The equity deal was a must... we need to raise cap in order to fund future projects... especially in circumstances where the idea of issuing shares as payment is rejected by the contractors due to the precedence of this company... we have faith but someone just looking at the stats and figures would consider this a high risk - maybe once further clarification is recieved in terms of the recent gold finding we might be in a better spot with high interest.
Like the equity share deal, can only point to an expected rise and confidence in the drill. It makes me wonder why people focus on those they believe to be "pump and dump" when there is a company out there spending good money on drilling with results for all to see. These things don't happen overnight, but it seems it's now their (Orogen's) time. This is what it's all about is it not? We are all here to make our own little pot of gold, and this one certainly looks like we've found some. Happy days. GLA
'Equity-for-drilling' agreement with a Lebanese drilling contractor with an agreed issue price of 0.20p per share, representing a significant premium to the recent price. Shares issued under the agreement are subject to a two year lock in.
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