This is good news that I have been hoping for, but cannot say I was waiting for. Definitely out of my expectations. When it traded at $1.80 a month ago, I did add a small stake and what do you know, it now could be boosted up with this news. However, have to keep an eye on the company's cash balance and debt level to see whether further financing is needed to get the Didipio mine back in production.
Overall, good news as the company has been having a rather bad run, at least in my view, for the last 12 months. So it is back in the game.
OGC Price at posting:
$2.50 Sentiment: Buy Disclosure: Held