OGD oceana gold limited

What's the attraction with this stock? Publically stated that...

  1. 126 Posts.
    What's the attraction with this stock? Publically stated that this year the company will generate a significant loss and that they are still cum an issue to build a project in the Philippines that's been floating around for over 15 years. They might have significant reserves, but little to low margin even at these prices and significant risk in building and starting up an operation in a new commodity in the Philippines. With a strategy of being a consolidator in the Pac- Rim area, all other shareholders benefit except OGD ones where the share price has really gone no-where in the biggest bull run we've ever had. Better play in PNA, it will actualy make money!
 
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Currently unlisted public company.

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