OceanaGold Corp T.OGC

Re:New interview with Sam Pazuki from OGC by C-TV!

[psych01]

Answer to: 'Is Didipio gone?'  No!!, not at all.  ie---very much alive.  Oceana is a steal, period.  And, before the detractors, the loose ers who get their thrills from discouraging people for reasons known only to their own bitter selves, spew their drivel---up your nose with a rubber hose.  IMO

[MugglesOhana]

No need. Simply sell in the money covered calls at $1.50 Dec 18. While it might not cover you completely at least you can lessen the blow to the downside.

[uggg]

All well & good if you want to sell the stock. I think you buy the April 16/21 $2 calls. They are about the same price.

[clubhouse19]

Funny how they blame everyone else for their troubles at Didipio.. Now considering their performance, why would anyone beleve his statement that it is not lost  ??   Just as lost as the US elections for Trumpass i would say.       

[uggg]

Problem with the in the Dec 18 in the money calls is you will likely lose your stock, so instead of getting a $1.65 for your stock you get $1.5 plus $.20 to $.25 for your option. So for 5 to 10 cents your tied up till Dec 18. You would be better just to sell the stock if you think there is a big down draft coming & hedge with the Apr calls. I think there is deep value here & would keep the

[MugglesOhana]

The problem with buying a $2.00 April call option is that you need the stock to rise to $2.25 to $2.30 just to break even which is quite the distance. On the other hand receiving 25 to 30 cents to cushion the blow for 3 weeks for the December 18 selling the $1.50 would be better than dumping the stock now because you would be getting the same amount while you wait for the turn around. Gold stocks

[uggg]

The stock's trading at $1.68 so you're only making 5 - 10 cents to tie up the stock. The $2 Apr call doesn't have to be held to expiry as there's lots of time to monitor & this could move fast on the next earnings or Didipio. A lot can happen in the gold market in 5 months.  But it depends on your perspective. I'm still bullish on gold & this stock, if I wasn&

[MugglesOhana]

But then would you have the guts to sell at $2.00 April 16/21 put and collect 55 cents now? All you would need is for the stock to stay above 1.50 to break even. If you're even a cent over $2.00 you would make a bundle. 

[uggg]

The put's not bad but you're tying up a bunch of margin. 

[MugglesOhana]

That's true but to receive that much premium is still not a bad return. Unless of course you want to go all in at these levels and truly believe that we are near the bottom right here before we take off. On the other hand with COVID cases spiking and various regions facing further lockdowns I think that further shutdown will cause gold and mining stocks to further weaken on a short term basis

[MugglesOhana]

And not to mention the stock already fell to 1.62 with gold only going down to the 1800 region. We still have more downside well into the 1700s so this would give another big leg or two down in Oceana's price before we find a meaningful low. 

[uggg]

As I said it's a matter of perspective. You are clearly bearish on gold but if you want to play the downside there are better vehicles than ogc options which are very illiquid.

[MugglesOhana]

The April 16/21 requires you to get past the 2.00 barrier plus make another $0.30 for the option so that would be almost a 40 percent increase in price from today to break even, when we are trending down.