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a plague o both your houses

Catching up with the Filipino Pair Trade

On September 27th, the day the President “GodToldMeNoSwearing” Duterte government of The Philippines announced that 20 mines were under audit and threatened with a licence revoke and closure, we noted the drop in two of the companies affected by the announcement, B2Gold (BTO.to) (BTG) and OceanaGold (OGC.to) in this post, which ended:
“…a decent pair trade looks like long BTO/short OGC from here.”
That was then and this is now, the other side of October so check up and see how things are going with that pair:
  • On September 27th, OGC closed at $4.05. Right now it’s at $4.08, up 0.7%
  • On September 27th, BTO closed at $3.38. It’s now $3.99, up 18.0%
Any further questions?

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