RE: more bad news...Costs are certainly getting a little out of hand with this one.
Was taking profits on our recent pop, and now I'm going to stay out of this until the dust settles. Looking to see if OGC heads back to the low $3's or below. I think things would be worse today if everybody wasn't on holidays. It's too bad, because I had high hopes for this one. I can't predict the future, it's unfortunate that management didn't play this better. I'm happy to take my profits and run for now.
I think possibly as gold seasonal strength comes to an end, I'm going to start looking more at some of my favorite oil stocks such as Ithaca Energy (IAE.V). Oil high already and we're not even into the summer yet, Ithaca going to be a 20,000 boe/d producer in the next little while, tons of cash in the bank, no debt, it's a great little stock.
Also still have a small position in OMI.V which is a 55,000 oz gold producer with a PE of 5 based on current earnings. Their costs are OGC level, but coming down instead of up. Great potential with a PE of 5. I'm going to stick with that one just because of the value that's there.
GLTA