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Bullboard - Stock Discussion Forum Osisko Development Corp V.ODV

Alternate Symbol(s):  ODV | V.ODV.WT.A | V.ODV.WT.U | ODVWZ | V.ODV.WT.B

Osisko Development Corporation is a Canada-based gold development company. The Company is focused on-past-producing properties located in mining-friendly jurisdictions with district scale potential. Its projects include Cariboo Gold Project, Tintic Project and San Antonio Gold Project in Sonora, Mexico. The Cariboo Gold Project is an advanced stage feasibility level gold project located in... see more

TSXV:ODV - Post Discussion

Osisko Development Corp > ANY OUTRAGE OUT THERE AT ALL???
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Post by SilverSam on Oct 24, 2024 12:30am

ANY OUTRAGE OUT THERE AT ALL???

I have been a long-term trader of Osisko Mining for a number of years, and finally took the money and ran after their recent buyout.

In April, I decided to give these guys a try as well, and bought in at what I thought was a bargain price in the $3.25-$3.30 range.  Well, my investment almost immediately went underwater, and after toying with break-even territory a couple of times, finally broke out on Monday.

With recent financing in place and a sky-rocketing gold price, what could go wrong?

My gut feeling told me otherwise.  Somehow, I just didn't trust these guys to deliver the goods.  I decided to sell my position and get out with a small profit.

Low and behold, after just closing a large financing, these guys decide to go back to the well and draw some more - at an almost 30% discount to Wednesday's closing price!!!  

The last after-hours closing trade on Wednesday?  $1.96 U.S.  Look for a similar opening on the markets on Thursday morning.
Comment by RockLobster1 on Nov 21, 2024 12:54am
I completely agree with you... Management had show n complete disregard for shareholders... I'll be selling on any strength.....
Comment by tannin on Nov 22, 2024 6:21pm
And, the Xatsull people, who's land the mine is on, have not given it their ok .... they are 'considering all legal option'.....
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