RE:Patience is the key of successThe question is, do they really have a story to tell or not? Based on the insider buying, the answer is no. If the answer is yes, why don’t they pay the big bucks to hire a promoter to boost the SP? Then do a financing and multiply by 20 the damn drilling with the proper management. Even shells are doubling their SP right now. Imo, Wares doesn’t buy shares on the market to increase his position, he just does so to maintain the SP and his pride. It’s his baby after all. NOBODY works on increasing the SP. There’s no way it will happen if no changes are made. Only Unstoppable is excited with what’s happening.
Management proudly announced last September their brilliant marketing strategy which was to spend a big $5,000 a month to Swiss Resource Capital AG to promote OM with videos on Youtube. That’s when Wares stopped buying shares on the market, he probably thought he didn’t have to do it anymore. They have no marketing and promotion strategy, let’s not forget OM is solely ran by geologists who never came close to go to a business school.
They really have no clue how the stock market works and who buys shares. Since they’re allergic to invest in promotion, this boat will sink when Wares will be fed up with buying shares. OM will then possibly become private. Maybe that’s the plan and is the reason why they gifted the properties to Komet. Osisko Royalties will keep its royalty and value since it will remain a shareholder of that private company, they won’t lose. Insiders will make money with their cheap stock options. On the other hand, stupid longs like us will lose. Look at the last PR: 3,000 meters drilling over several months, years 2022, 2023 and 2024 as milestones, who would be stupid enough to buy shares with a PR like that.