this to me is a screaming buy. they will get $50m + of shares in ascot while OGH's current market cap is only $20m. the ascot boys will make wonmunna into something (a producing mine) and cash will flow to OGH (add in the royalty as well). i have been here since the heady days of almost 20c but i think this is a very good time to average down. we finally have direction.
add in that directors have substantial shareholding and bought last year (nathan featherby) and im happy to have a solid punt on this. dont forget that nathan featherby was also partly behind the monstrous successes of SIR and ABU.
i think this is as low as we could possibly go. 2014 will be the year for OGH to turn their fortunes around.
OGH Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
