Maybe there are still some Index Funds that have to sell this as they won't be able to hold now that OGC is out of the All Ords Index.
OGC investing for the future in 2021 & 2022 which won't do their bank balance any good this year or next.
A quick snapshot for 2021 cashflow-$USmil
Gold production: 360k ozs @ $1700 = 612
AISC: $1125/oz = (405)
Capital investments (295)
Shortfall in cashflow (88)
So bank balance of $179mil (at 31Dec20)will take a big hit this year. And how much will it cost to get Didipio up and running?
OGC Price at posting:
$1.94 Sentiment: None Disclosure: Not Held