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Bullboard - Stock Discussion Forum Osisko Metals Inc V.OM

Alternate Symbol(s):  OMZNF

Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals space, more specifically copper and zinc. The Company is focused on base metal projects located in Canada. Its projects include the Gaspe Copper project, the Pine Point project, and Mount Copper Expansion project. The Gaspe Copper project is located near Murdochville in the Gaspe... see more

TSXV:OM - Post Discussion

Osisko Metals Inc > Opportunity cost
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Post by Jessyoz on Jan 14, 2021 12:10pm

Opportunity cost

I will probably get crucified by some of you guys, but although Wares is one of the best geologists in the world, I just don’t think he has it to run a company on his own. His role wasn’t the commander in chief in Arizona and Malartic, it was Richard Warke, Sean Roosen, and Burzinski who were running the show. By adding a geologist like Wares to these guys, you ended up with a killer team. It’s the first time that Wares is in charge of everything and I don’t think his strategies and his choices of executives are the best. Everybody makes mistakes but you have to correct them over time, which is not the case here after close to 4 years. The best thing that could happen for OM is a merger with a company that has top executives. If this doesn’t happen and no changes are made, I think this stock will remain at these levels for a long time. With the current market, our opportunity cost is huge.
Comment by Basswood on Jan 14, 2021 2:02pm
Good post! I'm with you, I don't (thinkl) your normal geologist would make a great commander of a company. I think in this case there's more to offer than just Wares being the commander. One of the other reasons  I took a position in this company is the Osisko Brand. Between Osisko and Wares, IMO, there is a huge network with lots off success which will do everything they can to ...more  
Comment by STOCKISCOLD on Jan 14, 2021 2:52pm
Remember FWZ has a smaller cap also and is a smaller project. They said they will do an acquisiton they were talking about copper. Don't forget OSISKO is also pouring millions in here so is Wares, unless they are retarded I would not understand why they pour so much money... i mean keep this 5%-10% of your portfolio but if you have all your money here it's a risk play. I feel like it's ...more  
Comment by BigGoldleaf2400 on Jan 14, 2021 3:25pm
Wouldn't acquiring a new project require another PP causing further share dilution. I can't see how they would do that with such a low share price, unless a new project will only cost a couple of million.
Comment by glory7 on Jan 14, 2021 4:00pm
The more I read the more you sound like sitting ducks? Donate your money don`t burn it.
Comment by STOCKISCOLD on Jan 14, 2021 6:05pm
No idea man, they said they were working on copper acquisiton during the call. I won't move until i get more info maybe put a 3-6 month target it's not like i have a lot here anyway i'm not going to die if it does not move it's ok.
Comment by beyondhelp69 on Jan 15, 2021 3:27pm
Tick Tick Tick….Did you know:  Every 3 seconds another child dies in Africa of starvation due to poverty and lack of sponsorship dollars. It could be worse:   . . . What have you done for others lately?