OGC - Oceana Gold

[Miner]

could any one please assist explaining how come there were 7 trades in OGC before market was opened and Commsec shows the condition as pre open ?

Code: (search)




Share Quote as at 9:49 AM Sydney Time, Wednesday, 16 February 2011
OCEANAGOLD CORP. CDI CommSec Margin Lending LVR: 55% ˆ

Code Bid Offer Last Change* % Change* Open High Low Volume Trades Value News
OGC 2.950 2.610 2.740 0.000 0.000 0.000 0.000 0.000 345,000 7 929,715
Buy | Sell | Add to Watchlist | Research | Chart | Course of Sales
Indicative Price: 2.790 Surplus Volume: 6,422
Trading Status: Pre Open

 

[nomore4s]

could any one please assist explaining how come there were 7 trades in OGC before market was opened and Commsec shows the condition as pre open ?

They are Cross trades.

 

[skyQuake]

Thats people trading the Canadian OGC (it trades both CN and AU)

In that case canada was the one that fell over and dragged AU down with it

See above.

It also trades in NZ as its NZ based

 

[Wysiwyg]

could any one please assist explaining how come there were 7 trades in OGC before market was opened and Commsec shows the condition as pre open ?

Works both ways I believe as in the share price rising. Here is the Comsec code description for future reference. Off market trades are down lower on the page. You're welcome. Happy to help.

 

[Miner]

Works both ways I believe as in the share price rising. Here is the Comsec code description for future reference. Off market trades are down lower on the page. You're welcome. Happy to help.

See above.

It also trades in NZ as its NZ based

They are Cross trades.

Thanks a lot folks for your response to my query.

Regards

 

[explod]

Nice rise today, breaking $3 today confirms the break of the downtrend in my view. The good volume indicates renewed interest too.

Cheers to holders.

 

[Chargin8]

Quite a drop today, more so than other gold miners I watch, any news I havent heard about?

 

[pavilion103]

This one looks like it has formed a bit of a base. There has been some strong volume on what looks like climactic action. Volume has decreased as it begins to form an ascending triangle. It looks like a lot of the supply has been removed and I'd be watching for a break above $1.91.
Will monitor over the following week.

 

[pavilion103]

Continued higher to $2.04 at close. Today's action was on lower volume though so I'm cautious.

 

[sreeve]

OGC chart update. Strong support level confirmed at $1.80

 

[bigdog]

The market liked yesterdays ASX announcement

OGC $2.720 +$0.260 +10.57% @ Wed 30 Apr 2014 11:14 AM Sydney time

OGC Announces Record Q1 Earnings in 2014
MEDIA RELEASE
29 April 2014
OCEANAGOLD ANNOUNCES RECORD QUARTERLY EARNINGS IN FIRST QUARTER 2014
(All figures in US Dollars unless otherwise stated)
(MELBOURNE) OceanaGold Corporation (TSX: OGC, ASX: OGC, NZX: OGC) (the “Company”) today released its first quarter 2014 financial and operating results for the quarter ending March 31, 2014. Details of the consolidated financial statements and the Management Discussion and Analysis (“MDA”) are available on the Company’s website at www.oceanagold.com

Key Highlights
• Record quarterly revenue of $170.4 million, EBITDA of $101.0 million and net profit of $58.9 million.
• Strengthened balance sheet through net repayment of borrowings of $20 million and increased cash and available facilities to $92.1 million including $42.1 million in cash.
• Gold production of 86,568 ounces, including record quarterly gold production of 30,480 ounces from Didipio.
• Copper production of 6,479 tonnes with copper sales of 7,752 tonnes.
• Company cash costs of $170 per ounce and All-In Sustaining Costs of $450 per ounce both net of by-product credits.
• Over 10 million man hours worked without a lost time injury at the Didipio operation.

The Company reported record quarterly revenue of $170.4 million, EBITDA of $101.0 million and net profit of $58.9 million on sales of 94,050 ounces of gold and 7,752 tonnes of copper for the first quarter of 2014. As a result, the Company has increased its liquidity position through cash and available credit facilities to approximately $92 million including $42 million in cash after a net repayment of borrowings of $20 million.

For the first quarter of 2014, the Company’s overall cash costs were $170 per ounce and All-In-Sustaining Costs (“AISC”) were $450 per ounce both net of by-product credits. Didipio’s cash costs on a co-product basis were $483 per ounce on 78,619 gold equivalent ounces sold for the first quarter, while its co-product AISC was $556 per gold equivalent ounce sold. For the first quarter, New Zealand’s cash costs were $584 per ounce on 57,786 ounces of gold sold while its AISC was $941 per ounce sold.

The Didipio operations in the Philippines reported record quarterly gold production of 30,480 ounces along with copper production of 6,479 tonnes. In the first quarter, the Company made four shipments of copper-gold concentrate totalling 30,152 dry metric tonnes to markets in Asia. Debottlenecking of the process plant to achieve the planned 3.5 Mtpa throughput rate is advancing well and on schedule for completion by the end of the year. As at the end of the first quarter, the Didipio operation recorded over 10 million man hours worked without a lost time injury.

Also in the Philippines, the Company received the support and official consent from the National Commission of Indigenous Peoples (“NCIP”) to conduct exploration activities at the Mayag tenement in northern Mindanao. This was a major milestone for the Company as it demonstrated the successful completion of its free and prior informed consent process with the local indigenous groups and brings the Company closer to receiving exploration permits for its Mayag tenement.

In New Zealand, gold production for the first quarter was 56,088 ounces which was expected and lower than the previous quarter on account of a lower mill feed and processing lower grade ore. The re-optimisation of the Macraes mine plan in early 2014 has resulted in mining less material than in previous quarters which has significantly lowered operating costs and improved margins in the lower gold price environment.

Subsequent to the quarter end on April 19 2014, a pit wall failure at the Macraes open pit resulted in a temporary suspension of mining operations to reinstate access to the underground mine and to develop a new mine plan for the open pit. The process plant remained operational and continued to operate uninterrupted drawing on stockpile ore reserves. On April 24 2014, production from the underground recommenced. The Company does not expect an impact to its 2014 production guidance for its New Zealand operations.

Mick Wilkes, Managing Director and CEO commented on the first quarter 2014 results, “We had another strong quarter of production and financial results with record quarterly revenue, EBITDA and net earnings on the back of higher sales and lower operating costs. We continued to strengthen our balance sheet through the repayment of $20 million of debt and build-up of our treasury.” He went on to say, “The Didipio process plant is well on track to increase throughput rates to 3.5 Mtpa by the end of the year and will continue generating strong free cash flows.”

Mr. Wilkes added, “For the remainder of the year, we will continue to further strengthen the balance sheet by repaying debt to enhance shareholder value and position the Company for new value-add opportunities. We remain steadfast on the health and safety of our employees as demonstrated by the 10 million plus man hours worked without a lost time injury at Didipio and we will continue to work closely with all of our stakeholders to deliver positive results in a safe and sustainable manner.”

0692

 

[bigdog]

Surprised that OGC has not been issued with a speeding ticket!!

OGC $3.100 $+0.230 +8.01% @ Fri 13 Jun 2014 11:28 AM

Today High $3.160 & low $3.100

Todays high of $3.16 is up 31% on the May 29 close of $2.40

Date........ Clos Volume
12/06/2014 2.87 1,746,992
11/06/2014 2.81 458,719
10/06/2014 2.71 1,097,546
06/06/2014 2.62 888,067
05/06/2014 2.63 476,245
04/06/2014 2.57 703,604
03/06/2014 2.49 345,858
02/06/2014 2.49 510,510
30/05/2014 2.45 382,076
29/05/2014 2.40 453,938

1000

 

[bigdog]

Speeding ticket was issued in NZ issued (NZ time)

https://www.nzx.com/files/attachments/195361.pdf
OGC Company Update 13 Jun 2014, 12:53pm

Response by OGC
COMPANY UPDATE (MELBOURNE) OceanaGold Corporation (ASX: OGC, TSX: OGC, NZX: OGC) (the “Company”) wishes to confirm that the Company is not aware of any material information which requires immediate public disclosure.

Changes in the Company’s share price this morning on the NZX is likely due to an increase in gold price overnight, as well as a corresponding increase in the share value of the Company and its peer group over the same period on the TSX and ASX
========================================================================
Posted Today 11:36 AM
Re: OGC - Oceana Gold
Surprised that OGC has not been issued with a speeding ticket!!

OGC $3.100 $+0.230 +8.01% @ Fri 13 Jun 2014 11:28 AM

Today High $3.160 & low $3.100

Todays high of $3.16 is up 31% on the May 29 close of $2.40

Date........ Clos Volume
12/06/2014 2.87 1,746,992
11/06/2014 2.81 458,719
10/06/2014 2.71 1,097,546
06/06/2014 2.62 888,067
05/06/2014 2.63 476,245
04/06/2014 2.57 703,604
03/06/2014 2.49 345,858
02/06/2014 2.49 510,510
30/05/2014 2.45 382,076
29/05/2014 2.40 453,938

 

[notting]

Buying it's way to being a lowest cost gold miner.
Low cost gold miner sounds great, but what it 'cost' you, for the mine, in foreign currency - questionable.

 

[bigdog]

I received my OGC dividend cheque in today $US today
-- Computershare advised me today to open a US bank account
--- hey I live in Australia.

My last dividend was paid in $Australian (April 2015)
-- OGC previously directly deposited dividends into Australian bank accounts at the prevailing CAD:AUD exchange rate thereby avoiding the need for Australian shareholders to incur expensive bank charges for depositing a foreign currency cheque.

There must be thousands of New Zealand and Australian shareholders that now have this major problem!

Why have OGC changed the process of paying dividends in Australian dollars?

If you are effected; the Canadian contract is Sam Pazuki
-- Sam.Pazuki@oceanagold.com

 

[Miner]

Folks
Any one has a clue on the trading halt of OGC after price fell by 8% today . I noticed one financial institution sold off its shares though modest but significant value wise only couple of days back.
I was inching to buy OGC today by close of business now the halt makes me curious.
Philippines has been closing nickel mines and who knows what happens to OGC .
Do not hold yet

 

[skyQuake]

Folks
Any one has a clue on the trading halt of OGC after price fell by 8% today . I noticed one financial institution sold off its shares though modest but significant value wise only couple of days back.
I was inching to buy OGC today by close of business now the halt makes me curious.
Philippines has been closing nickel mines and who knows what happens to OGC .
Do not hold yet

*DJ Philippine Govt: Benguet, Lepanto, OceanaGold Among Suspended Miners
Might be open in Canada tonight if OGC announces more info. All the mines got checked up on not just the nickel ones.
Love how the headlines come out before the stock goes into trading halt...

 

[peter2]

Thanks for that news, as it explains the price rises in nickel and consequently WSA, IGO and PAN.

 

[Miner]

*DJ Philippine Govt: Benguet, Lepanto, Oceana Gold Among Suspended Miners
Might be open in Canada tonight if OGC announces more info. All the mines got checked up on not just the nickel ones.
Love how the headlines come out before the stock goes into trading halt...

Thanks Skyquake to confirm the Philippines saga. Only last week I finished off working in a large nickel and cobalt mine 60000 tons production capacity mine/plant.
With nickel price hike I did ask the company CEO about price of nickel vs Philippines ban. He discounted that saying only 1% of price affected by Philippines ban.
So I do not know if there is something more to Philippines.
Read in ABC website that China is going to be defaulter on credit. Would OGC be affected by that ?
If it is Philippine story alone then I will buy OGC when it slumps otherwise will stay out. Friday will reveal I hope.
Cheers

 

[Miner]

Thanks Skyquake to confirm the Philippines saga. Only last week I finished off working in a large nickel and cobalt mine 60000 tons production capacity mine/plant.
With nickel price hike I did ask the company CEO about price of nickel vs Philippines ban. He discounted that saying only 1% of price affected by Philippines ban.
So I do not know if there is something more to Philippines.
Read in ABC website that China is going to be defaulter on credit. Would OGC be affected by that ?
If it is Philippine story alone then I will buy OGC when it slumps otherwise will stay out. Friday will reveal I hope.
Cheers

Another 10% drop in OGC price today with trading halt until Thursday. Some one definitely calculated the news and sold off yesterday and today.
How it looks on Thursday ? My speculation the price will go up because lot of blood already shed. Will wait to see and should I put my tip for October as OGC ??.