OGC 0.00% $2.20 oceanagold corporation

https://www.miningweekly.com/article/oceanagold-still-fighting-fo...

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    https://www.miningweekly.com/article/oceanagold-still-fighting-for-didipio-2020-07-13/rep_id:3650

    https://www.manilastandard.net/lgu/...ewal-pro-mining-groups-urge-kasibu-mayor.html

    Sounds like they gonna give it to them? Tree stuff checking

    https://www.manilatimes.net/2020/08...-firms-ordered-turn-over-logs-to-denr/758850/

    OceanaGold is currently our largest position, having entered at near recent lows. Whilst a gold stock, it’s also a classic turnaround story, soon to be net cash, unhedged, with enviable self-funded organic growth - providing long-life, high-margin production and strong free cashflows. Up until the last 12 months, OceanaGold had 7 consecutive years of delivering or exceeding guidance. A US hurricane (freak rainfall impacting its Haile asset), Philippine interim ban (politics impacting Didipio) and COVID-19 (forced shutdown of their NZ operations) hit them hard, impacting their impeccable track record of delivery. All assets are now turning around.
    Despite being a $2.3b large-cap, it's trading on a mere EV/CY21F FCF of ~4.5x based on spot gold (as will be unhedged from 1/1/21) and assuming Didipio ramps up from 1Q21. In comparison, its Aussie gold peers are trading on ~15x CY21F FCF. Even without Didipio, OceanaGold is trading on EV/CY21F FCF of <8x. OceanaGold is very well placed to go up 2-3x inside the next 2 yrs.

    https://www.livewiremarkets.com/wires/the-bull-market-in-gold-is-just-getting-started
 
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