Q1 numbers not great, future brightFirst every investor should aim to invest when the company is positioned for growth not after or when its too far away.
OGC first quarter not great, but did managent know this will occour due to plan mining activities; the answer is yes. They needed to sequence the feedstock etc.
Will a large cash i flow be cleaning up debt soon, yes funds from Philippines and also another 30 Million sometime this year.
Is gold price above the less than 2100 they got last quarter, yes it is 2300 plus since Q2 started.
Is gold price well supported, yes Q1 24 is the highest demand for gold since 2016. Central bank buying continues.
Did the conoany spend large Capex in the past to build out new mines, yes significantly over the last 3 years and now will go down F24 onwards.
So we have a company that will produce more gold, less debt or no debt soon, less required Capex, historically higher gold price. All this aligns to cash flow.
This might sound like just pumping but please other than giving up 20% of didipo everything else is great, would love alternative views.