RE:RE:Run rate earnings currently > 6 mil netThe past couple of years = no earnings/small loss because of Africa.
CEO who was there during many poor years left or got fired some time ago and the old CEO, who presided over many years of prosperity is back. He appears to be cleaning up the mess and simplifying the business. We are possibly at the start of the results of such.
Note I have not spent much time on this, it is a small position and my statements above should not be taken with too much certainty.
What might happen:
1- Current run rate earnings 6 mil +/-
2- Harris wins in the U.S., the U.S. accelerates its decline, gold > 5000 as the U.S. crashes and burns amongst massive government spending and money printing. Decreased desire for U.S. dollars internationally.
3- CDN mining sector catches fire, juniors start drilling all over, OGD's run rate earnings jump to 8-10 mil
4- Sentiment changes on OGD, changing from an unwanted stock to a muchly cherished growth stock worth 15x earnings. SP goes to 15x 10 mil earnings = 7x current share price = 4.00