NCM is racing because of the news they released today. They have...

NCM is racing because of the news they released today. They have had a massive strike at their Wafi-Golpu mine and the rest of their market update aint too shabby either.

It is disappointing to see OGC trading like this. I think it is still some negative sentiment from the news that was released by 3rd parties regarding their didipio mine and I think the NZ earthquake even though I am sure it hasnt effected OGC's mines has compounded this negative sentiment.

Perhaps we have some big players with big cash colluding to sell this one down for a time because they see a money making opportunity. I am not sure. I am not normally one to go for the old conspiracy theory in relation to stocks.

However if it gets down to the 2.20 or 2.30's region I may look at buying more and I think it will get to a point where we will see a lot of eyes eyeballing this stock as a cheap entry ?? If not already.

I dont think the fundamentals for this stock have changed since it was in the $3 to $4 region. They raised money at $3.50. It was trading at this level 1 year ago with gold in the US$1150 region so it is a bit weird at the moment. However because it is so low now, it may take some time to get back into the $3 region.