whilst I bought more on Monday, not overly happy myself with the transaction.
Well, the asset im happy with, as in, the mine, but the way it was transacted, nope. With debt so cheap these days, and good existing margins, would have thought it would have been better for shareholders to have taken on some leverage and reduce the dilution.
All out equity hurts a bit, but im in this for the long haul as OGC has been purchased for my super.
Biggest risk now to the company IMO is commissioning risk. If we can overcome that, then away we go.
OGC Price at posting:
$2.30 Sentiment: Buy Disclosure: Held