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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
Comment by ERTguyon Apr 25, 2016 2:02pm
79 Views
Post# 24807052

RE:Any thoughts on the last 2 days

RE:Any thoughts on the last 2 daysI think maybe a little profit taking as the sector as a whole is overbought and gold overall has been trading relatively sideways.  I think you'll see continued advances in the sector over the next few months even if gold holds at it's current level as the market continues to make higher adjustments to the mining sector's EPS for the next Q.  Another thing to consider is there is a gap to fill to 3.76 from OGC's most recent run.  Although gaps don't always fill in most cases they usually do.  When OGC first made it's push to $4 there was at 3.36 from the run made on February 5th. And on March 15th it filled and showed support right on the cent at 3.37.  You can clearly see the gap from April 6th at 3.76.  With the 50 day at 3.79 and the strength in the sector, this is a very obvious support level and a buying opportunity if this scenario plays out.  
Bullboard Posts