Exactly, didipo mothballed costing 2 mill pa., not a biggy, tht means the company has to increase its production by 5000 ounces to elimininate this downfall.
The company will continue to produce 250-270,000 ounces at an ever increasing profit with costs coming down as kiwi-USD improves (watch it over the next few months)
OGC represents the best opportunity for USD negatives to hedge THEIR investments.
better than USD bonds giving 0% return for 90 days and 2.5% return for ten years (.25pa.!!!)
OGC Price at posting:
18.0¢ Sentiment: ST Buy Disclosure: Held