OGX - Orinoco Gold

Trav. said:

Trading Halt for potential capital raise. Not sure what the intent here is as currently OGX are trading @ 1.5cps so it will be interesting to see how this deal will be structured.

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Never great having to raise when the share price is near the lows … On the flip side, if they can get some cash in the coffers, at least they have a chance of doing something …. tough times

Well there is still some life in OGX. Now to hold or take a loss....listen to head or heart....

https://www.asx.com.au/asx/share-price-research/company/OGX

G'day Trav. that loan appears to be going through today, so far turnover is $176,856 with a volume of 14,245,884. That is going to create a spike. Somewhere tech/a mentioned he has noticed a big drop in price after a volume spike. It has fallen 33.13% so far today, wonder how far down tomorrow? I reckon this will eventually be subjected to a pump down the track. However it will be interesting to see how high it will be pumped up to until it falls away. Perhaps in another couple of months there will be another pump before they dump it. If anyone has PVI (Positive Volume Index) on their charts it might be worth watching as they churn it through the accumulation phase.

Well it had to happen.....company was under administration for a while now delisted..

No more speccies for Trav




And extract from administration update 27/4/20, nice capital loss coming my way
https://www.asx.com.au/asxpdf/20200427/pdf/44h8v0jy4p6ysj.pdf