I have been waiting for this run for almost a year now. It is recognition that OGC is the lowest rated mid tier producer and consequently is now being re-rated to its peer group which in short means I see value up to around A$6 (refer to my previous post) and that’s without what I hope will be good news coming out of Haille related to both exploration and production. I don’t expect the $6 level to be achieved quickly unless of course some of the good news I am hoping for does follow through announcements in first quarter.
OGC Price at posting:
$5.09 Sentiment: Hold Disclosure: Held