Post by
blackgold14 on Jun 24, 2021 6:49pm
After The Runup, Consolidating Now, To Move Lot Higher Soon
After the runup from 5 cents to the 8-10 cent range, the stock is consolidating now on low volume. As production nears, I expect fewer sellers and more buyers appearing. A break out beyond the current 8-10 cent range will probably happen once the company announces that production has commenced. That announcement is expected in Q3 - either July, August or September 2021. We should see the stock move up to the 15-20 cent during Q3. Further share price appreciation beyond the 15-20 cent range should happen as the company announces initial production results provided that they are in line with or greater than expectations. The predictions I have made hinge on gold staying within the US$1750 - 1850 range. If we see a break out above this range, then there should be more share demand and a higher price. Despite the $100-$150 selloff engineering by the FED and their band of master manipulators last week, OTSO's share price has hung in there very well - a sign that investors know that the stock is dirt cheap with massive upside potential. As I previously posted on this board, it's a damn shame that management went for that highly dilutive financing in Q1. OTSO stock went from 25-50 bagger potential to now a 10 bagger being a probable yet great result for all shareholders who got in the last two years at roughly the 5-6 cent level. OTSO stockholders who have or are buying in under 10 cents will still realize an exceptional investment return in the hundreds of percent even if the price of gold just stays in the current US$1750 - !850 range for the next two years.