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$2.20 oceanagold corporation

Ann: OceanaGold New Zealand COVID-19 Update, page-42

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jaypol

4,054 Posts.

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26/03/20

14:02

Post #: 43712437
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Originally posted by brianchu82: ↑

Seems like that every mining company is taking its turn to come out and update the market about their operations in light of the coronavirus. Each company that makes an announcement seems to get a pounding on the head, with stock price falling double digit %. But after that, the hardcore investors appear to stick with it realising the governments are all more focused on maintaining their economy so they know that things will be back to normal sooner rather than later. This is notwithstanding how much of the virus has been contained. They must keep sailing.

That probably explains why OGC is on a tear today, it is playing catchup after having to go through the speed hump.

Have not looked as deeply into OGC in the recent quarter as I have been too busy with other things. But I see the company's scope of operations to be adequate in dealing with their debt. As for Didipio, I consider it as an out of the money call option right now. Even then, the current stock price doesn't seem excessive to me.

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ive seen market cap disclosed at 120m and 900m.. whst is the real market cap?

OGC Price at posting: $1.80 Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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