Post by
psych01 on Nov 29, 2020 10:53pm
Re:RE:RE:RE:RE:RE:RE:No news on Didipio means no good news t
NAV of Didipio, according to current SP is nil, zilch---most subjective but nevertheless they vote it down---and POG retreats and will retreat more to heap insult on injury tomorrow.
But according to normal accounting principles Didipio remains an asset; it teeters on the brink of becoming if not a liability, an asset negligible in value---unless the rare commodity of reason outweighs corruptions in the would be democracy of the Philippines. Were it not for post pandemic need of economic revival, most scenarios of leaving would in effect create a liability. In present circumstances Oceana has some hope, they being best positioned by far above any other entity to revive operations.
Oceana has a presale deal to deliver some gold in 2021, which deal at present looks better than before. 2021 also sees some negative deals expire, and Martha Underground is on schedule. Haile is covid vulnerable but who knows, might dodge a bullet. All is not lost, it's a producing gold company and cheap---for people who don't mind a bit of a gamle. We're staying in, accumulating----and could the world be much crazier---good in the long run for POG. IMO
Comment by
wolfe1 on Nov 30, 2020 4:34pm
Who is, (We're staying in, accumulating-)
Comment by
uggg on Nov 30, 2020 10:23pm
You keep saying sell $1.5 Dec18 calls. Why don't you sell any? One reason is there is no volume. There is 0 volume & only 50 oi. There are 45 on the bid @ 18cents. Sell them tomorrow & we'll know you're not just talking out of your hat.
Comment by
uggg on Dec 01, 2020 11:51am
Muggle - you still haven't sold any of the calls you've been preeching. You can get 40 @ 21cents, get on it.
Comment by
MugglesOhana on Dec 01, 2020 5:11pm
The volume isn't there to fill a 0.30 bid
Comment by
uggg on Dec 01, 2020 7:21pm
You mean the price isn't there. There's 40 bid @ .25, sell those.
Comment by
MugglesOhana on Dec 01, 2020 10:57pm
Correct. But now seeing how we have bottomed in gold and silver on Nov 30, with the rally to the upside confirmed and on oceana we held 1.62 support at close, I'm glad I didn't get filled. Now the next level is 1.50 followed by $1.48 should this be a bull trap. But for those who had their stop loss at 1.60 got stopped out and now you have to chase this stock higher.