Post by
clubhouse19 on Nov 26, 2020 2:48pm
No news on Didipio means no good news to come.
On checking the Book value of Oceana it is listed at 3.29
And that is with most of didipio asset value
That book price is going to tank if a miracle does not occur
They had near 450 k ounces from there in 2019 and now down to zero.
The next report is not going to be pretty while managemnt plants trees and promises to be carbon neutral...well they certainly reached that goal at Didipio way ahead of time.
Comment by
MugglesOhana on Nov 27, 2020 4:13pm
Didipido is completely priced out. The chance Trump will win the election is higher than Didipido getting approved
Comment by
clubhouse19 on Nov 27, 2020 10:09pm
Why would you think that DIDIPIO is all priced in when it still has has a good amount of asset value what happens to that asset value and the corresponding book value when that gets written off ?
Comment by
uggg on Nov 28, 2020 4:45pm
How does writing off Didipio affect the asset value of the other mines? You are misinterpreting book value for NAV.
Comment by
MugglesOhana on Nov 28, 2020 10:49pm
then what is the book value of oceana then? and what would be the book value without didipido?
Comment by
clubhouse19 on Nov 30, 2020 8:47am
So the net asset value of DIDIPIO is subjectively much less than hwat is on the books as it is only worth what someone is willing to pay for whatever assets less the permit since it is basically worthless at this point having not been able to renew. The odds of renewal IMO are more in terms of a hail mary