RE:Some facts to considermartin81 wrote:
- Osisko drilling pattern trending southwest from Black Dog towards Trove. Holes OSK-BD-16-009 and 010 drilled closest to Trove have not been released, even though hole 011 has been released.
- Osisko acquires 16.4% stake in Trove neighbor Beaufield. Beaufield's CEO then resigns and is replaced by Osisko's VP of exploration Robert Wares.
-Osisko raises over $80 million for Windfall exploration.
- Trove property surrounded by Osisko identified gold-in-till anomolies. Osisko has been drilling new discoveries on Windfall by targeting these anomilies (Read OSK 2016 press releases).
- DGO announces 2 unsolicited offers for their Trove asset, followed shortly after with a third bid. Still no assays from Osisko holes 9 and 10 located immediately northeast of Trove and on trend with the fault being explored (not sure exactly how far these 2 holes are from Trove boundary. Can anyone advise?)
- DGO announces the company is being offered additional property in the area, likely some fringe outfits wanting a piece of DGO.
- DGO announces Advanced Notice Policy following the 3rd bid
- Several penny exploration companies announcing acquisition of fringe properties in the area, similar to activity normally seen during a major discovery.
- 34M shares fully diluted with current market cap of $6.6M
- Over 79M shares traded since DGO bid announcement 6 trading days ago.
Investors will have to consider all of this and more to decide whether this is a perfectly orchestrated scam pump as some claim, or a real and rare investment opportunity. I believe its an opportunity. I also belive the involved bidders include 1. Osisko (actively drilling, well funded with $80+ million, and claims surrounding Trove) 2. Chinese Institutional Investors who are invested in neighbor Beaufield.
Nice post and that's what driving me nuts about this Kaiser podcast...like is this guy for real or is just another idiot basher that has no clue what he is talking about? Maybe he's shorting but I don't see how you can look at all the facts and say this is a "classic P&D". I've been burned by enough of those to know, oh well time will tell and I will continue loading sub 20 if I get the chance.