Ann: OceanaGold New Zealand COVID-19 Update, page-23

Calling Dutertes bluff hasn’t been a winning strategy for those that have done so thus far. A pissy little Australian mining company puffing it’s chest to see who “blinks first” will be nothing but a short suicide note tossed aside before the Presidents breakfast.

Duterte recently terminated the VFA with the United States. If you understand the balls behind doing this you’ll realise that Oceanagold is completely at the mercy of a political economy it clearly never understood. God, this mess really pisses me off, if you’ll forgive my language.

I hoping with the rest of you that the FTAA is renewed. OGCs debt bothers me too much, too often when I look at my holdings. Now, another mine shuts down? Didipio worried me right from the start, right from the moment this farce first unfolded. Now this? The market valuing Didipio at zero makes a lot of sense right now. OGC might become so cheap it’s a Hail Mary punt for those that really are gamblers.