I don’t usually get into gold stocks (usually only v/high risk spec plays) but after watching OGX for a while and seeing the grades today it caught me at the right time. The turn around play here looks promising with a relatively low MC for its potential. Alex Molyneux has an interest in OGX which gives me added confidence, especially on the management, as he is very well connected to major money guys.
Sector wise Gold is looking like a healthy return in ST and MT due to a number of macro factors. The uncertainty and fear around crypto could be a decent catalyst but also (in)stability of the US markets nearer their Mid-Term elections is something to keep a close eye on imo.
Anyway GL everyone
Onspeed
OGX Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held
