OGC 0.00% $2.20 oceanagold corporation

Interested in other thoughts on the 3rd quarter results.My...

  1. 54 Posts.
    Interested in other thoughts on the 3rd quarter results.

    My personal assessment was that they were ok. The company really needs to start showing some better results in production to turn this share price into a bargain. Price around $2.50 is about on the mark for this result in my opinion.

    The difference between 250,000oz production and 275,000oz is massive in terms of bottom line result when making cash margin of $750 per oz which is quite good and at historic highs for the company.

    Fluctuations come from differences in ore body being mined in the quarter and snow storms did not help at the bigger of the two mines.



 
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