So, I'm not sure how many on here read the OGC reports on Seeking Alpha... if not, they are not hard to find and offer some quite interesting views.
I read with interest that one of the more recent articles included the following:
Romarco has a decent cash position and is fully funded to complete the construction activities at the Haile gold mine, and once Romarco has been integrated in OceanaGold's corporate structure, I wouldn't be surprised to see the company hunting for new acquisitions as its relatively strong balance sheet allows OceanaGold to continue to invest in its properties (Source: Seeking Alpha)
This is a really interesting observation. At this time, I didn't think OGC would seek additional assets. Instead, I would think they would invest in their current operations.
Personally, an acquisition in Australia would really round-out this company. However, like other companies, no-one wants to pay a premium.
So, the question to the forum is: 'What do you think OGC's next move will be?' Compared with companies like NST, I prefer OGC's spread of assets. However, I do see a number of gold companies on the ASX presenting good value at present.
Welcome any and all comments.
Baron
OGC Price at posting:
$2.01 Sentiment: Buy Disclosure: Held