RE: RE: It's all about the gold priceyou can stop b!tching about the $165M debt if you can spend 5 min to read the financial statements.
https://www.oceanagold.com/images/documents/files/100630_ogc_q2_2010_financial_report.pdf
1) of this 165M liability, 33.7M is capital lease, rest $131M are convertible notes due on various dates. 46M due Dec 22, 2012 and 85.2M due Dec 22, 2013
2) of this 165M liability, 55.6M is classified as current liability which means next 12 months. OGC generate about 35M operating cash flow in last quarter if you remove the one time hedge settlement payment
how hard is it for OGC to repay all debt in a year or 2? the notes are not due until next 2.5-3.5 year. plus OGC can always refinance with its strong cash flow. and can get additional project debt if required for Didipio. remember Didipio already has the mining permit in place.