OGX 0.00% 0.3¢ orinoco gold limited

IMO, Wait until quarterly activities and cash report due end of...

  1. 21,923 Posts.
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    IMO,

    Wait until quarterly activities and cash report due end of October

    If production is under 1000 oz for quarter - then imo it can be assumed that the CN has been the source of survival

    1000- 1500 oz a qtr or thereabouts cannot imo sustain a share price above 1c - as the Gold debt and liabilities and operating expenses far exceed these possible cashflows from production

    IMO, need August and September production to come in as close to 1000oz per month as possible

    IMO, they would have announced production levels to the market if they were well above the last 2 quarters

    Shareholders deserve to know what is going on while the share price is in freefall for 6 months plus

    DYOR
    Last edited by Merchant2000: 25/09/18
 
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