ogc over $1 next week, page-14

A few thoughts;

50 and 200dma look like converging in mid 50c area over the next week which will provide strong support if 65c does not hold here. Ill look to add to position in this area after taking profits recently. Need to watch 890 and 875 supports for gold. (DOM, AND and MML are others to look at lower sp)

OGC have not indicated a capital raising is not in the plan short term. Why sell out cheap when they dont need to?

They have significant cash flow now and are undervalued on production basis with Didipio waiting on the runway for funding. With the copper price breaking out and higher gold price the longer they leave this easier it will be to fund and likely the higher gold/copper price recieved. I still think if the right offer was tabled for Didipio then OGC would sell or JV this project.

At a latter point a capital raising could be made to take out some of the hedging and/or debt. This should be done at >>$1/share.

Just my 2cents.