Uncertainty is a killer. The biggest issue in my opinion is Didipio. If the FTAA could be sorted out and signed off definitely then that would remove a gloom cloud even though it will take OGC many months to get it back into full production. But at least it would remove that major negative. Then the pog has been wavering around over the last 3 to 6 months and that has added another doubt to add to Didipio. There has also been a perception that Haile has been difficult and faces problems with covid in the States. So in my opinion there are enough negative perceptions to cool the ardour for OGC. Unfairly in my opinion. I feel sure that once they have the go ahead for Didipio in place and they do a further charm offensive about what their anticipated production levels are likely to be in the next year or so plus we have the pog rising because of the Biden monetary stimulus package than OGC will be rerated upwards.
OGC Price at posting:
$2.31 Sentiment: Buy Disclosure: Held
