Salt IMOYou keep saying a JV a no brainer - nothing is ever...

Salt 


IMO
You keep saying a JV a no brainer - nothing is ever certain 

Anglo has many choices from here onwards 

Anglo can wait until Cartesian owns all assets as this situation can be possible with the current funds and proposed CR 

Anglo always has the right to walk away from any JV even if capital  raised and Cascavel isn't viable  in short term - cash burn from CR and then deal with Cartesian direct 

IMO

Cartesian have provided ogx a life line - but imo only to help themselves get as much of the gold debt payable as possible

I believe Anglo will go ahead but with that walk away clause anything may be possible down the track as imo this $5m may be the last capital raise possible 

IF a $5m CR is achieved and OGX can surpass breakeven status before the $5m is burnt - anything is possible  although imo $5m is not a lot of money to get Cascavel in order with machinery etc...

Anglo do not have to spend the entire JV exploration funds immediately  - so they have plenty of time to assess ongoing activities etc... 


DYOR