MOD mod resources limited

OGC could buy back Sams Creek?

  1. 3,998 Posts.
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    I posted this on the OGC thread just to get some reaction. What are the thoughts on this thread? Is Sams Creek worth hanging onto after so much positive drilling? For the record, I hold both stocks.

    "While Dipidio is clearly a winner, the current operating NZ gold mines are not so much. One option OGC could consider is buying back the 60% of Sams Creek they do not still own from MOD. It looks a good sizeable prospect (albeit in an environmentally sensitive area) and with MOD now diverting all their attention and resources towards Botswana, the time is right to pick it up for a song? MOD is capitalised at $7M so chump change for OGC, even with just Dipidio cashflow to play with. Thoughts?"
 
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