TSXV:OSI - Post Discussion
Post by
loonietunes on Feb 02, 2021 10:18am
New Coverage?
Globe says new coverage rates Osino Resources "buy"
2021-01-29 07:35 ET - In the News
The Globe and Mail reports in its Friday, Jan. 29, edition that Industrial Alliance Securities analyst George Topping began coverage on Osino Resources with a "buy" ranking. The Globe's David Leeder writes in the Eye On Equities column that Mr. Topping set a share target of 2.60 per share, which falls 10 cents short of the consensus. Mr. Topping is keen on the potential of Osino's fully owned Twin Hills project within the Karibib fault in Namibia. Mr. Topping notes that B2Gold and QKR have operating mines along the fault. He says in a note: "The region, in keeping with the industry, needs consolidation. Osino will either be a consolidator or be consolidated with outcomes dependent upon exploration success from here. Management's history points toward the latter with one company sold and one merged. ... The share price will be driven higher by exploration success and rapid progress toward a bankable feasibility study with an initial resource estimate by the end of Q1/21 and production by 2024/25. The current management team has the expertise and experience in the given geography to run this project."
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