Ann: OceanaGold Q3 2019 Results Presentation, page-5

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BlackPeter

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01/11/19

09:45

Post #: 41191521
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Originally posted by BlackPeter: ↑

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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... and did I forget to mention?

Analyst consensus (across 18 analysts) is "BUY": 8.33 out of 10. Not bad.

https://www.marketscreener.com/OCEANAGOLD-CORPORATION-6497051/consensus/

OGC Price at posting: $3.45 Sentiment: Hold Disclosure: Held
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Ann: OceanaGold Q3 2019 Results Presentation, page-5

Top Stories

Bitcoin investors need to know the risks

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Nimy to raise $1.21M to explore 'newsy' WA targets

Immutep reports strong response rate from immunotherapies treating carcinomas

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Almonty locks in govt agreement for tungsten oxide plant in South Korea

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