The basic premise is that if the planned developments go ahead, the production coming on line will water down the effect of the hedging (they are currently 40% hedged)
Plus there will be a capital raising of some sort.
Once the capital raising is out of the way, and evidence gathers that the new development is withing guidelines, then the stock will be significantly rerated.
I suppose it doesnt hurt to have a north american spruiker and a north american listing if you are about to rattle the tin, no?
OGD
oceana gold limited
truth hurts, page-4
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