Long Over DueThis was news that was to be out weeks ago, but were glad it finally got tabled. With OSK completing two holes a day, they are slowing the lab (s) down. But the information is coming, and should be good.
I have heard, they may even have a thrid drill soon as well, wont hold my breath, that said, I have not turned negative, just disapointed that they have not gone harder on this project, with $7M plus in the bank, there is no reason to slow this down, other than an internal objective, that may not benefit the shareholders at large. If you were OSK, what would you do?
Spend the money, drill and pay more for BFD?
Buy the company at a 25-35% premium for existing properties and cash?
Spin two or three properties out for several million dollars, keep the cash and have a gravey trian?
There are lots of options, but for the benefit of all stakeholders, we need a competitive bid, I think its coming, maybe by mid Sept, bottom line, BFD, should not be trading down here, fact or fiction?
Lets get some conversations going here now on the board....now that we got two drills turning and core at the lab....if the reults are good, this should pop, gold running, many world issues and Trumpland in crisis.....all good for gold. OSK up .60 in ten days...something does not smell right....
J103