From another Forum:
"ALERT: WATCH OCEANA GOLD for a REVERSAL to UPSIDE
OCANF $2.08 Tue 8 Sept - already in BUY Range, only 15 cents away from the Jan 2016 Low! - but WAIT for the Bottom.
trying to figure why it's down by a third from $3 to $2 -
OCANF broke below the 50 DMA Fri 28 Aug & has been falling ever since, falling (25%) from $2.50 to $2 in Sept. the (25%) plunge below the 50 DMA this month has me scratching my head. imho, just an over-reaction to Gold going Lower.
https://stockcharts.com/h-sc/ui?s=OCANF&p=CVX&yr=1&mn=0&dy=0&id=p33209292691&a=508730907&fbclid=IwAR3SQoYQXuHp-bdq_6sG1eSJxpvYzcfzf4n1O_XsXANdL7kwrznkZATl5bk .
OCANF hit it's recent High 2 weeks before Gold did:
https://stockcharts.com/h-sc/ui?s=$GOLD&p=CVX&yr=1&mn=0&dy=0&id=p33209292691&a=508730907&fbclid=IwAR3SQoYQXuHp-bdq_6sG1eSJxpvYzcfzf4n1O_XsXANdL7kwrznkZATl5bk .
Didipio in Philippines iz idled, but that haz been the case for a year now. They had good news 6 Aug a month ago on getting the permits for WKP in New Zealand:
OceanaGold secures permit for WKPAug. 6, 2020 1:50 PM ET|About:
OceanaGold Corporation (OCANF)|By:
Vandana Singh, SA News Editor
OceanaGold (
OTCPK:OCANF -3.1%)
has been granted a mining permit for Wharekirauponga (WKP) in New Zealand, granting the company exclusive right to the WKP mineral resource.
WKP currently has an indicated resource of 421,000 oz of gold at 13.4 g/t gold and an inferred resource of 717,000 oz at 12 g/t gold.
First underground production from WKP is currently estimated in 2026, with processing taking place at the existing Waihi plant. The WKP resource is currently expected to produce some 190,000 oz to 230,000 oz annually.
https://seekingalpha.com/news/3602159-oceanagold-secures-permit-for-wkp .
Mining At Haile Continues To Improve also
Haile iz the reason to own Oceana; it is near Charlotte, NC, the largest gold mine east of the Mississippi.
https://seekingalpha.com/symbol/OCANF .
5-yr chart w Gold @ Bottom:
https://stockcharts.com/h-sc/ui?s=OCANF&p=D&st=2015-01-01&en=today&id=p55290424999&a=495942258&fbclid=IwAR2lqYI-I9G3gpsfB-Wzzq8K3RkdNLQBljt5RwUOH7j6-gb6mpb5ahne7CE .
OCANF iz only 15 cents away from the Jan 2016 Low! see 10-yr chart:
https://stockcharts.com/h-sc/ui?s=OCANF&p=W&st=2011-01-01&en=today&id=p42729294842&a=533176265&fbclid=IwAR25lHk8sPI1FOxU7GNFUqceqAIv_JcjDBUasXZrqdldjVDtri6Dr--GX4c .
. . . much more about Oceana & Haile in my note:
(not updated since Jan 2020, but doing that now)
."
