Ouch. This information was not available to the TSX market during last night's trading session, so tonight it will impact on the share price, and that in turn will influence what it trades for the next day on the ASX. Its still a reasonable AISC forecast for the year given the current gold price, if you believe the figures. However, hedging and the repayment of the 48k gold pre-pay will be major negatives on receipts.
OGC got USD1925/ounce on the gold prepay, which is good given that the bankers do not know what the gold price will be when its repaid next year.
I am still interested in getting back into OGC at the right time and price.
GLA.
loki
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