It appeared to me as if the share price was being supported on the TSX last night during high volume selling, and the closing price there was only 2 cents below the CAD2.06 of the CR. Closing date for the offer is 19 October, and I expect the underwriters will continue to support the share price at least until the shares are placed.
The TSX closing price equates to around AUD2.14.
If the gold price tanks under USD1800/ounce OGC shares may trade under $2.00.
I wanna see some info on OGC's current performance, and revised projections, if things have changed.
loki
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