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23/04/18
14:44
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Originally posted by Peacegirl69
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Hi all
New to HC.
I live mining stocks, so a few comments;
When I compare ogx to both try and blk I am quite surprises and feel that either ogx is over priced or the otgers underpriced.
Both of these other 2 listed companies have 1.2 billion shares for blk and 450 million for try but both are producing around 20000 oz a quarter at 1100 aisc. Blk is 7 c and try is 12 c
Ogx has now over 1 billion shares bit a share price of 8 c but it only produced 130 oz in the last quarter! Aisc no idea.
Why is ogx management constantly missing their Ann commitments?
Reading through the last 3 months they have missed monthly production updates, said they would process high grade ore but then don't, and say results are coming out this week but then don't post til the next week at best. That's very concerning as an investor
I saw one of the directors is buying and selling shares on market right before an announcement. Does that concern many? Seems like off behaviour. I didn't think directors could trade on open mkt before announcements ?
So far all we have is grade of 6 g mined for 600 tonnes. That's the best we have seen. I know this company has said 20-30 g/tonne in samples bit has anyone seen these samples?
Has anyone seen the 130 oz dore ? Strange there is no pictures showing their first dore pour....
Reading through posts there is a lot of positive sentiment on the stock even though management have been missing their own commit dates.
Why are posters just ignoring or blowing these realistic and measured comments away as fluff?
Feels a bit like emu head in the sand of most holders hoping for the best but ignoring some important signals and degrading transparency since the CR
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