OGC could run to $9 if Gold $2000+ and Didipio Mine approved?, page-64

The most important rule of trading is capital preservation.
This company should have operated in the same way until clarity ensued.
Their so called hedging program ( which was never a hedge in the first place as it was a one way bet on the gold price ) is a complete disaster then couple that with the cash drain from Didipio then a big problem arises which manifested itself on the company balance sheet. And so they rob from future production through debt creation and forward selling and then claim they are cashed up.
Duterte is a loose cannon.This agreement has been with him for quite a while.There is quite obviously a reason for the lack of signing. We just don't know what it is.