Re:RE:RE:From todays credit facility announcementHaile is a disappointment, but agree it is perceived by rational investors as temporary, fully explainable by weather and Covid. Q4 will be disappointing but not to the point of chasing many people away, especially if POG stays up, as it appears it might.
Remember, this latest uptick is mostly due to rising hopes in receiving the FTAA for Didipio, somehting Oceana continues to report as likely; since that could be described as a material item, I think it likely that Oceana is negotiating the details of the FTAA, not whether there will be an FTAA. In the financial statement today, a meeting with the Philippines Central Government, not the local government, was all but announced.
Today we saw a lot of support, my take being that people are giving the FTAA at least 70-80% chance. If POG stays, goes up a bit on a U.S. Stimulus bill and we get the FTAA, we're $3 CAD and up she goes. IMO