I don't know why people are comparing OGX to other gold stocks or to the rest of the ASX, This is small caps, remember the collapse of Dow Jones a couple weeks back where ASX fell 6% or so but OGX was one of the only ones to rise that day? We are not affected by the market as much as you'd think. The SP drop today and recently are quite clear to me.
1. We just had a CR.... This is pretty self-explanatory.
2. People are getting worried about the HM3 results since they're well overdue from when we expected them.
We literally have no reason to believe that HM3 will turn out bad. Fundamentally it should work, we are already producing gold from the samplings, a 4th Hammermill is being ordered "50t/h", not to mention that they have started the second shift on HM3 which they stated that they will only start if the first shift shows promise.
OGX Price at posting:
9.7¢ Sentiment: Buy Disclosure: Held
