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batboy

4,302 Posts.

831

03/11/18

18:06

Post #: 36380157
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Originally posted by koulamav: ↑

Batboy, delay in mining followed by plant not working the way it should has put things behind 6 months. Cartesian payments keeping pressure on the books. Imo Anglo interest is more predatory rather than partnership. By not taking final options they forced these CN not giving management time to raise via CR. I think Anglo will make a move once 12c options expire. If they were genuine in going towards a JV they easily would have sorted the plant, even providing a cil arrangement among other areas a major could assist. Personally I think Ogx will survive if not taken over, the real risk in my eyes is consolidation.

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you may be right
but what if the plant is sorted enough now
what would they do if they saw us finally getting a grip on it

and as far as those 11 cent options go
well its a year away and they would do well to exercise them to increase their holding if they are predating
wouldn't they?

OGX Price at posting: 1.6¢ Sentiment: Buy Disclosure: Held
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