I suspect that the last dividend of 1 cent per share did not get investors overly excited about OGC.
They have a fair few balls up in the air. Actually each of their four mining operations have some issues - the NZ mines involve LOM issues, Haile's is about actually getting the mine to specification, and Dipidio is govnut actions or potential actions.
If they can get all the main issues sorted out then at the current share price it seems to be the cheapest mid-tier goldie relative to SBM, EVN, RRL, NST.
It could take quite a while for them to sort out their kinks and the market may not be interested in waiting.
loki (bought a few OGC shares for the very first time - shoulda bought them back around Nov/Dec 2008!)
OGC Price at posting:
$3.19 Sentiment: None Disclosure: Held
