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Bullboard - Stock Discussion Forum OceanaGold Corp T.OGC

Alternate Symbol(s):  OCANF

OceanaGold Corporation is an intermediate gold and copper producer. It has a portfolio of four operating mines: the Haile Gold Mine in the United States of America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand. The gold, copper, and silver it produces are essential to the renewable energy and transport sectors, life-saving medical devices and technology... see more

TSX:OGC - Post Discussion

OceanaGold Corp > back to 2008
View:
Post by Elvis436 on Aug 28, 2022 7:01am

back to 2008

https://claudiograss.ch/2022/08/paving-the-way-for-a-2008-deja-vu/

we're on the way to a 2008 similar meltdown. War in Ukraine, hammering inflation and perhaps Taiwan war, or a nuclear disaster at an Ukrainian atomic power plant ... If 2008 repeats Gold will go down to 1350 or below, and OGC is always good for a multiplication of their AISC. 

As the technical indicators show, OGC won't have a new high before 2025 or beyond. The last multy year high was early in 2022 at 3,40 CAD $. These highs appear only all three to six years.

Neither Gold nor a minor high risc gold stock like OGC acts as inflation hedge or a save haven in case of a meltdown - it never has since the dotcom - bubble.

Comment by SIGG1 on Aug 30, 2022 7:48pm
what a piece of sshhit that stock is. This could go below $1 with this sshhity environment.
Comment by Elvis436 on Aug 31, 2022 3:56am
The price of oil going up to 200 US$ or higher and the price of Gold going down to 1350 US$ or below, will raise the company's AISC to 1500 US-$ or higher. Then we will see: private placements for bargain prices or even insolvency. Well done Mr. Bond, let's go to 0,13 CAD-$ again.
Comment by DirkStHouse on Aug 31, 2022 6:26am
In france as I said before diesel price is dropping to 1,5 euros per liter starting september 1. Hoping more countries will follow. The low gold and silver price is crazy. To see silver bounce between 21 and 18 in such short time .......
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