InvestorsHub Logo
Followers 0
Posts 1727
Boards Moderated 0
Alias Born 01/21/2005

Re: cl001 post# 14950

Friday, 07/03/2009 2:31:11 PM

Friday, July 03, 2009 2:31:11 PM

Post# of 35813
OGC.TO: I had a dream last night.My rich uncle in NY died and left me USD 300m. Only condition is I had to DOUBLE them in a single investment within 12 months.

What to do then? I went to the 3 exchanges where OGC trades and offered a 100% premiun, 2.20 per share or USD 300m. I take out OGC:Now we finally have a new CEO.Me!.

And inmidiately sell Didipio in Philipinnes to China Minmetals Corporation for USD 200m and change. With that money I eliminate all debt and kill off the book of remaining hedges. It´s been a few months already and all cashflow has been diverted to speed up exploration and proving up resources.

Now we have a proven, debt free, hedge free, 300k oz/y producer witrh long life reserves in a politically secure area of the world. Sell it to a big fish miner for USD 600m

100% made. Now my uncle´s lawyers will let me have the money!

That´s about how undervalued is OGC even at double from today´s price!

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.