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Osisko Mining Inc T.OSK

Alternate Symbol(s):  OBNNF

Osisko Mining Inc. is a Canada-based mineral exploration company. The Company is focused on the acquisition, exploration, and development of precious metal resource properties in Canada. It holds a 50% interest in the high-grade Windfall gold deposit located between Val-d'Or and Chibougamau in Quebec and holds a 50% interest in a large area of claims in the surrounding Urban Barry area and nearby Quevillon area (over 2,300 square kilometers). The Windfall property consists of over 286 individual claims covering an aggregate area of 12,523 hectares (ha). The Windfall project is located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Quebec, Canada. The Urban Barry properties are located in the Urban Township, in Quebec’s Eeyou Istchee James Bay region, approximately 700 kilometers (km) north-northwest of Montreal, and 100 km east of Lebel-sur-Quevillon’s municipality. The Quevillon property consists of over 2815 individual claims covering an area of 150,163 ha.


TSX:OSK - Post by User

Post by DaveG999on May 02, 2023 12:55pm
227 Views
Post# 35425419

The worst deal in Canadian mining history

The worst deal in Canadian mining historyGFI " ultimately represent an investment of C$1.2 billion to acquire its interest," yet only $959mm is acounted for in this news release.

The market acted as if it knew this was coming for 3 weeks, implying heavy insider selling. That happens to be a crime. 

Why is shareholder approval not required for a deal of this size?  

Why did the stock lose nearly 20% at the open. 

Why is GFI up 5% when it is the acquireor and OSK  down 6% when gold bullion is up $33 for the day (1PM)

Why was there no news conference in Canada explaining how C$1.2 is the value here, implying $2.4b value for the entire company.

Why didnlt' the compnay continue to drill with the money it had just raised to command a higher price for its shareholders - on the cusp of a major increase in the value of its product?








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