Macquarie Bank accused of manipulating stock, page-16

First 16 Last

Share
Profile

Follow
asculpeous

697 Posts.

229

24/02/18

13:08

Post #: 31312645
Share

Originally posted by eshmun ↑

Just keep your hat on and read the auditors statement and think about the money involved to test and mine such an unusual mineralised system if you can even call it that yet, as the information remains sketchy and hard to digest in relation to any other conventional project I’ve ever come across.

If the play is dumping shares on starry eyed investors there aren’t that many starry eyed people lining up yet but no doubt there will be when the pump is on. I’m not interest in risking my money in that way even if I think the chance of this happening is reasonable because I just don’t believe in the merits of this story so far.

I’ve been a holder of OGX since the failed start up at Cascavel with an average of 12cents per share so I know what the roller coaster ride has been like, you can check all my posts going back to this time for my unbiased commentary.. I invested in OGX because it looked like a high grade conventional mine that only needed a gravity circuit to liberate the gold plus it had potential for a cyandide circuit and expansion for later down the track to further enhance recoveries and production. I also invested because the company controlled practically a complete greenstone belt containing a number of other prospects besides the Cascavel mine, including potential for various targeted mineralised styles. The commissioning of the mine was a complete disaster but that didn’t detract from the original basis of my investment which shined through when AngloGold came on board as JV partners and vindicated my original reasoning. Anglo helped fund the turnaround at the mine which seems to be underway. I had written the company off to the bottom draw but knew the potential was there and still remains there for the future as the belt is probably hiding some more gems. Esh

Expand

Agree that it is a high risk play,but that's where big money is made.We differ on what constitutes enough to undertake the risk wih a financial commitment.By the time all the uncertainties are taken out ,BBX could be a 10 bagger from here.
Are you still in OGX?
OGX looked like a low risk play when many invested and subsequently sold out when the mine didn't produce.
Fear, greed,risk, risk tolerance etc ......all come into play.Our matrixs are different.

BBX Price at posting: 21.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

ASX Market Open: Trump-led market run falters in new week | November 18, 2024

HotCopper Highlights: Your most watched stocks for Week 46, 2024

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

There are more pages in this discussion • 35 more messages in this thread...

First 16 Last

Add BBX (ASX) to my watchlist

Macquarie Bank accused of manipulating stock, page-16

Top Stories

ASX Market Open: Trump-led market run falters in new week | November 18, 2024

HotCopper Highlights: Your most watched stocks for Week 46, 2024

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

Featured News