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@capitalgain i was saying i find it funny that the leak suggestion comes up every time the price or volume goes up. too many conspiracy theorists.......
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@dirkdiggler No, I got you the 1st time...lame attempt at humor.
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@marketwired Otis Drills 128.0 Meters of 1.79 g/t Au and 80.8 Meters of 1.87 g/t Au at Kilgore @marketwired/otis-drills-1280-meters-of-179-gt-au-and-808-meters $OOO $OGLDF
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@marketwired Otis Drills 128.0 Meters of 1.79 g/t Au and 80.8 Meters of 1.87 g/t Au at Kilgore @marketwired/otis-drills-1280-meters-of-179-gt-au-and-808-meters-c3d3c $OOO $OGLDF
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@Drj Safe to say someone knew about these results yesterday
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@chatyak And so it begins
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@Vaughan You were saying @capitalgain ? LEAK not so crazy now huh? And to be clear, yesterday was the first time i cried leak...
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@Birddog @Vaughan what kid of pop are you anticipating?
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@ayeyou Lvl2 suggest this will be a non event as far as share price appreciation goes. Penny or two up or down at close is my best estimate.
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@capitalgain Rather than hearsay, I'm focused on the results. They look great. Excellent.
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@dirkdiggler These are good results - the tonnage implications are rather substantial. If the market doesn't appreciate them in knee-jerk fashion....it will over time, especially if $gold catches a bid. $ooo
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@ayeyou Agree results have major implications for future of Kilgore but markets have been very hard on anything less than spectacular results the past 6 months or so. Lvl2 indicates that will continue here. As far as actual value to $OOO and the future of Kilgore results are very constructive and will most likely lead to a whole new understanding of where the real value of that deposit may lie.
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@capitalgain @dirkdiggler I agree. Last January they were also great results but it took months for the market to realise.
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@Pete With these results next we can expect a is a severely updated RE. And we are sitting at 30Mil MC
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@stocklor @tommy, $OOO's aren't bad
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@BruceWayne Sellers seem to be winning the battle right now. MIght be able to do some bottomm fishing today
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@capitalgain @brucewayne Yes you are right, Sellers are winning the battle today so here come the buying opportunities.
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@dirkdiggler Well, after today's results, the current price of $0.29 is arguably better value than when it was a few pennies lower.
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Chops are they any more holes to be release or is this the end of the program?
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@capitalgain that is the end. all 40 holes completed and announced.
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Chops I'm a little surprised the stock didn't move up, but that is ok. Perhaps even a lower price would allow me to acquire a few more shares. Unless I am missing something in the interpretation of the results. $OOO looks to have 800k indicated and a lot more inferred right? That is quite a bit more than a lot of these other drillers.
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@T thanks to all $ooo sellers. grabbed a chunk this morning
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@Stealinator Nothing wrong with those last holes. I plan on adding at hopefully a little lower price. Not much in the way of catalyst generated by the company anytime soon is there ?
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@stateside $OOO a strange stock - it can never have two days in a row of gains after strong news. Sellers ALWAYS come in to liquidate following a move up. Weak hands in this one for sure.
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@T O
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SEDI_bot Otis Gold Corp. $OOO just filed 3 reports. View full report: SEDI:OOO
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@BruceWayne Nice to see Craig buying after the NR
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@capitalgain Yes the CEO keeps on buying
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@MiningCatalyst 13m warrants @ .15 will expire June 2017 which will bring another 1.95m to the bank
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@goldcarp Otis opened at .28 (U.S.) 9/26/16 when first drill results were released. This Friday (1/20/17), after latest results, it closed at .21. The drill results all have been released and the opinion that counts, that of the market, has been a collective thumbs-down. Shares off 25 percent. With no catalysts on horizon, I'm easing out and will consider getting back in mid-year, likely at a lower price.
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@MiningCatalyst No catalysts on horizon? Updated resource estimate coming and pea
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SEDI_bot Otis Gold Corp. $OOO just filed 1 reports. View full report: SEDI:OOO
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@goldcarp You deal in speculation. I'm dealing in the recent history. Look at Mariana Resources, which announced a great PEA Jan. 17 and bumped all of 10 percent give or take to 1.09 U.S. It closed Friday back down at 1.01 U.S. Bottom line on Otis, the optimists, the ones who had bid the stock up big months ago, were looking for better drill results than were returned. Now we're moving on to the PEA. Always something great is just on the horizon. Well, if it bumps the Otis price 10 percent the day of the release and most of that is given back within days, is that something we should eagerly anticipate? It's a dangerous game to presume continuously that you know more than the market.
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anonymous I get it you sell your position then look to validate the reason you sold by announcing to the world that Otis has "no catalysts" for future share price appreciation. This is typical of a trader that does not understand the fundamentals or the upside potential of the next drilling campaign. The holes just released further validate the genetic model with shallow thick intercepts interrupted by zones of high grade ore up to 10 meters thick in some places. The deposit is still very much open with an emerging body of ore starting to show below the main zone. This does not even take into account the regional targets with the potential for several more deposits to exist on the property. The junior gold space is now at an inflection point in my opinion. There has been a sharp sell off since August and we are now looking at the beginning of the 2nd wave of a renewed gold bull market, things are about to heat up for quality precious metal juniors like Otis in my opinion. With Trump's rise to power protectionism is in the air, a new trade war is brewing which I believe is going to push more money into the gold space. Watch and learn Otis is going to move hard with the coming sentiment change in the gold.
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anonymous At a market cap of $28 million with a resource of 800 million shallow ounces about to be significantly upgraded and a new expansion drill campaign coming this is a no brainer, it's got a huge upside move written all over it!
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@Stealinator @ pasty off green dot......what he said. (or she)
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@DJS 800 million shallow ounces, or 800 thousand? Even Bre-x only ever claimed around 90 million ounces as its top "estimate". $OOO
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@goldcarp Anonymous green dot, you are showing yourself to be quite the intellectual. As someone already mentioned, bit of a difference between 800,000 and 800,000,000 -- more than just three zeroes. The holes released were much lower grade than the January holes that got everyone excited, eventually. The additional drilling in 2016 was supposed to intercept high-grade deposits. It did not. That's it. Period. The heating-up phase you are anticipating would be captured, if you are right, in something like SIL or GDXJ, at least IMHO. We both will watch and see who learns.
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anonymous http://www.redcloudks.com/rcks-talk/otis-drill-results-highlight-likely-resource-growth Another independent: " Otis' Drill Results Highlight Likely Resource Growth Otis Gold Corp (TSXV:OOO) announced results from the 12 final drill holes from its 2016, ~10km (40 holes) drill program the company completed at its wholly owned Kilgore gold project in Idaho. These results returned a weighted average grade of 1.16 g/t Au over 29.2m and were highlighted by 1.79 g/t Au over 128.0m, including 11.96 g/t Au over 7.6m (16 OKC-353). The width and grade of these results, along with the balance of the 2016 program suggests to us that the current 820k oz Au (47.5M tonnes @ 0.53 g/t Au) resource (indicated + inferred) is poised to grow with the planned H1 2017 update. This likely resource growth does not appear to be priced into Otis’ current valuation as it trades at C$33/oz versus peers at C$40/oz. In our opinion, the Kilgore project’s likely resource growth along with the project’s location (stable jurisdiction, proximity of infrastructure) should allow Otis to close the valuation gap to peers.
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anonymous Project likely to grow on the back of extensive exploration activity. The Kilgore project is located in Idaho in the proximity of transportation and power infrastructure. The project previously hosted a high grade underground mine and contains mineralization that is similar to that of the gold deposits of Round Mountain, Nevada, and McDonald Meadows, Montana. Approximately 52km of historic drilling has been completed on the property by various operators, and since completing a resource estimate on Kilgore in 2012, Otis has completed an additional ~14km of drilling on the property. The wider intervals and higher grades that have been intersected but not yet incorporated into a resource estimate suggest the resource is likely to grow over the current 820k oz Au (47.5M tonnes @ 0.53 g/t Au). Drill program unfolds a new, promising formation. The bulk of the 2016 program focused on the Aspen formation where drill holes have intersected wider and higher grade intervals than that of the current resource. The formation, that appears to be trending northwest, was extended to a depth of 300m and remains open along strike and potentially at depth. The final results from Aspen were highlighted by hole 16 OKC-353 that returned 1.79 g/t Au over 128.0m, including 11.96 g/t Au over 7.6m (Figure 1). The results from the 12 final holes returned a weighted average grade of 1.16 g/t Au over 29.2m which compares favourably with the current resource grade and supports our view that there is potential for resource growth at Kilgore.
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anonymous Valuation gap likely to close with resource update. At C$33/oz, Otis currently trades at a discount to peers (C$40/oz). In our view, the market does not appear to fully account for Kilgore’s likely resource growth as indicated by recent drill results. Coupled with the project being located in a stable jurisdiction in the vicinity of infrastructure, we expect the pending resource update to be an important catalyst for the company.
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anonymous full article and graphics can be found at http://www.redcloudks.com/rcks-talk/otis-drill-results-highlight-likely-resource-growth
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anonymous @goldcarp, yes correct I made a error in the resource my bad... I'm quite sure we all know what I meant so if that's the best you can do time to move along junior. You're casting stones from the sidelines waiting for the impending sell off to reload we get it... With the second wave of the new gold bull upon us Otis could not have timed it more perfect with the upcoming release a new resource estimate.
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@capitalgain Of course we all understood it. @goldcarp that was another feeble attempt to pour scorn onto the progress of Otis. Go and play your little games somewhere else.
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@goldcarp This is the last time I will bother you gentlemen. Reside in delusionville if you must. The facts speak. The drill results came nowhere near hitting the high-grade status so many here had anticipated/predicted. For God's sake at least be honest about that. The drill results didn't live up to those expectations, so now you move on to hyping other future possibilities. My point, to spell it out as plainly as possible, is I'm trying to get out of the remainder of my position -- a very small position -- and I will reevaluate down the line if and when there are results, not hopes and dreams. The big drill program has produced a drop in the share price. That is indisputable fact. All the rest is speculation.
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@capitalgain https://www.investing.com/analysis/scarsdale-equities-reiterates-'buy'-rating-on-otis-gold-corp-200173277 Scarsdale Equities Reiterates 'Buy' Rating On Otis Gold Corp By Guy S. Ortmann, CMTStock Markets3 hours ago (Jan 23, 2017 10:25AM ET) Guy S. Ortmann, CMT Articles (956) My Homepage Follow Otis Gold Corp (BE:OOO) confirms the potential that the uplifted Aspen Formation is a larger, higher-grade mineralized zone, underlying the existing deposit, with “strong potential” to expand the Kilgore resource, in Idaho. We maintain our Buy rating. Summary of the 2016 40-Hole Drill Program at the Kilgore Gold Project •36 of the 40 holes in the 2016 drill program intercepted reportable gold mineralization, 11 in the Lithic Tuff and Dikes (the host for the existing deposit), and 25 holes in the newly discovered Aspen Formation. •The Aspen Formation appears to be an uplifted “northwesterly-trending belt or corridor in the northern half of the deposit,” to “depths of up to 300-meters below the surface… with some still open at depth.” •Drill results in the Aspen Formation are often higher grade gold with thicker intercepts than the deposit, including 16 OKC-349 with 120.4 meters of 1.18 g/t, 16 OKC-353 with 128 meters of 1.79 g/t (Tertiary Sill and Aspen), and 16 OKC-354 with 27.5 meters of 2.63 g/t (Dike and Lithic Tuff) and 80.8 meters of 1.87 g/t. In our opinion, the newly-discovered uplifted Aspen Formation, a result of proper geologic reinterpretation, has the potential to significantly expand the existing resource estimate. Otis Gold will be completing important cross-sections which may demonstrate the near surface expanse of a growing sub-parallel resource, suggesting potentially more attractive economics. We expect Otis Gold to carefully build a resource model that may lead to an updated resource estimate early in the second quarter of 2017. We maintain our Buy rating and price target of C$0.50 per share. Scarsdale Equities Reiterates 'Buy' Rating On Otis Gold Corp
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@chatyak .50 per share based on the current assets or future potential? Future would be higher than 50
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@nobshere @dirkdiggler $BMG you still holding ? How about $OOO or yo schlip out de door
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