OGC 0.00% $2.20 oceanagold corporation

Capital raising could be used to pay back debt or close the...

  1. 19,549 Posts.
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    Capital raising could be used to pay back debt or close the hedge out.

    Todays finacial result for FY09 reads well.

    Though debt is my only negative.

    Key highlights include:

    Gold sales 300,044 ounces
    Cash cost per ounce sold US$411 per ounce
    Cash flow from operations US$94.2 million
    Cash and cash equivalents at year end US$42.4 million
    Net earnings US$54.5 million
 
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Currently unlisted public company.

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