Way Oversold!, page-64

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13/08/18

10:53

Post #: 34893678
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Originally posted by sirjohnnyboy ↑

From what I can understand, OGX has been way oversold because of some vulture panic.

The company has been trying it's best to put out accurate information with on-site videos ...including of the gold in the gold room -that wasn't staged I can assure you.

Yes I am bitterly disappointed in the production figures for last month (found out in the quarterly like everyone else) and have not sold any shares or options.

In any case there are a few things we are not taking into account AFAICT:

Production is still very low because of ongoing breakdowns.

Breakdowns are getting sorted (imagine having to use a bobcat instead of a loader 7 times the capacity and greater speed).

Other areas continue to show great promise and exploration is continuing.

The intermediate zone is going to give us good short term cash so it seems as soon as we can get the ore out.

Costs are low and getting lower.

No need for panic ...we just need to fix to problems.

The possible theft is being addressed.

Cyanide treatment will help solve any fine gold problem as well as tailings and sulphide gold in Antena (5 klm away and other areas. Even Sertao is only 20 klm away.

The plant is almost new and has excess capacity and operation is improving.

I'm not selling in panic -I'm not selling at all.

Lets get this show on the road.

SJB

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IMO now way oversold and CR priced in. Time to pull the trigger again.
OGX Price at posting: 4.4¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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