I have been investing in the sharemarket for 5o years. I have learnt that cap raisings are rarely good for the share price. This company will do another cap raise because they will need to make further investments to
a. recover all the available gold and b. Fund the exploration programme. Eventually it may all work out but not in the short term.
OGX Price at posting:
5.1¢ Sentiment: Hold Disclosure: Held