RE:RE:RE:Re:WebcastDirkStHouse wrote: not true and after Q4 didipio will be in even better shape :
( from the transcript : )
In the third quarter, the Didipio recorded sales of 19,151 ounces of gold and 3356 tons of copper. Also, in the third quarter, 1096 ounces of gold in Dor was sold, with remaining sales related to the gold copper concentrate. And at the end of the quarter, we had received approximately $38 million from the sale of the concentrate, representing approximately 60% of the total metal value of the full inventory. The remaining funds will be received in the fourth quarter.
Wish you were right DirkStHouse buy I am unfortunately correct.
Companies work on accrual accounting not cash accounting, and the stockpiles were included in sales for third quarter even though not all the cash was received yet. That is why the revenue was so high, making the earnings so good. ( see income statement). - ( 60+million from Didipio)
Trust me, the stock would be much higher if you were right, as most people realize that the 4th quarter will be much less revenue and profits. They will no doubt have to pay income tax ( the usual) instead of net credits, and also Haile is into lower grades( on call)
The company needs Didipio production in the 4th quarter just to make up for the poorer performance out of NZ ( covid to some extent) to make the full year forecast given. (on call)
We will see stock appreciation when the company starts producing free cash flow, hopefully in 2022. You can see that they use more cash than they produce. (F/S)
I am sure Didipio will go a long way in curing this, and look to much better times in the near future.
I am sure Haile is a concern for many. Interesting discussion on the call about that, but
no real clarity until 1st half of next year.
Of course, a resurgent price of gold can make up for a lot of things as well, but OGC does not need this to be a double, or more in a couple years. It only needs to execute on production and permits per its 5 year plan
Just my opinion, but it looks like it is shared by many investors. (price)