OGC 0.00% $2.20 oceanagold corporation

If that's "as bad as it gets", then it must be time to buy...

  1. 588 Posts.
    lightbulb Created with Sketch. 100
    If that's "as bad as it gets", then it must be time to buy now;

    ASIC dropping across all major gold fields. This is good.

    Improved production expected in Q4 for both Haile and Macraes; This is good as well.

    Company well profitable without Didipio;

    And hey - if they get Didipio online again, than this would be an amazing bonus - wouldn't it?
    Sure - the outcome is open and hard to estimate the chances, but I don't see them as a lost cause. The current situation is just a move in a negotiation process. And while the Philippines government appears to be quite Trumpesk, I don't think they are dumb. OGC offers a lot of jobs and social benefits in this area ... nothing to be spit at.

    Anyway - holding ... but if the SP drops below $3 I am happy to join the queue together with you and buy some more.

    Ah yes - here are some other price points for OGC:

    Analyst consensus (on market screener) is currently US$3.86 - this is AU$ 5.60.
    DCF calculation (Share Clarity) is AU$3.63;
    Current (10 years) backward PE is 7.3. If we deem a PE of 10 for a gold miner "good enough", than the share would be worth AU$4.72;

    $3 would sound like an amazing deal .. but hey - dreams are free ...
 
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