So here's the monthly chart, but today Oceana is up 8c or 2.3% at time of posting. Price is currently 3.58 but this is not shown yet on the monthly scale of bigcharts. There are some indications that this might not yet be a true break above the previous high made in Oct 2012, but eventually it should come as long as gold itself at least holds near current levels. I'm half expecting a pullback first though because of daily indications - false daily break? Personally I think this is maybe the best price chart in the Australian Gold stock space, and eventually should challenge the all time highs just above $4, and if gold improves as anticipated by some, this should break out fully, just imo. All Data Monthly Chart of OGC
BY BROKER NEWS - 01/08/2014 OGC - OCEANAGOLD CORPORATION June quarter results were weak, as the broker expected. Didipio grade was lower but in the second half grades are expected to rise. Credit Suisse retains an Underperform rating and increases the target to $2.36 from $2.03 based on an improved cost outlook. Sector: Materials. Target price is $2.36.Current Price is $3.11. Difference: ($0.75) - (brackets indicate current price is over target). If OGC meets the Credit Suisse target it will return approximately -32% (excluding dividends, fees and charges - negative figures indicate an expected loss). http://www.sharecafe.com.au/fnarena_news.asp?a=AV&ai=31093
Reported full year today, and eps down significantly on fy14. However still looks pretty solid. Share price has retreated from the all time highs just above $4, and down 8% today so far on the news
