OGD - Oceana Gold

[MalteseBull]

As of: 30/12/2005

ASX Code: OGD
Company: Oceana Gold Ltd
Sector: Materials
Shares on Issue: 360m
Market Cap: A$250m
Cash on Hand: A$20.8m (30/06/05)

Other Info:
- Oceana Gold primarly producers gold out of 2 goldfields (Macraes and Reefton) on the South Island, New Zealand.
- Macraes is New Zealands largest producing gold mine.
- OGD is looking to produce 300,000 ounces p/annum by 2007.

www.oceanagold.com

 

[MalteseBull]

10/01/06 NEWS

Oceana Gold Limited (OGD) is one of the Top 5 ASX listed gold producers with a mix of production, development and exploration projects located in New Zealand. OGDs main projects are the Macraes Goldfield, the Reefton Goldfield and the Sams Creek Project.
-------------------------------
Release of Fourth Quarter Activity Report and Year End Results
OceanaGold announced today that it will release its Activity Report for the quarter ended
30 December 2005 to the Australian and New Zealand Stock Exchanges on Friday 20
January 2006.
This will be followed with the release of the Company’s year end results on Friday 24
February 2006.

Huntley
s: STRONG BUY

 

[justjohn]

Re: 10/01/06 NEWS

Having had OGD on my watchlist and seeing the stock steadly go through the .50c ,60c & now the 70c mark I need some of our learnered friends to start getting me off the fence with this thing .Ive had a good run with LHG over the last 4months but feel it has almost reached its full potential so Im looking to replace it with another gold stock.Today OGD was up almost 5% when most gold retracted so is there anyone out thereto convince me about OGD and get me off this rotten fence.So let me have it :swear:

Oceana Gold Limited (OGD) is one of the Top 5 ASX listed gold producers with a mix of production, development and exploration projects located in New Zealand. OGDs main projects are the Macraes Goldfield, the Reefton Goldfield and the Sams Creek Project.
-------------------------------
Release of Fourth Quarter Activity Report and Year End Results
OceanaGold announced today that it will release its Activity Report for the quarter ended
30 December 2005 to the Australian and New Zealand Stock Exchanges on Friday 20
January 2006.
This will be followed with the release of the Company’s year end results on Friday 24
February 2006.

Huntley
s: STRONG BUY

 

[slimtrader]

here is my quick synopsis of where we are. breakout from short term channel and short term resistance. could see retracement to 100. much will depend on activity report due on 20/1

 

[MalteseBull]

Up 3% today..

at .79 i think it's still a bargain.. I beleive it will continue it's run all the way to it's resistance of 84 cents, then announcment on 20th Jan then next stop $1

 

[MalteseBull]

I am going to stock up more at .74
I am guaranteed 10% when it gets to 52 week high and beyond..

 

[MiningGuru]

Is Oceana Gold about to involved in a takeover bid by Lihir Gold?


OGD Announcement 10/05/2006 11:15AM

"Share Price Movement

Oceana Gold Limited notes that there has been significant appreciation in
its share price over the last 24 hours. The Company is in discussions with
regard to a potential transaction. The discussions are ongoing and
incomplete and there is no certainty that any transaction will proceed.
OceanaGold will keep the market informed should there be any developments
which require an announcement."

http://sg.biz.yahoo.com/060424/15/409ir.html

INTERVIEW: Lihir Looking For Asia-Pacific Acquisitions
Monday April 24, 1:40 PM

MELBOURNE (Dow Jones)--Looking to cut the risk of owning a lone mine on a
volcanic island, Papua New Guinea's Lihir Gold Ltd. (LIHRY) said Monday
that it is considering large acquisitions in the Asia-Pacific region...

Acquisitions in the Asia-Pacific region, likely outside of Papua New
Guinea, will cut Lihir's risk profile and boost returns, [new chief
executive Arthur] Hood told Dow Jones Newswires in an interview.

Hood said Lihir is already looking at some opportunities but wouldn't be
drawn on the timing or size of any acquisition, saying only that it was
unlikely to be small.

"It's got to be something material to our shareholders that will add
shareholder value, so obviously a 50,000 ounce a year operation," won't be
big enough, said Hood, who joined Lihir in September.
...
Austock Ltd. analyst Hunter Hillcoat said the company would be looking to
add well over 200,000 ounces of production a year
...
Smaller miners in the region include Oceana Gold Ltd. (OGD.AU), which
produces about 200,000 ounces a year in New Zealand, and Resolute Mining
Ltd. (RSG.AU) which produces about 180,000 ounces of gold a year at its
Ravenswood operation in Queensland and in January approved an extension at
Mt Wright. It also has growth prospects in Africa.

Sino Gold Ltd. (SGX.AU) is also currently expanding its operations in
China.

 

[jet-r]

hmmm very interesting.

this would also have an impact on GRD whos is currently holding 56% of their share. Why dont Lihir deal with GRD directly? they would gain full control of OGD if GRD decides to sell all of their holding to them.

 

[Sean K]

GRD has been trying to sell their stake for quite a while. Market conditions are ripe for a good price.

OGD are restructuring their hedge book also which would make it more attractive.

Probably all good for OGD but for LHG? I hold it and am not sure. And New Zealand? Don't they only ski and make movies over there?

mmmmm

 

[bigdog]

ODG SP has increased from 0.605 Oct 20 and hit 0.76 Nov 2 and closed Nov 3 at 0.725

AFR Investor (David Potts) Nov 5 recommends a punt.
-- directors have been buying
-- one of biggest gold miners with 170000 ounces (Aust/NZ)
-- potential 300000 ounces in 2008
-- potential reserves 2.75 million ounces
-- slashed costs by 17% and cost $378 per oz

the gold price has been rising and SP also increased

OGD is recommended by Westpac broking

 

[brerwallabi]

Not much talk on the merge with Climax (CMX) which will take place Tuesday. OGD shares will then trade as OGDN.
CMX have a substantial soon to be producing 10 year life very low cost unhedged gold/copper mine in the Phillipines.
It explains a bit of movement, thought you guys might have known.

 

[bigdog]

Todays West Australian
http://www.thewest.com.au/default.aspx?MenuID=159&ContentID=12350

Extracts are:
The friendly scrip merger values the expanded group at $480 million, ranking it a distant third to multi-billiondollar sector leaders Newcrest Mining and Lihir Gold.

Oceana produces about 180,000 ounces a year from the Macraes and Reefton gold projects in New Zealand while Climax is developing the high-grade Dinkidi gold-copper mine in the Philippines.

When Dinkidi is in production in mid-2008, the expanded Oceana Gold expects to be producing about 550,000oz a year at a cost of about $US100 ($130) an ounce.




Oceana-Climax merger forms $480m gold group
7th November 2006, 9:30 WST

Oceana Gold, the Australasian gold miner spun-off by Perth engineering group GRD, yesterday completed its merger with junior miner Climax Mining to create Australia’s third biggest home-grown gold group.

The friendly scrip merger values the expanded group at $480 million, ranking it a distant third to multi-billiondollar sector leaders Newcrest Mining and Lihir Gold.

Oceana produces about 180,000 ounces a year from the Macraes and Reefton gold projects in New Zealand while Climax is developing the high-grade Dinkidi gold-copper mine in the Philippines.

When Dinkidi is in production in mid-2008, the expanded Oceana Gold expects to be producing about 550,000oz a year at a cost of about $US100 ($130) an ounce.

Oceana offered 0.62 of a share for every share in Climax and the deal was approved by shareholders last week.

Oceana chief Stephen Orr said the merger created a “globally significant” gold miner with a spread of assets in New Zealand and the Philippines and reserves of more than 4.8 million ounces of gold equivalent.

Mr Orr said the company would commit $6 million to $7 million to exploration at its Philippines projects alone each year, on top of the cash already committed to “comprehensively explore” its leases in New Zealand.

He said a comprehensive exploration plan had been developed for the group’s Philippine and New Zealand holdings that would be implemented early next year.

Oceana shares closed 0.5 ¢ weaker at 72 ¢, while Climax shares eased 0.5 ¢ to 46 ¢ on its last day before being delisted.


JOHN PHACEAS

 

[alankew]

Just had a look at a chart for this and to my inexperienced eye it looks interesting but the chart i looked at was for OGD and not OGDN and commsec has prices for both stocks so are both companies listed or is it now OGDN

 

[bigdog]

OGDN will be the converted Climax shares

OGD SP have rusen VG in past weeks from .62 to .96 cents

 

[bigdog]

ASX ANN today - very encouraging signs

Director S Orr has purchased shares twice in Nov 2006

Nov 1: 100,000 share $64000 (64 cents)

Nov 8: 325,000 shares for $325000 (72 cents)

Todays SP is currently 75.5

 

[bigdog]

Finally some good news from OGD to kick on SP up 3.5 cents today to 69 cents with high of 70 cents.
-- $110 million cash including $70 million converitble notes at 81.9 cents

OGD SP has been very very disappointing lately around mid 60's.

ASX ANN today
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00679936

OCEANAGOLD RAISES A$110 MILLION OF COMMITTED FUNDING
OceanaGold today announced a A$70 million convertible note issue and a NZ$45 million bank project debt facility which together will provide A$110 million to fund project development in the Philippines and New Zealand.

Of the A$70 million convertible notes, A$60 million is committed by investment funds advised by Ospraie Advisors LP and Ospraie Management, LLC (collectively “Ospraie”). Ospraie is New York based and comprised of funds that invest in commodities and basic industries on a global basis and collectively have in excess of US$5 billion in assets under management.

Ospraie currently owns 10.65% of OceanaGold’s listed shares.

 

[bigdog]

OGD ASX Ann today
-- there have been a few professional tipsters selecting OGD for 2007
-- not much response to the SP today following this news!
-- I hold

OGD 10:39 AM Announces Dry Commissioning of its Reefton Gold Project
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00682595

2 January 2007
OCEANAGOLD ANNOUNCES DRY COMMISSIONING
OF ITS REEFTON GOLD PROJECT
OceanaGold today announced that dry-commissioning of the Globe Progress process plant at the Reefton Gold Project on the South Island of New Zealand started during the last week of December 2006. Dry-commissioning of the 1 million tonne per annum (Mtpa) process plant commenced with the mills and is proceeding into wet-commissioning through mid-February 2007.

Mining has been active since July of 2006 and 21,300 tonnes of ore are currently stockpiled for processing through the crushing, grinding and flotation plant. First concentrate is expected to be shipped in mid-February 2007 and the processing plant is scheduled to be in full production by the end of First Quarter 2007. OceanaGold is forecasting 60,000 to 65,000 ounces of gold production from Reefton during 2007.

“This is the first new mine that OceanaGold has built and the commissioning of Reefton is proceeding to our expectation and representation. Mining is on target and recruitment of professional staff is complete. As such, we believe that we can achieve a full year of production from this operation.” CEO, Stephen Orr commented.

 

[brerwallabi]

“This is the first new mine that OceanaGold has built and the commissioning of Reefton is proceeding to our expectation and representation. Mining is on target and recruitment of professional staff is complete. As such, we believe that we can achieve a full year of production from this operation.” CEO, Stephen Orr commented.

bigdog
They need this full year of production to make up for lower production and higher costs coming from Macraes.
The Philippines operation ex Climax is still at least 2 years away and they still have to award the EPCM (Engineering, Procurement and Construction Management) contract, the sooner they can do this the better.
In 2009 OGD should be in the money but its a long hard road.
Running 3 start up projects Macraes underground, Reefton and Phillippines and changing from a single commodity company to a dual asset (gold and copper) commodity company with numerous projects may carry a bit of a risk.
If they can deliver all on time within costs it will be a very profitable company - we will have to wait.

 

[Dutchy3]

Could be a move out of the ranging that started back in Aug 06

 

[michael_selway]

As rquested by BigDog

Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS -2.6 1.1 4.4 7.7
DPS 0.0 0.0 0.0 0.0

EPS(c) PE Growth
Year Ending 30-12-06 1.1 70.0 --
Year Ending 30-12-07 4.4 17.5 300.0%

thx

MS