Osprey Gold Development Ltd. OSSPF

Gold at $2690 CDN. $1925 USD.

[Quailman]

The old Atlantic Gold mine is on track to produce 100,000 ounces this year at a cost of about 800 CDN/ounce. Almost 200 million profit for 2020 unless gold goes higher. That should help pay for the US$536 million acquisition by St Barbara. If you connect the dots you might conclude that a buyout of Meguma and Osprey is very possible. St Barbara is not in a hurry to leave Nova Scotia. Current value of the 2 companies is about 21 million with around 1 million ounces in the dirt, probably much more. The value per a share is around 100-1 and growing. I can wait a little longer. Would like to hear opinions of others, but could we put the Orissa Sponge Iron thing to bed? GLTA

[Bobos2020]

I still can't understand, how in this market, the joint valuation of these 2 companies is hovering around $20 million only!!  Why wouldn't St Barabara just buy them for $60 million with a 200% permium? the map shows how Meguma and Osprey land positions are adjacent to and surrounding St. Barabara. So, this will expand the mining life of St Barabara significantly with minimal

[Quailman]

My theory is that St Barabara does  indeed want to purchase both these companies. However if they start to deal on one the price of the other goes through the roof. They dont want one they want both. If the 2 companies merge only one deal needs to be made. If they don't make a deal someone else will. That would really suck for St Barbara. These companies are worth much more than current

[Bobos2020]

Makes perfect sense. I'm accumulating and not selling any time soon.  

[rdgeo44]

Good morning QM, thks for the post & you're right, the Orissa thing is done & it seems now it had nothing to do with our management team, just the SH people. At least it was a distraction while we wait & it was a great name. Can you enlighten me on how Meguma got it's name, hardly a name that rolls off the tongue, I vote we push to keep Osprey as the amalgamated company name