OGC 0.00% $2.20 oceanagold corporation

WTF?, page-42

  1. 11,117 Posts.
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    You right - There are around 622m SOI (ie shares and CDIs) plus around 13 million options.

    It does look like a reasonable entry point if they can stop the excessive bleeding on Dipidio and the Waihi expansion ultimately happens as indicated by the CEO.

    I would like to buy some more shares closer to $2.00. The company is wounded and I see the buying by directors as a weak attempt to stop the share price rot.

    I would be standing down the local workers at Dipidio to put pressure on the government to come to its senses, as well as to save money. I do not think the government will do anything to help re-start the mine given that OGC is now running an expensive open-ended social welfare scheme there. This fiasco could run for years and end in the same way that KCN's Chatree closure is going to end - via a court settlement.

    loki
 
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