re: Ann: OceanaGold Posts Strong First Quarte...
Gotta luv the enthusiam in these media releases.
"Cash operating margins continued to be strong at $714 per ounce, a 272% gain on Q1 2010 with 100% of production now being sold into the spot market."
I bet the directors will put this down to expert management and hand themselves lucrative bonuses for their hard work. When in fact shareholders paid through the nose to put the company in this position. How many Capital Raisings were done past couple of years? someone please remind me and at what prices?
OGC Price at posting:
$2.68 Sentiment: Buy Disclosure: Held