Some scenarios I want to throw out there for consideration;
Idea 1; SJB works for the company. Not only that, sjb is JG. Or is someone senior within the OGX company. I don't have any proof of this but there are synergies. Would explain why he is all in as well as his family.
Idea 2; there is no plausible turn around batboy. It's gone too far down. Trust, gone .
They are not producing a product . Loosing money like no Tomo. Have a share price that doesn't support raising any more money without massive dilution, and they desperately will need more money.
The other 3 tranches of the Credit note are owned by a company that historically has crushed companies .no gold there, none they can get feasibly .
They've got a crap mining plant that is broken.
They don't have trust of shareholders because so many times told one thing and did another, the market has moved on from OGX, putting it in the dung pile forget heap.
It's done imho. This last quarter they had to show a 1000 Oz quarter. They said they got 100 Oz in two days, telling people it's possible. So many here held onto that and said hahah see they are on the way up.
Well no, that wasn't the case. They then mined basically nothing for the other 89 days of the entire quarter.
They have cried wolf too many times, now noone wants to listen or care.
My guess is insolvent within 12 months.
Some scenarios I want to throw out there for consideration; Idea...
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