OGC (ASX) Ann: OceanaGold Corporate Update Presentation

Originally posted by Gwaihir: ↑

Hi Sentia, thanks for your reply.

Yeh. I agree that it's an interesting discussion, and good to have it with you.

I like OGC, and I was invested a couple of years ago, but took profits then.

I'd like to reinvest at some stage because I think they are a well run company, possibly with slight delusions of grandeur, but nevertheless, a well run company.

Also, as an Aussie, I lived in New Zealand for a few years, and I love the Kiwis. I've got heaps of Kiwi movies, and love that sense of humour. The country is beautiful and the people are lovely. I lived and worked in Wellington.

However, I dislike the Philippines government, they are a bunch of Marxist criminals in power, and I don't know how a population ever lets themselves get ruled by such people. Some African country are the same. In fact, many countries around the world who align themselves politically with China tend to go the same way. China has moved into Africa in a big way, there are some countries in Africa I wouldn't even consider looking at, even if they had ASX companies involved there.

I still think it's time for OGC to cut back costs, and management in these circumstances usually are expected to set the example, even if it comes to temporary leave or even temporary resignations or similar.

You can't stand down 85% of staff at one mine and still expect management to have an excessive number of vice presidents earning $700k or whatever and employing up to 7 secretaries and assistants and administrators each. It's just another company killer. Sure, keep them on as long as you can, but at the same time, be realistic and practical. Some good managements, who really care about their company, take the steps voluntarily themselves anyway, and these are companies I look for and research.

Anyway, let's see how it plays out eh Sentia.

In the meantime, you and your family stay healthy and safe.

Happy Easter.

Cheers,
Gw

Expand

How much time have you spent in the Philippines? I'm guessing, none. If you had, there would be no need for statements such as "I don't know how a population ever lets themselves get ruled by such people".

And if you live in a privileged country like Australia, or New Zealand, and have no clue about the difficulties faced by these 'China aligned' countries, its easy to deride the actions of their governments from the comfort of your poolside lounge chair.

Really, why can't they just be more like us, eh?

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