Ann: OceanaGold Announces Third Quarter 2013 Resu, page-4

re: Ann: OceanaGold Announces Third Quarter 2... Results look quite good. Reassuring the know they have sufficient cash and undrawn debt to pay their convertible bonds due next month. This is especially the case when many gold miners are forced to raise capital at rather appalling prices or face destruction.

The AISC is misleading for OGC and MML because the operating cash flow is only moderately positive whilst the cash margin of gold sales to AISC is huge.

EBITDA being $43.3m looks good, as is the net profit.

But then if I was management, I might also consider using this price spike to prepare to raise some cash. Would you?