Despite the bets and the beers, OGC is looking so cheap it ain't funny - particularly for stupid holders like myself.
This would have to be the best longish term value gold stock on the ASX. I think that people realise this which sort of explains its weirdish price behaviour. It'll jump up when gold is down (because of the inherent value)- but the next day when gold is up it'll fall further down (because of Didipio probs and the wind).
I reckon that OGC will end up about 4-8%, maybe even more, simply because gold is down.
But will it start heading back to 2 bucks? Not yet.
OGC Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
