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Otso Gold Corp. V.OTSO

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.


TSXV:OTSO - Post by User

Post by EyeofTigeron Sep 29, 2020 3:34pm
193 Views
Post# 31636623

Good Points

Good Points1.Hidden Agency costs are way too high. Weeson/Board acquiring 10%+ for nothing diluting exisiting shareholders over and above mgmt fees is seen through. 
2. 60% Acquisition of Mining Assets for 17M USD from Nordic Mines AB is Fuzzy. Thus transparency of  Pandion Debts which financed 17M came in as debt into OTSO and channelled into Swedish Subsidiary holding the mining assets as equity. 17M deployment produced negative shareholder value. Equity burnt in the subsidiary . Debt remained in OTSO. Read between the lines. 
3. Governance Gaps (18-20)

Market wisdom even though operating at half the efficiency knows 1, 2 & 3. Serious Financiers would easily see through 1, 2 & 3 as well . Weeson's will not be able to finance the mine considering 1, 2 & 3
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