Otso Gold Corp. V.OTSO

Financials

[Dummoney]

It's good to see the companies balance sheet laid out, with the debt broken down. and how accomadating Pandion is. It's also good to see in the mdna note that financing is arriving in Q3 of this year, tho I'll be more at ease when I see the signed agreement. On the income statement it seems Basbots concern regarding management spending were warranted. It would be nice to see more drilling, less plane rides. Hopefully that happens in the coming quarter. As long as they get producing, then were golden

[rborhi]

I see in there that payments due to Pandion are: $11.5 million US on April 7, 2021. $11.5 million US on Oct 7, 2021. Seeing as the mine is only restarting in April 2021, that first payment is a tough one. Unless they can get it pushed back.  Each of those payments is worth about 6000 oz of gold at today's price.

[calvin98]

I see in there that payments due to Pandion are: $11.5 million US on April 7, 2021.... Maybe they will have a mild spring, and next pour before that date ?

[rborhi]

The payments must have been set when the plan was to start mining in July 2020. Hopefully the first one can be extended, with a small penalty or something. NO shares for debt though!! Also saw Pandion has a 2.5% royalty on the mine, so they have incentive for this to start up and create a royalty stream.

[Riqueza]

Still halted?

[Lindyloo01]

https://otsogold.com/wp-content/uploads/2018/03/11.pdf

[Riqueza]

Whats happening? Can someone please explain.

[calvin98]

My understanding, trading will start after the company posts the 43-101. I doubt if the drilling is finished on the whole property... 3 pits ? It seems this also happened when firesteel was in control. Just my guess tho ?

[Dummoney]

calvin98. Where did you get this info about 43-101 halting trading. Thsnks

[Riqueza]

If it's 43-101 Otso needs to communicate it. Right now official explanation is that they have not completed financial filings. BR