OGC 0.00% $2.20 oceanagold corporation

I presume this change of heart by the President is due to a...

  1. 11,117 Posts.
    lightbulb Created with Sketch. 626
    I presume this change of heart by the President is due to a waning of Chinese government influence on him.

    OGC's sacking of its workforce may also have played a part in this decision.

    I bought a small holding this morning. Its a pure spec play on the assumption that the mine does re-open otherwise I am out.

    As I said a while ago, OGC has a lot of debt and capex ahead of it, and we know that the Haile mine has been struggling due to COVID and other issues. There will be some re-start costs at Dipidio, but its been a highly profitable mine and the net cashflow from it would be a contributor in turning OGC's financial position around.

    I am not sure if the local governor will still hinder the transport of goods into/out of the mine.

    GLA.

    loki
 
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