INK Ultra Money: Tax-loss selling alert for Osisko Metals

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Heading into 2020, a lot is riding on the path of inflation expectations. Osisko Metals (OM) is a stock that should be benefiting from rising inflation expectations. However, as we wrote in our INK morning report December 19th and again in the Globe and Mail Saturday, tax-loss selling season has probably depressed the share price. With the season now over, could the stock rally? Watch this free Ultra Money video for our take. 

Osisko Metals has big ambitions at Hay River

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Video script:

The share price of industrial metals junior miner Osisko Metals slipped below its 200-day moving average in late September.

That plus overhang from a 13.5 million share flow-through financing in July is likely pressuring the stock during tax-loss selling season.

Until recently, falling inflation expectations has also been pressuring the stock with the US 10-year breakeven inflation rate hitting a low for the year on October 3rd.

However, monetary winds are shifting, and inflation expectations are back on the rise. If the trend continues, Osisko Metals may be on track to make it into the inflation winners circle.

The company is working towards a preliminary economic assessment for its Pine Point lead-zinc project located near Hay River, Northwest Territories. Pine Point has a few things going for it.
It is relatively close to key infrastructure including a North American rail link. Its maiden inferred resource estimate released December 6, 2018 suggests a relatively high-grade deposit

Finally, it has an experienced management team, including Robert Wares who discovered the original Canadian Malartic bulk tonnage gold mine in Quebec.
He, along with other insiders, have been buying all year, and their pace has picked up recently. It all adds up to a mostly sunny outlook for this tax -loss selling season for risk tolerant contrarian investors.

Our report which is not a recommendation to buy or sell securities is available through INKResearch.com or the Canadian Insider Club. Good luck, friends, and thanks for listening!

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