Post by
OleBole on Sep 12, 2024 4:01pm
Nice little thing
After an upsized C$21M finance closed on 8/28/2024, O3 has C$31M in cash, C$17M in investments and C$10M of convertible debt, with 107.3M shares outstanding and 9.5M warrants @ C$1.45 that expire in 8/2026, fully funding the company into 2026. Management owns 5.5%. and CEO Jose Vizquerra owns 4.7M at an average cost of C$2.34 with the Vizquerra family holding another 2M at a total average cost of C$2.85. Osisko Mining holds 21%, with institutional ownership at 30.6%, leaving a retail float of 42%. This company is a near-term takeover candidate