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 ...
