Simply put Summerland... despite the rising gold price a company like OGC has failed time and time again to increase their operating margins. In effect, a rising gold price does nothing to enhance OGC shareholder value. But the real question is, when the gold price does drop, will OGC operating margins be squeezed into the negative?
I don't like 'em one bit, and the market doesn't like 'em one bit. If you want a share price that will go through the roof, then go find a group that actually knows how to operate a mine - OGC managers don't have a clue.
OGC Price at posting:
$1.99 Sentiment: Sell Disclosure: Not Held