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OceanaGold Corp T.OGC

Alternate Symbol(s):  OCANF

OceanaGold Corporation is an intermediate gold and copper producer. It has a portfolio of four operating mines: the Haile Gold Mine in the United States of America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand. The gold, copper, and silver it produces are essential to the renewable energy and transport sectors, life-saving medical devices and technology which connects communities around the world. The Didipio gold and copper mine is in Luzon, Philippines. It produces gold and silver as dore bars and copper in concentrate. The Macraes Operation on the South Island of New Zealand is an active gold producing mine. The operation includes a large-scale surface mine, an underground mine, and an adjacent process plant inclusive of an autoclave for pressure oxidation of the ore. Its Waihi Operation in the North Island of New Zealand is an underground operation. The Haile Gold Mine, located in Kershaw, South Carolina, is a gold mine on the East Coast.


TSX:OGC - Post by User

Bullboard Posts
Post by AngelEyes3on Apr 16, 2013 2:12pm
115 Views
Post# 21277236

Stock way to cheap in my opinion

Stock way to cheap in my opinion

Given the new production from the new copper mine this company is cheap in price. But so are most of the PM stocks. It was holding in well until Monday when they came in and hit it hard. I thought by today we would have a min recovery to the mid 2.20 range and once the bottom is confirmed a quick recovery to the 2.50 range. Which was Fridays closing price. This massive take down was the complement of Goldman and Merrill for the goldies. Over a years supply of paper gold was sold yesterday into the market. How are they able to get away with it. Complements of the Fed because they want no competition to their US dollar and the boys at these firms had their blessings. I for one will slowly rebuild my positions but with stops so that I do not repeat this mistake again.

Bullboard Posts