Otis Gold Corporation OGLDF

RE: Boomboom..

[sesses3]

The rights plan is completely standard; it doesn't come into effect unless someone makes a takeover-bid. Don't take my word for it, though, look up the similar plans used by a lot of other companies.

 

That said, if there's no fundamental reason for the recent runup in Otis' share price, then a reversion to the low teens is inevitable sooner or later. Since Otis won't have anything significant to announce until sometime next year (provided they can raise the cash to actually do some drilling and various other stuff), I'm puzzled by it. Maybe some random newsletter has decided to pump Otis, or whatever.