Australian (ASX) Stock Market Forum

OGC - Oceana Gold

Jump to new
champ2003 said:
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.
Click to expand...


Concure with all above and add my congrats bigdog. Oceana management have been steady for some years and have always felt comfortable with it. On a rising gold price there is no doubt that this one will continue to please.

Mines in unstable regimes I have always stayed away from. The exception is LGL who seem to keep things within limits at Lihir Island, the volcanic fault also makes me a bit nervous but it is hard to stay out of a low cost producer like that. Yes the Phillipines experience was always going to be bad in my view.
 
hi all, new here so thought i,d let you know ogc made an announcement today re a very rich strike in the fraser mine.take a look
 
just wondering what everyones thoughts are with ogc,buy sell or sit.i,m sitting on 100k shares and hoping they maybe reach $1.30 a share some time soon.
i got them between .16 and .17 in october
would be grateful for your thoughts as i think they should have a good q2
 
roysolder said:
just wondering what everyones thoughts are with ogc,buy sell or sit.i,m sitting on 100k shares and hoping they maybe reach $1.30 a share some time soon.
i got them between .16 and .17 in october
would be grateful for your thoughts as i think they should have a good q2
Click to expand...

OGC's SP will be mostly driven by the POG and somewhat driven by general market
sentiment...so the question should be...where is the price of gold going? and will the
market rally continue?
 
thanks so sin.taking a bashing today but to be exspected i guess as the markets are all down.still think they are a good bet
 
So_Cynical said:
OGC's SP will be mostly driven by the POG and somewhat driven by general market
sentiment...so the question should be...where is the price of gold going? and will the
market rally continue?
Click to expand...


as gold is showing some strength that is now occurring, an 18% rise today on very strong volume. Confirmed rise tomorrow for a breakout alert. Not a lot of resistance now to $1.30
 
gee i hope so explode.
i have a lot of faith in ogc and been with them during the ups and downs.was surprised to see the rise yesterday and think their Q2 should show good results too.just wish someone would finance or jv them on the care and maint mine
 
roysolder said:
gee i hope so explode.
i have a lot of faith in ogc and been with them during the ups and downs.was surprised to see the rise yesterday and think their Q2 should show good results too.just wish someone would finance or jv them on the care and maint mine
Click to expand...

Isuspect that you are hanging on by fundfamentals. This is not a good idea on its own. I think OGC are a good team and they have conisistent production.


Outside we do not know what is really going on. For that reason we have to follow the chart action. At the momment OGC is going up well so for that reason I brought back in a few days ago. If it shows weakness I will sell immediately.

I may be wrong but I suspect a good text on technical analysis would help you a great deal. Charting for Dummies (no inference) is very usefull. There are good chartists on the forum so identify them and the main threads. With charting lots of indicators are bad. It needs to be kept simple. I now only use Bigcharts, no cost and clear to see where it is all going.

cheers explod ................. appreciate the e on the end but not really that big at all,,,, and not qualified to give advice, just my 2 cents
 
thanks explod for the advice, i,m a novice if hats not obvious enough.saw an oportunity last year and being the have a go artist that i am bought in to ogc.
hope you would,nt mind giving me a nudge when to sell.must admitt i had couple of scares when they took a dip and charts look like something from the heart monitor when i had atril fibrulation.i shall do what you recommend though -
cheers and cold beers
 
roysolder said:
thanks explod for the advice, i,m a novice if hats not obvious enough.saw an oportunity last year and being the have a go artist that i am bought in to ogc.
hope you would,nt mind giving me a nudge when to sell.must admitt i had couple of scares when they took a dip and charts look like something from the heart monitor when i had atril fibrulation.i shall do what you recommend though -
cheers and cold beers
Click to expand...


AAAaaaaaaaaaHHHHHhhhh what a nice little breakout we have here, with a rise in volume, not too much which is good and a gold price drawing ever closer to a new uptick.

So Roysoldier, I'll be a holden.
 
thanks explod-glad you,re keeping an eye on me cobba.
btw my spellings not too bad for an ex dingo but when i first went for roysolder as a nick it was gone so hence the spelling-in case you were wondering.has explod anything to do with pride -integrity..... ?
well not to be nosey lol
cheers and cold beers my old mate
 
roysolder said:
thanks explod-glad you,re keeping an eye on me cobba.
btw my spellings not too bad for an ex dingo but when i first went for roysolder as a nick it was gone so hence the spelling-in case you were wondering.has explod anything to do with pride -integrity..... ?
well not to be nosey lol
cheers and cold beers my old mate
Click to expand...

Most folk around ahere know my title to mean explosion and I go off like a bucket of bolts (or is that crackers) when riled. Sort of like getting the bull by the horns if you like.

A cold beer or two back.

Anyway this stock is now in a good bull run, if we look back at the 12 month chart should flow to $1.50 with the strengthening gold price as we speak.
 
well i have had faith in ogc so alls good.enjoyed your posts on where golds heading too explod-read the last artical too.should be changing my compass heading to the shiny yellow stuff.well as the artical says "everyone should hold a little.thanks for your input as i,m stll at the every moment stage of watching shares-the hold or fold is taxing my sleep
 
roysolder said:
well i have had faith in ogc so alls good.enjoyed your posts on where golds heading too explod-read the last artical too.should be changing my compass heading to the shiny yellow stuff.well as the artical says "everyone should hold a little.thanks for your input as i,m stll at the every moment stage of watching shares-the hold or fold is taxing my sleep
Click to expand...

OGC dropped 3% today, but you will notice the volume of sales reduced. That indicates a few wanted to get out at this level and take profits but it was met with reasonable buying. If you think about it it means that traders are holding. The movement was also in line with a small drop in the gold price.

However if there was a further drop tomorrow with volume up I would contemplate an out. But I feel relatively comfortable as gold has bounced of a low this evening and the US$ index has begun to fall again after the usual Monday rally. So on ballance we should see OGC hold or rise tomorrow. If you do a bit of basic homework each day on each stock in this way you can rest easy. If you cant' you should not be in the market at all .
 
This is a turning point...same as last time gold played with the USD 1k mark.

im not holding OGC but i do hold a few goldies and did a little selling today,
same as i did last time....your sitting on some big profits Roy, good luck.
 
thanks for your thoughts and encouragement guys,i am already happy after looking today i nearly fell off my seat.just watching oil and exchange rates which will effect them at some stage.still not sleeping as much as i should
 
explod Re: OGC - Oceana Gold

--------------------------------------------------------------------------------


Quote:
Originally Posted by So_Cynical
OGC's SP will be mostly driven by the POG and somewhat driven by general market
sentiment...so the question should be...where is the price of gold going? and will the
market rally continue?



as gold is showing some strength that is now occurring, an 18% rise today on very strong volume. Confirmed rise tomorrow for a breakout alert. Not a lot of resistance now to $1.30
Click to expand...

Achieved our first target with ease. My next is the gap close to 1.50. After holding it's Tuesday rise yesterday in the face of the fall in gold price our second target may be reached today.

Our next after that will be 2.25, a gold break closing above 1000 will see that IMHO

:):)
 
i sure hope so, and gold back up 979.today could be exciting stuff and those targets are looking good.glad i pick a winner
your,re an early riser explod :)
 
roysolder said:
i sure hope so, and gold back up 979.today could be exciting stuff and those targets are looking good.glad i pick a winner
your,re an early riser explod :)
Click to expand...


Have a cold not able to sleep well with it.

Never a winner till you cash the chips Roy. What is you method of stop so that you hang onto profits ?
 

Similar threads

Fiona96
ATO Tax!
Replies
18
Views
2K
Ibza
Ibza
R
Greatland Gold plc (AIM: GGP)
Replies
4
Views
2K
rcw1
R
ducati916
November DDD
2
Replies
28
Views
2K
divs4ever
divs4ever
ducati916
September DDD
2 3 4
Replies
66
Views
8K
qldfrog
qldfrog
sptrawler
Competency and trying to maintain standards
2
Replies
27
Views
3K
sptrawler
sptrawler
Top