OGC is up 4.4% on the TSX to CAD3.32 (high was 3.37). Most goldies fell last night, GDXJ down 1.89%, GDX down 1.38%, HUI down 1.77% so in a relative sense OGC is up about 6.2% against the HUI index. However, I was expecting a lot more from OGC, a jump to $3.50 would have been appropriate. Maybe I am missing something here, like lack of interest in goldies with country risk.
Perhaps it will take a few days for the message to get around once the brokers upgrade their price targets for OGC.
So there is still a good opportunity for speculators to get cheap OGC shares.
loki
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