Framework Journal · one stock, one dated entry

Recorded 2026-07-31 · Permanent

OceanaGold Corporation OGC

Clears both ethical standards

An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.

In plain words · OceanaGold Corporation engages in the exploration, development, and operation of gold and gold/copper mines in the United States, the Philippines, and New Zealand.

The label
Distribution

read at $24.13

OceanaGold Corporation holds its Distribution at $24.13.

PHINPOOPSC
  • PHPhase · the trend structure carries the Distribution label
  • INInsiders · no filings inside 60 days, left as found
  • POPositioning · no disclosures inside 60 days, left as found
  • OPOptions · no verdict drawn today, left as found
  • SCScreen · passes the values gate
  • edge confirmed
  • edge broken
  • edge forming

Each arm is one independent read. Conviction is not a single call, it is how many edges converge.

The investor read · the season, not the day

As held on the ledger · 2026-07-31
PhaseDistribution · caution
Quantitative stateElevated stress, defensive posture warranted, held for 2 days
Price$24.13
Valuation7.36 trailing · N/A forward price to earnings
Values screenPASS · score 70.0
Beta1.51

The business, in plain words · what the numbers mean

The fundamentals · plain-English read
Trailing P/E7.4x
very cheap relative to earnings
Revenue growth98.5%
growing very fast
Profit margin33.7%
highly profitable on every dollar of sales
Return on equity34.6%
an exceptional return on shareholder capital
Debt to equity2.20
heavy leverage — higher risk if revenue softens
Current ratio1.45
adequate liquidity, worth monitoring
Beta1.51
much more volatile than the market
Market cap$5.4B

The risks · The things to watch: it already moves more than the market on an average day; its business and earnings are exposed to Canada and to currency swings; it carries a real debt load, which raises the stakes if revenue slips.

Plain-English interpretation of our own screen data. Analysis, not advice.

Related securities · others in OGC's space worth a look

BTG B2Gold Corp. SSRM SSR Mining Inc. OR OR Royalties Inc. AUGO Aura Minerals Inc. EQX Equinox Gold Corp. EGO Eldorado Gold Corp

Screened names in the same industry · explore each on its own page.

Where & how to trade · wherever in the world you are

OGC trades on the NYSE (the company is based in Canada). As a US-listed security it is accessible through almost any international broker offering US markets. New to this, or investing from outside the US? Our guide to accessing global markets covers brokers, currencies and the practical steps.

The trader read · the latest dated commentary

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 4% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 67%. Our forward projection puts the odds of a 10% gain over the next month near 46%. Entered 2026-07-18 · Distribution

The dated journal · newest first, never edited

2026-07-18 Distribution $26.22 +0.0% Entry 3

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 4% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 67%. Our forward projection puts the odds of a 10% gain over the next month near 46%.

2026-07-03 Distribution $26.22 +0.0% Entry 2

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.

2026-07-02 Distribution $26.22 Entry 1

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.

Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.

What holding actually paid · price plus dividends

If $1,000 had been placed · historical, not a promise
PeriodPrice thenPrice returnDivs per share$1,000 becameTotal return
1 month $32.64 -26.2% $0.09 $741 -25.9%
2 months $34.05 -29.3% $0.09 $710 -29.0%
3 months $36.71 -34.4% $0.09 $659 -34.1%
6 months $27.99 -13.9% $0.18 $867 -13.3%
1 year $14.41 +67.1% $0.18 $1,684 +68.4%
2 years $6.62 +264.1% $0.27 $3,682 +268.2%
3 years $6.35 +279.7% $0.33 $3,849 +284.9%
5 years $6.28 +283.4% $0.36 $3,891 +289.1%

Historical returns from market close data. Past performance does not guarantee future results.

This entry now belongs to the ledger. Whatever OGC does next, these words stay.

OceanaGold Corporation · OGC · Distribution · $24.13
Recorded 2026-07-31 · before the outcome · scored mechanically

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