OGX 0.00% 0.3¢ orinoco gold limited

IMO The Cartesian group agreement of 1000 ounces equivalent Paid...

  1. 21,950 Posts.
    lightbulb Created with Sketch. 899
    IMO
    The Cartesian group agreement of 1000 ounces equivalent Paid in cash every quarter is IMO putting ogx under severe pressure
    IMO
    This is an example of business is business
    The money has to be repaid regardless of where it comes from

    This 1000 ounces cash payment equates to around $1.7m plus or so every 3 months and is due regardless and on top of costs of production
    Next payment due February 2019

    Dyor
 
watchlist Created with Sketch. Add OGX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.