Orinoco Gold SP (OGX) on the rise. Trafford Resources as at 30/09/2013 owns 13,092,876 million shares or 17.11%. Orinoco Gold has a tight register with 76.5 million shares on the register. Top 20 investors have largely remained unchanged.
Fed Reserve meets early next week, it looks like another round of Quantative Easing could be on the cards with a lagging US economy. If Spot Gold does take off, bargain hunters will be coming in gaining exposure to Gold Stocks.
Lets not forget when the OGX SP goes up, so does the value of our large holding in OGX and so do Our Net Assets, making our overall financial performance (Balance Sheet) appear even stronger to the market at large, for investors and fund managers. This holding can be either later disinvested and used for future acquisitions, exploration or even returned back to Shareholders. Like TRF's Robust Resources (ROL) investment which we all know about, returned $17 million back from a $2 million investment. A great strategy by TRF.
OGX-TRF allegiance could really surprise next few weeks.
TRF Price at posting:
12.5¢ Sentiment: LT Buy Disclosure: Held
