Pure Speculation I am going to try and cover off all the bases, here and up front I am bullish on this maneuver, here is the why.
First off, the two largest blocks, out side of funds that Jason has put in are Mr Zhaung and Jens. Jens is still in and Mr Zhaung wants to come off the board, so my guess is 10M of 16M are his shares. So another 1.3M could be Rons, which potentially means the announcement we are all waiting for is coming!!!
Announcement, could be, Zhaung off as he’s not contributing, Ron off as he failed on Bay street and Herve now as CEO. Lets hope, this is a potential block buster. It may also be a move to stop any potential back door take over. Its been tried before, remember Deluce last Feb? Lets face it, you got Kirkland, MTR and BTO right on the door step. You got OSK with a heap of data now on the property, they have put in roads right and on to BFD property and Im thinking with them drilling and completing two holes a day, they know. They know whats there & the up side potential….
What no one knows is where this paper came from…
Announcement #2, Back to the property
Announcement #3 Drilling commencing
Here is how I read this glass 3/4 full vs half, If they do not do any work on any other BFD property and Windfall does not work, OSK even with a 10-1 roll back puts this stock at $1.40 a share, and 20M shares out, and they are going to be forced to make this deal work!
At the end of the day, what do we want? We want value in our BFD stock and an offer from OSK for cash and stock in OSK, why? They are going to have a procuring mine with 300-500 oz of Au by next year. There are very few juniors this close to GOLD, RIGHT?
Lastly, on my part and speculation, if none of the above is true, then OSK just cleaned up a huge market overhang for Jason, and perhaps, just perhaps, one or 4 institutions said to Jason, get me out, we want MJ deals! If OSK did do this, then cutos to them, they assisted Jason big time, demonstrating they have his back, and now the market is cleaned up. My share count was 170M of 200M was tight, now I am thinking its more so this could be a huge sling shot, in advance of drilling and PDAC,
Ok, lets talk, put holes in my theory
J103 ( last but not least, this is the cheapest way now to play OSK!!!)