Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: hubris33 who wrote (3973)	6/11/2009 5:38:23 PM
From: El Canadiense	Respond to of 12175

OGC: great bargain just got cheaper. loaded up to my eyeballs on this one.

To: hubris33 who wrote (3973)	6/11/2009 6:00:22 PM
From: El Canadiense	Read Replies (1) \| Respond to of 12175

OGC: hubris, check out the AGM materials: asx.com.au asx.com.au it´s pretty obvious, see the Chairman letter talking about unleveraging and unlocking shareholder value and the presentation (page 5) saying RE-FOCUS on NZ mines glue it together with the CEO being kicked for no apparent reason and it all becomes pretty obvious, NEW PLAN: sell Didipio mine in Philipinnes (the toy of the now ex-CEO who sold all his shares in disgust), with that cash (I believe Didipio can be sold well above USD 100m, whats your take?), OGC can get rid of all the debt and hedges, prove up gold ( theres about 5m oz to be proven in to reserves) and then become a 300k oz producer with unhedges reserves in a politically secure area of the world (coxe mantra) with 50 cents cahsflow per share selling for CAD 1.03 per share or just 160 M CAD and tell me its not a 4 BAGGER or better ?? meanwhile, the CEO thing uncertainity is creating a window of oportunity to get this at absolute laughable rock bottom prices thanks to some nervous dudes releases like this are really scary! WHERES THE SELL BUTTOn??? asx.com.au