Feels great to see ogc share price get hammered and mgt committing 40m to just explore for gold in the Blackwater project. Prefer the money be returned to shareholder as a dividend..
I think there will be a shakeout of small gold miners. At least OGC have hedged 80% of production from NZ for next 2 years - so it should survive.
Tad disappointed about the quarterly numbers.
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Feels great to see ogc share price get hammered and mgt...
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