re: Ann: OceanaGold Announces Third Quarter 2... I agree and...

re: Ann: OceanaGold Announces Third Quarter 2... I agree and feel that they have shot the lights out. They have about $40m up their sleeves to use up their debt limits.

Re cap raise: Note that they have capital commitments within one year of $28.5m - see page 18 MD&A. There is talk of looking at power requirements to reduce costs - due December from memory - so it might be a better for them to sort this out first if they will raise capital.

This quarter they invested $35.4m and 9m YTD $126m. This q operating CF was $39m Obviously no mine operates without surprises, but the heavy spend is nearly done - so it is likely management will take a view on capital requirements based on their expectations of production. Additionally - Didipio is now obviously running well . . .if it was not - crap raise would be more likely too. Operating cashflow looks likely to outstrip investment cashflow.

I agree that they may raise their cash comfort levels - but they can probably point to Didipio shooting the lights out and extend their credit lines now. So there are some options there for cash IMO.

GLTA, GLTM too - lol