You're right Steven, the sellers can't read a gold producer's balance sheet, the Didipio deal is a run to nothing at present, there is no ACTUAL loss in the hedges, depreciation is immense and the reality is the company has strong cash flow and high expectations in lieu of a strongly rising gold price. Sellers are taking profits and speculators cutting their losses from yesterday, the faithful however will be rewarded for their persistence.
Once REAL analysts evaluate the annual report watch the positive reccomendations. This is a $2.00 stock.
OGC Price at posting:
59.0¢ Sentiment: ST Buy Disclosure: Held
