what and when, page-178

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groundswell

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114

02/11/18

05:22

Post #: 36360793
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Originally posted by Mari05 ↑

In all fairness the only one that I recall predicting the SP would bottom to around 1c was the Millionaire-you may fInd hIm at your local dentist or donut shop!! GLTY MIllionaire ( no offence)
The rest of you so called "told you so's" apart from maybe Esh and many q's (with his tedious repetitiveness-lol) were nowhere to be seen.

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Originally posted by groundswell ↑

Would you consider it a buy at 2c as a short term trade? Or as investable?

On comparison to other explorers they’re way over capped imo. I can’t see how they could possibly be valued as a producer - they’ve provided pretty much zero evidence of any quantity of ecomically extractable ore. I really think $10 to $20 million market cap would be generous for what we know at the moment - and that would be after shoring up capital to prove they’re not about to bleed to death.

I think 1c to 1.5c would be a more realistic valuation.

And why anyone is willing to pay 2c for the OGXOD options is totally beyond me - they have a strike price of 11c and the heads are trading at 4.5.

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I called a valuation of 1 to 1.5c back at the start of August (see 2nd post quoted above from different thread ‘Investor Trip’ on 10 August - price was 4.5c at the time)

Last edited by groundswell: 02/11/18

OGX Price at posting: 1.7¢ Sentiment: None Disclosure: Not Held
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1 Great analysis

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what and when, page-178

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