OGC - Oceana Gold

[mapna]

what a drop today of OGC ???? can't find any real info about it.

I reckon it is because of the increased capital cost for the Phillipines mines, the drop of gold price and the changes of the Board of Directors.

However, it should not drop that much today.

Hope to get more info. from others.

IMO - DYOR

 

[MRC & Co]

Yeh, this little one has been pumped, far before just today! My stop was triggered a long time ago now.

Haven't looked at it specifically, but it definately relates to the Annual General Meeting and board of directors.............?

 

[So_Cynical]

OGC like so many gold producers is way.....................way over sold
there no reason at all for the current SP woes.

True believers will be buying.

POG above 900 USD again tonight

 

[AnDy62]

^ There is a reason actually, with the Dilipido mine. It was recently barricaded by angry locals after OGC failed to pay a quarry fee (bribe) . Good news is the Phillipine govt is on their side as it has an interest in the mine too. There's an article in the Weekend Australian, Business section for more detail. Still, oversold IMO, short term hiccup.

 

[So_Cynical]

Dilipido its a nothing...local political BS left over from the previous operators...theres no Geopolitical risk in Luzon.

Aussies way over estimate Geopolitical risk IMO.

 

[VViCKiD]

damn.... this one seems to be getting hammered ... I am thinking about buying in soon... Has any body heard anything about this one lately ? How bad is the geopolitical risk ?? Is that the main factor affecting sp (besides POG) ?

 

[michael_selway]

damn.... this one seems to be getting hammered ... I am thinking about buying in soon... Has any body heard anything about this one lately ? How bad is the geopolitical risk ?? Is that the main factor affecting sp (besides POG) ?

Yeah whats wrong with this one?

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS -4.6 18.4 29.5 60.1
DPS 0.0 0.0 0.0 0.0

thx

MS

 

[Trader Paul]

Hi folks,

OGC ..... figure this one has further to drop in July and August 2008,
particularly next week 24072008 and again around 05-06082008.

Further out, we will be alert for some significant and positive news,
around 09-11092008, as 3 positive time cycles come together for OGC ...

have a great weekend

paul



=====

 

[VViCKiD]

Hi Paul, wat kind of cycles are you talking about?
POG ?
What else ? I am stil wondering why this poor guy is gettign hammered ..

 

[hsm2008]

earnings report came out, ugly stuff, prices are high now and these guys can't make money makes you wonder. I was thinking about buying some, I did notice commsec had 3 brokers forecasting earnings in the future.

 

[Sean K]

Further out, we will be alert for some significant and positive news,
around 09-11092008, as 3 positive time cycles come together for OGC ...
=====

eeeek! Pretty positive around then for this little corker. In that it didn't tank as much as it has the other 9 month

Buy and holders must be screeming.


And now another company putting something into mothballs.

Oceana Gold mothballs Philippines mine
December 3, 2008 - 6:04PM

New Zealand's biggest gold miner is mothballing its huge gold-copper mining site at Didipio in the northern Philippines province of Nueva Vizcaya.

"The deterioration of global economic conditions has required that we take prudent measures in order to secure and preserve our assets in the Philippines," said Oceana Gold Corp chief executive, Stephen Orr.

Must put this on the possible takeover list for those cashed up and looking for some decent assets for when (if) the dust settles.

 

[joeyr46]

You've just gotta believe the charts way ahead of fundamentals
I guess it's because there only 1 day behind not months

 

[explod]

Looked at Oceana the other day, lost my zest for SBM and got into this yesterday, what a wonderful thing, plus 13% to day and just look at that chart. Could it work its way back to $3 odd dollars.

 

[JTLP]

Also saw this a few days ago making big moves Explod...something must be in the wind because it has outperformed the last 2 days...

The chart resembles one BIG CUP...if it gets back to $1.40 and makes a handle you may have a crack at $3.60 (if my Noobish T/A skills are not mistaken)...

All in all a nice uptrend from the Dec Lows. And they are producers are a relatively low cost also

 

[explod]

Also saw this a few days ago making big moves Explod...something must be in the wind because it has outperformed the last 2 days...

The chart resembles one BIG CUP...if it gets back to $1.40 and makes a handle you may have a crack at $3.60 (if my Noobish T/A skills are not mistaken)...

All in all a nice uptrend from the Dec Lows. And they are producers are a relatively low cost also

yep. getting mixed up with that fiji thingo mixed them up. just jocking on the big jump up, but certainly on track to improve. management from memory a good team also. ride it while it lasts. understand nz grades are a bit improved of late too

cheers explod

 

[JTLP]

Wowweeeee!

Outperforming to the max! Nice pick up Explod...are you still holding?

Are they really attributing this massive rise to the demise of the NZD? (as per last ASX price query)...

Wonder where this one will end...

 

[explod]

Wowweeeee!

Outperforming to the max! Nice pick up Explod...are you still holding?

Are they really attributing this massive rise to the demise of the NZD? (as per last ASX price query)...

Wonder where this one will end...

Yes a good one. A perusal of the 12 month daily says to me that it wants to return way back up on the french curve. Some more strength in the gold price in a day or two could help.

I suppose it should be on the breakout thread but my charts dont' load up on ASF.

 

[champ2003]

Yes a good one. A perusal of the 12 month daily says to me that it wants to return way back up on the french curve. Some more strength in the gold price in a day or two could help.

I suppose it should be on the breakout thread but my charts dont' load up on ASF.

OGC holding up very nicely again. Seems to be slowly making it's way back up which is good to see.

This company will end up being all cashed up if the price of Gold keeps on rising.

This year they have a higher production forecast.

A more favorable USD/NZD exchange rate.

Lower cash costs on a rising gold price.

Just under 2/3rds of their gold is unhedged.

Steady as she goes.

 

[bigdog]

The SP of OGC continues to rise up 6 cents today and currently 94 cents

The problem with OGC is the operations in the Philippines which has consumed significant $ and currently idle and requires additional $!

I have held OGC for sometime

I also tipped OGC in the ASF stock tipping competition for February 2009 which doubled in price from 44 to 88 cents.

 

[champ2003]

The SP of OGC continues to rise up 6 cents today and currently 94 cents

The problem with OGC is the operations in the Philippines which has consumed significant $ and currently idle and requires additional $!

I have held OGC for sometime

I also tipped OGC in the ASF stock tipping competition for February 2009 which doubled in price from 44 to 88 cents.

Congrat's with your successful tipping bigdog. I think that it's going to work well for OGC with Didipio being temporarily on care and maintenance as it seems that it was draining OGC. Now that it's on the backburner we should see some better price action.

Management at OGC have also said that they intend on optimising revenue and savings this year.