Down in Canada on large volume but still above ASX close yesterday. Maybe fear factor of release of annual results/accounts late this afternoon might restrict advance today but should regain momentum tomorrow after analysis from brokers covering the stock such as Macquarie Bank & Merrill Lynch - expect recommendation to clients to buy. Any write-down in Balance Sheet value of $325 million for Dipidio will be meaningless for the value of the stock going forward and the stock would be a strong buy on any negative price reaction to such a writedown.
OGC Price at posting:
63.5¢ Sentiment: LT Buy Disclosure: Held