OGC 3.00% $2.40 oceanagold corporation

Resistance at $3.50 will first need to be overcome. But yes,...

  1. 70 Posts.
    Resistance at $3.50 will first need to be overcome. But yes, this company has proven itself well managed and delivering on its promises (unlike most of its Australian counterparts I'm also holding - SOC, RMX, AZS and PGI). Their ASIC is very low and the only thing working against them IMO is a poorly timed hedge they contracted at just over $1300USD. That hedge is OK now but as the POG continues to rise, it will start to drain away some profit.

    My short term target on this stock is $3.40 sometime next month.
    Last edited by Bobcat.: 19/06/14
 
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Currently unlisted public company.

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