Uggg - News for you
Looking at your last several posts, my impression is that you've swallowed the Out-to-Sea Kool-ade and have zero desire to consider critical thought. To be clear, when I voice criticism of a company's results or management, it is not with the intention of changing your religion, political beliefs, or even your investment philosophy. If you choose to put faith in the Partly-in Sustaining Costs (AISC) as advertized by Oceana, that's your choice. I have previously posted that in the case of Out-to-Sea, the reliance on the company's Partly-in costs has been injurious to investors' financial health.
You make passing reference to Esther's calculations for 2021, predicting break-even or a bit better. Just mull on that for a minute. Here we are at close to the best gold price EVER, and you want to celebrate break-even? Before you respond, I invite you to examine the financial report of Q3 2018. Back when gold was $1285 per ounce, this company was producing 10 X profit it does today. Go ahead, strip out a rough estimate for Didipio. Even without Diddled, this was a FAR better company in 2018, at sub-$1300 gold than it is today. If you don't care for Q3 2018, pick another. How about Q4 2017?
Point: This company is well beyond its best-before date
Point: Uggg, you ask for comparabes, and over the next few weeks I will happily supply the same, recognizing there's not too many companies remaining in the 300,000-500,000 oz category. Nevertheless, many companies will be reporting and I'll try to point out significant differences. Meanwhile, I gave the board a comparable yesterday, SSRM. I pointed out the extraordinary difference in profit per ounce. You have ignored it, fine. I don't care.
Aside, I appreciate Esther. Despite her gullibility in using Out-to-Sea's starting numbers in trying to calculate a reasonable estimate of what the future may hold, at least she tries. Myself, I simply don't believe that management's direction is helpful for my financial health. Full disclosure: I have no position, long or short, in OGC. Today.. I see far better opportunities elsewhere.