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Bullboard - Stock Discussion Forum Otso Gold Corp. V.OTSO

Metals & Mining Gold

Otso Gold Corp is a gold mining company. The company's only segment being acquisition and exploration of gold resource properties. Geographically, it has a presence in the Americas and Europe.

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Bullboard (TSXV:OTSO)

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Comment by bgsbnnyon May 12, 2020 10:43pm

RE:RE:RE:RE:RE:RE:RE:Equity Finamcing

hey triple, Just wondering would you may be using wrong currency? AISC of 1000USD and with gold 1700USD that would be 700USD = ~980CAD. if not could you tell us how you get 700CAD? either way if they ...more

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Discussion

Comment by rborhion May 12, 2020 1:25pm

RE:RE:RE:RE:RE:RE:RE:RE:Equity Finamcing

90% insiders, project vendors and financers it says in their latest presentation. Amazingly high.

Discussion

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Comment by RockLobster1on May 12, 2020 12:57pm

RE:RE:RE:RE:RE:RE:RE:Equity Finamcing

anyone know off the top of their head the level of insider ownership? If things do go to plan they should be able to get debt or streaming financing, maybe they are still working on it.... i agree I ...more

122

Discussion

Comment by triple3on May 12, 2020 12:52pm

RE:RE:RE:RE:RE:RE:Equity Finamcing

Yup If they can meet production projections and reach 95,000 oz yr X 700 CAD oz profit =66.6m free cash flow They could self finance further exploration and expansion Or, in my dreams, buy back ...more

110

Discussion

Comment by rborhion May 12, 2020 12:42pm

RE:RE:RE:RE:RE:Equity Finamcing

With financing out the way, that sets the stage for more project news, possibly an update on progress and ofcourse they are drilling and more drill results would be nice to see. I still say that they ...more

Discussion

Comment by triple3on May 12, 2020 12:28pm

RE:RE:RE:RE:Equity Finamcing

If they are able to release some positive drill results and are wise they might be able to get the SP higher to avoid dilution...with a lot of insider ownership i doubt they want to dilute themselves ...more

Discussion

Comment by rborhion May 12, 2020 12:18pm

RE:RE:RE:Equity Finamcing

I haven't seen any royalties or streams attached to the Otso mine. I thought they might have sold a small royalty to raise some of this needed cash.

Discussion

Comment by Dummoneyon May 12, 2020 12:12pm

RE:RE:Equity Finamcing

RBorhi I agree. If they excute- they have the $they have the team, they have cheap oil-, then this is still he best, most absurdly undervalued play in the junior space. Youd think tho he could ...more

103

Discussion

Comment by rborhion May 12, 2020 12:05pm

RE:Equity Finamcing

I agree on some of the downsides with these financings, but they did need to raise money and if there really is a gold bull market for a few years and the mine goes according to plan, there is still ...more

104

Discussion

Post by Dummoneyon May 12, 2020 11:35am

Equity Finamcing

Brian Wessons talk about protecting shareholders was bunk. An all equity financing? That almost gives half the company away? Hes supposed to be a deal maker? Any idiot could have come up with this ...more

178

Discussion

Comment by RockLobster1on May 12, 2020 11:07am

RE:RE:That's going to be a lot of shares coming to market!

looks like lots of shares being bought... we are now testing the 52 week high :) Nice reaction to the higher certainty of production and a successful mine.

Discussion

Post by calvin98on May 12, 2020 10:47am

News out !!!!

I didn't notice the startup date ? To much to print here. I guess after first pour and GOLD ....stock should head up alot ?

Comment by Tuckerthefoxon May 12, 2020 10:42am

RE:That's going to be a lot of shares coming to market!

Could you be more negative. Gold will be going up.

Discussion

Comment by RockLobster1on May 12, 2020 10:41am

RE:That's going to be a lot of shares coming to market!

well it would be iteresting if any lockup clauses are in these agreements... maybe have to ask. They will have a 4 month hold, and I'd assume they've done their DD and consider this to ...more

Discussion

Post by H8MiningBSon May 12, 2020 10:13am

That's going to be a lot of shares coming to market!

The issue with these drawdown financings are that they often are death spirals. Alumina will likely look to sell the shares into the market, which will lead to selling overwhelming buying ...more

163

Discussion

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