OceanaGold Corp T.OGC

Sam's show at Denver

[templetooth2]

Apart from 350,000 - 370,000 oz expected in 2021, presentation was fact-lite. Lots of time spent on reopening Diddled.

Sam acknowledged it's been a tough few years. ( I nominate this as understatement of the decade!)

Company wants to get back to glory years when they were near the top of the heap for return on equity and return on invested capital. Exceedingly short on details as to how this might be accomplished. Haile was only #2 on the list. There, emphasis will change from production to cash flow maximization. Zero details.

Only passing/accidental reference to new interim CEO. No reference to "We-know-what-we're-doing" Holmes or whoever he was. What a disaster. Usually, a stock goes DOWN when a CEO departs for unexplained "family reasons".  Esther would be a far better selection. She could fire 60% of the board of directors, eliminate their salaries, and co would be further ahead. Etc.

Somebody on the B2 board ventured that OGC would be a good takeover target for B2. If you think it would take Cdn $3 to cement a deal, that's about Cdn $2.2 BILLION. No freaking way is this company worth $2.2 B.

[Ctol80]

It's nice to see the OGC share price edge higher but we have more ways to go. I like the momentum behind the name now and it's clear shareholders were looking for a change of the guard.  @Temple: I respectfully disagree with your views on the Denver presentation. From my perspective it contain a considerable amount of substance. Sam clearly laid out as Tigirs pointed out, the top

[Ctol80]

I will add a few more FACTS on Oceana for Temple and other to contemplate. Oceana said Didipio will add $80 million to $90 million in after-tax cash flows each year for the next 10-11 years. Sam stated the analysts value the asset at $300 million. There appears to be an opportunity for any investor to presumably take advantage of a significant arbitrage.  Waihi will double in production and

[tigris72poo]

Agree with  most everything you say Ctol.  Another very important  point Sam made in passing regarding WKP:  In addition to having high grades and big size potential, the project is close to the existing infrastructure and mill.  So it is not going to take 10nyears and hundreds of millions to put into producion once they get their permits.  WKP and Didiio will have