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Strategies & Market Trends : The Ego Forum -- Ignore unavailable to you. Want to Upgrade?

To: El Canadiense who wrote (3939)	6/7/2009 1:17:27 AM
From: hubris33	2 Recommendations Read Replies (2) \| Respond to of 12175

300K Producers are priced at an average M/C of $600MM per my work, then again that is just one metric of valuation. Need to also look at 2P RESERVES and M&I Resources, Ops Cash Flow, Debt, Political Risk and few other metrics to get the full picture and reasoning for discounts to the leaders/peers. I'd guess that without a hated leader, reduced debt and hitting performance/production targets with positive cash flow, OGC could turn out to be a three bagger. Then again you note some key items that need resolution for the company to find some "love". Going forward we need to be thinking about consolidation in the PM space. Last time we had a wave was 2006-2007 and at that time there was speculation about "The Five Amigos" and how each would be in play for consolidation. Those five were: AEM, AUY, GG, MDG and KGC(?). Anyway AEM still stands but bought Cumberland Resources for its Meadow Bank play in Nunavut. AUY went on a buying spree snapping up RNC, DEZ, VYO, and fellow Amigo MDG. GG merged with Wheaton River, Bought up "extra" Placer Dome assets that Barrick didn't want, created Silver Wheaton scam, bought Virginia Gold Mines and merged with Glamis. MDG was bought by AUY. KGC snapped up Bema Gold. Looks like this time around the Amigos might be: Golden Star Resources, Red Back Mining, Northgate Minerals Gammon Gold New - New Gold Oceana Gold, and Minefinders. These are the companies that if they want to move up to the next level (Major/Super Major) need to do some deals to get to that 1 -MM opy production level. Ripe for the picking or needing to do deal of their own to get to the above level: Alamos Gold Aurizon Mines Jaguar Mining, and possibly, B2Gold. The rest need to prove up new or developing production and a few that could hit the 100K opy level could be in play as plums for others with growth ambitions: Allied Nevada Gold Apollo Gold Great Basin Gold Avion Resources Oh well just some thoughts.... H3

To: El Canadiense who wrote (3939)	6/10/2009 11:04:07 AM
From: hubris33	Read Replies (2) \| Respond to of 12175

One step complete OGC.to 10 June 2009 OCEANAGOLD MANAGEMENT UPDATE (MELBOURNE) OceanaGold Corporation (OGC:TSX, ASX, NZX) wishes to announce an update to the May 25th media release regarding the impending departure of Chief Executive Officer, Steve Orr. Mr. Orr and the Board of Directors have mutually decided to bring forward Mr.Orr’s completion date by three weeks to 10 June 2009. The recruitment process for a new CEO is well advanced and a short list of candidates is under final review. During this transition period, Jim Askew, Chairman will continue in the Executive Chairman role and Marcus Engelbrecht, Chief Financial Officer will act as Interim Chief Executive Officer until such time as the new CEO is appointed. - ENDS - kitco.com