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0.00% $2.20 oceanagold corporation

re: Ann: OGC Announces Second Quarter 2012 Re... Indeed another...

  1. Legume
    5,583 Posts.
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    29/07/12
    17:06
    Post #: 10496392
    re: Ann: OGC Announces Second Quarter 2012 Re... Indeed another pathetic quarter. Again no profit from the NZ operations, there's no point for them to even run - just a waste of money.

    I see the group has also opened up a credit facility with the banks to cover for the bonds due in 2012 and 2013. And here I thought the 'positive' cashflow from the NZ operations were supposed to fund the debt repayments, apparently not, MORE and NEW debt to cover the inability to repay old debts. And we wonder why half the banks around the world are in trouble and asking to be recapitalized :/
    OGC Price at posting: $2.01 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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