Minera Alamos Inc V.MAI

Osisko?

[Investor416]

So if I understand correctly Osisko has sold their position. This truly baffles me Because why would a good royalty company sell its shares in a company that it just about to have royalties to give. Am I missing something?

[Arbutus22]

No, they didn't completely divest; only a small portion, i.e., under 10% of their holdings. Only Osisko knows the specific reason for reducing their position. Speculating: they need to raise cash to cover other expenses.    Given:   1. what you say, i.e., why sell shares in a company about to start generating royalties 2. Doug buying 120,000 shares in the past week 3

[deepthinker63]

It would seem that there's some agreed upon price or range.  As to why this has mostly been done in public markets vs. a cross, that's a mystery.   Every single investor is thinking the same thing: what am I missing?  Where's the trap?  At poker, if you can't identify the sucker, the sucker is you.  Is that right?

[Arbutus22]

Well, I suggest you contact IR. They will give more information than you'll find on this board and dispel the mystery. Management has been quite transparent in my dealings with them, continue to achieve objectives on time, and are now producing with POG rising. If I'm a sucker for waiting for the tide to lift this boat, then so be it.

[Arbutus22]

Follow up: given today's huge volume, safe bet that Osisko is selling more, with MAI management faciliating buyers. Go to https://money.tmx.com/en/quote/MAI/trade-history, and you'll see that the seller is listed as Anonymous (i.e., selling broker is masking their identity). Sure, not absolute proof of anything but given the volume, I'm guessing this is a large holder such as

[deepthinker63]

I've added a lot since ODV started selling. 

[Arbutus22]

Looks like sp held low prior to Fridays run owing to Osisko unloading at a discount to another institution:  Osisko sold between .55-.56: Oct 25: 7.6m Nov 9: 6.172m Nov10: 4.5m Nov 11: 4m At same time, Doug was buying, seemingly understanding that once Osisko is done selling, downward pressure on sp will disappear.

[sparkdog]

A whole bunch of us were buying too.