Seems to me that this stock is suffereing from something unrelated to the fortunes of the gold price / aussie dollar. Not sure what it is, because from all accounts it seems to be fundamentally a great value buy.
Why it has failed to take part in the couple of years' upward momentum of gold itself and the great majority of other gold stocks is a bit of a mystery to me ... but the market often knows something that the average punter doesn't, so maybe it will eventually become obvious.
Having said that, I am seriously thinking of buying some OGC soon... am just wondering if even better prices may present themselves soon, based on the recent SP activity.
Either way, I will continue to watch OGC closely, as it looks too good to be ignored forever.
Wayne
OGC Price at posting:
$2.29 Sentiment: LT Buy Disclosure: Held