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
- Forums
- ASX - By Stock
- WTF?
You right - There are around 622m SOI (ie shares and CDIs) plus...
-
- There are more pages in this discussion • 42 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
FWD
Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm
RNU
Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some