OceanaGold Corp T.OGC

AISC Yikes

[yogi33]

$2131 in Q2...Yikes

[yogi33]

AISC Guidance for 2024 was $1475-1600oz sold. Sorry but you are not on track to meet this cost guidance. What happened? yogi...

[Esther1]

Their AISC is terrible as usual but I am actually relieved by the expected 4 cents a share and the confirmation of guidance. The first half AISC is 1963 and it is possible that they hit the high end of their AISC of 1600 by mathematics.   That being AISC is largely a function of how much gold.  And gold will be 60%+ the last half. So AISC should be around 1300 and that would be

[yogi33]

Opening and volume telling me Mr market is not happy with these results

[Elvis436]

20 % loss in the premarket for the stock tells you a lot. So Mr. Bond can now start to repurchase OGC-stocks for a discount. To dump the stock in order to make bargain buybacks the strategy may be genious: On purpose reduce the gold production to skyrocket AISC, "invest in waste reduction", get an image as a liar promoting "the first quarter is the weakest, during 2024 the AISC will

[Esther1]

I have not had time to listen to webcast, but will in a few hours.  I bought a bunch at 3.16 and could have bought lower if I was not preoccupied.  People need to look under the hood when hearing headline numbers.   The forecast for earnings was 4 cents and that is what it  was.  If gold production is even at the low end ( they say it is)) then this company will make

[traderbri]

People need to look under the hood. I looked under the hood, the engine is there but there's no gas in the tank. Cheers

[Esther1]

I listened to webcast.  A bit unispiring.  Management continues to iconfirm on guidance for both production and AISC.   As usual a thousand reasons for underperformance.    IMO the foundamentals are so good for this company that at the current price of gold it is hard to believe that the stock price does not end in the 4`s by year end.  That is assuming no major

[yogi33]

Esther...looks like you still have time to buy more. Was under$3 briefly with gold relatively flat. Either a great time to buy, or the market doesn't believe mgmt can execute.