I did the same, but for a loss since I bought at $3.00.
Another thing I did not like which I have not mentioned previously is that Waihi will not be producing gold for about 1 year from March 2020 after the existing deposit is depleted and before a new underground mine is developed by early 2021.
However, if the USD POG heads over 1600 then OGC will go for a good run on hopium.
At present there are too many balls in the air for OGC, and it will be paying a dividend from borrowings and getting further into debt over the next 12-18 months without Dipidio being back in operation.
GLA
loki
- Forums
- ASX - By Stock
- OGC
- WTF?
WTF?, page-53
-
- There are more pages in this discussion • 31 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)