letter from management

Here is an email I received from Darren Klinck (Vice Presedent) regarding my recent queries on OGC`s share price performance here and in Toronto.

Thanks Darren for your reply if you ever visit HotCopper.


Dear XXXX

Thanks for your email.

OceanaGold believes the listing on the TSX was the right decision as it now opens the company up to broader capital markets and allows us to join the global exchange where the large majority of our peers trade. While it has, and will continue to take time to ramp up there, we are trading roughly 1/3 of the daily volumes there and have been successful bringing in new institutional shareholders because of the Canadian market.

Regarding question #1, there is no doubt it is a noisy market and more time will need to spent there. I was in NY and Toronto 2 weeks ago and am now on the west coast meeting with shareholders and brokers. The message from these meetings has been clear - to stay the course and continue pushing forward with our business plan to bring on additional production as we commission additional mines in New Zealand and the Philippines.

#2 With the TSX listing we will increase our exposure and while relative to our North American peers we are not well known, that is changing and as we remove the perceived development risk moving forward with advancing our projects we should in-time see a re-rating up to the mid-tier gold producer level - a rating much higher then our current evaluation.


Feel free to get in touch anytime XXXX.

Best regards,

Darren