As I understand it when the blue line crosses the red then a buy signal is generated. But hey if you can pick the lows and the highs you're doing better than most investors.
Personally I would look at the last page of the presentation which shows Haile coming on stream in the US, adding about 250,000 oz of gold to their production. I would also compare that to the declining importance, relatively speaking, of Didipo the Philippines operation. Or even if the Philipiinees went off line for a whole year Haile will more than compensate. I look it at in value terms over time rather than the short term hiccup of political events in the Philippines. The company is so well run, so diversified, such a strong balance sheet and with such a strong strategy, the Philippines risk factor is being diminished.
Great time to buy in my view but hey life is full of risks.
OGC Price at posting:
$4.00 Sentiment: Buy Disclosure: Held
