Yes it's definitely going in the right direction with selling from top shareholders having abated & maybe Baker Steel still accumulating. Still potential for a happy ending to this story as it has huge leverage to the NZ goldprice and most importantly the BOD haven't diluted shareholders so only a reasonable number of shares on issue - we want that situation to continue if we are to get a decent kick in the shareprice. We won't get Q4/yearend results until Feb27 but they have signalled a better Q4 with higher production. It will be interesting to see if their auditors force them to make a substantial provision against their Dipidio expenditure - I would expect one if the BOD don't come up with what looks like a firm proposal for sale or JV by sign-off date.
OGC Price at posting:
27.5¢ Sentiment: Hold Disclosure: Held