this qtr is make or break.some say its already broken and was a long time ago i disagree i think we are getting things under control although very slowly, and will survive.
i wish i knew what anglo are thinking
Batboy,
I think Anglo would be thinking the same way- This Qtr is make or break.
I also think they would be thinking ogx have made a lot of mistakes this year including exploration which you have rightly pointed out.
And they are likely to make more mistakes and/ or just not succeed.
The question is- What is the likeliness of a turn around? It's definitely not 50% chance so you can count that out without a doubt IMO.
I would say in my honest opinion they have no more than a 5% chance tops. And that's being generous.
Before, it was a question of what they needed to become cash-flow positive and/ or break-even, but now it's a question of How much they need to produce to stay afloat and survive and within what time-frame.
If, they last a year, I'd be very surprised. IMO, I think trading will be suspended indefinitely within 6 months.
