RE:Once was a pooper, now it's a trooper!!!Excellent question. What has Osisko got? A hole in the ground while BGM spends Osisko gold?
Reminds me a lot of the Sandstorm deal and that Colossus deal a few years back. Didn't work out so well when Colossus redid their technical reports. Of course Sandstorm had invested on the basis of historical estiamtes. Naughty naughty, eh :)
And this all kind of reminds me of BGM. Seems to me everyone, including Osisko, shouldn't be too surprised when a BGM shoe drops out of the sky. I mean, San Gold had a great Peter George resource that didn't pan out. Rubicon had a big Peter George resource that, with current gold prices, got reduced 80% and I see there is talk about a shoe dropping for Goldcorp in Red Lake this year (I kind of doubt Goldcorp will fess up just yet, they like to keep with rosy projections and hope for the best but hey, who knows, eh )...
https://seekingalpha.com/article/3902586-anticipating-goldcorp-2015-full-year-results So, 2016 may prove exciting in the Caribou yet, especially now that the so called 500+ first nations in Canada (I call them Eco-Tourists, they came, camped out and pee-peed in a few lakes but built sweet FA in the country) are rallying behind the drama teacher PM... for a tame take see...
https://seekingalpha.com/article/3878976-black-swans-circling-canadas-resource-sector And of course you gotta check out the Alberta NDP saga at
https://www.therebel.media/ndpigs Gotta love the NDPigs twist, eh... is
See You Next Tuesday Notley trying to horn in on my good name? I hope not because I'd have to protest....pigBruinMcVeid is the boss pig in the resource sector :)
halcro wrote: On 2016-02-05, the company announced that Osisko had closed the $25-million royalty financing and the second tranche of the November 30, 2015, 32-million-share, 32-cent flow-through financing.
On that date, BGM opened at 28 cents and closed at 31.5 cents. Osisko (OR) opened at $15.75 and closed at $15.64.
Today, BGM touched 40 cents, up 8.5 cents (27 per cent) since Feb. 5. Osisko, not so robust, touched $13.89, and is presently at $13.69, down $1.95 (12.5 per cent) since Feb. 5.
Gold was $1,175 (U.S.) on Feb. 5. It's at $1,210 (U.S.) today, up $35 (U.S.), or up 2.98 per cent since Feb.5.
What has BGM got going for it when, during a period of market unrest and a yo-yoing gold price, it has jumped by 27 per cent and the share price of its largest institutional shareholder has dropped by 12.5 per cent (a total difference of 39.5 per cent)?
Maybe Osisko shareholders will be lightening up and flocking into BGM (follow the money!!!)?
Since Feb 5, 2016, 4,421,716 BGM shares have been traded. Four largest net buyers (774,000) are Paradigm (400,000), Haywood (152,500), Fidelity (134,500) and Anonymous (87,000).
During that same period, the four largest net sellers (1,030,433) are CIBC (528,930), National (215,900), RBC (196,618) and PI (88,985).