Post by
R_J_ on Jun 22, 2018 1:07am
Osisko Gold Royalties [OR.TO]
At the start of the year, Osisko Gold Royalties owned 9.1% of Dalradian’s stock, and Orian owned 9.5%.
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Osisko Gold Royalties and Orian Mining Finance have historically been intertwined.
Many of Osisko’s royalty streams are from Orian.
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Personally, at the start of June, we had equal amounts of money in Dalardian, our 5th largest holding, and Osysko, our 6th largest holding.
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So we may stay on the Dalradian train by transferring our proceeds to Osisko Royalties.
We purchased Dalradian for 73-cents in October 2014, and selling for $1.47 in June 2018.
Exactly a double in 4 years time, or 25% increase/year. [Respectable]
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We plan to wait for a bad day, and put in a stink bid for Osisko, and more than double our position in Osisko using the our Dalradian proceeds.
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Is Osisko a dog? The first four months of the year the share price has been down.
Obviously it is in our [‘my’] interest that the downtrend continue viciously into the Summer.
Stink Bid Bingo.
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By this time next year, hopefully the market will applecart the hidden value of Osisko specifically, and Gold Royalty Stream companies in general.
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Like Dalradian, Osisko itself will probably be eventually taken over by a larger Royalty Stream company such as Franco-Nevada.
This is the most effective way for a larger Royalty company to expand.
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Just sharing my plans with you. I hope you are not too annoyed.
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RJ