Oh, I should point out that OSG has total debt of $176M with net...

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jogo

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04/05/19

01:14

Post #: 38405895
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Originally posted by jogo: ↑

Hey @colinchi, why have you become favourable on OGC all of a sudden? The company has been maintaining its production/risk profile for quite some time without any interest from you or most others to be honest. I have maintained an interest in OGC for a few years as an unloved duckling even though it has a spread of mines across different jurisdictions. Even in the riskiest (The Philippines) it has a solid mine without government interference but with a very low AISC.
I bought a few more on the recent SP fall but place it reasonably valued as a mid-tier producer with an estimated annual production of 525 oz. Its EV to gross earnings yield less the average AISC at 8.8 is well up without being ultra high but neither is it cheap on that measure.
I would think AQG is better value while the latest SP fall in RRL is starting to look interesting.

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Oh, I should point out that OSG has total debt of $176M with net debt at $68M compared with RRL at $0 debt and cash of $190M. St Barbara with cash at $382M and no debt with an EV to gross earnings less AISC of 4.8 is also interesting.

OGC Price at posting: $3.85 Sentiment: Hold Disclosure: Held
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Oh, I should point out that OSG has total debt of $176M with net...

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