Otis Gold Corporation OGLDF

RE: News on Otis Gold

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Maybe that will be enough to actually get the resourcre estimate done and/or finance another couple of appearances by Craig Lindsay on the Korelin Report.

 

Too bad that's likely all they'll achieve this year. They haven't got enough cash to conduct a meaningful drill program, and raising it at the current price will mean diluting the stock to death. They could perhaps afford paying an engineering firm to do a scoping study, but that would of course require them to actually complete the resource estimate.

 

The combination of a brutal junior market and Otis' consistent failure to deliver on their promises has pretty much killed off the company. At this point I wouldn't be surprised if they never deliver the resource estimate and hope all the old investors eventually sell, so they can start over with a new shareholder base.