SaltMy take is that discussions will need to be held between all...

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Merchant2000

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06/03/19

13:19

Post #: 37671255
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Originally posted by Saltiga62: ↑

G'Day Q - J.V.-with Anglo 7Mil spend it would be approx two years of healthy exploration budget, clearly their are extremely advanced
exploration targets with very high discovery potential, if its spent in one year then the exploration advancement would have been increased due to results being outstanding & thus justified .

Anything of considerable promises will advance Orinoco's share price prior to any further exploration contributions being required
by OGX -any significant discovery will attract attention of bigger players wishing to take a stake giving OGX negotiation options.
Clearly CRH are keen to see advancement -the Gold Royalty agreement is telling .
As for the order its Ann whats first ?
I have little doubt myself that a CR will be taken up-exploration discovery within OGX's tenure is just to big to ignore,
any J.V. -agreement with Cascavel given Anglo would have to stump up cash for a 50 % stake will in turn help secure
Cascavel by providing capital needed -would like to see a flotation cell incorporated into the gravity circuit & the useless
sluices discarded, this would certainly increase recovery -i'm sure a plan has already been worked out taking into account R.R.
recommendations.
Your either in or out-each to their own, we will all know soon enough.
imo-gltah
salt

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Salt
My take is that discussions will need to be held between all parties simultaneously before any decisions are made
Anglo interests
Anglo JV terms
Cartesian gold debt terms and security over assets
ogx Board
and maybe Magna
All these parties have their own interests etc
Imo
Problem is finding a solution to satisfy all parties is no easy feat and then where do retail holders interests come into play

Last edited by Merchant2000: 06/03/19

OGX Price at posting: 0.5¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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