MegumaGold Corp NSAUF

For Osprey Shareholders, Merger Has Been A Complete Failure

[blackgold14]

In September 2020, when the merger closed, the stock was trading at 19 cents.  Today, 6-7 cents.  Pathetic.  For Osprey shareholders, the merger has been a complete failure.  Osprey would have done much better just going it alone.  While many gold stocks have come off since September 2020, Meguma has cratered very badly in comparison.  That's what happens when you don't have a strategy for keeping shareholders informed regularly and excited about the future.   The last news release was in November 2020.  WTF is this nonsense.  Management, time toi wake up or get fired at the next annual general meeting.

[FutureNow]

Actually, if they don't announce news on the work they said they started a couple of weeks back, I think we should report them to TSX, anyone have experience in reporting a company? do I need to get my lawyer involved or do we just fill a form as a start. I'm sure they are getting approached by other companies to buy them out, sell the damn company if you can't handle it.  

[rdgeo44]

Hi Futurenow. I fully agree with you, this is a sick joke, the management & BOD of Meguma should be investigated whist there is still some value in the company. I invested in Osprey as when I did my DD. their management team was quite impressive. The clowns at Meguma are embarressing. It's interesting to see that some of the BOD are quitting like rats deserting a sinking ship. I wonder

[FutureNow]

This just in: Work in the optioned Meaghers property has been completed already, and that now accounting at Genius Metals are reviewing the expenses, and that the work is at the lab already and pending results, and when results are out, news release will be published. Of course, this info wasn't obtained from MegumaGold (the black hole for communications) but from Genius Metals :)

[blackgold14]

It's very clear to me that they can't handle it.  The price of gold has been in a upswing recently yet Meguma Gold shares just hit a 52 week low of 5 cents today.   For Osprey sahreholders, the merger with Meguma Gold has not only been a complete failure, it's been colossal.  While many other small cap gold stocks are moving up and recovering lately, Meguma Gold

[rdgeo44]

Great post bg. The Osprey deal has been a major screwup for investors, it's just too bad there is no recourse for investors to hold managment responsible. Your point about holding management to task & making sure you never invest with any of them again is well taken. I just don't understand how the rules are so lax that they allow anyone to start a company, suck in a bunch of money