own CIL facility, plus, OGX have had their delays/setbacks this year.
