Post by
farmboy75 on Apr 01, 2023 3:02pm
RE: Upward trend
There are many reasons for OSK's upward trend. Gold has for a while been on an upward trend due to fears associated with several bank failures, both in the US and abroad causing many investors seeking safe haven in the US dollar , bitcoin, and of course the long term stalwart gold. Last April 14th 2022 OSK traded as high as 4.65 per share. With 15 drills turning doing step outs and infill drilling from surface and underground much more gold has been outlined and a better understanding of the ore body has been achieved. Agreements for power supply with the first nations is in place and there are more agreements with first nations ongoing . So OSK is getting all their ducks lined up to move forward with the project ,wether they sell to one of the big miners or proceed to mine Windfall themselves.Once the mining proceeds this will be one of the highest grade underground mines in the world and should produce great profits for the life of the mine. While this desertation could be construed as pumping, I am only stating facts and have been a patient and long time holder of OSK. GLTAL.
Comment by
martin020 on Apr 01, 2023 4:22pm
I enjoyed your reasons for the Osisko latest runup, but i just want to note it is not they that decide to sell, a take out bid has to on the table and we as shareholders decide if we tender in our shares.
Comment by
farmboy75 on Apr 02, 2023 9:47am
Yes, while there would have to be an offer or bid in place to take over OSK, It would be the major share holders making the decisions, not us little share holders. I have been thru this scinario many times and have been dissapointed mostly with the final offer that is accepted. If we are taken over, hopefully the offer accepted is satisfactory to all share holders big and small alike. GLTAL