the call option with 1200 strike is helping gold price power up in the last couple of days. Along with rumours of reserve banks increasing their stake in Gold.
OGC has brights days ahead, as i said in this post 1.4 was the new floor.
I think that investors of OGC are starting to price in the spot gold price as the hedged position is expiring very soon. With the recent reserve increase OGC, this company is worth a lot more that its currently at.
I was shocked to see the SP hit 1.9 so fast, i'm out today but definitely will be coming back if the price is right!
OGC Price at posting:
$1.95 Sentiment: ST Buy Disclosure: Held