August 18, 2022 

How to Approach Thin Veins & Cost


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 By Michael Miller

12/14/2020  4:44PM

Karl, Your entry today makes the point of my 12/11/2020 short comment: current stock price for both bid and ask do not reflect the value of a share of OSTO. You identify that seven cents a share is ridiculous and frankly a meaningless figure.

So, what is an educated sensible figure? I did my educated/knowledgeable calculation last Friday; arriving at my personal loss according to the Schwab sale/purchase last Friday exceeded $7 million. My calculation of value has nothing to do with stock prices, is not based on this comical auction market called the “Gray Market”.

My mathematics is based on multiple factors, but the most glaring are the Sixteen to One gold deposit and the Company that owns it. I compared OSTO prospects for future production with past and current facts, and a review of an analysis of a prior SWOT study. This is why I wrote that last Friday according to stock market absurd minutia, my net worth dropped by $7milliom
 By karl

12/14/2020  11:21AM

Michael, Aren’t there only about 13 million shares outstanding? That makes the entire company worth about $1M at 7 cents, and less than $3M at 19 or 20 cents. I don’t see where your $7M number comes from!
 By karl

12/14/2020  9:25AM

Dick, I want to sell the shares. A small portion of my holdings. Someone needs to hit the “ask” at 19 cents!
 By dickdavis

12/11/2020  8:25PM

Karl, November 4th, says he's offering to sell shares from his IRA.....I believe he doesn't have to sell shares to satisfy IRS,, but could transfer IRA shares to his own name and report the last trade value as his basis for income and continue to hold all shares. Check with an accountant.
 By Michael Miller

12/11/2020  3:45PM

Yes Karl, this week will close with strange stock trading. My Schwab account is showing a loss of 61.78% for OSTO day’s trade. Hum, by my calculations of the value of my Sixteen to One stake yesterday, my net worth has declined in excess of $7 million. Some shareholders value their Sixteen to One ownership (per share) greater than I. Yikes! Did they suffer the same per share equity net asset loss?

I’ve been in Alleghany all day before the market opened. My office work day was great, a lot accomplished. I checked the portals both upper and lower. No changes from yesterday. I know there were no changes underground. What happened? I lost $7million and have no pain, ill thoughts or concerns.

It will be a grand day when OSTO again is offering buyers and sellers true value exchange of dollars for equity in the oldest gold mining company in North America and still mining for over108 years. I do agree with your sentiments about “strange”.
 By karl

12/10/2020  10:20AM

Strange stock trades this past week. Somebody nibbling 10 to 130 shares per day, at $0.191. Why spend less than two bucks on a trade? Are they trying to create a chart pattern or support level?
 By David I

12/03/2020  6:27AM

I recommend that you merge with the Ruby mine.
 By David I

12/03/2020  6:22AM

How much gold do you folks still have in the Sixteen to One? What is your projected resource capacity?
 By karl

11/18/2020  7:16AM

I have a bunch of shares at Schwab with an Ask of $0.192. Schwab says it’s out of their hands if the clearing house doesn’t display that. If someone put in a GTC order to buy under $0.20, I think the order will go thru in a few days.
 By karl

11/06/2020  9:41AM

Michael, just left a message with your office at 9:40AM
 By Michael Miller

11/05/2020  12:45PM

A buyer for $0.20 is ready to bid but cannot find how many shares are available. Let me know here or call me at (530) 287-3223
 By karl

11/05/2020  6:40AM

(I am only selling a small portion of my shares. I’m still a long-term shareholder, for over 20 years!)
 By karl

11/04/2020  8:39PM

The “ask” is at $0.198. Whoever is willing to pay 20 cents should buy those! They’re in my IRA account, so I can’t sell them any other way! ;-)
 By Michael Miller

11/03/2020  9:35AM

Thanks Karl and CW for your observations and posting. Some Alleghany stuff kept me busy last week.

I don’t know the seller or buyer; however the seller could have easily tripled the gross return. Bids existed on Schwab. Most importantly, a phone call to our office expressing some stock for sale would have covered all the offered shares at $0.20. Why were these shares sold? Perhaps the owner’s broker, account or lawyer placed the order. Maybe the owner had a margin call. I’d like to know.

If the seller reads, this please write or call me.
Interested, confirmed capable buyers are looking to join our corporation. Their Offers exceed $0.06 a share. The offers to buy remain.
 By karl

10/28/2020  4:35PM

Thanks, CW! “Market” sell explains the big price drop. Our company is worth less than $1 million, at that price!
 By cw3343

10/28/2020  3:15PM

I am showing 97,000 shares volume today. Looks like several large orders placed at "market"..
I think 14,342,000 outstanding...
 By karl

10/28/2020  10:27AM

Does anybody known how many shares are outstanding? (I recycled my Annual Report and is not working right now)
 By karl

10/28/2020  10:00AM

65K traded, most of then at 6 cents! Must be a margin call, or the suitor, that Michael mysteriously mentioned, has thrown in the towel!
 By karl

10/28/2020  9:25AM

45K shares traded today. I wonder who is dumping them? Maybe someone got a margin call, as all the mining stocks are getting whacked today!
 By bluejay

08/01/2020  8:46PM


Giving the Smith & Wesson idea perked my interest concerning the Country's future.

Martin Armstrong has stated his sophistigated computer is predicting the beginning of civil unrest. Although the Smith & Wesson shares have greatly appreciated in the past months there appears no apparent reason why this trend should not continue.

Hopefully, our company's share price future will receive the comparable attention once the investing public is more exposed to its main product, gold as did Smith & Wesson received when the most pertinent part of their business model was illuminated resulting in share price appreciation and increased public interest.

The greatest bull market in gold's future is upon us and it would be exciting for shareholders of the company to participate better as a known gold producer in this approaching environment.

Eric Sprott has been heavily investing in exploration companies in the "Golden Triangle" region of British Columbia. Eric Sprott is a billionaire. With higher gold prices, confidence is returning to support gold exploration companies.

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