Take physic, pomp

Otis Gold (OOO.v), 2020 year-to-date

It probably sounded like a grand idea for Otis Gold (OOO.v) to hook up with a larger producer. Here’s the Feb 24th NR title:

“Excellon Resources to Acquire Otis Gold Creating a New Multi-asset Precious Metals Company”

And indeed, for a whole day it looked quite good. Here’s ResourceWorld Magazine on the deal, dated Feb 25th:

“Otis Gold up 28% on Excellon takeover news”

However, the only people who have made out are the sellers on the news:

Probably because an all-share deal with a pitiful excuse of a mining company that has known nothing but abject failure on all its projects and operations for years isn’t anything to be proud about.

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